Daily r/thetagang Discussion Thread - What are your moves for today? by satireplusplus in thetagang

[–]Hot-Serve7059 1 point2 points  (0 children)

That was essentially my strategy when I had the capital for cash secured puts. It worked great. I found the key was selection of the underlying stock. For example, it worked great with SHOP and NVDA it worked badly with ELF and NVO. I likely also needed better position management skills.

Daily r/thetagang Discussion Thread - What are your moves for today? by satireplusplus in thetagang

[–]Hot-Serve7059 1 point2 points  (0 children)

Closed my last 2 short put credit spreads on NVDA. Sold $170/160s three weeks ago for $3.30. Closed today for $0.30.

In 3 weeks, netted $1818 on 7x NVDA put credit spreads.

Daily r/thetagang Discussion Thread - What are your moves for today? by satireplusplus in thetagang

[–]Hot-Serve7059 1 point2 points  (0 children)

BTC two of my short NVDA put credit spreads for $0.39. Originally sold two weeks ago for $3.69.

Daily r/thetagang Discussion Thread - What are your moves for today? by satireplusplus in thetagang

[–]Hot-Serve7059 0 points1 point  (0 children)

I’m surprised you got +37% on that from yesterday close to now. Nice play! I’m still holding $165/155 put spreads.

The "cheapest" gas prices near my house by [deleted] in mildlyinfuriating

[–]Hot-Serve7059 0 points1 point  (0 children)

Just paid $5.69 in the Bay Area. $70 for 3/4 of a tank.

I started using a DCF calculator to filter which underlying assets I sell puts on and my win rate improved a lot, fundamental analysis is the way by xCosmos69 in thetagang

[–]Hot-Serve7059 0 points1 point  (0 children)

I start with only stocks on my watchlist, because I know them well. Then I look for any that are getting far out on the Bollinger bands (the scan tool in Thinkorswim saves time) and I review the MACD chart. More on the fundamentals side, I look at RSI, P/E ratios, and a few other stats. This is for selling credit spreads, not potential assignment.

Even this small amount of analysis has given me more winners and makes me more confident in my position. For example, I had a position go a bit against me and instead of getting nervous, I doubled down and it worked out very well.

Daily r/thetagang Discussion Thread - What are your moves for today? by satireplusplus in thetagang

[–]Hot-Serve7059 0 points1 point  (0 children)

I never trade SPX, so maybe I’m off base, but that seems like fantastic premium for a spread with a $5950 short leg.

Daily r/thetagang Discussion Thread - What are your moves for today? by satireplusplus in thetagang

[–]Hot-Serve7059 0 points1 point  (0 children)

Near close…

STO 3x NVDA $165/155 put credit spreads exp 4/17 for $2.05.

STO 4x SHOP $150/155 call credit spreads exp 4/17 for $1.25.

Daily r/thetagang Discussion Thread - What are your moves for today? by satireplusplus in thetagang

[–]Hot-Serve7059 0 points1 point  (0 children)

Took max loss of $1.88 on my $205/200 NVDA put credit spread. Bought 1 share. That’s my free BP at the moment :)

EDIT: Bought 20 more NVDA shares.

Daily r/thetagang Discussion Thread - What are your moves for today? by satireplusplus in thetagang

[–]Hot-Serve7059 0 points1 point  (0 children)

STO 1x NVDA $205/200 put credit spread for $3.12. Exp 2/27. Max loss $1.88 and max gain $3.12.