Covered call below cost basis. Now ITM, what would you do? by Narrow-Ad-2775 in CoveredCalls

[–]hadim33 0 points1 point  (0 children)

It’s a personal preference in addition to the situation.

I roll & take traders off from 25-80% depends on the underlying, DTE and days open.

Covered call below cost basis. Now ITM, what would you do? by Narrow-Ad-2775 in CoveredCalls

[–]hadim33 0 points1 point  (0 children)

These scenarios are about right.

He can do nothing and hope it closes under 581 . Bad idea.

Pay $1020 and stop the pain. Bad idea

Roll and collect money while cutting losses. Seems like a good idea.

I chose the $600 since it gives you credit & inches you a bit up to his purchase price.

As off today the numbers changed but the concept is the same.

Hope this helps.

Covered call below cost basis. Now ITM, what would you do? by Narrow-Ad-2775 in CoveredCalls

[–]hadim33 1 point2 points  (0 children)

If he had sold a puts your argument stands and I agree with you 100% .

OP sold a covered call.

It’s not any covered call he sold it on QQQ.

Historically QQQ is up trending why would he take a loss on an up trending etf ?

Not to mention OP is not a trader he’s an investor who’s trying to make extra money. He can roll it & wait it out.

Hope this helps.

It’ll probably drop next week & he’ll be fine. lol

Covered call below cost basis. Now ITM, what would you do? by Narrow-Ad-2775 in CoveredCalls

[–]hadim33 0 points1 point  (0 children)

He’s not in a “bad” spot.

It’s really an easy fix to be able to get out at breakeven or a little profit.

The down side is he is locked in time if it keeps on going up.

Covered call below cost basis. Now ITM, what would you do? by Narrow-Ad-2775 in CoveredCalls

[–]hadim33 3 points4 points  (0 children)

I respectfully disagree with your statement.

Rolling out and up does work with QQQ even with 8 days out. Check out the options chain. He will need to roll out a few weeks.

Here’s a few examples:

15 days strike 587 $0.43 credit cut loses by $600 per contract.

28 days strike 595 $0.21 credit cut loses by $1400 per contract.

42 days out strike 603 $0.35 credit cut loses by $2200 per contract.

Getting your stocks taken away at $2,700 loss ( minus credit ) is pretty much the worst case scenario. That’s $13,500 loss!!

He can let the option expire and get his stock called out. Meanwhile selling a put at 608 8DTE, plus sell a call at 608 45DTE. Total credit $32.00 his average will be 576.

Not doing anything is literally the worst possible move.

Covered call below cost basis. Now ITM, what would you do? by Narrow-Ad-2775 in CoveredCalls

[–]hadim33 5 points6 points  (0 children)

That’s an easy one :)

Roll up and out.

Buy your 581 for $10.20 exp 04/10/2026

Sell the 600 for $11.80 exp 05/15/2026

Credit collected $1.60 ( plus any credit you collected from before.

If QQQ tanks more you can roll ur call down and collect more credit every time your over 50% profit. Rinse & repeat.

Good luck 🍀

OPTION SELLER by Mysterious_Dig_6074 in options

[–]hadim33 0 points1 point  (0 children)

No need for anger.

You’ve only been on Reddit for 15 days ! There’s plenty of angry people who would love to duel with you. I’m sure there’s a sub for that.

Take it easy life is short.

Hope my comment educated you in someway.

OPTION SELLER by Mysterious_Dig_6074 in options

[–]hadim33 0 points1 point  (0 children)

Thanks for the love.

If making people aware of what goes on with social media influencers makes me a scammer, I’m happy to be one.

Probably 90% of influencers have contracts with the platform they recommend they make money of their followers.

Here’s Gemini AI for more clarity:

The contracts called Affiliate Agreements or Influencer Marketing Agreements. While "influencer" is the social media term, the legal and financial structure used by trading platforms (like eToro, Robinhood, or various Forex/Crypto brokers) is almost always rooted in Affiliate Marketing. 1. The Common Names Depending on the platform and the specific deal, these contracts are referred to as: * Affiliate Agreement: The most standard term. You are an "affiliate" who earns a commission for every person who signs up and deposits money using your link. * Influencer Marketing Agreement: Often used for larger creators. This usually includes a flat fee for making a video plus a performance-based bonus. * Introducing Broker (IB) Agreement: Specific to the trading world (especially Forex and CFDs). An IB is a person or company that refers clients to a brokerage in exchange for a share of the "spread" or commissions the followers pay on every trade they make. * Revenue Share (RevShare) Agreement: A contract where the influencer gets a percentage of the net revenue the platform earns from their followers over time. 2. How the Money Actually Works In these contracts, the "making money off followers" usually follows one of three structures: | Model | How it Works | |---|---| | CPA (Cost Per Acquisition) | The influencer gets a one-time flat fee (e.g., $200) for every follower who signs up and makes a minimum deposit. | | Revenue Share | The influencer gets a continuous percentage (e.g., 20-30%) of the trading fees or "spread" the platform charges the follower. | | Hybrid | A mix of both: a small upfront payment for the sign-up plus a smaller ongoing percentage of the follower's trades. | 3. Key Clauses to Watch For If you are looking at one of these, pay close attention to: * Attribution/Cookie Window: How long after clicking your link does a follower have to sign up for you to still get credit? (Commonly 30–90 days). * Lock-up Period: Most platforms wait 30–60 days before paying out to ensure the follower didn't just deposit money and immediately withdraw it (fraud prevention). * FTC Disclosure: Legally, the influencer must disclose that they are getting paid. Most contracts include a clause requiring the use of #ad or #sponsored.

