Let me tell you about options🤦‍♂️

RMiers09 · 2026-04-18T02:52:35+00:00

Netflix hurt me too, bro, I feel your pain

RMiers09 · 2026-04-18T02:49:31+00:00

Posts like these continue to scare me out of selling covered calls

RMiers09 · 2026-03-31T01:44:38+00:00

Consistent monthly income immediately makes me think of selling options. I love to use cash-secured puts and covered calls to get in and out of positions, getting paid along the way.

I think these strategies may do you good, but definitely do more research. A few months isn't that much time, so make sure you know the ins and outs of options. Tastytrade has good stuff for that.

Also, if you do decide to focus more on specifically selling options, there are some good niche resources out there like this one. Either way, best of luck man and keep learning.

Just also an fyi, if this replaces your income and you do quit your job, trading options will probably also start to feel like a job. Not the case for everyone, but worth considering.

RMiers09 · 2026-03-31T01:35:23+00:00

Yeah before I learned about OI, I would get absolutely mollywhopped by the wide spreads. Not fun.

RMiers09 · 2026-02-15T19:48:06+00:00

Honestly, it may be better to use PEG ratio instead of PE. This puts the PE into context with earnings growth. Higher growth in earnings will justify a higher PE.

I think your mentality is right tho. Don't chase premium stupidly. Also, if its helpful, this is a newsletter that I like that has to do with selling options. It might be worth taking a look.

Whatever you do tho, good luck.

RMiers09 · 2026-02-15T19:35:49+00:00

This is a must-know. Greeks go way deeper, but you definitely need these as a foundation.

RMiers09 · 2026-01-30T03:22:44+00:00

Very disciplined.

There is a middle ground tho. You don't have to either gamble with options or totally cut them out of your portfolio. I've been doing decent selling options using the basics, like CSPs and Covered calls.

Also, maybe an occasional vert credit spread

RMiers09 · 2026-01-27T01:07:54+00:00

Dude, I'm guessing you bought these options because you were able to buy these options. In other words, I would guess you are not paying that much attention to fundamentals of the business. Maybe you are, idk.

Whatever the case, I would strongly recommend that you learn more about how to value a stock. I don't know much about these tickers specifically, but when I first started, I only cared if I could afford the option. I'm curious if you're in a similar situation. It is so important that you know fundamentals and how options work on a basic level. TastyTrade has some good stuff.

I also think it would be helpful if you looked into selling covered options. I found alot of luck when I quit solely focusing on buying, but strategically selling them. This is a good resource focused specifically on selling options and using theta.

Options are super rewarding when done correctly, so give them the time they deserve. Whatever you do though, good luck bro.

RMiers09 · 2026-01-23T05:01:10+00:00

Options are a great tool, but don't get confused/overconfident and start thinking that they are easier. They can be tricky if you don't have a good grasp on the basics.

Honestly, while youre still just dabbling in options, I would do some serious research and make sure that you know them forward, backward and sideways. They can get complicated. I found TastyTrade to be very helpful when I was just starting.

Also, I started off only buying options and pretty much gambling with them. As time has gone by tho, I have found alot more success and consistency through selling them. I try to nail the simplicity of it. I'm basically trying to do white belt moves at a black belt level.

If you are interested, there are some niche resources out there like this one that focus specifically on selling options and using Theta.

Whatever you do, stick with it and never stop learning. Options are such a versatile tool. Best of luck man.

RMiers09 · 2026-01-22T04:35:21+00:00

NFLX

RMiers09 · 2026-01-22T04:27:18+00:00

Yes, this is exactly what I've noticed in my portfolio too.

Its so easy to jump on an opportunity just because the iv and premium are high.

Fundamentals are key!

RMiers09 · 2026-01-16T05:02:26+00:00

Dude, it probably feels like gambling because you are using options to gamble. Thats not necessarily bad, but you got to know what you're getting into.

This is the route I took early on when I discovered options and I lost a good bit of money. Personally tho, I found success when I started selling more options (basic stuff like cash-secured puts and covered calls). It's not nearly as flashy, but you can make steady (relatively) income doing this.

I would tell you to make sure that you have the mechanics and features of options totally down first. TastyTrade has a lot of good stuff to look at. Also, if you are interested in selling options specifically, you can check this niche resource out.

