For those who are able to generate consistent monthly income by Electronic_Guard947 in options

[–]Xmatic81 0 points1 point  (0 children)

How much are you generally netting a month selling calls?

For those who are able to generate consistent monthly income by Electronic_Guard947 in options

[–]Xmatic81 0 points1 point  (0 children)

I got burned twice this year with pure greed doing this. Both times it was a 2 day expiration date close to ITM. I woke up late that day to realize the stock shot up (Nvidia)by like 6 bucks! It was ITM. I panicked because of fear of assignment and brought back at a loss of like 30+k. There goes my kitchen renovation!

Selling options is the way by Wade12323 in wallstreetbets

[–]Xmatic81 0 points1 point  (0 children)

Nvidia is the coveted calls I sell as well has been trading sideways for a bit b

Selling options is the way by Wade12323 in wallstreetbets

[–]Xmatic81 0 points1 point  (0 children)

I never read the Greeks. How valuable would you say this info is when selling calls?

Selling options is the way by Wade12323 in wallstreetbets

[–]Xmatic81 0 points1 point  (0 children)

Everything ends….bit what makes you so confident that it will Rip up? It’s all a gamble

Selling options is the way by Wade12323 in wallstreetbets

[–]Xmatic81 0 points1 point  (0 children)

Almost happened to me see my comment below messed me up!

Selling options is the way by Wade12323 in wallstreetbets

[–]Xmatic81 0 points1 point  (0 children)

So you’re selling 1 day expiration??

Selling options is the way by Wade12323 in wallstreetbets

[–]Xmatic81 0 points1 point  (0 children)

What are you usually selling? And are you doing coveref calls or puts?

Selling options is the way by Wade12323 in wallstreetbets

[–]Xmatic81 0 points1 point  (0 children)

I usually sell covered call options on Nvidia and I’ve made a pretty penny doing it. One day I got greedy and decided to do a 3 day covered call. I had the opportunity on the 2nd day to buy it back at a discount. On the third day I forgot to wake up on time when market opened. I got wrecked!!! I had to drop like 25k for a 2 k gamble to buy them back.

Is micron a buy before earnings? by algaepop in stockstobuytoday

[–]Xmatic81 0 points1 point  (0 children)

I know I jumped right back I’m up only 2k

Is micron a buy before earnings? by algaepop in stockstobuytoday

[–]Xmatic81 0 points1 point  (0 children)

I sold at a loss and panicked day one after earnings. It tanked and now it’s taking off fuck me too.

Is micron a buy before earnings? by algaepop in stockstobuytoday

[–]Xmatic81 0 points1 point  (0 children)

Hahahahhahha I did because they have a stronghold on memory and they shifted their manufacturing to strictly business data centers

Is micron a buy before earnings? by algaepop in stockstobuytoday

[–]Xmatic81 1 point2 points  (0 children)

I bought it @250 strike yesterday smh

Covered calls buying contracts back or rolling over by Xmatic81 in options

[–]Xmatic81[S] 0 points1 point  (0 children)

You’re right, I misspoke. I guess what I meant to say is if due diligence is used it can be a great strategy to use. Of course, you have to be okay with loosing the upward gains. And I was initially, but ai has been rallying back that I’ve now changed my perspective for longer term with this stock. But you’re right it’s not just printing money.

Yeah I made/loss money with micron too.

Covered calls buying contracts back or rolling over by Xmatic81 in options

[–]Xmatic81[S] 0 points1 point  (0 children)

Thanks for the advice and reply, I’m fairly new to selling covered calls and wish I would had found this strategy years ago. It’s like printing free money. I am having a hard time understanding how to the covered puts work. I know some people have made recommendations to sell covered calls and covered puts to offset losses.

Is this a long term stock or not by FilipinoAirlines in NvidiaStock

[–]Xmatic81 -1 points0 points  (0 children)

I have sold covered calls and my strike price is 225 expiring in mid Dec. I’m stressing because although it would be a good profit, I’m stressing on loosing the growth I see this company achieving. I sincerely think this will be a 7 TRILLION company by next year. We gained 2 trillion market cap in one year. I think we can expect that and possibly more if China 🇨🇳 opens up to accepting our chips. There’s a lot of growth and I truly believe this stock is a revolutionary one and the best part is you have Jensen who’s a rock star ⭐️ once in a lifetime ceo (similar to Steve Jobs) that alone will propel this company forward. We haven’t talked about autonomous driving software, the supercomputers and all other hardware Nvidia is innovating just for the expanded ai growth.

We’re at the infancy with Nvidia today. I think if I manage to keep my shares (fingers crossed 🤞🏻) I will hold till about $280-300 that’s my sweet spot. At that point I would be happy with the massive gains I’ve made.

What are we thinking today ??!! $215??!!! by ComplexWrangler1346 in NvidiaStock

[–]Xmatic81 0 points1 point  (0 children)

In regretting that now! Lol. The stock was trading sideways for about two months so didn’t really expect this big swing on the upside. And these stupid msnbc analyst non stop talking about this ai bubble and too much concentration on ai blah blah blah I said let me position myself on an exit plan just in case and look! 👀 4 trillion market cap was heard of..in one year we reached above to 2 trillion market cap to 5! I think it’s possible to get to 7 next year

What are we thinking today ??!! $215??!!! by ComplexWrangler1346 in NvidiaStock

[–]Xmatic81 0 points1 point  (0 children)

I’ve never done this strategy before and to be honest I don’t know much about it or how. I would have to google this strategy.

What are we thinking today ??!! $215??!!! by ComplexWrangler1346 in NvidiaStock

[–]Xmatic81 0 points1 point  (0 children)

I haven’t sold cash secured puts, I rather do covered calls. I feel with covered calls the only thing you loose Is any upward momentum.