Recent content by john demp

I also sold a naked NIO option last week. It cost about $2K of margin per contract naked. It's a very popular strategy but you need to sell the right strike price so there's a low probability that it will hit your level.

I would invest in QQQ as well - split up your investment. QQQ has better ROI then SPY. Maybe put some on DIA as well. Stay away from IWM. What delta do you plan to sell at? It's probably better if you do monthly instead and take off profit at 30% to 50%.

I got screwed on BIIB for something I thought would never happen. I created a GTC 0 cost butterfly 1-3-2 spread as a reminder to play BIIB back in OCT. Just let the GTC order sat there and did not think it would fill, then on 2 days after BIIB jumped up 100, it got filled. I was just going to...

the key , I believe, is that if you bought deep in the money, it will be exercised at that price and you end up losing all the intrinsic value which could be a huge loss.

Since the price of option is so expensive, you are selling short to lessen the cost in order to afford it and lessen the risk. I think the risk/reward is the same if you just buy the call. For example, I'd rather buy 1 call option instead of 2 if I think it's too costly instead of buying a...

don't forget about GPRO on Tue. BTW what a good source to get company's earnings? I've been using zacks.

These are near the money strike price at 4,5,6,7. Date to exp is 2 to 9 days. vega all 0 on these. very strange then. thks.

So why do some options have VEGA and some don't. Example GEVO reported earnings today -- IV =200%, float =9M, vega = 0, stock price =$5.18? Thanks.

I assume the MM will mark up the option pricing for that month when earning is expected to come out which will make the option pricier that particular month? Thanks.

I bought near money call options on TSLA knowing it would have good earning reports with IV at 150%. Stock went up 3% or $6 following earnings. Yet my call options lost 45%. All the ITM & OTM CALL option near the money lost on that day. All buyers of PUT or CALL options lost money that day...

Yes, you should be able to buy up to value of your acct less fees/commissions.