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I avoid trading large lots because I feel the algos get triggered and they will come after your position.

I've traded as much as (long) 300 contracts on a 0-3 dte. Kind of like reddit style but I didn't have a 10M account so was not able to hold the position like I would like to...with a 10M account a 60k loss is like losing $6000 with a 1M account, $600 with a 100k account or $60 with a 10k account.

Well I don't know if I would call myself risk averse...I was down 150k on TWTR for about a year before paying off a second mortgage when it recovered from a buyout rumor. :) That wasn't so much a technical trade as it was I figured it would be bought out at some point...turns out a rumour was...

Well close to $4, with the IV I was down around $1200. I even double dipped :)

Who are you guys referring to? I just posted a trade everything took off from there.

All crypto profits circa 2018-2021...

If you want me to dumb it down for you. It's basically a large cup and handle. I was the one calling for this 60k bitcoin push back in the summer and during the FTX scandal while everybody was running for the hills.

(Weekly/daily/4hr) I'm expecting some sideways movement and an ABC single correction at least. It could still make its way to 70k + before the correction. Basically if it does not launch to 100k then the correction has begun and could take us down to mid 40k by the end of the year before the...

Ok well looking like a single correction is forming so back down to 50 ish...and if a double correction then down to 40ish. If Bitcoin doesn't leg up again then this is the pattern I'm expecting. It definitely looks to be weakening on the RSI. So either way the correction is coming just might...

You sound like such a noob. You drank the retail coolaid clearly.

When did I say I was buying and averaging down on a stock? Talking about selling puts. The averaging down I only do on things that I want to keep like indexes.

Everyone and their uncle would closed that trade. That's why everyone and their uncle doesn't drive a (2008) Lambo.

I said 5K per...not 5k total.

Let me guess you trade parity arbitrage zebra spreads? While you are adding up deltas I'll be doing doughnuts in my (2008) Lambo. Btw I just showed you a GREAT options trade.

I just did some quick math but the premium return on risk for NVDA would be only like 3% and would be locking up a lot of capital.

I might have if the IV was high. I would have been banking premium all the way up. Any losses would have been hedged by the premium collected depending on how long I was trading it...1 lot would have put 9k at risk. Who knows it might have even turned out to be a break-even situation. Only...

Are we going for another leg up to 80k plus or what?

Do the math. It's 3 lots. That's the max I do currently for any non-index stock.

It's not a bull market when you're selling options people. You can lose large over a week. But I've run the numbers against even a 1987 scenario... You have to take into account even in a catastrophic downfall. It will recover rather quickly and in a steady downtrend you recover on the way down...

Since when are we in a bull market? All that matters is what the market does during the life of the option. It could be completely bearish for a week, even if it's overall been bullish.