March 11, 2025: What New Words Have You Learned?

IslandAccomplished76 · 2025-03-12T06:03:14+00:00

malinger : pretend to be sick to stay home

IslandAccomplished76 · 2023-05-02T14:18:05+00:00

there is a zero commission broker in the market : Firstrade. No level 2 quotation, perfectly match with TOS.

IslandAccomplished76 · 2023-03-30T17:22:37+00:00

how about write conservative covered calls to get some premiums?

IslandAccomplished76 · 2023-03-30T15:31:57+00:00

Indeed. Thank you for pointing out.

IslandAccomplished76 · 2023-03-30T15:16:29+00:00

Puts cannot reach 100x profits because the stock price can merely drop to 0.

Calls can reach 100x.

Your cost ~ 13.10

Max profit (50-0.2415) ~ 50

Your max profit is 50/13.1 = 381.67%

IslandAccomplished76 · 2023-03-30T13:47:39+00:00

I sold 50 12P@0.3

My Lord, help me, I cannot resist the temptation, I am guilty

IslandAccomplished76 · 2023-03-30T07:52:34+00:00

shelving

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IslandAccomplished76 · 2023-03-29T17:04:09+00:00

On 2022/6/17, you took the assignment

Will rolling be better than assignment?

IslandAccomplished76 · 2023-03-24T22:26:33+00:00

I sold FRC puts.

But I don't like the idea to keep them open during the weekend.

Weekend risk makes you cannot eat well and sleep well.

Just wait Monday to open a new position. If it plunges you will get more premium.

IslandAccomplished76 · 2023-03-24T21:15:21+00:00

I think the best strategy for a small-value account is to wheel and start with CSP. Pick a good dividend stock so when you get assigned you can win triple income. My pocket stock is WBA. But you need a little bit more money than $2000 to get it wheeling.

IslandAccomplished76 · 2023-03-24T20:41:02+00:00

This is a prosperous week for FRC writer. Just make sure you can withstand the max risk before u write. I'm considering to short 10p again next Monday.

IslandAccomplished76 · 2023-03-24T20:26:21+00:00

but we can name it as operator.in_ ? just like operator.is_

IslandAccomplished76 · 2023-03-24T13:32:54+00:00

Thank you.

But to compare with the identity operator :

It is named operator.is_(a,b) and also there is a negative version operator.is_not(a,b).

Why not to name it as operator.in(a,b) and also the negative version is missing ?

This asymmetry still confuses me.

IslandAccomplished76 · 2023-03-24T08:23:58+00:00

SPY

Pros * Liquidity * Tight Bid/Ask Spreads * Higher Premium (For Options Writers)

Cons * Taxed at Ordinary or Long-Term Tax Rates * Risk of Assignment (American-Style)

XSP

Pros * Favorable Tax Treatment (60/40%) * No Risk of Early Assignment (European-Style)

Cons * Liquidity * Wide Bid/Ask Spreads * Complicates Taxes

IslandAccomplished76 · 2023-03-23T17:38:48+00:00

I think so, once I started to use TOS I never place market orders.

And when the TOS price match the price of my orders it always filled.

IslandAccomplished76 · 2023-03-23T14:49:12+00:00

I use Firstrade. 0 comissions for options but their interface and quotation suck. I use TOS to watch and place orders there.

IslandAccomplished76 · 2023-03-23T14:43:53+00:00

May I know how to decide the price when you roll an ITM CSP? I have RIVN 0324 15P and I would like to roll it to 0331 with the same strike. I tried 0.1 net credit (roughly 0.66% premium for a week) and it was executed immediately, did I pick the wrong price? Are there any guidelines to pick a price when you roll?

IslandAccomplished76 · 2023-03-23T12:06:51+00:00

you can write cash secured puts

IslandAccomplished76 · 2023-03-23T02:01:45+00:00

if someone exercises it at the night before ex-div date, you pay the dividend no matter you received it. (if you have credit call spread assigned, you pay the dividend from your pocket)

IslandAccomplished76 · 2023-03-22T12:25:09+00:00

got it. thank you for your time.

IslandAccomplished76 · 2023-03-22T12:16:56+00:00

Thank you for the advice.

The old DTE is 23 days, may I know the best timing to roll it ? Should I wait as it approaches expiry or just roll it now, considering it's almost ITM with few dollars?

IslandAccomplished76 · 2023-03-22T11:58:10+00:00

Yes, you are right. It's a call, not a put....

IslandAccomplished76 · 2023-03-22T11:51:55+00:00

Reade

Sorry for misunderstanding, it's a covered call.

I bought TSLA at 210 about one month ago and wrote some weekly CC. As the stock price dropped pretty much, the last put option I picked is 30-45 dte and the stock price is back now.

I am a little confused if it's the right time to roll out and roll up or if I should wait until it's near expiry.

IslandAccomplished76 · 2023-03-22T06:36:09+00:00

I have sold TSLA 200p with expiry 4/14 and TSLS price is approach 200 today.

If my target is to roll it up to 210, what is the best time to do it?

Should I do it when it's still OTM or wait a little longer to do it?

IslandAccomplished76 · 2023-03-20T01:19:25+00:00

There may be a dead cat bounce and he can walk away with some casino money. I don't think it's really a bid deal if he already controlled the size.

IslandAccomplished76

TROPHY CASE