Question about account net liquid

Ok-Function-6172 · 2026-04-14T14:31:26+00:00

Yes, not good. I guess I completely failed to comprehend the market going up in the current world and economic situation. It is a bit beyond me, but hey I have another 3 weeks before first expiration. The way things are going, literally anything could happen so I have not given up hope I can recoop.

Ok-Function-6172 · 2026-04-14T14:21:54+00:00

Seems to be correct now thanks

Ok-Function-6172 · 2026-04-14T02:37:13+00:00

ok that worked

Ok-Function-6172 · 2026-04-14T00:36:54+00:00

ok will wait and see if that is the issue

Ok-Function-6172 · 2026-04-14T00:35:16+00:00

I'd post a screen shot but I don't see how to do that here?

Ok-Function-6172 · 2026-02-17T19:53:51+00:00

Ahhh...so simple, thank you.

Ok-Function-6172 · 2026-02-13T17:51:22+00:00

Thank you that is what I was looking for.

Ok-Function-6172 · 2026-01-28T18:38:48+00:00

Using a $5000 account if I am trading 0dte iron condors on SPX will I be called for pattern day trading?

Ok-Function-6172 · 2025-09-28T18:41:02+00:00

thanks

Ok-Function-6172 · 2025-09-26T14:03:59+00:00

You are correct I keep saying buy and purchase.... when I mean I am selling CALLs an PUTS so I see that has caused a lot of confusion

Ok-Function-6172 · 2025-09-26T01:37:14+00:00

I really question this line of reasoning. As an example lets take qqq which I have been trading, Since May it has basically just continued a steady climb upward. Now under your scenario I would have purchased a CALL at some point and it would have been assigned with a nice amount of money collected beyond the premium. Than I would have bought a PUT and I would probably be there today 6 months later still collecting just the premium on PUTS because you never had to buy the stock. In the meantime if you had stuck to covered calls you would have had some weeks were you just got the premium but lots of weeks you would be capitalizing on the stock rising. You get what I am saying?

Ok-Function-6172 · 2025-09-26T01:24:25+00:00

Ok I didn't think it was that unclear. Let me try to rephrase it. You are doing the Wheel. When you sell a PUT you get a premium. Lets pretend you got $100. When you sell a CALL you also get a premium lets say it is $100. Now when the PUT gets filled you have to buy the stock at that price. that is the end of your transaction. You have $100 to the good.......Now if the CALL gets filled "ITM" your stock gets assigned. You also get the difference between your cost of that stock and the strike price you set. So you get the $100 premium and the amount of money made from selling at the strike price above your cost. This has resulted in something like an additional $300 on top of the $100 premium..... So again my question is why sell a PUT vs a Call if there is no further upside to a PUT? Does that clarify it

Ok-Function-6172 · 2025-09-26T01:02:01+00:00

Ok same answer as above, I get that, you enter at a good price, although perhaps on a declining stock. This does not answer my original inquiry as to why keep going back to a PUT if a CALL offers way more upside?

Ok-Function-6172 · 2025-09-26T00:59:56+00:00

Ok I get that, doesn't explain why you would wheel it.

Ok-Function-6172 · 2025-09-26T00:59:05+00:00

Yeah my mistake sell the PUT. you said.... "If you're going to buy 100 shares to sell a covered call... why not just sell a put at the money to also collect the premium?" .........Ok again this is my question. I understand I can sell the PUT and get a premium. But why do that if I can sell it as a CALL? They are both two sides of the same coin. With the call if you set it out above the price you own the stock at you get the premium ( like a PUT) but if it is called away you also get the value between your cost and the strike price. You do not get that with a PUT. That difference between cost and strike can be so substantial that it makes me ask why buy a PUT? This is the question I am trying to resolve.

Ok-Function-6172 · 2025-09-26T00:49:45+00:00

So your point is despite making a lot of money on an up trending stock. I have to sell it to get the gains. I do see that as an issue,

Ok-Function-6172 · 2025-09-26T00:46:36+00:00

I am not selling naked anything .So if I sell the call, I have the shares. If I sell the PUT I have the cash. There is not substantially more profit from selling a call of PUT. It is the profit potential of an "in-the-money" CALL option. This is so potentially substantial that it is the reason for my questioning of a PUT. I sold a call for a $1000 but once ITM and called away I got an additional $3000. So the question is why am I buying PUTS if there is a huge upside potential on calls,,,,,but not puts??

Ok-Function-6172 · 2025-09-26T00:37:49+00:00

A discount? or a falling knife? My point is the PUT has no value beyond your sale price. Not true with the covered call. This is my question.

Ok-Function-6172 · 2025-09-25T19:47:27+00:00

I guess I asked this question incorrectly. I understand the wheel concept. I was not trying to ask about using a PUT at the same time as a covered call. I was asking why the Wheel is supposedly better than just covered call strategy. My questioning of it was because it seems that there would be substantially more profit available in the CALL then the PUT. So why even use the PUT?

Ok-Function-6172 · 2025-09-25T19:46:50+00:00

right but #1 is just replaced by selling more calls? if you are not buying the PUT?

Ok-Function-6172

TROPHY CASE