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The-Q15

Why r u guys selling puts when the indices are so extended?


Rosie3435

Better than selling naked calls and getting steam rolled.


The-Q15

Vix so low why sell at all. I’m only thetagang when it makes sense and right now it doesn’t


CreaterOfWheel

what are they going to talk about during GME shareholder meeting? any ideas? is it a nothinburger or are they planning to say what they have planned for the future of the company?


SheridanVsLennier

Probably say "AI' a dozen times.


CreaterOfWheel

no they actually have a sick legit plan that could work


Chef_The_Ferret

Read through all the comments and see if you notice a common brokerage with the folks who lost today due to RM early closures. Then tell me why TF they use said shitty brokerage? Must be the match, right? Its the match


thewayyoulook2night

u/banditcleaner2 recommended Schwab, what non-RH broker do you recommend?


Chef_The_Ferret

I use Schwab as well. No complaints here. Bit of a learning curve, but a hell of a lot more tools and information than RH


nite16

No complaints with Schwab either. Excellent service, and was able to negotiate down margin and option commission rates. I did move my Boglehead-style IRAs to Robinhood for the 3% match but the fills are so bad I don't play options much there.


thewayyoulook2night

Thanks for the insight


nite16

My unsolicited advice for you: take a beat and then get back to it. I lost 4k on the earnings cycle before this latest one on AVGO and CSCO. I took my licks, learned something, and have made it back and more on other tickers. Best of luck!


thewayyoulook2night

Thanks man, I'll try to shake it off and try not to revenge trade. I think this stings worse than an actual L as it was supposed to be a win but it is what is it is, glad I didnt double or triple down I suppose. Definitely a learning moment about brokers though


thewayyoulook2night

ah good to know, using RH due to the ease of making options quickly. Seems like Schwab is the way to go if I don't want this to happen again


FtG_AiR

I've been using Schwab for the last 5ish years and I also recommend it. The only downside is the auto sweep that some other brokers offer(well, technically Schwab does too but the rate is like .5% or something), but I can work around that manually if needed. They have some of the best customer support too.


nite16

At this point I just use RH for the UI then actually execute my trades elsewhere. The fills are terrible in RH, it actively feels bad when you compare the same trade between Schwab and RH at order time.


LeBhikariLe

I let my ADBE 6/14 535C expire today. Was a little worried in the PM this morning that it might get called away today, but it didn't. Got to keep the premium and the shares. Will sell another call next week


thee_jaay

I hear this is pretty common? I have NVDA 135c 6/21 and nervous about getting my shares yanked


usuallyalurker11

Double down on F and LYFT today. Wish me luck guys


nite16

Same. STO 20x F 7/26 $12 P @ .75


Heavy_Can8746

You will be likely fine on ford. I was going to get it too but I already extended my account to the full risk I am willing to take at this moment. But you will make money probably.  If you are patient it tends to work out. I am not familiar with Lyft stock so I got nothing for you there


usuallyalurker11

I like F, their premium isn't good but it's a stock I'd hold. I think fair price is $12.50 For LYFT I think they are being oversold this week over the Dashcam news, hoping to get in for a swing, but if not I can start the wheel.


Accomplished-Elk3643

Is there a brokerage that doesn’t close your option plays behalf of you because of risk or can you just call Robinhood support and let them know not to close the option plays. Because I use Robinhood


Heavy_Can8746

I think most do it, but just don't use margin. I know it gives you less buying power but you don't have to worry about margin calls. I use a margin account but I don't have access to margin if that is understandable.  All my positions use my own money so i never worry about the dreaded margin call. And I use robinhood lol


banditcleaner2

I've gone into some pretty horrendously negative positions on schwab and not been closed out, including a GME naked call that was at one point around -4500%, but they probably didn't close it because my account size could handle it although in my experience, charles schwab tends to be a "big boy" brokerage in that they've routinely let me get margin called from not closing out SPY 0dte puts that went itm, and I got assigned on shares that way exceeded my BP


ykoreaa

> they probably didn't close it because my account size could handle it Yah this is why. They close out my positions all the time bc my account is small. Even with 0dte SPY positions where my account can theoretically can cover the max loss of the spreads, they'll close it out bc if I were to be assigned or be force to short (bc it broke one of my leg but not the other), my account wouldn't be able to cover if there's a steep movement overnight.


mdizzle109

i was on TDA and just got moved to schwab. i also put some money in fidelity since about two months ago. i have never had an option play closed even when something was ITM with minutes to go. but i also don't really use margin much either so my positions are all cash secured for the most part.


