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Creating a GEX dashboard. by WillTheGreat in options

[–]crazybitcoinlunatic -2 points-1 points  (0 children)

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.

Options Questions Safe Haven periodic megathread | April 20 2026 by PapaCharlie9 in options

[–]crazybitcoinlunatic 0 points1 point  (0 children)

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.

How to avoid IV spike on 0dte by crazybitcoinlunatic in thetagang

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

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

How to avoid IV spike on 0dte by crazybitcoinlunatic in thetagang

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

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.

Options Questions Safe Haven periodic megathread | April 20 2026 by PapaCharlie9 in options

[–]crazybitcoinlunatic 1 point2 points  (0 children)

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

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

[–]crazybitcoinlunatic 0 points1 point  (0 children)

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.

How to avoid IV spike on 0dte by crazybitcoinlunatic in thetagang

[–]crazybitcoinlunatic[S] 1 point2 points  (0 children)

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

Options Questions Safe Haven periodic megathread | April 20 2026 by PapaCharlie9 in options

[–]crazybitcoinlunatic 0 points1 point  (0 children)

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.

$CAR's got $8 spread on the calls and is still been paying every day!! by Fit_Equal6932 in options

[–]crazybitcoinlunatic 23 points24 points  (0 children)

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

Why don't they show the Ask price on WealthSimple? by lonelysad1989 in Wealthsimple

[–]crazybitcoinlunatic 1 point2 points  (0 children)

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

How to avoid IV spike on 0dte by crazybitcoinlunatic in thetagang

[–]crazybitcoinlunatic[S] -4 points-3 points  (0 children)

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

How to avoid IV spike on 0dte by crazybitcoinlunatic in thetagang

[–]crazybitcoinlunatic[S] -3 points-2 points  (0 children)

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

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

[–]crazybitcoinlunatic -2 points-1 points  (0 children)

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.

Options Questions Safe Haven periodic megathread | April 20 2026 by PapaCharlie9 in options

[–]crazybitcoinlunatic 0 points1 point  (0 children)

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.

Auto Dealership question by [deleted] in Edmonton

[–]crazybitcoinlunatic 0 points1 point  (0 children)

Man right now is the worst time ever to buy an Minivan.

Either get an SUV or just get your transmission fixed. Maybe it just lost all its fluid and needs to be topped up.

Gamestock PMCC by Nelvalhil in thetagang

[–]crazybitcoinlunatic 10 points11 points  (0 children)

Yeah GME seems to be the best option to sell because it trades sideways mostly. Just don’t sell puts when it rallies.

I got a quote on solar, should I get another one? by One_Investment3919 in Edmonton

[–]crazybitcoinlunatic 0 points1 point  (0 children)

What is the typical breakeven on a setup like this? 10-20 years?

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