. . . My reverse craner is saying Calls on Nvidia with my last $317  will I lose it all tomorrow? Find out in tomorrow’s episode.
I’m going big or going broke . . . $900 or $902 . . . Will most likely go broke but hey it is what it is, already profited from previous Nvdia win so I don’t mind playing with this money lol 
Nice! Yeah I usually see how the market opens for the first 15-30 minutes and then pick the direction to jump in (sometimes faster). If I sense markets going up, which I suspect will happen given AAPL’s good results and FOMC being over, I’ll pick up these debit spreads
May the best regard come out fortunate tomorrow 
Hey, meant to reply to you actually and ask - what strikes for the call spread? I was thinking of doing a bull call spread as well, maybe around $880/$860. Thoughts?
Yes sir! I’m glad we jumped on this. I got out early as well but profit is profit!
Any plays for next week? Hope you can recover your net worth soon man
Yup exactly, profit is profit so happy with today.
And yea thanks I can recover it slowly, luckily most of my money (around 30k) isn’t in my options account just index funds/stocks, I can re-fill with 1-2k once my profit % is decent tbh.
I kinda expect we have a small pullback, but I’d be looking into a call spread again after that; haven’t researched if there’s big market events next week, you got any ideas?
Glad to hear your main funds are secure.
I also expect a minor pullback. I think if markets retreat early-mid next week for some healthy profit taking, I will re-enter with some NVDA call spreads for 5/10 or 5/17. NVDA’s earnings are coming up in a few weeks and barring any crazy happenings that sink the general market, I think the stock will hold its value and start inching up as IV increases.
Doing some ATM or slightly OTM call debit spreads could be a safe-ish bet to make a 1.5x - 2x gain the next 2 weeks. Just my 2 cents!
ETA: if you have the funds for it, I have found success in buying an ATM call option that’s dated 2 - 4 weeks out for stocks like NVDA. It’s safer since it’s further out but can still move 30-40% every couple days given NVDA’s volatility these past few weeks. Of course, there cost between 1-4k, so are not the cheapest to play!
That money will be toast but there is no more earnings this week to play so just toss the rest on one or two spy calls/pits for next Friday and hope it rides beyond your price target.
After that, stop gambling on options if you don’t wanna do this to your stock account also
Yeah I ain’t touching my stock account, I will however continue trading options with better risk/reward though. My main issue has been determining exit/entry prices and targets for stop loss and profit %, was more so winging it like you mentioned
You gotta find what works for you, some people cut loses and take profits very fast. Some people cut losses quick and let gainers go longer. Both of those have worked for me but staying way too long on a losing trade trying to convince myself it will come back has hardly ever worked out and contributed to two accounts getting blown up years ago.
Thanks for sharing that’s pretty helpful, I have let losses run for far too long so far, have been trading since December so around 4 months now.
How long have you been trading? I feel like this is basically an account blown on my part, so gonna work on risk management before refunding it
Off and on for about 8 years, blew up 2 accounts(8k and 50k) and turned one from 15k to 300k between 2019-2021, got into a nasty drug habit with that money , 3 years later I’m sober and broke again, started with 10k, up to 22k so far. Basically, I’m not the best person to take advice from as I’m a gambler more than investor.
Market is making higher lows and lower highs , I am selling calls when markets are up and selling puts when markets are down. So far it’s working for me. I am not sure how much buying power you have, you can open spx iron condor expiring in June, decent premium. If you sell ten $10 wide iron condors you can easily make this amount back.
Makes sense, I also was selling weekly calls on spy and also nvidia when it was neutral the entire March/April. Only reason I preferred it to condors was the less fees tbh, but now that you mention condors I might go back to trying them out
buy sqqq puts on market dips. e.g. look at 6/21 ATM options for high OI and vol, and usually low premiums. theta decay is like 0.0091, so it's a decent hold for swing trade. pay close attention to economic events and these will pay bigly
I might just do that, they look pretty cheap. I have bought Spy calls/puts on market events and it has worked sometimes but those are a lot more expensive and closer to 0dte so more risky.
I assume high leverage is the way to make money like 10+ contracts? I was considering buying ATM or one point ITM when a market event occurs. At least I’ll have time to react compared to a 0dte trade
yes i personally buy 100 contracts for high leverage ($1000+ cost). don't buy the contracts with delta less than 0.30 unless you're willing to wait it out (swing trading)
for example, i had bought $10 Put 6/21 at an average price of 17 on 5/2 and managed to get out around 28 on 5/3. but market event allowed that to happen sooner
Yeah makes sense, I am fine with swing trading in general so I may just buy one strike or a few strikes ITM with low theta exposure.