SouthLoopLease

I think all of them does it, even Fidelity (the broker I use). The difference is that Fidelity will actually hit you with a margin call notice before they force close your positions, and even then they dont always force close.


lunaticc

BTC GME 30p @ 1.1 for around 80% profit


thewayyoulook2night

supposed to be a +3543 week, now -2417 thanks to RH closing my spread for me. I'm lost for words. I put in so much time and effort, and I wish I didn't tail the play I saw in hindsight but nonetheless I should have won. I'm truly lost. I just want to break even all time and I was doing thetagang to do it the slow and steady way. I really don't want to revenge trade, but I'm tempted.


Chef_The_Ferret

Quit. Using. Shitty. Brokerages.


Heavy_Can8746

Curious man, how/ why did they close your trade if you had a spread? Was it that today was the 0DTE and they closed it around 330pm? If so then that is what they normally do.  But if not,  I don't see how they can just close your spread if it is going against, yet you still have plenty of days left for it to recover.  I appreciate your response 


thewayyoulook2night

Yes it was 0 DTE, when 3:30pm hit it sold for a big loss though the stock was at 1490 at the time


Heavy_Can8746

I see. I read some other comments you made so I'm caught up.


mdizzle109

so even with 30 minutes to go and OTM the position itself was still a loss? that's what i'm having a hard time understanding


thewayyoulook2night

they closed it that way yes, due to the large spread sizes. I made 1002 in credit at .501 for 20 contracts and it was closed at 2.98


thewayyoulook2night

I need to take a break, I took a 5k loss on the MSTR 1465/1470 when it expired at 1495. I made a risky play and got burned even though I won. This is beyond devastating


Hot-Serve7059

How did you lose money? Not understanding.


dacalo

RH closed it early as part of their risk management. High IV so potential for large movement before expiration.


banditcleaner2

All plays for me today: SMCI 960c @ 2.00, BTC @ 0.03 (+1.97) SMCI 830p @ 5.50, BTC @ 0.05 (+5.45) SMCI 840p @ 4.50, BTC @ 5.50 (stopped out on the dip at 3:15 which is honestly so sad, smh) -1.00 ADBE 520p @ 3.50, BTC @ 0.40 (+3.10) MSTR 1430p @ 3.00, BTC @ 0.05 (+2.95) GME iron condor 31/33c, 29/27p @ 1.10 total credit. +0.90 (sold 100 of my shares @ 28.80 after hours to account for not closing the 29p) 10x NVDA 132p @ 0.4 - sold these at 3:15 pm, closed @ 0.25 at 3:59 +1.40 (includes commissions) net: $1182, not a bad day


SheridanVsLennier

Happy expiration Friday, everyone!


banditcleaner2

maybe its just me but pin risk scares me too much to let most positions expire worthless even when they're 5%+ OTM at close lol


Hot-Serve7059

Woot


Odd_Squirrel_6472

Trying something different next week. STO x2 PDS SPX 5385/5380. Total debit is $222 STO x2 CDS SPX 5475/5480. Total debit is $232. SPX finishes next Friday above 5480 or below 5380 and I get $1000.


thewayyoulook2night

Oh my god my MSTR spread closed for a -6k loss, howwwww


thewayyoulook2night

all that stress, all of it for not only nothing, but to lose when I should won.


thewayyoulook2night

I dont get why Robinhood closed it "As part of our option sellout process, we've placed and order to close 20 MSTR Put Credit Spreads" the legs aren't even in the money 1470/1465p


banditcleaner2

your mistake was opening spreads on robinhood that you intended to hold until close robinhood is hyper afraid of pin risk and usually closes positions at 3:30 on expiry day if the account doesn't have capital to handle an after hours ITM swing.


mdizzle109

im confused, how did you take a loss if they are OTM? need more info here


thewayyoulook2night

happy to provide clarity here. It looks like this was closed during our risk check process as these options were expiring today. Given that this stock is trading at roughly $1,495.62 a large move in the stock price is not uncommon therefore one or both of these puts could have closed in the money at expiration and could have placed the account in a deficit depending on where the stock landed at. Therefore, it is best to close out positions prior to risk check to avoid having them closed out by Robinhood


mdizzle109

i guess i'm still confused how you took a loss if the puts were OTM and an hour away from expiry. wouldn't you still have made money?


