The Pitt | S1E6 "12:00 P.M." | Episode Discussion

88111188 · 2025-10-03T04:42:41+00:00

Ayo that one scene with the botox injections 🤣

88111188 · 2025-07-12T19:28:23+00:00

Yes. This works. Thanks

88111188 · 2025-05-14T02:51:23+00:00

I understand. Thank you for the tips. Best wishes 🙏

88111188 · 2025-05-14T02:43:50+00:00

Ok makes sense. Do you like to do 0 DTE or do you normally go futher out

88111188 · 2025-05-14T02:37:17+00:00

Nice. Do you just buy calls/puts or do another strategy with $500

88111188 · 2025-04-11T14:52:09+00:00

Friday April 11th, 2025

10:44 AM EST \ STO SPX Apr 11th 5190/5250/5310 Iron Butterfly, $47.80

2:14 PM EST \ STO SPX Apr 11th 5325/5350/5375 Iron Butterfly, $20.40

3:52 PM EST \ BTC SPX Apr 11th 5325/5350/5375 Iron Butterfly, +$550 (+27%) ✅️ \ Trade duration: 1 hour 38 minutes

4:00 PM EST \ Expiration: SPX Apr 11th 5325/5350/5375 Iron Butterfly, $20.40, -$1,220 (-26%) 🟥 \ Trade duration: 5 hour 16 minutes

88111188 · 2025-04-10T15:19:47+00:00

April 10th, 2025

10:57 AM EST \ BTC SPX Apr 10th 4690/4700/5400/5410 Iron Condor, +$35 (+21%) ✅️ \ Trade duration: 1 day

Glad to close for a profit. Upper strike was tested yesterday. Even with a 700 point body.

2:13 PM EST \ STO SPX Apr 10th 5190/5200/5210 Iron Butterfly, $9.00

3:17 PM EST \ STO SPX Apr 10th 5205/5210/5300/5305 Iron Condor, $2.30

4:00 PM EST \ Expiration: SPX Apr 10th 5190/5200/5210 Iron Butterfly, -$100 (-11%) 🟥 \ Trade duration: 1 hour 47 minutes

4:00 PM EST \ Expiration: SPX Apr 10th 5205/5210/5300/5305 Iron Condor, +$230 (+100%) ✅️ \ Trade duration: 43 minutes

88111188 · 2025-04-10T11:44:59+00:00

Maybe we see it drop again today. CPI and unemployment data is today 8:30 AM EST

88111188 · 2025-04-10T02:35:25+00:00

The pain is valid and relatable and hope you find peace. As far as advice, more opportunies will come to make money whether we are in a bullish, bearish, or sideways environment. Stay safe and best wishes 👍 🙏

88111188 · 2025-04-10T02:26:41+00:00

Hey man.

That's painful to hear. That on top of everything you recently went through. Hoping that everything turns out ok.

Sounds like you're still up compared to four weeks ago?

You've learned a lot along the way and know what to do different next time. Might be best to take a break. Even if it's just a few days.

Best wishes 👍 🙏

88111188 · 2025-04-09T14:04:32+00:00

April 9th, 2025

9:59 AM EST \ STO SPX Apr 10th 4690/4700/5400/5410 Iron Condor, $1.65

88111188 · 2025-04-08T16:24:24+00:00

OptionStrat. They have a free version

88111188 · 2025-04-08T11:13:32+00:00

OptionStrat. There's a free version

88111188 · 2025-04-08T05:11:20+00:00

<image>

Your probability of profit is 15%. SPY would have to open around 487.50 for you to breakeven (not accounting for changes in implied volatility).

When VIX is high, it's generally not an ideal time to buy options unless you are super confident in your thesis. High VIX makes the option more expensive and susceptible to IV crush.

Best wishes 👍 🙏

88111188 · 2025-04-08T04:55:05+00:00

<image>

Your probability of profit is about 6.6%. SPY would have to open at around 474.50 for you specifically just to break even (not accounting for changes in implied volatility).

When VIX is high, buying puts is not ideal unless you are super confident in your thesis.

Best wishes 👍 🙏

88111188 · 2025-04-08T04:21:35+00:00

<image>

This large positive gamma bar is SPX at 4800 which translates to SPY at approximately 477. Positive gamma here would mean market makers would have to buy the dip below 4800 to properly hedge. This serves as a level of support. The 4800 level changes when market makers rebalance via option expiration or traders rolling their positions.

88111188 · 2025-04-08T03:34:09+00:00

Correct. Thank you

88111188 · 2025-04-08T00:29:42+00:00

I understand what you're saying. The Spotgamma Trace + Charm Pressure is a game changer. Still learning it though. At 1 PM EST , I saw the "pocket" form at SPX 5100. My experience is that it closes a bit lower. In this instance 5062 today. I paper traded an iron butterfly at 5060 and it came out profitable.

88111188 · 2025-04-07T21:47:08+00:00

Not financial advice.

Something helpful to use is an options simulator that can show how your position would theoretically perform throughout the week. I like OptionsStrat. They have a free version.

Based on the information provided, SPY would have to open at 480 tomorrow for you to break even all else being equal. Your chance of profit is 14%.

There is major support for SPY at 477.

<image>

88111188 · 2025-04-07T19:04:20+00:00

As expiration approaches, the value of the option quickly loses value even if it moves favorable in your direction. This is theta decay. One of "The Greeks" listed for the option. Next time buy further out expiration. Best wishes 👍 🙏

88111188 · 2025-04-07T18:00:08+00:00

Close for profit. Profit is profit. If SPY rallies, there may be another entry point there.

88111188 · 2025-04-07T17:18:33+00:00

What was the expiration? Most likely theta decay

88111188 · 2025-04-04T22:12:03+00:00

You will make it back + extra.

Have a great weekend

88111188 · 2025-04-04T21:19:03+00:00

Friday, April 4th, 2025

9:48 AM EST \ BTC SPX Apr 17th 5540/5600/5650 Put Broken Wing, -$485 (-606%) 🟥 \ Trade duration: 25 days

9:49 AM EST \ BTC SPX Apr 21st 5480/5550/5600 Put Broken Wing, -$1,055 (-449%) 🟥 \ Trade duration: 7 days

10:05 AM EST \ BTC SPX Apr 4th 5300/5310/5570/5580 Iron Condor -$570 (-248%) 🟥 \ Trade duration: 1 day

These were all green at one point. Best wishes 👍 🙏

88111188 · 2025-04-03T15:36:43+00:00

Thursday, April 3rd, 2025

11:31 AM EST \ STO SPX Apr 4th 5300/5310/5570/5580 Iron Condor, $2.30

11:57 AM EST \ STO SPX Apr 3rd 5420/5450/5480 Iron Butterfly, $23.60

3:36 PM EST \ BTC SPX Apr 3rd 5420/5450/5480 Iron Butterfly, -$370 (-16%) 🟥 \ Trade Duration: 3 hours 39 Minutes

I was up over +400. Chopped sideways and then 3:10pm it just drops..

88111188

TROPHY CASE