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too much fun, Who cares…

Straddles Calendars Diagonals

I’m tellin ya, We ain’t doing stocks no more , We’re doing spreads, Strangles, Condors Butterflies Synthetic covered calls… no, really…

They're (we're) hitting Options pretty heavy too, right?

The rescue effort is obscene. They're dead. They've been dead for days.

I asked my question poorly. Sorry everyone.

My main point is, the deeper ITM the Call is, the smaller the price diff is to roll.

I've been rolling this position for a few months, and these aren't my only TSLA Calls. I've been laddering.

The key word is: Rolling

My "Greek" friends: Why is the premium on a same date expiration ITM Call so different for two Calls? TSLA is around $257 today. I have 2 TSLA ITM Calls A long TSLA 200 Call, A short TSLA 240 Call, Both expiring this Friday. To roll both of them out one week, The 200 was -$50, the 240...

Hypothetical: You bought a Put Option of a $100 underlying, and it tanks BIG time, goes to single digits. You want to sell but probably can't even get the intrinsic value, right? There'd be no buyers, right? Would you get filled? Would you have to accept a reduced price? Just curious.

I have an acquaintance that sells Nekked Calls. He maintains that gap downs are more frequent and violent than gap ups. I have no hard data but it sure seems that way to me. He says there's more danger in writing Puts. I just don't have the stones for Nekked Calls.

I changed some things and added another vertical.

Oh Hell, enough with the hypothetical, Let’s do a real world test. This is my current META Synthetic Covered Call position. I took this position a couple months ago, buying the 2 way out monthly's and writing the Calls every week, rolling up every time, so I'm ahead. I’m fortunate that it’s up...

Did some nibbling today, getting the cost basis down here and there. Took a few new synthetic Covered Call positions. Very small moves. We prolly ain't done on the downside. It's entertainment.

Never let a crisis go to waste. ~ R E

...and when you opened it determines if you made money.

Option premiums will be fat.

SVB was a VC firm disguised as a bank.

"May you live in interesting times" Win, lose or draw, you gotta admit, this is fascinating shtuff. Sam Bankman-Fried, Now this? Lotta fraud going on.