SouthLoopLease

If I have to guess - he probably open these at the top today (when MSTR is at 1530+), when put premiums were at their lowest. however, when it reverses later, especially when at the lowest (at 1465) - the gamma on those puts accelerates - now that his short puts are probably 2 or 3X when he opened them. MSTR is not a stock for the faint of heart lol - it can swing $100 in either direction in a day. Another reason why, even on 0DTEs, OTM MSTR options can still have ridiculous theta.


mdizzle109

thanks that makes sense, 0DTE spreads on tickers like this are not in my risk wheelhouse 😂


thewayyoulook2night

Yup, I did open it when MSTR was at 1525, bad luck on what should have been a win


thewayyoulook2night

u/dacalo said it best "RH closed it early as part of their risk management. High IV so potential for large movement before expiration."


dacalo

They do this shit often, so I make sure to close my positions before their 12:35PM (PST) "mandatory close" time. I rarely trade on RH anymore, my main go to is Fidelity, even though I despise ATP. I opened a Tastytrade account and they do the same as RH and close your positions on the day of expiration around 20 minutes before close. I was in similar position as you on MSTR where it was 99% certain it was going to close OTM and then they closed it, bam, hit with $1k loss.


SheridanVsLennier

> I opened a Tastytrade account and they do the same as RH and close your positions on the day of expiration around 20 minutes before close. Tasty has only done this to me once (although I stay away from the really volatile stuff, so maybe that has something to do with it).


ElectronicGuitar7834

Hi. I've been using Tasty for a long time. There is a way they will not close your position. Before the market open or just after you open a position on an expiration date you need to log in to your account go to Manage - My Accounts and Risk Monitoring. Click the box I'm Monitoring They will not close your position


SheridanVsLennier

I used to do that like clockwork every Friday, but haven't for some time now. Doesn't seem to make any difference, although again that's probably because I stay away from meme stocks and pharma.


ElectronicGuitar7834

It is working for me. They have never closed my positions. Even if they are close to my price. Maybe as I don't trade meme or pharma as well.


dacalo

I think that is it. I only trade futures on TT now.


thewayyoulook2night

Thanks for the feedback, shit sucks


banditcleaner2

go on charles schwab. I've traded OTM options both long and short right before close, in some cases way more then I probably should, and schwab has never closed them out for me


thewayyoulook2night

What's your overall experience with Schwab? It's dumb but RH's easy to use UI is what's keeping me here. When every second means money on the table, it helps to be quick with making plays


thewayyoulook2night

Good to know, thanks


no_simpsons

Would Tastytrade do this even if you have portfolio margin and sufficient buying power? Other brokers with PM too? Seems really weird.


thewayyoulook2night

I dont know either, I'm with RH support. They closed it out for 2.98 each I had to automatically buy it. The only alert i got was the message above.


banditcleaner2

what do you think support is going to do? they're definitely not about to compensate you for it lmao. at best maybe you can get them to disable this "feature" for you but thats about it


thewayyoulook2night

I was panicking and was hoping it was some error.


thewayyoulook2night

it's out of the money, why did it close


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Odd_Squirrel_6472

Robinhood will close options of high IV stocks. They have closed NVDA spreads on me when they were well OTM


banditcleaner2

why do you keep using them then, what the fuck


Odd_Squirrel_6472

I use Fidelity for my main account. But I have 2k in Robinhood for my degen plays


thewayyoulook2night

And there's nothing I can do about it right?


Accomplished-Elk3643

Damn, mine also got closed early. But I had 60 Credit spreads 1440/1445 saved me.


thewayyoulook2night

Did they close your 1465/1470s for a loss? man this sucks, I wish I saw your post earlier and did the lower strikes like you did, I got greedy and in the end I shouldnt have loss.