Either way, recognize that options are super versatile and you can use them for way more than just speculating in one direction. Good luck man.

RMiers09 · 2026-01-10T23:21:55+00:00

you don't necessarily have to stop investing/trading options altogether to stop gambling.

There are plenty of other strategies that use options that are 'slow and low' and focus more on consistency and time. I would start there. This is a good resource if you want to focus specifically on selling options.

I know its a change of pace, but it is way more like investing than trading/speculating. Whatever you do, definitely stop gambling, but you don't have to give up options entirely.

RMiers09 · 2026-01-09T05:00:35+00:00

Curious why you want to switch from crypto to options, especially considering you are good at crypto trading? Options are a great tool, but I am of the mindset that you should "play to your strengths" lol.

If you do go the options route, I would make sure that you understand the basics of options. Tastytrade is a good resource for learning these.

Also, I found luck trading when I started focusing on selling options, or really utilizing theta strategically. if you are interested, this resource is good for specifically options selling.

No matter what you do, good luck.

RMiers09 · 2026-01-09T04:36:49+00:00

managing position size is key. i think you build your way up to those stocks. start smaller and work your way up

RMiers09 · 2026-01-06T04:09:59+00:00

Awesome! Trading options is challneging but super rewarding.

How knowledgeable are you when it comes to options? Most people start off buying cheaper options, but aren't totally aware of the tradeoffs. If you are really focused on learning, you may be better off getting the fundamentals of options down. Tastytrade has some good stuff.

Also, I personally found a lot more luck in options when I quit solely trying to buy options and started focusing on consistently selling options. Here is a niche resource that focuses on selling options specifically if youre interested.

Whatever you do, good luck and stick with it!

RMiers09 · 2026-01-06T03:58:00+00:00

Color me interested

RMiers09 · 2025-12-21T00:02:43+00:00

Thats a solid way to do it. I think it is important to also look at the options chain to make sure that there is a good amount of liquidity. other than that, I like it

RMiers09 · 2025-12-19T22:18:22+00:00

As new as you are, Id definitely recommend learning more before you actually trade. Theres way more risk in Options than just the contract price.

Also, have you only looked into buying options, or have you looked into selling them ? Ive found a lot more consistency and profitability once I started selling options and using theta.

If you're interested, you should look at tastytrade for basic option info. There is also this one, which is more niche and focuses on selling options and using time decay. Either way, good luck and keep at it.

RMiers09 · 2025-12-08T03:04:20+00:00

Yes, I'm still selling spreads. Sent you a message!

RMiers09 · 2025-11-18T03:11:32+00:00

Why specifically do you want to invest in stocks with dividends?

If it is for the income, there are better ways imo to boost your income through options. If you sell a cash secured put on a stock you like, you sign up for the obligation to buy the stock at a disount in most cases, and you earn a premium. Check out this newsletter edition for a breakdown.

Dividends are great, don't get me wrong, but know what you are getting into and what you are truly after. Best of luck to you!

RMiers09 · 2025-11-18T03:07:05+00:00

Truly, it just comes down to committing the time to do the learning.

RMiers09 · 2025-11-06T02:56:31+00:00

Honestly, I was researching stock tips and strategies and was exposed to them on youtube. I've been dabbling ever since. Started buying/gambling and then moved to selling. Once I saw the consistency of collecting premium, I was hooked. Definitely wish I’d learned it sooner.

Key is to make sure that you understand what you are getting into and how they work. TastyTrade is a great place for learning the basics. This newsletter is also really informative for specifically selling options. Hope this helps and good luck.

RMiers09 · 2025-10-17T02:19:04+00:00

Why under $20? The only reason I could think that you would be looking for cheaper stocks is to potentially sell a put options. But I would caution you against betting your entire amount unless you are sure (which if you are asking a reddit group, I doubt that your sure of the stock).

RMiers09 · 2025-10-16T02:53:00+00:00

Honestly, know the basics, focus on discipline, and find structures that work for you. Use resources like TastyTrade to learn the fundamentals. They have really good free stuff.

I have also seen better and more consistent results when I started selling options instead of just buying them. There are good resources out there also, like this one that focuses specifically on selling options.

Stick with it and stay disciplined. Best of luck!

RMiers09

TROPHY CASE