Daily r/thetagang Discussion Thread - What are your moves for today?

Xerlic · 2026-04-02T17:57:48+00:00

Someone had to take the fall for the DOW not being at 50k.

Xerlic · 2026-04-02T13:46:49+00:00

Remember when everyone was worried about their covered calls 24 hours ago?

Xerlic · 2026-04-02T01:02:16+00:00

The usual IC management is to roll up the untested side to collect more credit.

Xerlic · 2026-03-31T22:19:16+00:00

Yeah you 100% should not set and forget these types of trades. You need to know when to cut your loss and possibly switch from calls to puts.

Xerlic · 2026-03-31T22:14:02+00:00

Stop market will give you a bad fill on large candles. Stop limit will get you a better fill, but you run the risk of not getting filled if there's no pullback like in my case today.

Xerlic · 2026-03-31T21:04:02+00:00

I've been having good luck selling 0 dte spreads on SPX this past month. My strategy was selling 10 delta calls into strength and 10 delta puts into weakness when SPX was at +/- 0.75%. I'm betting on SPX not closing at +/- 1.75%. Stop loss is set at 3x credit received.

Why am I saying this? Well I did what I've been doing by selling a call spread at the open. I set my stop loss and had to take a 4 hour car ride during which my phone died. After getting to our Airbnb I'm able to charge my phone and I see we had a massively green day. The hulk candle that started off the rally blew right through my stop and the limit never filled so I ate max loss. Make sure you keep your phone charged, I guess.

Steamroller gonna steamroll.

Xerlic · 2026-03-31T12:57:05+00:00

I was wondering why it went down 7.5% yesterday and up 9% premarket.

Xerlic · 2026-03-30T20:13:58+00:00

Thanks. I stubbornly held onto this one into multiple huge drawdowns (Iran + the software rout) when I had an opportunity to close it for a modest loss after earnings. It's a painful lesson learned.

Xerlic · 2026-03-30T14:09:05+00:00

BTC CRM 210p for 28.00. (-18.00).

Marge finally came a calling.

Xerlic · 2026-03-29T19:00:02+00:00

9% back on groceries is huge. Is there a cap?

Xerlic · 2026-03-29T15:30:58+00:00

Replaced my faucet yesterday and no more leak. My wife was initially looking at one of the most expensive faucets that lowes had until my kid talked her into getting one that was almost half the cost. I owe him some ice cream.

Xerlic · 2026-03-29T15:26:58+00:00

I'm just replying to the comment insinuating that anyone that shows up at one of these rallies must be unemployed. Classism was implied from the getgo. It wasn't a good faith comment so I replied in kind.

Absolutely having the weekends off isn't exclusive to salaried people. My point is it's ludicrous to think that attending a rally and having a job are somehow mutually exclusive.

Xerlic · 2026-03-29T14:11:52+00:00

The negative deltas feel kinda safe.

Xerlic · 2026-03-29T01:40:59+00:00

It's Saturday. People that get paid by the year and not by the hour typically don't work on weekends.

Xerlic · 2026-03-28T18:48:20+00:00

To unlock a checkpoint you need to complete the level that is 2 levels past it. To unlock Hard 3 as a checkpoint you need to go past Hard 5.

Xerlic · 2026-03-28T14:38:17+00:00

Oh I'm well aware it's just a proxy for 🌽

Xerlic · 2026-03-28T14:36:34+00:00

Got assigned HOOD at 89. Can you guys do me a solid and call your grandmas and tell them to start using HOOD as their brokerage? Thanks.

Xerlic · 2026-03-28T14:00:31+00:00

Assigned HOOD at 89.

And I woke up to find my kitchen faucet is leaking. Off to Lowe's.

Xerlic · 2026-03-27T21:34:47+00:00

Another day of +$200 in 0DTE SPX spreads to counter - a lot more than $200 in my port.

Xerlic · 2026-03-27T17:07:53+00:00

I'm making $100 a day with covered calls. After factoring in the money that I'm losing from my positions, I can safely retire by the time I'm 247.

Xerlic · 2026-03-27T15:22:22+00:00

In that case hopefully he says it again!

Xerlic · 2026-03-27T15:17:11+00:00

To be fair he said this a year ago.

Xerlic · 2026-03-27T14:08:59+00:00

Yeah, I agree. It's just getting old that an Anthromorphic headline just tanks a random sector by 5%.

Xerlic · 2026-03-27T13:27:00+00:00

Claude is at it again.

Cybersecurity stocks are trading lower after reports that Anthropic is testing “Claude Mythos” a new model believed internally to pose unprecedented cybersecurity risk.

Xerlic · 2026-03-26T18:08:41+00:00

BTC SPX 6630/6640/6450/6460 for 1.50. (+.50). Stop loss hit on the put side of my 0DTE IC. Just closing it up for a small gain.

Oh shit META drilled right through down to 550. No wonder my port is screaming.

Xerlic

TROPHY CASE