Didn't catch the stats on this trade, but today was a down day and I plan on opening up a call when things bounce back. This lot#2 will lower my cost basis if assigned.
Part of the Jade Lizard trade to go with the Cash Secured put I sold earlier on this underlying. I sold this because I had enough credit to do so & because I wanted to lower my breakeven to the downside should this equity move below $30/share. If this call credit spread is breached to the upside, I still net $52 from the premium on the put and this premium on the call credit spread, minus the $100 for assignment.
This was a part of a Jade Lizard I sold on Monday. But since we dont have options to pick Jade Lizards on Thetagang.com anymore, I will split them up into this short cash secured put & a $1 wide call credit spread.
$120 vanna line is showing its strength and $125 is still a pretty tall line. Would like to catch a quick gain before the end of the week but would be fine with assignment here, too.
Banking on further rally after debt ceiling mess clears up. This would be below cost basis. Most of my TQQQ shares are likely being called away next Friday anyway.
Overall market is down, but AAPL was up so potentially a good entry point for the green days to come. A bit on impulse. Getting a little bit aggressive, and hopefully AAPL has a good WWDC on June 5th.
Overall market is down, but AAPL was up so potentially a good entry point for the green days to come. A bit on impulse. Getting a little bit aggressive, and hopefully AAPL has a good WWDC on June 5th.
lower risk CSP with the idea to maybe have my higher strike CSP assigned to start a wheel. Optimally will not get assigned on these two lower strike CSP.
Roth IRA; 3 DTE. Tesla is currently at 198 (8 dollars OTM). Happy with either outcome; leaning towards wanting to own tesla shares and run CC's before the price gets too high.
Back in... This is Lot #1. Short term option to capture the theta. If assigned it's above cost basis.
IVr 27.1; IVx± 7.02; PoP 75%; P50 91%; Delta -25.99; Current $226.59
This is Lot #1. Short term option to capture the theta. If assigned it's above cost basis.
IVr 27.1; IVx± 7.24; PoP 75%; P50 91%; Delta -27.28; Current $227.00
Greeks within my target range. Part of a pairs trade with TQQQ since IWM and QQQ have diverged a little bit, if QQQ reverts and goes down IWM should go up.
Selling premium on this lot #3. If assigned it will be above my cost basis. This stock has been so boring that I'd like for something to happen. I have another 200 shares.
IVr 33.1; IVx± 1.00; PoP 84%; P50 69%; Delta -20.27; Current $29.54
Opening 100 shares to do weekly covered calls on them. I am bullish on Palantir. They have turned a profit these last two quarters and this is a small position to take on a speculative growth stock in the IRA. Afterall, I need something to replace KO with.
opened this trade a couple of days ago as a hedge. Hopefully it on'r turn into a loser
Closing Note:
Even though I still have time until tomorrow, I don't want to risk this trade becoming bigger loser than it is now. not a big loss comparing to the overall profit and win rate.
Note for the trade itself: while managing 10DTE legs separately, only take additional leg if there is a significant move in that direction.
* I might regret this one but I'm trying to move to more naked options and will see how this one goes.
* Bunch of economic numbers coming out but not expecting it to go up so high after this weeks pump.
This is Lot #1. Short term option to capture the theta. If assigned it's above cost basis.
IVr 24.9; IVx± 6.13; PoP 78%; P50 91%; Delta -21.03; Current $225.68
With a cost basis of $83.52, I thought that $119.50 was a good place to hop off the train.
Dark pools and options levels are pretty thin from $120-$125.
$7,196 profit seems good for now.
Opened yesterday 05/24. Trying to stay current with trades, been traveling. Obviously looks great with $NVDA 's results coming in although there were better trades to benefit from the spike.
Without the benefit of hindsight, original rationale: trade was opened to take advantage of pre NVDA earnings spike and written aggressively due to the moderate correction in the index.
Same story as my previous PACW- I am risking $440 on a bet that PACW doesn't go insolvent in the next 60 days. I will take this trade off at 50% profit as my trigger, on short puts.
Thought it was a sign from the market gods that this trade got pointed out to me from 3 different sources. So doing it to say I did. Starting small as always
sold a ratio spread but instead of entering multiple long and short puts it will just be represented by this singular short put. Sold 2 42's and bought 1 43. This will neutralize my deltas and i like the play as well.
This is Lot #1. 1 DTE to capture the theta in this short term option. If assigned it's above cost basis.
IVr 29.8; IVx± 3.28; PoP 80%; P50 81%; Delta -19.81; Current $227.95
$AMD's chart looks like it still has some gas in the tank. Dark pools look good, dealers still short, and big money hasn't moved much off their holdings. $110/$120 vanna lines are holding steady.
Taxable. CSP on amazon, current price 115.50; will happily take an assignment at 113. Staying with stable/large cap at a modest premium (apple, amazon, google, voo). Tesla is the outlier.
guessing these banks are going to oscillate up +- 10% all summer unless there's significant good news (massive return of deposits, unlikely) or bad news (more deposits leaving than expected or other financial difficulties)
superbull with the down move today in regional banks. If the wheels come off, I'll own it at 36. If we bounce back up into the 40s, it'll be nice. (tax) (tx 269434894)
Closing Note:
Closing out for 0.85 gain. Not terrible for 1 day.
superbull with the down move today in regional banks. If the wheels come off, I'll own it at 36. If we bounce back up into the 40s, it'll be nice. (tax) (tx 269434894)
Closing Note:
Closing out for 0.85 gain. Not terrible for 1 day.
Small rally happening. Still have a bearish outlook due to external factors. Delta = 0.2. DTE = 42. Take profit at 50% or at 21 DTE whichever comes first.
Not the best day to roll, not the worst time of day. Would have rolled earlier of extrinsic value wasn't so high when it crested $5 this week. So tempted to wait and see.
$3 wide jade lizard in July. 65 put 186/189 call credit spread. 3.07CR. Looking for 50%, but if it moves through the call spread, just take it off. Will roll out the short put if it gets challenged, but we're below the recent swing lows. (tax) (tx 269231730)
$3 wide jade lizard in July. 65 put 186/189 call credit spread. 3.07CR. Looking for 50%, but if it moves through the call spread, just take it off. Will roll out the short put if it gets challenged, but we're below the recent swing lows. (tax) (tx 269231730)
-4𝚫 2𝚹 NFLX pushing today and maybe a little more over the next 30 days. A little overextended/overpriced in my opinion. Note 2 short calls at 410, not sure how to enter that here. Hence the credit.