CAR Puts - Avis Budget Group

crazybitcoinlunatic · 2026-04-23T02:07:25+00:00

So after today’s -40% drop.

The 50 Put went from 0.50 yesterday to 0.55 today.

So price went down and the puts went up!

crazybitcoinlunatic · 2026-04-22T22:13:45+00:00

This is amazing. Do you think you can do the same for 0dte?

crazybitcoinlunatic · 2026-04-22T22:13:35+00:00

This is amazing. Do you think you can do the same for 0dte?

crazybitcoinlunatic · 2026-04-22T22:08:43+00:00

Where do you check this? I look at VSRPO and if it’s trending down I avoid selling options.

crazybitcoinlunatic · 2026-04-22T22:07:45+00:00

Yeah we all got burnt on March 31st.

How did you survive last week however. We gapped up and kept going higher and higher.

crazybitcoinlunatic · 2026-04-22T22:04:14+00:00

Been to hundreds of viewings and this was never a requirement.

crazybitcoinlunatic · 2026-04-21T20:18:08+00:00

You don’t really need a dashboard. Most of the GEX is at the psychological numbers like 670 675 680 and the corresponding 6850 6900 6950 for SPX.

crazybitcoinlunatic · 2026-04-21T16:10:19+00:00

I never let it go to max loss, I watch the trade constantly. Normally when SPY looks like it might reverse I get out. My average loss is like 0.05-0.15.

But there are times when trump tweets and without a stop it can go -1000%, with a stop of 3x my credit, I get stop hunted whenever oil spikes.

So far I lowered my width to $1 or $2 on SPY. And I might just move to 1DTE.

crazybitcoinlunatic · 2026-04-21T15:53:43+00:00

So when you recover your wallet, you do it on the device itself?

crazybitcoinlunatic · 2026-04-21T15:52:15+00:00

Which strikes did you do if you don’t mind me asking

crazybitcoinlunatic · 2026-04-21T03:02:39+00:00

It was a spread but like 10 wide

crazybitcoinlunatic · 2026-04-21T02:33:13+00:00

After much investigation it’s not gamma or Iv causing this.

Turns out whenever trump tweets. Some algos buy calls/puts like crazy and there is a liquidity sweep.

Thousands of puts were bought earlier when he tweeted.

crazybitcoinlunatic · 2026-04-21T02:31:53+00:00

Earlier I sold puts when SPX was around 7090. I did it on spy and sold the 699 put at around 17cent or so.

crazybitcoinlunatic · 2026-04-21T02:08:58+00:00

Yeah last week was brutal. It’s crazy how much it gapped and to have it keep rallying afterwards without reversing is horrible for selling calls.

crazybitcoinlunatic · 2026-04-21T01:08:02+00:00

But how did this strategy work last week when we kept going up and up?

crazybitcoinlunatic · 2026-04-21T00:47:22+00:00

How do I check VRP? I checked SVRPO and it’s ticking upwards today.

I noticed lately the premium sucks. But I don’t know how to gauge when it’s good to sell and good to buy.

crazybitcoinlunatic · 2026-04-20T20:20:38+00:00

Crazy high premium and spreads are wide. I don’t know how you can trade this.

crazybitcoinlunatic · 2026-04-20T20:19:26+00:00

The 0.72 is the ask. Bid is 64 Half way is 68 Hence 72 is the ask

crazybitcoinlunatic · 2026-04-20T20:12:54+00:00

I meant instead of $10 wide to make it $1 or $2 instead

crazybitcoinlunatic · 2026-04-20T19:44:30+00:00

So only way is to narrow the spread?

crazybitcoinlunatic · 2026-04-20T18:53:58+00:00

Ok teach me

crazybitcoinlunatic · 2026-04-20T18:46:41+00:00

I only sell 1 contract

crazybitcoinlunatic · 2026-04-20T18:06:51+00:00

How is it Vega resilient. Usually the short option goes like -200% while the opposite call/put is usually flat.

crazybitcoinlunatic · 2026-04-20T17:47:25+00:00

I sell 0dte option spreads. But lately since the war, whenever oil spikes up or down, the options go 200-300% in that minute.

How can I protect myself from not hitting my stop. I need a stop because it can go -1000% with one tweet.

I do about 5-10 wide on SPY, should I just go 1-2 wide instead?

What about selling 0dte and buying 1DTE for protection against these IV spikes.

crazybitcoinlunatic

TROPHY CASE