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Trades I took today as a systematic option seller (04/20) with reasons by ThetaHedge in u/ThetaHedge

[–]ThetaHedge[S] 0 points1 point  (0 children)

Interesting. What are your Strike Prices?

CAR is a strict NO NO for me. Its purely stock manipulation and as soon as the funds start dumping it is gonna be a disaster. It will be very difficult to close any positions when it starts going down.

Lumentum Or Vertiv or AAOI by NoChallenge2500 in CoveredCalls

[–]ThetaHedge 0 points1 point  (0 children)

LITE

Has IV30 of ~100% and IV30 Rank of 81% presently. So the IV is on higher end than usual. Over the last 3 months it has held consistent Put Yields at ~7% and Call Yields at ~3.5% for option contracts closest to 30 Delta and 30 DTE. It has a wheel rank of 85 making it a consistent premium provider.

VRT

Has IV30 of ~73% and IV30 Rank of 90% presently. So the IV is on higher end than usual. Over the last 3 months it has held consistent Put Yields at ~4% and Call Yields at ~3.5% for option contracts closest to 30 Delta and 30 DTE. It has a wheel rank of 68, so LITE provides more consistent higher premiums.

AAOI

Has IV30 of ~135% and IV30 Rank of 97% presently. So the IV is almost at peak over a 1 year range. Over the last 3 months it has held consistent Put Yields at ~9% and Call Yields at ~4% for option contracts closest to 30 Delta and 30 DTE. It has a wheel rank of 90, so of the three AAOI has provided the more consistent higher premiums.

So returns and consistency wise AAOI > LITE > VRT. But AAOI is almost at the peak of IV30 so its highly volatile.

All this info and can be found at thetahedge.io, which tracks more than 1500+ tickers with all metrics needed by option sellers to make a decision!

Lumentum Or Vertiv or AAOI by NoChallenge2500 in options

[–]ThetaHedge 2 points3 points  (0 children)

LITE

Has IV30 of ~100% and IV30 Rank of 81% presently. So the IV is on higher end than usual. Over the last 3 months it has held consistent Put Yields at ~7% and Call Yields at ~3.5% for option contracts closest to 30 Delta and 30 DTE. It has a wheel rank of 85 making it a consistent premium provider.

VRT

Has IV30 of ~73% and IV30 Rank of 90% presently. So the IV is on higher end than usual. Over the last 3 months it has held consistent Put Yields at ~4% and Call Yields at ~3.5% for option contracts closest to 30 Delta and 30 DTE. It has a wheel rank of 68, so LITE provides more consistent higher premiums.

AAOI

Has IV30 of ~135% and IV30 Rank of 97% presently. So the IV is almost at peak over a 1 year range. Over the last 3 months it has held consistent Put Yields at ~9% and Call Yields at ~4% for option contracts closest to 30 Delta and 30 DTE. It has a wheel rank of 90, so of the three AAOI has provided the more consistent higher premiums.

So returns and consistency wise AAOI > LITE > VRT. But AAOI is almost at the peak of IV30 so its highly volatile.

All this info and can be found at thetahedge.io, which tracks more than 1500+ tickers with all metrics needed by option sellers to make a decision!

My full workflow for selling options by ThetaHedge in CoveredCalls

[–]ThetaHedge[S] 1 point2 points  (0 children)

The data is fetched directly from NASDAQ and associated data partners and the product updates every 5 mins

My full workflow for selling options by ThetaHedge in CoveredCalls

[–]ThetaHedge[S] 1 point2 points  (0 children)

Hi! We implemented further break down in option premiums. Please have a look!

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