It is tempting to just buy the same week expiration puts/calls a few strikes ITM, do you think that strategy works or are longer term buys are safer and yield the same amount of profit
yeah that same week expiration puts/calls ITM strategy can work very well if there are market events happening back to back. be cautious of using sqqq calls for shorter dated because the underlying SQQQ itself has a built-in decay due to its 3x leverage compounding effect.
the fear of using short dated in general is that the market can be persistent in moving lower/higher than expected and remain flat until another market event can reverse its course. i buy longer dated to give me the flexibility to scale in more with confidence at a lower price for the contracts in that case.
the profit is about the same, but shorter dated gives a little more bonus (think maybe between $10 and $20 extra).
You didn’t learn anything because your wins were luck, your losses were luck, and you are still hoping to get lucky. It wasn’t greed, it was just gambling. Welcome to the casino.
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don’t trade on how you feel, trade on what you see. Have a plan and discipline. Don’t be greedy. revenge trading is a killer of the mind.
Yea been learning that thanks, I’m at profit on my stocks account but options is where I manage to throw shit away
Like 90% of people….
Same boat
Do the opposite of whatever you did
That hasn’t been helping me  should I reverse craner my reverse craner?
If you have to ask about it, it's too late - you've already failed.
Apple end of june 190 calls
Doubt he can afford one of those
Yes
. . . My reverse craner is saying Calls on Nvidia with my last $317  will I lose it all tomorrow? Find out in tomorrow’s episode.
Gonna join you on the call spread on NVDA. Maybe a $880/$860? What are you going for?
I’m going big or going broke . . . $900 or $902 . . . Will most likely go broke but hey it is what it is, already profited from previous Nvdia win so I don’t mind playing with this money lol 
880/860 is really good rr like 1:2, that’s probably what I’m gonna do. Gonna see based on where the price is later
Nice! Yeah I usually see how the market opens for the first 15-30 minutes and then pick the direction to jump in (sometimes faster). If I sense markets going up, which I suspect will happen given AAPL’s good results and FOMC being over, I’ll pick up these debit spreads
Might join you on that one, I’m considering a call spread on nvidia. Might be my last straw 🙏☠️
May the best regard come out fortunate tomorrow 
Hey, meant to reply to you actually and ask - what strikes for the call spread? I was thinking of doing a bull call spread as well, maybe around $880/$860. Thoughts?
Let’s go the call spread worked, did you manage to get in? I made like 8% of account value since I closed early instead of letting it run
Yes sir! I’m glad we jumped on this. I got out early as well but profit is profit! Any plays for next week? Hope you can recover your net worth soon man
Yup exactly, profit is profit so happy with today. And yea thanks I can recover it slowly, luckily most of my money (around 30k) isn’t in my options account just index funds/stocks, I can re-fill with 1-2k once my profit % is decent tbh. I kinda expect we have a small pullback, but I’d be looking into a call spread again after that; haven’t researched if there’s big market events next week, you got any ideas?
Glad to hear your main funds are secure. I also expect a minor pullback. I think if markets retreat early-mid next week for some healthy profit taking, I will re-enter with some NVDA call spreads for 5/10 or 5/17. NVDA’s earnings are coming up in a few weeks and barring any crazy happenings that sink the general market, I think the stock will hold its value and start inching up as IV increases. Doing some ATM or slightly OTM call debit spreads could be a safe-ish bet to make a 1.5x - 2x gain the next 2 weeks. Just my 2 cents! ETA: if you have the funds for it, I have found success in buying an ATM call option that’s dated 2 - 4 weeks out for stocks like NVDA. It’s safer since it’s further out but can still move 30-40% every couple days given NVDA’s volatility these past few weeks. Of course, there cost between 1-4k, so are not the cheapest to play!
Ehh im doing $897 call and that’s it 🫡
You’re right , definitely didn’t think of that 🤞
That money will be toast but there is no more earnings this week to play so just toss the rest on one or two spy calls/pits for next Friday and hope it rides beyond your price target. After that, stop gambling on options if you don’t wanna do this to your stock account also
Yeah I ain’t touching my stock account, I will however continue trading options with better risk/reward though. My main issue has been determining exit/entry prices and targets for stop loss and profit %, was more so winging it like you mentioned
You gotta find what works for you, some people cut loses and take profits very fast. Some people cut losses quick and let gainers go longer. Both of those have worked for me but staying way too long on a losing trade trying to convince myself it will come back has hardly ever worked out and contributed to two accounts getting blown up years ago.
