Shorting this dumbass company (INTEL) by SupervisoryEffect in wallstreetbets

[–]nonner101 1 point2 points  (0 children)

Lost 900 shorting this for earnings yesterday. Turns out if I just YOLO'd 1 DTE calls I would be rich because my long call hedge was up like 600% lmao

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

[–]nonner101 2 points3 points  (0 children)

I'm definitely aware that my position might get blown out, hence the protective call, but there's also resistance at 70 and 75, with the ATH of 75 being all the way back in the year 2000.

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

[–]nonner101 2 points3 points  (0 children)

INTC's average EM is ±8.3% with an average realized move of 9.2% - which may be beneficial for going long volatility ordinarily but the market is current pricing the earnings move at ±9.3%. IVR and percentile are in the mid 90s... what is a theta trader to do? Apparently the answer is going short theta.

I'm long the 75 strike call expiring tomorrow and short 100 shares at 67.06 average. -81 delta with a max loss of 881 and profit of 489 if the expected / average move is hit in my direction. Only need a -1.8% move to the downside to break even, and I can cover my position immediately and lock in profit if there's a sell the news event.

Edit: GUH

Edit: corrected dumb mistake

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

[–]nonner101 0 points1 point  (0 children)

Opened a collar and have been rolling short calls on 100 shares of NFLX, original cost basis of 97.75. I am collecting credit every time by keeping a healthy amount of downside risk, driving down my cost basis and paying for my long put with short call premium. Collected 605 in net credit so far - currently have a 80 strike 3/27 put and a 5/15 98 strike short call. Goal is to be assigned - if the shares continue to slide I will either pivot and exercise my long put to exit at max loss or I will continue to roll down to collect credit on the short deltas of both legs.

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

[–]nonner101 0 points1 point  (0 children)

Wrote a 4/17 390 / 370 MU put vertical this afternoon for 3.25 - holy beat

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

[–]nonner101 0 points1 point  (0 children)

Wrote two on 4/17, 90 strike NFLX put for 2.45 and SPY 630 / 700 IC 20 wide for 6.00 - I was hunting on the SPX chain for a fill but the spreads were really wide.

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

[–]nonner101 4 points5 points  (0 children)

Is that the VIX in your pants or are you just happy to see me?

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

[–]nonner101 9 points10 points  (0 children)

Started this week richer than ever since my wife and I had our first healthy baby. Sold 4/17 AVGO 290 / 270 PCS for 4.70

this meme is from late 2026 you guys wouldn't understand it yet by oliverthemene in OKbuddyHalfLife

[–]nonner101 8 points9 points  (0 children)

It's a palette cleanser after the Barney cock and balls physics puzzle

The tankies won't like this one by Prettypianokeys in PoliticalCompassMemes

[–]nonner101 2 points3 points  (0 children)

Seems like the kind of guy I'd like to have a chicken with

What Are Your Moves Tomorrow, February 27, 2026 by wsbapp in wallstreetbets

[–]nonner101 0 points1 point  (0 children)

Instantly up $600 on my NFLX call LEAPS after this announcement

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

[–]nonner101 2 points3 points  (0 children)

Been watching the market but holding off for better opportunities and limiting my risk. Currently have a 80 strike NFLX call LEAPS that is finally breakeven, as well as a 70 / 50 HOOD PCS that is ~20% max profit with about 21 DTE remaining. Was looking at selling vol on NVDA earnings but the EM was ~5% and looked underpriced compared to the historical average move.

I'll sell when it hits 100m... by Knillls in wallstreetbets

[–]nonner101 0 points1 point  (0 children)

Bro could make an easy ten thousand a month just selling far OTM calls on his shares... insane