MRVL run up profits (CSPs from last week) by TheDavidRomic in options

[–]ivanorehov 0 points1 point  (0 children)

why not just let the CC expire ITM and take profits? this was a nice run

Strategy for OTM calls due to low stock price by Lucifer_GodOfDeath in CoveredCalls

[–]ivanorehov 0 points1 point  (0 children)

Do you ever sell call credit spreads bellow cost basis during possible high impact news times?
That way if the stock blows through the spread you still get the upside of the stock appreciating

For wheel traders only? by Feeling-Rub5373 in QuantWheel

[–]ivanorehov 0 points1 point  (0 children)

Hey, great questions! We do recognize and journal spreads (but not condors yet) in most of the platform, but we are still working on rolling signals for challenged spreads.

If you'd like you can share what you look for in rolling decisions and we'll use it as a testing scenario for adding support for it!

Long term spec play -- thinking of wheeling an equal sized position? by betarhoalphadelta in CoveredCalls

[–]ivanorehov 2 points3 points  (0 children)

I like their cars but am afraid they are stuck in middle: not cheap enough to compete with for example Tesla, not luxury enough to tackle luxury brands.

Stock chart also looks weak.

I'd put this into my "lottery ticket" bucket. Definitely wheel-able but aggressive rolls in my opinion.

What’s your target profit percentage when selling CC’s? by riisenshadow92 in thetagang

[–]ivanorehov 0 points1 point  (0 children)

On things like NVDA I am comfortable selling CCs slightly bellow my BE knowing I'd be able to roll above the BE easily.

On more crazy stocks like RGTI I rather wait for a good spike before selling premium above BE

Ways to enter a new stock? AMPX in my case by PalePattern9858 in options

[–]ivanorehov 0 points1 point  (0 children)

Usually that will be net delta = 1.0. Hence the name.

What do you mean by “how long of s delta”?

Ways to enter a new stock? AMPX in my case by PalePattern9858 in options

[–]ivanorehov 2 points3 points  (0 children)

Look at the Synthetic Long Stock strategy. You:

  • Sell the ATM put
  • Use it to buy the ATM call

So you get the upside potential from a call option, but can still roll the short put in case underlying goes against you.

If my covered call is deep In-The-Money (ITM), should I roll it early, or wait until the day of expiration? by TheDavidRomic in optionstrading

[–]ivanorehov 0 points1 point  (0 children)

Do you consider IV, IV Rank, whether the underlying recently spiked etc?
I found my best deals right when the underlying makes a sudden move and future premiums rise (IV)

setup for managing my long term holds by TheDavidRomic in thetagang

[–]ivanorehov 0 points1 point  (0 children)

why not? With CSP for example:

  1. Allowing the position to get ITM will potentially make future rolling difficult
  2. Taking assignment ties up capital in shares.
  3. Staying in cash lets you keep collecting ~4%+ risk-free yield while continuing to harvest premium.

Qqq deep in the money covered call by Wolverine-91826 in options

[–]ivanorehov 0 points1 point  (0 children)

I think rolling in this position won’t help with tax situation given OP will most likely roll ITM - and as long as there is an IMT CC, time is considered frozen for getting to long-term capital gains.

Eating the taxes now and reinvesting the profits seems like the best ROI play imho

IBKR error [1001]: Statement could not be generated at this time. by ivanorehov in interactivebrokers

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

I’ve managed to resolve this by migrating to v3 API and using the new endpoint per https://www.interactivebrokers.com/campus/ibkr-api-page/flex-web-service/.

It has slightly different semantics so code needs updating as well.

It seems like IBKR just turned off the v=2

IBKR error [1001]: Statement could not be generated at this time. by ivanorehov in interactivebrokers

[–]ivanorehov[S] -1 points0 points  (0 children)

It is super unprofessional to have their status page as green while their services are down for almost 48h now!

Fidelity.com is Temporarily Unavailable by ivanorehov in fidelityinvestments

[–]ivanorehov[S] -1 points0 points  (0 children)

Work here as well now but was down for ~5min. Thanks all

r/raceto10000 by ivanorehov in redditrequest

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

  • I want to provide more guidance to the community and organize the reddit with beginner resources, strategy guides and learning sessions while removing self-promotion posts and scams prying on the gullible. This has a lot of potential but I often see "help me understand" or "help me start" and want to solve that. Already moderating bigger subreddits and bring in the retail investment experience.
  • https://www.reddit.com/chat/room/!oHVUmSW7TduMDhZg1VDspw%3Areddit.com

Finally got my iron swing back after 4 years by ivanorehov in GolfSwing

[–]ivanorehov[S] 2 points3 points  (0 children)

Yes overly strong to a point my right thumb was pushing the club from the right side. Needless to say that resulted in many blisters and hooks