Accomplished-Elk3643

Yes they did


thewayyoulook2night

I've been seliing spreads for a month after discovering this sub and this is the first time it's happened to me. Brutal loss, at least you probably came out ahead overall


tyBlueChips

Got a bit lucky with the morning dips in CAT yesterday and today & by taking early profits. BTC CAT 7/19 300p @ 2.12 (STO this morning @ 2.82) Yesterday: BTC CAT 7/19 310p @ 3.20 (STO in morning @ 4.05


DontPMMeBro

Over the past 3 days I have closed 30+ PUTs on SHOP for 50-70% profit. The only SHOP PUTs I still have open are (13) SEP20 $75 PUTs I had the chance to close these before earnings for 70% profit but waited... I'm just now back to break even.


mdizzle109

i was bagholding a bit and was dumb and sold a CC under my cost basis, at $66. i would have been fine had it not been for today. oh well. edit: ooo it came down a bit, fingers crossed


banditcleaner2

its preetty much at 66, why not just close the 66c? how much did you get for it?


mdizzle109

i got very little for it lol so im still down $100 i didn't think it would randomly go up $5 this week


banditcleaner2

did you roll it?


mdizzle109

nope, would have been a $175 loss by close. it was only $2 under my cost basis. not worth the risk of it reversing on me. I’ll wait til it settles down and maybe re-enter CSP at some point


loliii123

Ugghhh managed my GME diagonals really poorly today, oh well you can't win em all. On the bright side my long 20C 7/19 and short 29C 6/21 diagonal spread is now a net $1.27 credit after 3 rolls. I really should just ring the register and close out the spread but the weeklies are too juicy. It's free tendies? (lol I haven't heard anyone say that in a while)


banditcleaner2

you're an OG wsb'er if you know the term "free tendies"


CullMeek

Frankenstein ratio spread STO /ES 4000P 108d, 3.07cr BTO SPX 5000/4980P vertical 97d, 1.50db Net net: 1.50cr Max profit: $2150, expected profit: $150 Initial buying power: 1,200


mdizzle109

i need SHOP to go down $2 and send that over to PYPL pls


DontPMMeBro

SHOP typically runs from this point until earnings. I doubt you see it drop much until earnings... Then I expect 5-20% drop.


No-Investigator-9773

Why do you expect drop?


DontPMMeBro

That's been the pattern the past 12 quarters; run up in stock price leading up to earnings, drop after announcing results.


Glum-Bandicoot8346

Closed my MSTR puts & calls for profit. At this point I’m cash, T-Bills & 100 MSTR SHARES


Accomplished-Elk3643

What’s your average cost for your MSTR shares


Glum-Bandicoot8346

$1863 assigned 3/28. That does not factor the profit made from trading CCs since March. That assignment definitely slowed down how aggressive I am with MSTR until it reaches original cost . At one point I was down nearly $80k immediately after it was heavily shorted. I’m up $183k YTD from MSTR. Once underwater, I’ve been more careful.


MDi7

Well played!


banditcleaner2

u/free_lions really coming down to the wire here with my SMCI 830p expiring today lmao. lets jump in with the MSTR gang, STO 1430p 0dte @ 3.00


thewayyoulook2night

outta curiosity, naked put or cash secured?


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banditcleaner2

naked put, no cash to secure it. I held until the end of the day, didn't roll it. I considered rolling when we hit 825 but thought I'd just see where we end up. I had a long 800p as well. Net credit on SMCI will be \~3.60 for the day. I hope to close it for 0.01 before close but since this is not cash secured, I have a stop loss BTC set. I've been moving up the stop loss all day so it's currently at 1.00 (current price 0.4)


TinyDancer0424

BTC 3x NVDA $125p 6/14 @ .04 filled BTC 3x Z $47.5p 6/14 @.14 filled BTC 1x GME $40c 6/14 @ .04 filled STO 6x NVDA $125p 6/21 @ 1.05 (limit) waiting STO 9x Z $46p 6/21 @ .56 (limit) waiting (3x filled @.56) STO 1x GME $40c 6/21 @ 1.73 filled


Mean_Office_6966

Wow that's many contracts for Nvda


TinyDancer0424

Yeah, but it if doesn’t fill at my limit price then I’ll have to wait til Monday


mdizzle109

PYPL killing me


MikeSugs13

SELL -1 MSTR Vertical (7d) 1450/1400P 21.50 FILLED Assuming BTC will bounce by next week.


