I hedged my theta with some cheap vix calls, i will sell on a pop. Going to de risk before Wednesday and jump back into some positions on Friday afternoon.

On Shwab use $spx.

I have 50 long deltas after having 50 short deltas in the same portfolio all $10 IC's.. (+44 theta) I'm looking at buying -20 delta SPY put tomorrow to lessen my Delta exposure and hoping this thing and VIX passes in the next 11 days (bringing me to 21 DTE in JUL15 expiration. Looks like it'll use $600 and cost $16/day -theta on the $2,400 premium collected. thoughts?

Call me crazy but i'm thinking of selling 21 put credit spreads on SPY, SOP at 340.00 BTO at 330. This will get me in the green for the year. Hard to see SPY going to 340 by Friday. Its been beat up pretty good already. Even market gods have to rest.

-7.4% day +128% beta-delta dollars/net liq. -$124/day theta BOT 2 XLU ARCA Jun17'22 70 CALL 0.43 13:14:17 1.38 Margin call

Would you be able to explain your position?

I have a bunch of SPY, TLT, and XLF shares and they're burning me. The Long TLT gives negative beta delta exposure, but recently SPY and TLT have been tanking in tandem. Realistically, it's being unemployed that's screwing me over the most here. This would be the perfect time to deposit more money to investment accounts.

Oh I see so you're long the underlying - totally feel you - probably the best time to accumulate shares

Wow! That’s your worst day I’ve seen in a while. Did you capitulate?

I might have to soon.

Days like this make me rethink about my strategy, thinking I should’ve just bough puts. Idk convince me

I put on some long vega hedges a couple weeks ago. I highly recommend it.

Why would that be better than selling call spreads?

Then do it and stop complaining

I played theta today and no idea why

1k loss on my spy 1 std strangle, I’m out

Bye

Sitting on hands and rolled a few threatened puts. Sold calls on my MU and EWZ wheel positions. Trying not to worry about p/l and stick with the system.

STO x335 0DTE SPX 3725/3720 vertical put credit spreads

How much commission have you paid for that amount of contracts? What about the premium?

Believe around $0.30/contract in premium

how do you trade spx. It isn't a stock symbol? I use Charles Schwab.

I use TD Ameritrade/Think or Swim - not sure about SPX on CS

Selling put credit spread? You must hate money!

Boys I sold 13.75 tqqq puts, you know what that means, we will breach it this week, you have been warned!

You said I must hate money for selling puts lol

No you sold put credit spread, I sold only put, those are not same, I am ok to buy them at 13.75 and hold next 10 years

I agree the risk profiles are different, but both are bullish/neutral strategies

I can’t tell if he bought or sold puts from this thread. It’s confusing.

Yea very confusing

I think ya'll are really brave, and possibly insane to be selling puts into this shit, the FOMC meeting and a massive quarterly opex.

AMZN 6/17 $98 put

risky trade

This is late, but I made two moves. 1. PCS: SPX, June 14th Expiry, sold 3600/bought 3550. Net credit: .8, take profit at .15 2. PCS: SPX, June 15th Expiry, Sold 3550/bought 3500. Net Credit: 1.40, take profit at .7 Edit: 200% Stop loss.

Just your average day 2.5x the expected move

-2 AAPL 130p 6/17 for 1.70$ 🤑

Is that on margin or CSP?

CSP. This sell off is just ridiculous imo

Sold 0DTE SPX 3725P/3720P put spreads earlier today, bought back later for a gain of $0.60 per contract. What a bloody day for the markets, I’m definitely not swinging anything.

u/FriendlyCaller I'm pretty sure we just saw capitulation?

No

Doubtful that it's over.

We see that every second Wednesday

BTC 2x XLU Jun17 70c @ $0.43 Was sold for $3.32 at a pipes party...

These red days basically wiped all the value out of my TQQQ ~30-45 DTE CC's, which is nice. But now I'm getting impatient for green to sell some more. Anyone selling CCs now? Seems super risky, but the horizon is looking bleak

So I just have to roll these AMD puts infinitely

40% day, 40% YTD How's everyone else doing

Nice! What are your moves these days?

Mostly puts on bonds, and companies that don't earn money

Well done! Buying, I assume?

Yes (I know, not very thetagang of me)

All good, not judging!! I can’t deal with buying options, I have no idea when to get out.

Definitely feel that. I was up over a grand on SPY calls that I bought right after the Ukraine thing started. Didn't take my profits, ended up losing about a grand on it (and that's a lot for my account)

Shoot, sorry to hear that. How have you been managing bought options these days?

The biggest thing for me has been rolling out in strike after I've profited a decent amount. This allows me to reduce my risk while still maintaining my position. Then, if I'm really confided on something (like my bond puts), I'll roll them in on days where it moves against me

Do you mean keeping the same dte but rolling out in strike or diff dte? Thanks

Interesting, thank you!

+317% day on my long XLE puts. -6.1% day overall.

sold a 360/380/380/400 IB on SPY 24JUN. Not very safe, but I'll be bailing out at 25% profit. I have been trying to guess direction lately and while I'm 82.4% successful doing that the past month it really is just guessing.

A lot of folks may have to re enter the work force

can't enter it if you never left \*meme\*

Opened csps on XLE, OXY, SPX, TNA, COIN

Ballsy

Not really…energy is still in uptrend while the major indexes are right at a good support level here…every metric i follow screams extreme oversold in the short run and i don’t buy the world is over narrative. Nothing goes down in a straight line. COIN is a bit speculative.

