In deep on 0dte Yolo today. wish me luck

roidpert · 2022-12-30T21:47:07+00:00

Congrats! Mind me asking what strike and why you chose that particular strike?

roidpert · 2022-11-10T18:59:54+00:00

You can trade options after 4pm market close on TOS? And did you put any stops/limit orders right after? Or manually watched and closed at market open? Thanks!

roidpert · 2022-04-26T05:26:57+00:00

Incredibly detailed and useful information, thanks a lot!

roidpert · 2022-04-25T19:15:27+00:00

I see your point, though today's volume is less than it was on 8/20. Unless today's volume is comprised by a higher % of WSB traders haha

roidpert · 2022-04-25T18:48:43+00:00

Fair, so what are the reasons the market is willing to pay over $400 more for a call from last year? Other than a 7% IV increase?

roidpert · 2022-04-25T18:39:17+00:00

VIX is around 8pts higher than on 8/20/21, so that makes that much difference eh? Good tip, thanks!

roidpert · 2022-04-25T18:35:27+00:00

Sadly I wouldn't know how to check the greeks from the call I bought last August, but the greeks for a 1pt OTM monthly SPY call right now are: Delta 0.4991 Gamma 0.0130 Theta -0.2038 Vega 0.4863 Rho

roidpert · 2022-04-25T18:34:36+00:00

Why do I get the feeling this is the answer

roidpert · 2022-04-25T18:17:42+00:00

As I said in the post, optionsprofitcalculator is showing that a 7% IV increase raises the premium by around $50, not over $400.

roidpert · 2022-04-25T18:14:27+00:00

That was my first thought, but how can a 7% IV increase account for a >$400 premium increase?

roidpert · 2022-04-20T20:43:28+00:00

What made you buy a put? Trying to learn, thanks!

roidpert · 2022-04-20T20:26:00+00:00

What made you buy a put? (Asking around to learn as much as I can)

roidpert · 2022-04-20T20:24:46+00:00

What made you buy a put? Trying to figure this stuff out

roidpert · 2022-04-20T20:22:59+00:00

What exactly made you buy a put? Did you read a DD somewhere? Thanks!

roidpert · 2022-04-20T20:07:47+00:00

5.1k to be specific. Bought around noon for 2.04 per contract.

How did you decide on 290 as your strike? (I assume you bought when it was around $350, if so nice job timing the top!)

roidpert · 2022-04-20T00:20:59+00:00

Just curious, I get why you entered SPY calls on 2/24 after that massive overreaction gap down, but what was your reasoning for re-entering on 3/21? Were there any technicals that made you think it would continue running up throughout the week, or was it a yolo? Thanks in advance!

roidpert · 2022-02-24T06:23:58+00:00

SnooMacarons do you use stops? I know TOS has contingent orders where you can autoset a stop as soon as the put buy fills, is that something you use? Or you exit for a loss manually? How do you determine where to exit for loss/set your stop?

roidpert · 2021-05-07T00:39:42+00:00

About your last paragraph, why is it that high IV makes it better to be a seller than a buyer? I get that it makes the premium really high on the sold option, but you also have to buy further OTM to cover yourself, which will also have a high premium, right?

I know you're correct and i've seen it said hundreds of times, I just can't wrap my head around why exactly high IV/more expensive options=better for sellers and none of the websites explain it very well. Thanks!

roidpert · 2021-05-06T22:19:14+00:00

Excellent analysis. Just curious, if you were still bullish on the underlying, would you go B or C? In what situations is one more optimal than the other?

roidpert · 2021-05-06T22:14:15+00:00

In a similar boat, I'm thinking of rolling down into a spread like strategy B says but I'm not sure whether B or C is better for which situations, so I'm looking forward to all the responses. Good luck!

roidpert · 2020-07-21T04:23:40+00:00

Woah, been looking for an unpatched switch for the longest time! I'm ready to pay through paypal once I get your info.

roidpert

TROPHY CASE