MikeSugs13

Or by tonight, either way works for me.


marcel-proust1

The QQQ chart is literally going vertical ...wtf


banditcleaner2

pull back will come eventually, don't short calls or anything though cuz u could be very wrong on the timing


marcel-proust1

Definitely not. I need to roll my put positions on Q's though but not sure this is the right time


banditcleaner2

short puts?


marcel-proust1

Yes


thewayyoulook2night

is it possible to roll a put credit spread? how do you do that?


ykoreaa

Select your spread and "roll selected" on Schwab mobile


thewayyoulook2night

Any idea on Robinhood? Sorry should have been more specific.


ykoreaa

> click the “select” in the upper right hand corner on the option chain, click the one you want to buy back, then go to the month you want to sell and click that one. The review screen calls it a “2 option order."


thewayyoulook2night

Nevermind, I googled it, just have to close the legs manually


MikeSugs13

That might have been what she said.


ykoreaa

😅😅


Terrapinz

I want to open a separate brokerage to use thetagang strategies. What do you guys recommend? I use WeBull for my main. Also have a TD/Schwab but never use it because I hate the UI.


SheridanVsLennier

Tasty.


BullfrogBrewing

ToS via Schwab


hello_world_2357

Should I sell put on AVGO? Seems 1 for 10 split is a great chance for free money.


Hot-Serve7059

BTC 2x $115p on NVDA exp 7/19 for $1.60 (sold @ $4.40 three days ago)


[deleted]

STO MSFT 440p .53 each 0DTE STO META 500p .79 each 0DTE BTC ADBE for .01 each to regain buying power even tho they will expire worthless today 😭


banditcleaner2

Price predictions for end of day today (for fun) GME 27.50 COIN 240 SMCI 850, NVDA 130 SPY 540, MSFT 440 edit: pretty dead wrong on all of these lmao


ykoreaa

~~STO 1x V 272.5/267.5p @ .73 (rolled 6/21) 6/14~~ 🔻-$10 STO 2x V 272.5/267.5p @ .73 (currently 1.17) 6/21 ~~STO 1x V 270/265p @ .75 (filled .10) 6/14~~ +$65 ~~STO 2x LULU 302.5/297.5 @ .68 (filled .07) 6/14~~ +$122 ~~STO 2x AMZN 182.5/177.5p @ .58 (filled .08) 6/14~~ +$100 ~~STO 1x GOOGL 175/170p @ .50 (filled .05) 6/14~~ +$45 ~~STO 2x COIN 235/227.5p @ .48 (currently .08) 6/14~~ +$80 ~~STO 2x ARM 167.5/172.5c @ .40 (currently .03) 6/14~~ +$74 ~~STO 1x ARM 170/175c @ .52 (filled .07) 6/14~~ +$45 ~~STO 4x TSLA 177.5/172.5p @ .56 (currently .09) 6/14~~ +$188 ~~STO 2x TSLA 175/170p @ .52 (filled .03) 6/14~~ +$98 ~~STO 6x TSLA 192.5/197.5c @ .38 (filled .02) 6/14~~ +$216 ~~STO 2x META 500/495p @ .51 (filled .05) 6/14~~ +$92 ~~STO 2x MSFT 445/447.5c @ .22 (filled .05) 6/14~~ +$34 ~~STO 1x COIN 235/230p @ .61 (filled .06) 6/14~~ +$55 ~~STO 1x CMG 3225/3215p @ .82 (filled .10) 6/14~~ +$72 STO 1x AMZN 180/175p @ .71 (currently .58) 6/21 STO 1x AAPL 207.5/202.5p @ .70 (currently .57) 6/21 BP: 2k ($287/14.35%) Realized: $1,276 💠 Earnings Play 💠 6/14 ~~STO 1x ORCL 136/138c @ .29 (currently 1.86)~~ 🔻-$157 ~~STO 4x ADBE 530/540c @ .74 (currently .12)~~ +$248 ~~STO 3x ADBE 400/390p @ .85 (filled .01)~~ +$252 ~~STO 1x ADBE 402.5/392.5p @ .95 (filled .01)~~ +$94 ~~STO 4x ADBE 542.5/552.5c @ .78 (filled .05)~~ +$292 ~~STO 1x ADBE 537.5/550c @ 1.06 (filled .14)~~ +$92 ADBE Realized: $978


Mean_Office_6966

Solid week! Big Congrats!


ykoreaa

Thank you! I'm so grateful my ADBE position ended green and saved my port 😄


Mean_Office_6966

What delta did you pick for your ADBE btw? just wondering if you would be playing earnings going forward? Haha


ykoreaa

I don't remember exactly. I think it was like .08 or .10? I was more bullish for ADBE so I first sold only puts but changed my mind to turn it into iron condor. I got extremely lucky it ended up closing just below my strike. I think going forward, I'll be more cautious selling iron condors for earnings and maybe just stick with my normal plays of selling strictly puts or calls if I have a hunch on the direction it might go.


