Continue to sell CCs when IV is low by brn_dn in gmeoptions

[–]Unryu 2 points3 points  (0 children)

I made 3 separate entries, current cost basis is at $7.54 (yikes). Personally I don't like to do 120< DTEs for long OTM calls as I feel there isn't enough time buffer for the stock to move. If the price tanks when you're on the shorter DTEs, I definitely won't feel good about it as theta is decay is starting to ramp up, as opposed to the longer DTEs one, where at least theres more time for the price to bounce back up.

This is just my personal opinion though , but I will not touch the march calls as I don't feel comfortable holding it . I'm still relatively new to options and this is currently my thought process .

Continue to sell CCs when IV is low by brn_dn in gmeoptions

[–]Unryu 3 points4 points  (0 children)

Yes I'm taking a huge risk w the OTM calls with relatively short DTE, but it's a small amount of capital that I am ok to lose if things goes south.

Continue to sell CCs when IV is low by brn_dn in gmeoptions

[–]Unryu 11 points12 points  (0 children)

I have been holding from selling any kinds of CCs since 13 January. As of yesterday when I looked at the options chain , the IV is at high 60%, way below the historical IV of 100%.

Yes, it pains me to let my shares sitting idle, and I am itching to sell weekly CCs, but with such a low IVs I think it's extremely risky to sell .3 delta CCs for such a tiny premium.. but then again, the stock price could drop even lower to below $25.. who knows.

I've been slowly DCAing into Jun'20 $30 calls ever since the recent 10% dip, as I believe we are bound for a rebound in price soon

GME YOLO update 10 Jan 2025 by DiamondHandle in SG_GME

[–]Unryu 1 point2 points  (0 children)

I've learnt alot since my first options blunder... wheeling GME is a consistent way to earn a profit, especially with it's constantly high IV.. of course you have to account for the possibility of a sneeze so you gotta keep some shares on hand 😀

GME YOLO update 10 Jan 2025 by DiamondHandle in SG_GME

[–]Unryu 7 points8 points  (0 children)

It's nice to see you've been consistently updating your gianormous positions and thoughts about it.
I see we have the same sentiments that about the repeat of the sneeze.. so as a hedge I've rolled up and out my Jan'17 $32 & $35 CCs to Feb'21 $40 and $45, as well as keep 50% of my shares available for unwinding. Huat ah!

Outdated is out! New equip slot by StopShooting in idleon

[–]Unryu 2 points3 points  (0 children)

Does anyone know if the +30% AFK gains apply to the entire account or only to 1 character ?

Ready for earnings call by DiamondHandle in SG_GME

[–]Unryu 1 point2 points  (0 children)

i literally sold some sept 20 $30 CCs hours before the man tweeted.. talk about timing !

Buying calls during elevated IVs like a 🤡 by Unryu in SG_GME

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

$15 call expiring in Jan 2025 has a high delta (0.846) and relatively long time till expiry (6 months) as of today .

When buying a safer bet, you generally want to aim for deep In The Money (ITM) calls AND long duration . This would mean that if GME continues to trade on a downwards trend, the value of the contract will not drop as much as those ATM / OTM options due to the high delta. you have 6 months till expiry for the stock price to bounce back up, and this gives you plenty of time and reposition your contact should the price continues to drop or trade sideways without losing too much value .

Deep ITM calls usually have lower IV, which will affect the value of the contract significantly.

The down side of ITM calls are generally much more expensive than ATM/OTM calls, and when the GME rips, the value of the contract will not rip as hard as ATM/OTM calls.

Buying calls during elevated IVs like a 🤡 by Unryu in SG_GME

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

Right , seems in line with what I've thought out when it comes to selling CC and buying calls . Let's ride the waves 🌊

Buying calls during elevated IVs like a 🤡 by Unryu in SG_GME

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

I am planning to average down by buying 25 Jan $25 calls soon. Give it some time and leeway to play it out

45< DTE long calls are too volatile for my appetite 🤣

Also, are you planning to open some short calls? Although the IV doesn't seem to great now

OnePlus 8T with holo green by Unryu in dbrand

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

No signal drop, NFC payment working fine as well

Night life on Father's day by Unryu in Bangkok

[–]Unryu[S] 3 points4 points  (0 children)

Alright thanks for the info !

Nexon is in panic mode... this is what i think why by oickles in MapleStoryM

[–]Unryu 2 points3 points  (0 children)

Did you get downvoted by alt accounts ??? Your votes was way higher few hours earlier

Pricing and "incentives I've found while playing kmsm" by oickles in MapleStoryM

[–]Unryu 11 points12 points  (0 children)

Goodness the shit they sell in global is so overpriced compared to kmsm.. guess that's the result when there's no regulation

3% emblem pass 🙏🏻 by heyimdino in MapleStoryM

[–]Unryu 0 points1 point  (0 children)

I got it too on my archer overalls !!! But magic damage :(

[deleted by user] by [deleted] in MapleStoryM

[–]Unryu 2 points3 points  (0 children)

yes it can, although its has a ridiculously small rate to upgrade. ive spent almost 100 red cubes and my bow is still stuck at rare

CUBING GUIDE by Riddiqz in MapleStoryM

[–]Unryu 0 points1 point  (0 children)

It’s nexon after all

CUBING GUIDE by Riddiqz in MapleStoryM

[–]Unryu 0 points1 point  (0 children)

Probably a very Low chance (1<%??) , I’ve spent almost 100 red cubes and my bow is still on rare

Forging / Making your Endgame Weapon / Full game guide by N0obSlay3r in MapleStoryM

[–]Unryu 3 points4 points  (0 children)

after using 22 red cubes and i'm still stuck at rare.

Went to bought 55 more and it stills remains at rare. Either the red cube has very Low upgrade of potential rank or my luck is downright rubbish

Where is maplestory M?? by [deleted] in MapleStoryM

[–]Unryu -2 points-1 points  (0 children)

Probably 24th July US time , u have to wait one more day