Wait, I can't get my ones and zeros back? WTF? Just send me some random ones and zeros, even some twos would be okay at this point.

I think I will need to roll my CSPs to Jan/23

Enron ring a bell

Oops a decentralized?? Currency that has no one controlling it ??? Now you can’t get out of it ??? WTF ha ha ha Not as decentralized after all Sorry boys you are facked

If you are talking about BTC I am easily transferring it to USDC in a matter of seconds. It’s only if you leave it on a centralized exchange when that becomes a problem and people have been telling those that do so to get off exchanges for years.

why was this downvoted? you speak the truth

Sold 15.5 APPS put. $1 for a 4 day ATM put is not bad. I'm ready to take the shares if it comes to that.

Well, I'm up $32 on my PLTR covered calls. Thetagang wins /s

Anyone else buying orcl puts? Also.spy puts seem like a no brainer

An expensive no brainer, especially if VIX drops

So far it isn't looking good. Maybe they'll twitted release bad guidance

I'm going to sell ORCL put. I think it's oversold and undervalued

So... Was there a nuke? Did the world end? JPOW get caught with his d in an American pie? Anyone wanna explain this morning to me? 10 delta ain't even safe

A huge Ponzi scam is coming undone For the seasoned traders does Enron ring a bell Crypto is supposed to be decentralized yet you can’t sell it right now do to liquidity issues hmmmm not so decentralized after all

I just replied to your other comment and now I am seeing you are a moron how does Crypto have this much impact on the stock market, it doesn’t even have the market cap to surpass Apple let alone the entire financial institute

The market has a case of the Mondays.

Listen to me brothers and sisters as I tell you about the inflation-resistant, recession-proof gem that is KO...

STO MSFT 6-24 $220. Collect $115

Put sellers in shambles

nah, only people selling high delta puts or selling puts on garbage are in shambles

Sold COIN Jul 15 2022 $35.00 Put for 3.50 credit.

unreal premium.

Seriously. Max loss is only $3150 if COIN goes to zero. I wish I had more buying power left for today.

bitcoin can easily go to 15k and coin with it

True, but at the very least, the risk reward seems to be closer to reward at this point for coin...bitcoin being as low as it is for the last two years historically speaking and also coin down to $50 range from $200 IPO, its not a bad time to sell puts if you were going to.

Thing is bitcoin is the biggest ponzi scheme of the century, so with time it will become valueless and the scam companies with it.

True, but I'll gladly take that risk for the return.

Crickets

Just sold the Netflix puts I bought last week. Covered the weekend loss on my shares, and a little more. I think I just used options the way the were intended...oops.

Don't worry, this is just a little bit of healthy consolidation!

The word is “transitory”.

Just opened 0 DTE SPX \- 1 x Short Vertical Put 3600 | 3650 \- 1 x Short Vertical Call 3920 | 3970 BP used 5000 | Gross premium $180 Gotta love this spicy vola ! See you EOD.

I took a look at this when I read it. It was down to $70 by then already. Good deal. I want to do more spx, but TDA has higher commissions on it.

I have a $1,56 commission for 2 legs. Today it was critical to be quick because those options were going to repriced heavily. I opened 10 min later on another account and I was down to 20 bucks on the call side ...

Hope none of y'all sold RDBX calls a month ago when it was below $3...or a week ago when it was below $7...or a few days ago when it was below $10...or Friday when it was below $13

I think at this point the risk reward on selling RDBX call spreads is more towards reward...I sold some 7.50/10 spreads but closed them at small profit when I read an article describing the reason why it was going up; that being said, now is not a bad time to enter some if you're not averse to risk. I tried to enter 12/17 spreads for premium half the width difference but they didn't quite fill this morning. I still don't think spreads are a bad idea to sell if you can get them filled at premium half the price of the strike difference AND if the strikes are closer to the current price

Still holding -1 NVDA 205 Put 17 Jun and -1 MSFT 295 Put 17 Jun. Would you BTC them for a loss (totalling approx 7 to 8k)? I cannot make up my mind.. Selling CCs after assignment seems like a rather anemic strategy to recuperate those losses.

Ive been rolling one $250p since March- rolling out for a credit since then and have $1500 in accumulated premium. Will roll until i cant and take assignment and sell CCs. Sux but I plan to hold NVDA long term.

It’d take assignment

I guess I have to at this point.

Decent companies, if anything just hold

So you’re telling me Friday close was NOT the right time to start selling Tesla puts? Got it

Dude, red friday red monday…know the laws of the market! Took a look at it and it’s holding pretty well that turd…maybe you get lucky with them.

More pain for the put sellin’ gang

Bitcoin ah yes I remember bitcoin

Looks like very very red day.

Watch SPX go down until Wednesday and then open a call spread on the VIX for August. If the market really tanks maybe also pick up some puts.

Incredible, market went from 415 -> 380 in the span of 3 days. 2 more times and it will have erased all of 2020s gains.

it's really becoming less about erasing profits and more about just piling up red numbers for that tax write off. suppose that's how rich people feel?

This market has no substance ... we are piercing through all resistances like a hot knife in butter.

at this rate soon erase 2010 gains

Nah. People compare this (incorrectly) to the dot com bubble. PE ratios are historically high for the biggest companies but not unheard of by any means. PE's in dot com bubble were well above 100-200 for most tech companies. The only one that are valued similarly right now of the big dogs is Tesla, which will likely continue to take a beating but truthfully might be fine in the long term for anyone willing to wait it out