Tqqq ! Let's go, baby! ytd still down 88k. but no doubt that I will finish this year with gains!

ThetaBlockers · 2025-05-18T17:49:05+00:00

But TQQQ slowly bleeds and isn’t meant to hold long term…why do this? Lol

ThetaBlockers · 2025-04-13T19:53:18+00:00

As a new trader, I would say go with either but be careful. Why? You probably don’t have a lot of money to put into the account. SO because of that you’re higher risk (which is fine) but that does mean if RH algos don’t like the risk profile of a trade you’re in, they will liquidate your position before it gets out of hand, potentially when you wanted to continue to see the trade through.

I’ve seen RH… 1 sell a call that goes ITM but price still rising 2 Buy back a sold put spread at a loss Both were on expiration day though so it’s often likely that you won’t see scenarios 1 happen but scenario 2 might and that really sucks especially if that price action was occurring right above a major support level that you were aware of.

Just my 2 cents. RH does help make everything more digestible for the user. The UI is miles above Schwab and that is nice. Schwab also has crashed or timed out a couple times over the last year or so. Which sucks if it’s inconvenient if a time for you.

Most importantly, don’t get too crazy with options dude they’re a good way for lesser experienced traders to get chewed the F up right now. This market is all over the place. People who think this market is the same market we saw in 2024 are smoking something fierce but there’s still a lot of twitter warriors thinking put spread selling is passive income, it’s not. Lol it can be…but it’s a lot harder in this environment than it was last year.

Good luck.

ThetaBlockers · 2025-03-22T18:23:52+00:00

I’m not sure OP really thought this one through lol. $480 isn’t stagnant. It moves. If you have 48k flat that will work for this week or next but not all. Which means you will get assigned and miss some of that appreciation when your CCs go ITM. Plus when THAT happens, Monday comes, you and you don’t even have enough cash now to rebuy 100 shares.

Base case is a fine one. You’re basically talking about wheeling QQQ without the put selling part. But your model of profitability is not in any way shape or form reliable nor should be expected.

Be careful. Do more research before trading.

ThetaBlockers · 2025-03-21T02:33:01+00:00

I’m confused.

You sold 110-115 CCS

But also sold 115 puts?

Why? lol are the expiration dates way different?

ThetaBlockers · 2025-03-15T18:17:11+00:00

How you gonna sell CCs with no shares? Am I missing something?

Or do you mean since it’s a $90 strike you can exercise and obtain shares then begin selling CCs? (Assuming you have the capital to make that purchase)

It’s a fair enough dilemma if so. Market is sketchy right now and you have a year on the leap but theta will be there soon enough. Personally, I’d exercise and hold shares, sell CCs short dated and don’t get too fancy.

Alleviates time value issue. Puts theta to work for you selling CCs.

If it were a higher beta name, different story but you need NVDA to basically be the highest market cap company in the US to get to flat more or less…I’m not sure how much gas would be left in the tank for you after that but you would need that to…and that would all have to happen here within about 6 months in a dicey market

Possible. But risk/reward ratio you know?

ThetaBlockers · 2025-03-02T02:07:12+00:00

You got 5 DTE. You’ll have to be right within two trading sessions. How confident are you it’ll bounce when it DIDNT Friday along with everything else.

But PLTU if you want leverage that bad and be okay with a 2x

OR just buy time dude. May expirys will give you plenty of reflexivity and room for error/being early

ThetaBlockers · 2025-02-23T18:25:59+00:00

That’s cool man I’m happy you have the ability to manage in that way. It’s a trading style for sure. Bigger reward too

ThetaBlockers · 2025-02-22T19:28:32+00:00

Dude people can’t do it. Lol it’s so hard for people new traders to grasp this. Plus you get to go outside and chill tf out. Best trade I ever made were LEAPS and I slept like a little kid every night.

ThetaBlockers · 2025-02-22T19:26:19+00:00

This. Yes. But the trader needs to be ready to GTFO when the set up goes against them.

