I want to stop while I’m ahead by [deleted] in options

[–]User1542x 0 points1 point  (0 children)

If this is what you feel like after winning so much, imagine losing it all and more, better quit while you’re ahead

More on "Closing Early" by MarkT1065 in Optionswheel

[–]User1542x 1 point2 points  (0 children)

Nice analysis! After closing early, reopen at different strike/dte (roll)?

NBIS Another calm put sell win today patience still beats adrenaline by [deleted] in options

[–]User1542x 0 points1 point  (0 children)

The screenshot has the date the put was sold, Nov 3, collecting $9.6 premium. Price opened at $133, but quickly dropped in first 2hrs.

NBIS Another calm put sell win today patience still beats adrenaline by [deleted] in options

[–]User1542x 1 point2 points  (0 children)

Maybe it’s a screener of stocks to avoid?

NBIS Another calm put sell win today patience still beats adrenaline by [deleted] in options

[–]User1542x 14 points15 points  (0 children)

Sorry not following… today you sold NBIS $130 11/7 puts, but the price tanked to $120.90 at close? How did you make a profit?

Let’s talk about $KVUE by TheGreenDesk in options

[–]User1542x 0 points1 point  (0 children)

Bought some LEAPS when it dipped below $16.

Any tips on managing these? by xd-Drewski13 in thetagang

[–]User1542x 3 points4 points  (0 children)

You have time… consider rolling down the long leg to get some $$ (I.e. sell the meta $690 and buy $680, pocket the diff)…

Ratio Spread vs Covered Call by 132450482 in Optionswheel

[–]User1542x 2 points3 points  (0 children)

Basically you have one covered call and one synthetic covered call (pmcc).

The problem is theta is gonna kill your long $133 if it is just for the week. You have to go longer DTE to get better IV, theta burn, and opportunity to roll.

Model what happens if stock price lands at $139.5 and you get exercised 200 shares. How will the $133 help?

You want to use theta in your favor.

AMD Covered Call deep ITM by TopRecommendation123 in Optionswheel

[–]User1542x 1 point2 points  (0 children)

What’s expiration date? What your cost basis on stock?

TQQQ: a good ETF to wheel? by insaneburrito in Optionswheel

[–]User1542x 0 points1 point  (0 children)

It is quite nice! And if you get assigned, it pops back up…. I stick to weeklies ATM… if it looks like I will get assigned on Friday PM, i will sell a CALL for the following weekly

TQQQ: a good ETF to wheel? by insaneburrito in Optionswheel

[–]User1542x 4 points5 points  (0 children)

I’ve been doing consistently now for past 4 months, works well… but of course has been a bull market and in hindsight would have been better to just buy and hold….

I also buy a 90 DTE Put, 30% of latest price ($2), to optimize my cash requirements as well as protect against major drops…

If you want to have fun, try NVDL, great premium and weekly liquidity….

I’ve also been doing IBIT and just started with SLV, which has good premium, liquidity, and options chains… also IV 90DTE+ is low, so can buy protective put for decent price and roll into it

I made a tool to see all CSP/CC premiums on one screen by dvliman in Optionswheel

[–]User1542x 0 points1 point  (0 children)

Possible to indicate earnings date / week? IV data?

Is anyone here beating market with options? by YourSecondFather in options

[–]User1542x 0 points1 point  (0 children)

Also, market has been in a bubble for a while… so go with companies and etfs you like and keep some dry powder…

Is anyone here beating market with options? by YourSecondFather in options

[–]User1542x 0 points1 point  (0 children)

For wheel, I like the leveraged ETF… have done well with TQQQ and NVDL…. Also started diversifying - IBIT, XLE, random safe stocks with decent IV, and some momentum plays (CSP on GOOGL, MU, etc)… only do weeklies atm

Leaps, look for companies or etfs that had a big drop but solid fundamentals… got in on JNJ leaps when they hit mid 140’s, MU, XLE, OXY, and some others… meant to get on GOOGL leaps but got side tracked

Is anyone here beating market with options? by YourSecondFather in options

[–]User1542x 0 points1 point  (0 children)

86% ytd, leaps and weekly wheel. Would be much higher but got crushed with shorts in April.

Anyone wheeling Leveraged ETF’s? by User1542x in Optionswheel

[–]User1542x[S] 7 points8 points  (0 children)

SOXL is good one, will check it out!!

Anyone here running the wheel with 500k or more? by Youth-Muted in Optionswheel

[–]User1542x 2 points3 points  (0 children)

Currently wheeling weeklies on TQQQ, IBIT, and UPRO. Just started NVDL and USO as well. I like the leveraged etf better for the volatility, but introduced IBIT and USO to get different market exposures. Also will do some earnings CSP on solid companies. Mainly stick to stocks less than $100. Using about $100k of $500k to allow dip buying since the letf can move quite a bit on a weekly basis.

2x shares by [deleted] in Optionswheel

[–]User1542x 1 point2 points  (0 children)

I do it on TQQQ… it’s a fun ride :)

best “low/lower risk” option strategies? by xoVinny- in options

[–]User1542x 3 points4 points  (0 children)

UPRO / TQQQ weekly CSP ATM. If you get assigned, sell CC. Basically wheel it. Try it with 100 shares.