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05-14-2024, 07:32 PM #1321
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05-14-2024, 09:33 PM #1322
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05-18-2024, 10:04 AM #1323
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06-09-2024, 06:28 PM #1324
i belatedly found out that i have been doing what people call 'the wheel' so my wheel account is doing well. etrade is not good for showing P/L on individual trades and curiously schwab doesn't actually record premiums for sold options at a gain/loss, it just increments your cash position which is annoying. entered swings on shop and snap, leaps on nio and sofi. And now for the degen part, i have become enamored of doing 0days on fridays.
"I'm not like most girls." -most girls
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06-09-2024, 06:38 PM #1325
Lol you doing SPY or random stock 0dte on Friday's? I've wanted to do this, but seems like degen gambling where you have to hope the market swings as you intend otherwise you gotta sit at home and sweat all day hoping it does what you wanted. I usually just sell CCs and some CSPs on things I'm not scared to buy, but I usually buy calls/puts with at least a few weeks if not a few months to go the direction I anticipated.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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06-09-2024, 07:39 PM #1326
PANW and RDDT contracts expired worthless
Still holding MSFT and TSLA contracts
at least for the moment, my port is transitioning into relatively safe, lower volatility growth. Still retaining this strategy:
"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."2022 Option Trading Realized Gains: $125,348 USD
2023 Goal: $140,000
2023 Option Trading Realized Gains: $142,035 USD
2024 Goal: $80,000
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06-09-2024, 08:01 PM #1327
^My strategy is very similar, but I try to get closer to 65-70% before closing and I usually go 60-90 days out. Also, I leave the order out there to close because there can be some pretty wild swings intraday and I don't have the desire to check frequently. Sometimes I go into my portfolio to check other things and go "oh wtf when did that close" and then either it moves to the point I reopen or I just sell the monthly again 2-3 months out.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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06-13-2024, 07:46 PM #1328
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06-14-2024, 03:58 PM #1329
longer dated contract expired worthless today. STO TSLA Jun14 185c x7 about 5 weeks ago. Trading at roughly $1.75 at the beginning of this week and then bam, midweek it has a surge and at one point is $7 ITM. This has happened to me before, holding a longer dated contract that gets ITM near expiration. Luckily I chose not to roll it out but it's the reason why I look to BTC before expiration. A little too greedy this week.
STO RDDT Jun14 64cc x2 and rolled those out to Jun28 65cc for additional credit.
PANW Jun14 320cc x4 expired worthless
total net for above contracts roughly 6k+
still holding MSFT Jun21 435cc x7 from about 5 weeks ago. Looking to net about 3500 from these.Last edited by usersignup2; 06-14-2024 at 05:26 PM.
2022 Option Trading Realized Gains: $125,348 USD
2023 Goal: $140,000
2023 Option Trading Realized Gains: $142,035 USD
2024 Goal: $80,000
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06-14-2024, 04:04 PM #1330
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Yesterday, 05:30 PM #1331
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