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

[RobParks2M]

Here it is fellas let's do it! Any and all option discussion belongs here no matter which side of the trade you are on. Obviously we have a high theta gang presence, but a lot of us still buy plain ol' calls and puts for big opportunities. Only rule is keep it civil and on track. NO POLITICAL POSTING if it isn't directly related to your positions.

How to Options: https://www.investopedia.com/options...torial-4583012



Calculator:
https://www.optionsprofitcalculator.com/


Tracker:

https://thetagang.com/


Great resource for selling options:
https://www.reddit.com/r/thetagang/

[NoScrubz]

Inn

[matiemcgee123]

in .

[RobParks2M]

1st page thread I bring you: Potential x10 on your money.

CCIV: vertical call spread

Buy March $35 calls
Sell March $40 calls

Buy limit between $30 and $50 each contract.

Almost guaranteed ayy lmao

[NoScrubz]

Looking to get some AMD $100C tomorrow if I can get a good price and sell before earnings

[NoScrubz]

1st page thread I bring you: Potential x10 on your money.

CCIV: vertical call spread

Buy March $35 calls
Sell March $40 calls

Buy limit between $30 and $50 each contract.

Almost guaranteed ayy lmao

I wanna try this but don’t know anything about spreads. Let us know if you go through with it

[SazabiBrah]

1st page thread I bring you: Potential x10 on your money.

CCIV: vertical call spread

Buy March $35 calls
Sell March $40 calls

Buy limit between $30 and $50 each contract.

Almost guaranteed ayy lmao

Das it mane

[chino3]

Thanks for making this thread. Been too busy and mind has been elsewhere to put anything substantial together. One suggestion, if someone makes a detailed post explaining something, maybe edit the OP to include a link?

1st page thread I bring you: Potential x10 on your money.

CCIV: vertical call spread

Buy March $35 calls
Sell March $40 calls

Buy limit between $30 and $50 each contract.

Almost guaranteed ayy lmao

Thinking about this, if prices are right. Just not sure if I should be responsible and do 10 contracts, or a Degen and go 100


Also, Rob posted a link to the theta gang sub, but the best to look for are the ones coming from Swaggy. He posts a weekly highest IV thread

https://www.reddit.com/r/thetagang/c...h_iv_and_more/

Disclaimer: There is a reason why IV is high, so proceed with caution.

[RobParks2M]

Thanks for making this thread. Been too busy and mind has been elsewhere to put anything substantial together. One suggestion, if someone makes a detailed post explaining something, maybe edit the OP to include a link?



Thinking about this, if prices are right. Just not sure if I should be responsible and do 10 contracts, or a Degen and go 100


Also, Rob posted a link to the theta gang sub, but the best to look for are the ones coming from Swaggy. He posts a weekly highest IV thread

https://www.reddit.com/r/thetagang/c...h_iv_and_more/

Disclaimer: There is a reason why IV is high, so proceed with caution.

Each contract costs $50... $1,000 gets you 25

[SazabiBrah]

Phuck, I just realized in order to do a call spread through my brokerage I need to apply for an extra options upgrade, which I just did, but it might take a couple days. I might be forced to buy straight shares, fuark

[chino3]

Each contract costs $50... $1,000 gets you 25

True, but 10x $5k is way more hnnnggggg. Might be too early in the year to be so reckless though

[NoScrubz]

Put the numbers for the CCIV spread into the optionsprofitcalculator and it looks like the max profit would be if you hold til expiry?

[SipNPiz]

in on first page, theta farming T, pretty lame I know but it's steady gains.

[chino3]

Put the numbers for the CCIV spread into the optionsprofitcalculator and it looks like the max profit would be if you hold til expiry?

Max profit would be if it expires at or above $40.

in on first page, theta farming T, pretty lame I know but it's steady gains.

Oof talk about grinding... That’d be like playing Diablo II and staying in Act 1 until level 30 without upgrading skill trees

[Heaney]

Thanks for making this thread. Been too busy and mind has been elsewhere to put anything substantial together. One suggestion, if someone makes a detailed post explaining something, maybe edit the OP to include a link?



Thinking about this, if prices are right. Just not sure if I should be responsible and do 10 contracts, or a Degen and go 100


Also, Rob posted a link to the theta gang sub, but the best to look for are the ones coming from Swaggy. He posts a weekly highest IV thread

https://www.reddit.com/r/thetagang/c...h_iv_and_more/

Disclaimer: There is a reason why IV is high, so proceed with caution.

Chino traded from RKT crew to CCIV crew for a 1st rounder and a poster to be named later.

[NoScrubz]

Max profit would be if it expires at or above $40.

Nice just noticed that. Might just go for 100 contracts if I can unload half my shares tomorrow at a good price. Would just be playing with profits.

[kyle1922]

PLTR 1/29 35c, BB 2/12 18c, EXPR 4/16 3c, CCIV 3/19 40c

In for muzzin on Mt Olympus or financial ruins.

[SniXSniPe]

Covered calls are not an investment, they are a lifestyle

gang gang **** cuz

[NoScrubz]

Just checked my broker and the call spread looks pretty straightforward. Gonna try this tomorrow

[RobParks2M]

don't have account properly set up to do a spread fuk.

[NoScrubz]

don't have account properly set up to do a spread fuk.

Trying to do it but there's no bids/asks wtf??

[RobParks2M]

Trying to do it but there's no bids/asks wtf??

Now its telling me for 25 contracts I don't have the buy power for it... I'm irate. I have $100k buy power how is that not enough?

EDIT: dammit gotta wait a day for account upgrade.

[SazabiBrah]

Now its telling me for 25 contracts I don't have the buy power for it... I'm irate. I have $100k buy power how is that not enough?

EDIT: dammit gotta wait a day for account upgrade.

brah I posted the same thing yesterday, you should have confirmed with your brokerage lol

[RobParks2M]

brah I posted the same thing yesterday, you should have confirmed with your brokerage lol

I thought I had max on everything. Already got full margin.

[SazabiBrah]

I thought I had max on everything. Already got full margin.

you still holding any shares? i just put a ton of money in @ $26.... pray for me lol

[Slamt]

Account now near 100% on XRT Feb puts

oh lawddd

[SazabiBrah]

Account now near 100% on XRT Feb puts

oh lawddd

gjdm! How much you have total now?

[chino3]

Fukk it. CCIV 35c/40cc 2/19 x50 @$.6

[Slamt]

Account now near 100% on XRT Feb puts

oh lawddd

Shoulda went full retard and bought weeklies

bought and sold around same spot in the underlying and NEXT MONTH's puts were up 50% from the autists chasing

feels good man

edit: other s/s had too much personal info

gjdm! How much you have total now?

sold everything up 25-50% different entries

[RobParks2M]

Fukk it. CCIV 35c/40cc 2/19 x50 @$.6

It's a nice position. I've got 3/19 CCIV 35c/40c x5 @$.7 I was concerned about how long it was gonna take.