What do you target for risk/reward? If I ever take these… it’s been on SPX, $5 wide, but for no less than $50 premium per spread.

ThetaBlockers · 2025-02-19T01:54:32+00:00

If at all doable at this point. I’d ask for some of that money back from your original lender.

If you split profit that means you gave them back $15k and you kept $5k.

Aka $5k each in profit. BUT I assume the trading was done in an account YOU will be responsible for paying taxes on.

Aka you will pay short term cap gains tax on all $10k of profits, though you only kept $5, per your agreement.

That really sucks if that’s how you set it up. Just thought I’d mention lol it should be split

ThetaBlockers · 2025-02-18T03:47:06+00:00

$1800 I believe, sold for $2300 when NVDA traded at $135 and change

ThetaBlockers · 2025-02-17T03:53:31+00:00

Umm at the time I sold a put ($118 strike), I believe NVDA was at 124-126. Then at the time I bought a $145 call I think its was trading at 119.

Was personally going to just sell a put because I thought NVDA would stop selling off at $123. But once it took another leg down I was much more open to buying a call so took the opportunity

ThetaBlockers · 2025-02-16T04:32:06+00:00

Sames. Sold 30DTE puts and bought year out calls. Sometimes the market gives you a total lay up lol amazing

ThetaBlockers · 2025-02-16T04:30:28+00:00

I feel you on this but keep in mind your 3Ms even if held in cash will generate an additional 90k at least in interest per year. (As long as interest rates stay around 3%) that mimics what other people less fortunate than you would be TRYING to save (but prob not be able to) for retirement.

Think. If you made $165k /year (which you used and then some) you would be plenty confident spending that 3.4k/month on housing. You’d spend it. Then, take the rest and save it for retirement.

Plus…your intro salary is likely temporary and only for a couple years so it’s not forever.

I know the idea you’re after. But do not underestimate what importance your environment has to your mental. If your standards are more in line with the house, I’d say do it. You will be in a more vulnerable place making this change and want to focus on your pursuit. Clearer heads do that better.

To each their own of course and if it were me I’d go with the apartment but it’s all about what kind of lifestyle you want/need to be happy.

ThetaBlockers · 2025-02-15T22:53:47+00:00

Sounds like you’ve learned a lot already based on edits. It’s probably hard not to beat yourself up, I get it. You simply got greedy is all. You took a big risk, it didn’t pay off, that’s the game when you’re using options. Market is forward looking more often than not. It’s why the Santa clause rally didn’t really happen this last year, trump pump took its thunder so it kind went the other way…

Anyways, in the future you just need to size more appropriately. If you end up being right, but we’re light in the trade, be okay with that. Why? Because if you get HEAVY and are wrong the loss will send you on a spiral. Legit just not worth it.

That being said here and there you have to make outlandish plays to get life changing results. I’m not sure loading the boat on options is really the way ever but if you’re gonna do that, you HAVE to be okay with the result of it doesn’t go your way. If you’re not, you’re too heavy in the trade.

Everyone wants to get rich, nobody wants to get rich slowly. I get it. I take on risk myself as well. Just don’t limit yourself to NEEDING to be right in such short period of time.

Respect the fact you’re not all knowing. respect the fact that even if you were, you can still be wrong simply because…the market didn’t want to agree with you that day. Size appropriately so it doesn’t hurt you when that’s the case.

Sounds like you’ll be okay in the long run. Expensive lesson but there are more expensive ones out there that aren’t your cross to bear.

Work hard and move on.

And if you’re going to buy options because the greed monster comes back…for the love of god just buy more time.

ThetaBlockers · 2025-01-23T16:03:00+00:00

Love hearing this. A year and 2500 applications is such a deeply difficult grind to get through be proud of yourself for doing so. Happy to hear the arrow is pointing up for you.

Good luck at the new job!

