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No this is pretty much the way the accumulation phase looks for me :) I was probably a bit early, but I got paid well for the 23 put due to earnings. I should be able to get .80 for a 21 call which would bring down my break even to 20.59. I would rather keep the shares so I will have to pick...

Indifferent.

Assigned 500 @ 23 Assigned 500 @ 21.5 Just sold 5 AUG9 contracts @ 18. I'm currently down around 5k not including premium collected.

That's 25 trades per day!! I'm assuming you would have that automated and no fees? Otherwise that would be excruciating...plus that would be $350 per day in fees!

Well they used to trade options on the floor so I doubt people were doing the calculus in their heads...or utilizing the Greeks like they do today... But it's definitely all about the math...probably just had

The use of stop losses. Day trading.

Yes I am more bearish short term IF I was trading I would go with the BWB structured with the left tail above x ? I'm starting to understand the setup....basically you want to bleed off extrinsic value on the short option, at a cost of losing extrinsic value on the itm option. The otm option is...

(1) 5500 (-2) 5515 (1) 5540

Here I fixed that for ya...changed to puts and lined it up with the sweet spot. Hey why can't the platform overlay our option strategies on the chart...that would be cool. ;)

Flies are all about @expiry whereas as single call options need to move in a timely manner. By my rough calculations for long options: 68% of the time you will lose money depending on when you close the position because a 1SD move by expiry is at best a break even. 27% of the time you will...

Yes that would have paid off yesterday :) but as demonstrated, spreads and especially fly's perform better, where you can expect between a 1:1 to a 3:1 return on risk on average.

Well I watched a video on multivariable calculus. I went in knowing nothing at all, and somehow now I know even less. :)

(Yes NVDA) My point is that buying options suck as the title suggests when you take into account the probability of making profits versus the risk.

Here is what would have happened with the price drop on Tuesday: AUG9 111 atm put on Monday was @ 4.87 On Tuesday it would have been @ 9.21 when price was at 103.73 So we have a Pnl of 4.34... not even a 1:1 reward. Here are the results of the gap up this morning if you purchased a call...

Code what? I don't use rigid trading rules so automating not really an advantage.

But how can you simulate future bid/ask? I thought these pnl charts just project theoretical price based on time decay. They may adj for IV but the bs calculation does not provide a spread.

So the next question is if that is what they are calculating, then am I going to make $100 @ $105, or lose $36??? lol Yes like when they track pnl based on the previous day, so you could be down $800 but if you are only down $500 the next day it shows the today profit as $300 lol. Maybe on a...

Options, Futures, and Other Derivatives (9th Edition): Hull, John C.: 9780133456318: Books - Amazon.ca

Well you weren't born speaking Optionese, so where did you learn it? :) Larry Mcgowens Options as a strategic investment?

My spreadsheet agrees with option creator @ about $100 pnl on Aug5 with (NVDA) @ $105...but my broker is outputting -$36??