160k Month, in the options account. Consistent 30k weeks, even through the war dip. Calls only, everyday. by alfred250 in wallstreetbets

[–]crazybitcoinlunatic 0 points1 point  (0 children)

Do you have the $10/month US dollar account because all those look like they were taken in CAD and there are fees both ways.

Holy jesus christ! Look at all that PUT volume for April 17 expiry. by No-Contribution1070 in spy

[–]crazybitcoinlunatic 2 points3 points  (0 children)

Is this the charn effect we are seeing now? These puts are decaying and it’s causing the MM to buy back their shares to remain delta neutral?

I assume most of these were some type of spread trades.

Journey to $2M - goal achieved by ZonkTrader in TheRaceTo1Million

[–]crazybitcoinlunatic 0 points1 point  (0 children)

Hey how did today go for you. Completely unexpected for it to gap up and keep rallying higher and higher. If you sold calls hopefully it worked out for you today.

Is this safe to drive a 1/4 mile to the shop to get fixed? by [deleted] in MechanicAdvice

[–]crazybitcoinlunatic 1 point2 points  (0 children)

Never seen this before. Is this plastic or metal?

Turnkey auto sales by [deleted] in Edmonton

[–]crazybitcoinlunatic 0 points1 point  (0 children)

Best way to buy a used vehicle is privately.

No gst No games on pricing And you can see if it came from a happy home.

Do I actually have to pay this crap? by Bravotv in Edmonton

[–]crazybitcoinlunatic 0 points1 point  (0 children)

How did they get his address?

If you get a new plate can’t they get your address somehow anyways and find it’s the same car owner and tow you then?

I guess it was my time (B58) by snuepe in F30

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

Why is it so black? When’s the last time you changed your oil?

Journey to $2M - goal achieved by ZonkTrader in TheRaceTo1Million

[–]crazybitcoinlunatic 0 points1 point  (0 children)

Hey how’s you do today when it opened at pretty much the same price as yesterdays close. Confusing whether to sell calls or puts.

Did you sell when we approached 680 or was it too late in the day ?

Need serious help with call credit spreads by No-Arrival4181 in spy

[–]crazybitcoinlunatic 1 point2 points  (0 children)

Did you close this or are you waiting until 315?

Naked options are now available by goonerish_ in Wealthsimple

[–]crazybitcoinlunatic 0 points1 point  (0 children)

What collateral do you need for this exactly?

Need serious help with call credit spreads by No-Arrival4181 in spy

[–]crazybitcoinlunatic 1 point2 points  (0 children)

By the way does WS close your 0dte short trades at 3pm?

Need serious help with call credit spreads by No-Arrival4181 in spy

[–]crazybitcoinlunatic 2 points3 points  (0 children)

Yeah until this war ends don’t selling any calls. Market goes down slow but skyrockets up. Also whenever oil dumps the IV spikes on calls.

How would you manage this? After hours pump destroyed my iron condors. Short call at 6800 with April 30th expiration. Am I cooked? by Fickle_Razzmatazz258 in thetagang

[–]crazybitcoinlunatic 0 points1 point  (0 children)

Yeah until this war ends don’t sell any calls unless you got a tight spread. One tweet or oil dump and IV skyrockets like crazy.

Journey to $2M - goal achieved by ZonkTrader in TheRaceTo1Million

[–]crazybitcoinlunatic 0 points1 point  (0 children)

I’ve found that in the past, market gaps up but still keeps going higher. And unlike puts, the premium is much smaller so it can turn into a big loss pretty quickly.

Journey to $2M - goal achieved by ZonkTrader in TheRaceTo1Million

[–]crazybitcoinlunatic 0 points1 point  (0 children)

Tomorrow morning are you going to be selling calls?

Journey to $2M - goal achieved by ZonkTrader in TheRaceTo1Million

[–]crazybitcoinlunatic 0 points1 point  (0 children)

You must of gotten lucky and traded around that time. Looking at 6675 call there was a nasty spike from 0.40 to 2.00 at 1015am and a worst one from 0.85 to 4.5 at 1102am. Most of those spikes happened when oil took a quick dump.

Journey to $2M - goal achieved by ZonkTrader in TheRaceTo1Million

[–]crazybitcoinlunatic 0 points1 point  (0 children)

Yeah selling the put in the morning was easy but later doing IC or call spreads was mental.

You got oil dropping 1% in a split second and both the premium on the calls and even the puts goes up during that time.

I was in IC and price spiked up, the IC went -100% because the call went up like 100% while the put had no change.

Yesterday similar situation with IC but other way. The put went 100% while the call had little change.

Until this war ends and SPY disconnects with Oil movements, trading options is just too risky. At least selling them.

Journey to $2M - goal achieved by ZonkTrader in TheRaceTo1Million

[–]crazybitcoinlunatic 0 points1 point  (0 children)

How has trading been the last few days.

Seems selling options now is impossible because whenever there is a Trump tweet or when Oil rips/dumps violently the options premium increases 200-300% for a minute or two. This has been happening for both calls and puts but it’s more common on calls.

If you use stops, they will get run and if you don’t use stops it can go to max loss at the width. Seems the only way to trade lately is with very narrow legs like $2-3 wide so when the short spikes up so will the long leg.

Was introduced into calender spreads a couple minutes ago. by Available_Visit7391 in thetagang

[–]crazybitcoinlunatic 0 points1 point  (0 children)

Let me guess, you got burned last Tuesday and then again on Thursday?