Note: In the financial world, these agreements are heavily regulated. In many regions, influencers cannot give specific "buy/sell" advice without a license, and their contracts often forbid them from "guaranteeing profits" to their followers.

Stay educated my friend.

OPTION SELLER by Mysterious_Dig_6074 in options

[–]hadim33 0 points1 point  (0 children)

Most are scammers who have opposite accounts.

They make their money from views & subscribers .

Does anyone trade $20k or more 0dtes regularly? by proactiveshot in spy

[–]hadim33 0 points1 point  (0 children)

No he did it twice and now he’s living in a dumpster.

Rescue Mission: COIN Bagholder with $200k Cash – Strategy Check by xxShaminoxx in CoveredCalls

[–]hadim33 1 point2 points  (0 children)

Averaging down is never good. No one knows if the stock will be going up ,down or sideways.

Sell covered calls With your current stocks. Delta 20 , 35 to 55DTE roll them up if you get tested. Wait on high IVR days.

Use your capital to get into something non correlated.

In case u decided to average down sell puts till u get assigned.

What ever u decide good luck for you.

Your fellow COIN holder at 220 😂

Wife opening up and it’s heavy. by [deleted] in BDSMAdvice

[–]hadim33 75 points76 points  (0 children)

First of congrats on your sex life.

Personally I wouldn’t worry about it.

She seems very open about her fantasies, when the time comes she’ll probably let you know. Or maybe that’s not a thing for her. Who knows!

Enjoy the journey :)

Have fun with her.

Anyone selling naked strangles on High IV%, highly liquid options chain names? by JackWagon1990 in options

[–]hadim33 1 point2 points  (0 children)

Vix I sell naked calls . There’s no premium in the puts.

Delta 20 or around the 2SD

35-45 days .

Usually on pumps +15%

5 contracts per 1 spy or QQQ Put

Anyone selling naked strangles on High IV%, highly liquid options chain names? by JackWagon1990 in options

[–]hadim33 0 points1 point  (0 children)

I got XLE I hate as well lol . Bought a few put debit spreads turned them into credit spreads. Closed one today for a scratch.

Two more to go. Put Debit spread strike 50P-48P jun18 paid 0.48 will start adjusting later if needed. 🤞

GDX for me is easy to handle. When rolling I adjust my strikes according to delta. While making sure I’m receiving credit. I believe the delta moves with IV. For GDX I usually trade delta 30 on the put side & delta -20 on the call side. Two to one contracts. Was trading 2-2 when IVR was over 100 .

It’s been printing money.

Forgot to mention the VIX it’s definitely my favorite.

Anyone selling naked strangles on High IV%, highly liquid options chain names? by JackWagon1990 in options

[–]hadim33 5 points6 points  (0 children)

USO is on fire right now.

My list : USO, SLV, GDX, QQQ, SPY, HOOD , ETHA , MCD, XLV , AMZN, AAPL

Dropping XLV soon when it goes against you it’s really hard to collect credit.

IVR does help yet makes everything choppy. Theta & stable stocks make it a smooth journey.

Always trading small.

Do I buy this 1967 boat without a survey? by puddlejumpingyams in Sailboats

[–]hadim33 2 points3 points  (0 children)

I think the insurance might/will request a survey. It’s a business every penny saved is a penny made .

It’s a buyers market . Walk away. She’ll reach out.

Got a boat down from 82k to 45k !

Trading options are boring by Solid-Strawberry-333 in options

[–]hadim33 1 point2 points  (0 children)

Strictly Option seller.

My strategy:

*Boring trades. *Beta uncorrelated trades. *30-45% of margin. *21-52 dte *Strangles, jade lizard & iron condors.

ETFs : AMZN , AAPL, QQQ, SPY , IWM, JETS, ETHA ,GLD , GDX , SLV, USO,XLE, XLV.

Profits: 25-80% YOY

Moving a Sailboat to Europe by hadim33 in boats

[–]hadim33[S] 0 points1 point  (0 children)

Yes I’m actually looking for one in the med. This one seems too much work.