*Official* Options trading thread: Why Alpha/Beta when you can Theta?

[kusok]

been selling fewer weekly calls and more long dated, taking profits at 50% instead of waiting for expiration. Strategy is to sell roughly 35DTE at 35-40D and take profits at 50%. Also trying to refrain from selling calls during what I see as a strong uptrend. Overall goal is to reduce the amount of daily upkeep, maintenance on contracts, and thereby minimizing daily stress. Upside is this captures higher total premium while market is in a bit of a sideways trend and lower IV.

today STO:

MSFT Jun21 435cc x7
MSTR May17 1040csp
TSLA Jun14 185cc x7
PANW May17 312.50 x2
RDDT May17 60cc x2

that’s an interesting choice for the Tesla call, one tweet from Elon, and you are going to be called out lol, let’s see what happens

[usersignup2]

that’s an interesting choice for the Tesla call, one tweet from Elon, and you are going to be called out lol, let’s see what happens

I anticipate those calls will be ITM at some point before expiration. For how long and whether I'm still holding at that time will be another story.

[usersignup2]

been selling fewer weekly calls and more long dated, taking profits at 50% instead of waiting for expiration. Strategy is to sell roughly 35DTE at 35-40D and take profits at 50%. Also trying to refrain from selling calls during what I see as a strong uptrend. Overall goal is to reduce the amount of daily upkeep, maintenance on contracts, and thereby minimizing daily stress. Upside is this captures higher total premium while market is in a bit of a sideways trend and lower IV.

today STO:

MSFT Jun21 435cc x7
MSTR May17 1040csp
TSLA Jun14 185cc x7
PANW May17 312.50 x2
RDDT May17 60cc x2

BTC MSTR May17 1040csp for 95% profit
Rolled up and out PANW May17 312.50 x2 to May24 360C x4
Rolled up and out RDDT May17 60cc x2 to May24 63C x2

closed some additional small positions for profit roughly 1300 net for the week