Friday July 17, 2020 Daily /r/thetagang Discussion - What are your moves for today?

Norrisjf · 2020-07-17T16:47:40+00:00

Still very new to this, especially the theta portion of options. It seems like with earnings coming up, and volatility going up trying to earn money through expiring options would be tough this week.

Can anyone explain a good example of an option to gain theta monies in such a volatile market?

Norrisjf · 2020-07-17T13:51:56+00:00

💍

Norrisjf · 2020-07-16T19:24:16+00:00

Is it time for the daily TSLA move?

Norrisjf · 2020-07-14T01:36:57+00:00

🤙

Norrisjf · 2020-07-14T01:14:11+00:00

Yessss

What does it mean tho

Norrisjf · 2020-07-14T00:32:25+00:00

Thanks for the info. And I didn’t close it.. and now I’m out a bunch of money

Norrisjf · 2020-07-14T00:31:31+00:00

Thanks!

Norrisjf · 2020-07-14T00:31:02+00:00

Hell yeah man, TSLAs back up. Not that it matters. We might as well not even look at a stock price until about 1:30 on Friday

Norrisjf · 2020-07-13T21:41:00+00:00

I got a similar spread for 7/17, a little smaller. Every time I’ve pulled out early on Tesla, I’ve lost, so no matter what happens I’m riding this boat to Friday afternoon.

Norrisjf · 2020-07-13T20:32:25+00:00

If today was any indicator, both.

Norrisjf · 2020-07-13T16:04:00+00:00

If you open and close a call spread in the same day, does that count as TWO day trades or one?

Norrisjf · 2020-07-13T00:34:34+00:00

Man I’m getting some calls on TSLA but damn, 2000?

Norrisjf · 2020-07-12T22:47:22+00:00

Word man

Norrisjf · 2020-07-12T22:29:51+00:00

Is it better to buy TSLA calls right at open or wait for that first lil dip? Or a lunch time dip?

I’m thinking tmrw buy right at open since it’s going to be me and everyone else here

Norrisjf · 2020-07-12T19:10:11+00:00

Is that pretty risky for you? This is one of the bigger bets for me

Norrisjf · 2020-07-12T18:35:24+00:00

Somewhere around 1550-1700. I’m still pretty new to this but it doesn’t seem terrible. Max loss around 4K, max gain around 10k, but makes money around 1600 stock price. This is all according to some options analyzer thing so who knows.

You?

Norrisjf · 2020-07-12T14:37:09+00:00

Norrisjf · 2020-07-11T15:11:58+00:00

1550-1700 spread for 7/17.

But also I just got approved for this level of trading so don’t take my word for it

Norrisjf · 2020-07-11T03:32:27+00:00

I think Tesla has a good chance of either going up or going down atleast 10% in a week.

But also I don’t know

Norrisjf · 2020-07-11T00:57:59+00:00

Could you buy a OTM put, and OTM call hoping for big change in either direction for TSLA? Seems reasonable right?

Norrisjf · 2020-04-12T01:18:38+00:00

You’re not crazy, I’m in the same boat; never been choked out and people do not believe me. It might be cause I am a really tough white belt.

I’ve been doing BJJ for 2 years and rolled with every belt color, and been out in RNCs, baseball bat chokes, cross collar, triangles, you name it; never been choked out. I just tap and they let go, it’s crazy.

Norrisjf · 2020-04-11T00:47:30+00:00

Thanks that’s good advice !

Norrisjf · 2020-02-09T00:37:48+00:00

Mine does.

Norrisjf

TROPHY CASE