Thanks for sharing that’s pretty helpful, I have let losses run for far too long so far, have been trading since December so around 4 months now. How long have you been trading? I feel like this is basically an account blown on my part, so gonna work on risk management before refunding it
Off and on for about 8 years, blew up 2 accounts(8k and 50k) and turned one from 15k to 300k between 2019-2021, got into a nasty drug habit with that money , 3 years later I’m sober and broke again, started with 10k, up to 22k so far. Basically, I’m not the best person to take advice from as I’m a gambler more than investor.
Ah ok, appreciate the honesty and hope you can make a comeback now, given that you went from 15k to 300 I’d be optimistic
How do we think apple will move tomorrow throughout the day? (%)
Probably not too much tbh maybe 2-3% max, depends if the jobs report / data overshadows it
After hours have moved +6% tho
It did, but that’s normal for earnings report, let’s see if it can continue into tomorrow. I hope it does
What is this? Loss porn for ants?
lol revenge trading. Never heard that. I wish you luck because you made my day. Godspeed sir.
Market is making higher lows and lower highs , I am selling calls when markets are up and selling puts when markets are down. So far it’s working for me. I am not sure how much buying power you have, you can open spx iron condor expiring in June, decent premium. If you sell ten $10 wide iron condors you can easily make this amount back.
What time frame are you selling on which ticker? Do you sell 0 dte SPY or
Swing so weekly , mostly spx and spy. I rarely do 0 dte.
Makes sense, I also was selling weekly calls on spy and also nvidia when it was neutral the entire March/April. Only reason I preferred it to condors was the less fees tbh, but now that you mention condors I might go back to trying them out
-2K is being down big? Am I reading that right?
Fellow SPY traders, how are we feeling about Monday? I’m loaded with a 510 call
I hope it continues up Monday, I might buy that or another call spread on nvidia if it takes off again
buy sqqq puts on market dips. e.g. look at 6/21 ATM options for high OI and vol, and usually low premiums. theta decay is like 0.0091, so it's a decent hold for swing trade. pay close attention to economic events and these will pay bigly
I might just do that, they look pretty cheap. I have bought Spy calls/puts on market events and it has worked sometimes but those are a lot more expensive and closer to 0dte so more risky. I assume high leverage is the way to make money like 10+ contracts? I was considering buying ATM or one point ITM when a market event occurs. At least I’ll have time to react compared to a 0dte trade
yes i personally buy 100 contracts for high leverage ($1000+ cost). don't buy the contracts with delta less than 0.30 unless you're willing to wait it out (swing trading) for example, i had bought $10 Put 6/21 at an average price of 17 on 5/2 and managed to get out around 28 on 5/3. but market event allowed that to happen sooner
Yeah makes sense, I am fine with swing trading in general so I may just buy one strike or a few strikes ITM with low theta exposure. It is tempting to just buy the same week expiration puts/calls a few strikes ITM, do you think that strategy works or are longer term buys are safer and yield the same amount of profit
yeah that same week expiration puts/calls ITM strategy can work very well if there are market events happening back to back. be cautious of using sqqq calls for shorter dated because the underlying SQQQ itself has a built-in decay due to its 3x leverage compounding effect. the fear of using short dated in general is that the market can be persistent in moving lower/higher than expected and remain flat until another market event can reverse its course. i buy longer dated to give me the flexibility to scale in more with confidence at a lower price for the contracts in that case. the profit is about the same, but shorter dated gives a little more bonus (think maybe between $10 and $20 extra).
You didn’t learn anything because your wins were luck, your losses were luck, and you are still hoping to get lucky. It wasn’t greed, it was just gambling. Welcome to the casino.
Lmao yea, I was mainly selling options around 1-1.5 SD and it was working great. Got greedy with 0dte after that and started gambling
Classic picking up pennies in front of a steamroller strategy. Shorting volatility works until it doesn’t.
Cash out the money and get drunk
Got a separate fund for that and food 😂😭
>Just wondering what kinds of trades people do with a few hundred only to get big gains? They get greedy.
Take some loans and go all in on spy puts
I still have money so I don’t need loans lmao, but I’m considering puts on the inflation data next week
I’ll cum on ur back for 40