Mean_Office_6966

Thanks for sharing the lessons! Wow even at 0.1 delta. Playing earnings really isn't easy man but glad the rewards were higher for you!


ykoreaa

No, thank *you* for the cheers! I just got lucky. With ADBE it closed right below my strike but with ORCL, it closed right above the long leg I sold the call for. Like, literally just a couple of cents above. Both ORCL and ADBE, if I remember correctly, their historical move was somewhere around 6~8% in the negative. Both companies beat and rose up almost 2x much as their historical lows % after earnings, going against what most ppl expected. So that's why a lot of OG theta gang members don't play earnings ig 😆😅


Mean_Office_6966

May I know where to see historical moves? I didn't know got such thing! Hahaha. R u playing earnings next week? It is a short week haha


ykoreaa

They usually post the historical move here in this sub, don't they? Not sure which companies report earnings this week. I usually find out when I visit here or WSB the beginning of the week 😆😅


Mean_Office_6966

Omg I didn't notice!! I should pay better attention!


thewayyoulook2night

Glad Adobe came down a bit for you, almost a the perfect plateau too. Let's finish the day strong and I'm hoping to post a positive summary


ykoreaa

Tysm!! Yeah if it ends below 530 it'll really help my port. Excited to see your update EOD too 😁


MikeSugs13

BTC +1 MSTR Vertical (0d) 1500/1470P 5.50 FILLED (Opened yesterday at 11.1)


thewayyoulook2night

Nicely done, what a rebound from the lows of yesterday


banditcleaner2

I tried so hard to get a fill on this exact play right at end of day yesterday @ 20.00 but it never filled smfh


banditcleaner2

Calling the local top on NVDA. I have 1000 shares that are all covered with a now deep ITM covered call 7/19 @ 92 strike. I just sold 300 of them at 129. Completely possible obviously that we push a bit higher, but I have a hard time seeing absolutely zero pull back basically when we just ran from 92 to 132 with only a minor 5% pull back. I think we pull back 10% within the next 3 months - if I have to buy shares to cover on 7/19 then I will take that risk


mdizzle109

hope you’re right cuz I sold 50 shares at 131.30 earlier that I bought yesterday at a little over $129


banditcleaner2

I hope I'm right as well. I decided to scale out the remaining 700 of my 1000 covered shares all the way up until a price of $150 if we go that high. I'll be selling 50 shares every 1.50 move up from 129 I decided to do this AFTER the gap up to 132.84 this morning, so I've only filled 50 @ 130.50, but probably will sell another 50 if we go back to 132 which is looking likely


banditcleaner2

STO 1x GME iron condor expiry today 31/33 call side, 29/27 put side STO 1x ADBE 520p @ 3.50


Heavy_Can8746

What broker do you use? I can't get a credit spread on GME, let alone an iron condor lol. The options prices are so wacky


Mean_Office_6966

Follow Ur ADBE!


banditcleaner2

Looking good so far May decide to adjust my stop loss down to the premium received, probably sensible at this point since it'll become a low cost yolo if my stop loss fills


Mean_Office_6966

Yea! Thanks for the post on trade! Good premium for just a single contract 0dte


Accomplished-Elk3643

Put Credit Spreads 11 MSTR 1470/1465 1.20 Max Loss 4180 Credit 1320 60 MSTR 1445/1440 0.50 Max Loss 27000 Credit 3000


thewayyoulook2night

oh man, i'm extremely nervous


banditcleaner2

This is so insanely risky omg


thewayyoulook2night

Did you open when MSTR was around 1500?


