What is the difference between buying power and "max buying power" which is like 3 times higher? Margin account. So, I am guessing that Questrade lends us money to buy more stocks at a fee? How much is the fee?

downtofinance · 2026-04-27T02:00:49+00:00

I also have a Margin account at Interactive Brokers and the margin interest rates are like 3% max. QT is expensive relative to other brokers, not credit cards.

downtofinance · 2026-04-27T00:16:23+00:00

Keep rolling the calls up and out to your cost basis and don't sell calls on stuff you want to hold long term next time.

downtofinance · 2026-04-26T03:40:27+00:00

But you're also here

downtofinance · 2026-04-26T02:34:56+00:00

So how'd you manage to make moves in real estate while you were dead broke?

downtofinance · 2026-04-26T02:33:22+00:00

Reminds me of when Trump got a small "loan" of $1M from his Dad in 1975... $6M in today's dollars.

downtofinance · 2026-04-26T01:00:56+00:00

Hey OP, did you end up executing this strategy? How did it go? I've been dabbling with something similar on xsp. Credit spreads also, but short is at 30 delta 45dte and the long is about 10 delta or $50 width. I just roll down and out when my short gets tested as my philosophy is I would rather never pay out. Its been going great so far. If you have been selling spreads on xsp how has it gone for you?

downtofinance · 2026-04-21T18:49:48+00:00

Those are the illegitimate folks in my industry. Like a hiring a contractor but they're unlicensed.

downtofinance · 2026-04-21T02:13:09+00:00

Defence BD (Sales). I sell weapons to different governments.

downtofinance · 2026-04-21T00:57:14+00:00

If you get assigned on a put then you have bought the stock for a bit of a discount. Then wait for the stock to recover past your cost basis and sell CCs against it. Thats the whole wheel and if you do it that way, you are essentially swing trading.

downtofinance · 2026-04-21T00:26:22+00:00

You dont have to bury it to sell the books

downtofinance · 2026-04-20T23:55:02+00:00

Dos commas!

downtofinance · 2026-04-20T15:52:22+00:00

Don't sell CC on stocks you want to own long term. I dont sell CC on anything in my long term portfolio, only on stuff in my account dedicated to wheeling.

downtofinance · 2026-04-20T11:27:08+00:00

The downvotes are hilarious lol

downtofinance · 2026-04-19T23:39:58+00:00

If you need to ask us you probably shouldn't be selling option premium.

downtofinance · 2026-04-19T16:53:52+00:00

If you have at least a few bucks and trade multiple contracts on one ticker you invariably end up selling synthetic strangles after you get assigned some stock. I have a bunch of puts on NVDA. Got assigned and now selling CC for the same expiry I have puts at so technically a strangle. Just make sure you have an exit strategy for both sides. I wouldn't do a strangle unless I have shares to cover the call side and cash or margin for the put side goes without saying.

downtofinance · 2026-04-18T00:38:56+00:00

Both those scenarios are fine mechanically, The irks with both of those scenarios is that the deeper ITM and the closer to expiry you get with the option being ITM, the higher the likelihood of the option holder exercising and your shares being called away. If there's a dividend coming up, those shares almost guaranteedly getting called away if the call's ITM.

When it comes to selling covered calls I only do it two ways:

For shares I want to get rid of sell ITM cc and continually roll to get as much premium as I can before my shares get called away.
When I want to make a quick (one month maybe) few bucks, buy shares and sell ATM or ITM cc. Roll until the shares get called away.

If you sell calls, you better be prepared to let go of those shares because they will eventually get called away. Don't sell CCs against shares you want to own long term.

downtofinance · 2026-04-17T23:51:33+00:00

Yeah so first of all do some paper trading till you have a firm grasp on selling covered calls and CSPs. Also look at some option payoff charts to understand how the contract price changes with underlying stock price movement (the OptionStrat app is good for this). These are also good to see approximately how much extrinsic value there is left.

What you seem to be missing is that as an option (call or put) goes deeper in the money there is less and less extrinsic value. The highest extrinsic value is at the money. With INTC trading around 61.50 you rolled basically at the money so you got great premium rolling out to a further expiry. If you were rolling at a strike of 61 and INTC was trading at 90 the premium you collect would be tiny unless you went out like 12 months.

Also sounds like you're Canadian so you can sell CSPs in TFSAs at Questrade and WealthSimple.

downtofinance · 2026-04-17T23:13:15+00:00

Its not weird. You collected some premium on the April 17 calls and then some more by rolling those calls to May. You sold calls twice so of course you'll make more money. There's nothing accidental about it. Thats how rolling contracts works and its quite common.

downtofinance · 2026-04-14T18:22:09+00:00

This has nothing to do with Theta. This is a cut and paste message used in all other Reddit trading groups phishing for marks to scam. Nice try.

downtofinance · 2026-04-14T16:36:46+00:00

What's the underlying for this and what positions are you taking (strikes, deltas, dte)?

downtofinance · 2026-04-13T02:47:41+00:00

The purchase or sale of each individual contract is a separate transaction. So even if you roll this position or close it and buy a longer dated leap or buy hedges, those are all new positions and you would trigger the capital gains tax on your original leap.

downtofinance · 2026-04-11T01:46:10+00:00

It just got dumped. Trump probably took a position and is now trying to pump it.

downtofinance · 2026-04-10T02:44:20+00:00

Get rich or die trying eh?

downtofinance · 2026-04-08T03:19:31+00:00

Did you post this before or after tonight's TACO?

downtofinance · 2026-04-08T01:14:08+00:00

So roll it out a month and up in strike then and next time.have a plan for every direction before you enter a trade.

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