so the pop happened. QQQ 20ma is currently 270.84 and I think it could hit Monday. Gap fill still plausible target.
"I think there is a good chance QQQ dips below 260 tomorrow "
low of day was 260.34
Basically fcuked my trade. Closed my SQQQ cc early and sold out of SQQQ position for minor loss. Total net of roughly 3k on the trade.
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01-06-2023, 01:09 PM #11412022 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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01-09-2023, 08:49 AM #1142
Target hit. Exactly why I wanted to exit SQQQ, otherwise would be down 6%+ on my position. This is the caveat when dealing with 3x leveraged etf and holding overnight or weekend.
$600 scalp on TQQQ this morning. QQQ still has possible 20ma weekly target and gap fill, at roughly 277.94 and 283.01 respectively. Will be looking to reenter SQQQ if that happens.
STO
OXY dec13 64csp x10
AAPL dec13 136cc
GOOG dec13 93cc x4
TSLA dec13 132cc x6
looking to net just over 2k with these contractsLast edited by usersignup2; 01-09-2023 at 02:50 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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01-09-2023, 02:44 PM #1143
QQQ put up a sell signal midday so took a swing position on SQQQ and holding overnight.
Looking for QQQ to dip and fill gap at 268.80.
Lotto play would be QQQ Dec10 264P@0.14 but not willing to gamble. Potential 5X play imo.
QQQ 263.33 was battle area last week as that was the bottom of the last gap fill.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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01-10-2023, 01:25 PM #1144
QQQ did not close the gap. SQQQ came within $0.03 of my sell target of 52.25.
Closed out my position and managed two profitable scalps for roughly 4200 net. Still holding my short contracts for the week.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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01-11-2023, 12:51 PM #1145
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01-12-2023, 09:04 AM #1146
Tempted to get back into some spy straddles but think I’m gonna just watch on the sidelines
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German-Hungarian Crew
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TRUMP 2016
Finance Crew
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"Over 90% of muscle gain is stretching" - ReppinRyan & AnimalAdam
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01-13-2023, 04:14 PM #1147
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01-17-2023, 04:05 PM #1148
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01-17-2023, 04:31 PM #1149
You can roll your cc to a higher strike or a date further out. You don't have to have your shares assigned.
Imo the main disadvantage to writing calls so far out is reduced premium and trying to predict price so far out. If you are happy to let your shares go at X% as well as collect premium then I'd say it's OK.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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01-17-2023, 08:42 PM #1150
There are going to be various factors on how expensive it will be. IV when you roll is a big factor as well as, historical volatility at the time you wrote the contracts, and yes how deep itm the contracts are when you roll them.
In short, you should be prepared to relinquish your shares at the strike price + premium if you are unfamiliar with the nuances of unraveling itm contracts.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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01-19-2023, 01:53 PM #1151
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01-19-2023, 07:03 PM #1152
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01-19-2023, 09:13 PM #1153
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01-19-2023, 09:26 PM #1154
AFAIK that was a special dividend. In your example you are buying 3 months out so the value of the contract is going to be much more dependent on price action, iv and greeks.
Also possible that contracts expiring during div period are reclassified as XYZ and XYZ1. Not 100%.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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01-20-2023, 12:00 PM #1155
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01-20-2023, 08:51 PM #1156
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01-23-2023, 12:15 PM #1157
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01-26-2023, 04:31 PM #1158
It's important to continually set targets so you can plan your trades.
this is what I wrote on Discord:
usersignup — 01/12/2023 1:39 PM
have to stay nimble. So ready to exit tsla when I see it turn. Target 136 before earnings.
Hit 136 on 01/17/23 one week before earnings
usersignup — 01/18/2023 5:48 AM
Target hit premarket. Another big day here and potential 156 by earnings next week.
137.57 is gap fill so needs to get over that to make a run.
Hit 156 on 01/26/23 day after earnings.
STO for this week
TSLA Jan27 160cc x 10
TSLA Jan27 125cc x 24
OXY Jan27 64csp x10
AAPL Jan27 144cc x3
still holding GOOG Feb03 94cc x4
Looking to net just over 26K this week2022 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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01-27-2023, 04:12 PM #1159
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01-30-2023, 07:15 AM #1160
Tsla scalp this morning for 1800.
Will probably hold off on anything until FOMC later this week. Possible will enter SQQQ but looking for QQQ conformation sell off2022 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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02-02-2023, 10:06 AM #1161
Posted on discord on Jan 25.
If 150 holds tomorrow we could get a moonshot.
156 is right at bottom of trendline that it dropped through. Now it has to recover that trendline. 156 and then consolidate then could see 198 as ultimate target.
unfortunately was already committed to deep itm CC...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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02-04-2023, 06:08 PM #1162
depends on market conditions. Declining markets I will write calls closer to the money, as I expect price to drop. No sense in writing 20delta calls if the price is going to dip. This assumes I want to hold the shares. In bullish environment I will write calls at 15-20delta depending on how volatile I expect the period to be.
For CSP I generally don't want to own the shares, just collect premium. Those I will write at 5delta. In declining markets with volatile stocks I will avoid writing calls completely unless I want to take a position.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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02-04-2023, 06:18 PM #1163
Opened a large position in AMZN hoping to capitalize on earnings. Unfortunately market pulled back. Still comfortable owning the shares and will hold until I get a sell signal. Sold 125 weekly calls for net just under 2600.
total net for week including swing trades 5500.2022 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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02-07-2023, 01:17 PM #1164
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02-07-2023, 08:16 PM #1165
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02-07-2023, 09:23 PM #1166
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02-09-2023, 07:02 PM #1167
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02-09-2023, 07:06 PM #1168
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02-09-2023, 07:09 PM #1169
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02-09-2023, 08:04 PM #1170
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