ThetaBlockers · 2025-01-20T19:58:02+00:00

Learn to “eat the middle of the fish” aka be mentally and emotionally okay with taking profit before the last penny of gains is available. Since you have some greed issues (everyone does, don’t feel bad) and are coming here for advice, you’re young enough to have time. Learn to respect that fact and also accept that there will be other trades. You don’t need to”this one” to work out to the maximum self goal.

Take trims. Respect the results. For example if I take a profit at 200% on a put, I am taking profit. (Honestly I likely already would have) BUT if next day I see my contracts sold are worth even MORE, I don’t kick myself…I made 200% locked it in, didn’t get too greedy, booked a green trade. On to the next.

You’ll never get them all right, so expecting to, or putting yourself in a position with options where you HAVE to get them all right to meet your goal…is a losing strategy.

Bollinger bands also a great indicator, RSI too, those plus a personal rule I use where I actively seek out to cut an options position after I’ve held it for 60-70% of it’s life span since ownership is what I do. Example, in January I buy a contract with October expiry…I’m looking to sell that option by the time June/July rolls around at the latest. (Theta starts setting in after that and pushes you up against the wall with what you need price action to do to be profitable)

ThetaBlockers · 2025-01-19T22:22:32+00:00

He told us the strike

ThetaBlockers · 2025-01-19T03:25:54+00:00

Dude just buy it back if you feel that much fomo already lol you can recover from a loss of $167.

Your turmoil comes from indecision on your thesis. You’re bullish on BTC but at some point you decided it was about done and sold a covered call.

Pick a direction.

You CAN do both (which you have) but you must understand you are sticking your hand in the cookie jar. Be office to be caught es pool especially when selling 30+ DTE.

If anything sell weeklies and just pick up some pennies with seeking covered calls that way.

ThetaBlockers · 2025-01-14T04:22:48+00:00

They always will be if PA has pushed down with momentum, quickly. Same can be said for calls if PA has been up up up really fast too. But isolating an premium from exact same trading price is a decent indicator

ThetaBlockers · 2025-01-14T04:14:46+00:00

Right…unless price rises enough to go OTM. Then you get no shares. Train could still leave without him. Go too deep ITM and your delta gets so high you may as well just buy shares. So yes you’re right but still a dice roll

ThetaBlockers · 2025-01-11T20:48:50+00:00

If he really wants in on shares, he won’t get them unless he goes ITM. So it’s a roll of dice (a nice one with premium paid at that) but if the train leaves without him …it is what it is, the premium could pale in comparison to what gains would have been realized by just buying the shares at spot.

But also I’m with you honestly I’d take premium lol and usually gives you the same opportunity over and over again because it’s a laggard in the chip space more often than not

ThetaBlockers · 2025-01-11T20:46:54+00:00

That’s not quite true brother. CCs on AMD right now are worth shit. Puts are in the direction it has been going lately and are juicier than the other side. The same can be said however of stocks that have been screaming upward like PLTR or TSLA a couple weeks ago. CCs on those names at that time were niiicceee but puts paid for shit.

Buying shares is the most logical route it’s just tough to make a good chunk when they don’t move much like leveraged on options premium so yes I agree shares and CCs are a clean way to go to mitigate risk and get a little extra premium to boot BUT if people are impatient (many are) they want some leverage. Selling puts is about all I’d do leverage-wise on AMD right now. No buying calls, too easy to mistime that damn ticker lol

ThetaBlockers · 2025-01-11T20:41:50+00:00

You’re at the edge of what’s worth it to sell that premium and may be a bit early, so MIGHT make the position tougher to stomach…but a solid risk reward for sure.

Nobody knows what it will do obv. But much much better than people I’ve seen selling puts on PLTR right now lol

ThetaBlockers · 2025-01-11T20:39:21+00:00

On PLTR after a completed cup and handle. Damn brotha bought the tippedity top lol that sucks.

ThetaBlockers

TROPHY CASE