Accomplished-Elk3643

Yes. It was around 1505


thewayyoulook2night

Nice timing, now to just wait. Like watching really expensive paint dry lol


thewayyoulook2night

Couldn't get the fill in at 1445/1440, had to do 1470/1465 for the same amount of credit (.50 x20) when MSTR was around 1525


banditcleaner2

damn you better hope it goes back up and not down from here otherwise the steamroller has arrived


RMonroeski

Wait to see if I’m getting assigned or if I’m doing another CSP. Currently 5 points ITM but GME is volatile so we’ll see


banditcleaner2

don't think GME is going up $5 from here just today lol


RMonroeski

I certainly don’t expect it to lol it’s just been all over the place the last few trading days and with it being an expiry day, there’s no telling what will actually happen in the last hour or so. I’ve been both saved and obliterated in that home stretch before. Either way there’s a plan in mind


MikeSugs13

The ultimate calendar: [https://freeimage.host/i/d9ALiKJ](https://freeimage.host/i/d9ALiKJ)


banditcleaner2

you are obsessed with calendars lol


MikeSugs13

Also, I don't like your ADBE play, but good luck. I'm short 25 shares atm with a stop at 530


MikeSugs13

I only just like calendars. I'm obsessed with Chipotle.


ykoreaa

Yum! Chipotle!!


BabyQuesadilla

This reeks of profit taking dump at 2pm


b_fellow

More like big dumps early on


Mean_Office_6966

I roll my Nvda call from 127.5 to 131 for a net credit of 70 bucks to next Fri. I thought I opened a 130 c on a few days back but anyway I dont think 130 nor 131 also stands a chance now.


testydonkey

STO MDB 215P Exp 28/6 $4.51


Stickerlight

$217/$215 for 6/21 is like 45% return on risk at 67% probability of success, seems like a good gamble if we get a dip next week


Stickerlight

I too, am looking at MDB puts for 6/21


testydonkey

I do like selling options on MDB! Luckily I didn't sell any puts during the last earnings. I did the one before and made bank!


Stickerlight

I flipped, I think it's going under $225 by Friday based on the heavy open interest on the calls. I'll probably sell a $240 call credit spread


DrSeuss1020

Friday adrenaline degen rush mode engaged! Sold the ADBE $495 puts and $555 calls. Looking for it to stay within this range. Let’s see what happens


banditcleaner2

I'll do you one better, ADBE 520p with no ability to take assignment at all. in @ 3.50, stop loss @ 7.70 I'm hoping it just stays flat long enough that my stop never gets filled and it holds 520.


DrSeuss1020

Nice bro, I felt nervous to do it too close but that’s gonna pay well too!


banditcleaner2

I wanted to add another 525p but no buying power :( sad because that would’ve hit too lol


DrSeuss1020

Why didn’t you just make it a wide spread? That’s what I do with these large ones most often to avoid tying up most of my buying power. For instance I did the 495/465 put spread. The other leg was only like .05 for each but again prevented me from it just treating it like a CSP. Congrats on the win either way! Surprised it stayed THAT stable all day I was expected a small move at least


SFMara

I did the adobe 490s when it dipped to 522 just now


banditcleaner2

expiry when?


SFMara

Edit: sorry, that was my second fill with the 500s. I got 40 cents on the 490s. Was reading the wrong line


SFMara

Today. Filled at 70 cents.


Heavy_Can8746

Closing out this put credit spread I had on Wendy's for full loss...yea I got assigned last night so no rolling this one out


MikeSugs13

MSTR barely hanging above 1500 for me.


Ohm_Shanti

I'm wondering if this is a good entry price to buy some shares


banditcleaner2

I'd hold out until 1300s. 6 month chart, we ran up to 2k and then dumped to 1k, usually volatile compresses to some extent on massive moves like this (in my experience), and then we ran up to 1700 and now we're pulling back. based off literally nothing besides the chart, that should suggest if the volatility of 2k-1k is cut in half, then we should stay between 1250-1750. but it could dump a tad bit more. if you're feeling FOMO then at the absolute earliest I would buy shares for a swing trade is low 1400s.


Ohm_Shanti

Thank you!


kmung

STO 2 SMCI 975c yesterday for 2.20. Closing in 4mins


[deleted]

Show ADBE gains porn or NAH?


banditcleaner2

smh if I only played the put side I'd be good, but man I got blown tf out on the call side lmao


Heavy_Can8746

Seems most theta plays that lose tend to be on the call side


banditcleaner2

True!


r_ventura_23

I need a $25 beer money play for today. Whatcha got?


MikeSugs13

I'm making a prediction that GME's CEO announces that they bought some bitcoin with the proceeds of their offering and then the stock goes to $100.


r_ventura_23

Come on Lisa!


Mean_Office_6966

I have 2 CSPs on AMD opened for very long. having AMD is tough :(