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I purchased my first home in California back in 1995. Man I loved it there back then. California real estate is dead to me now. So many problems it is sad. The left has ruined the state. It will take huge reforms to turn things around for California. The flight is real.

This is one of many reasons why I prefer having multiple brokers.

Glad to meet a TSLA bull on ET that has retired early. I presume you are a 7 figure trader but you don't trade options on TSLA but own the underlying? Nothing wrong with stock only and being super bullish on one stock... I know a lot of peeps do that. I'm always curious about early retirement...

I'm not as tech savy as you so I just build & buy with Lenovo. I like that they offer a warranty plan where they service your computer at your home. I have used this service and it is excellent! I have a thinkstation mini at home with 2 screens and use lenovo laptop for non-trading stuff or when...

short is on a short leash into next week.

you are not the only one. i am long the walmart and short the tesla.

It's anyone's guess right now. Market moving up on all news... good or bad. My bet is on a pop & drop next week so I'm long into next week and short into September. In a perfect world I'd like a spike to 3450 then a drop to 3100 (200 SMA). If we stay range bound I'll just be lighting fires.

When trading the spx do you prefer to put the trade on all at once or the short strangle/straddle first then the wings for better fills or via spreads or some other way? Just curious how others enter their condors/flys. Thanks for sharing!

Yes, true. Still, they are priced for perfection. With that said I like selling the short dated straddle and buying a later dated strangle. I'll see how it prices tomorrow. earnings in a covid shitshow. There is a 90% chance I won't put on a trade here.

where do we go from here? I'm rotating back into banks and utes which is away from the recent action into qqq so time will tell

I like it... will watch for a run up tomorrow. Might sell a straddle and buy wings for a downside play.

I think it is possible to be a position & vol trader. I'll let the more pro vol traders comment on this but when I put on a bwb or spread trade it almost always favors a direction. The goal of being on the right side of volatility is giving your position some breathing room. I completely...

Chef... do you finding yourself buying single options or putting on spreads and more complex strategies? Just curious about your trading style.

The older I get the more I am aware I may die before closing a trade... something to think about lol. Of course this doesn't apply to the OP as he said he isn't trading in a retirement account. Me bringing this up on a thread about ICs was a poor choice. Since you asked... once assigned the...

Thanks Blue... I get ya. You are experienced and would understand. OP appears to be a new trader and a 1 dollar spread on IC seems like an unlikely worry for early assignment yet he worried about assignment of puts. I find new traders only worry about puts but when they get their first...

Ok good. I just asked as you focused on early exercise of the puts but didn't mention early exercise of the calls. Early exercise of your short calls would have you short the underlying which is no big deal in your account. In a retirement account you would have to close the short position which...

wburt... are you considering this trade in a retirement account?

I only like C. Selling naked puts less risky than buying the stock I suppose. Wheel strategy would have you put to I believe so why buy back at a loss? Buying calls in this market is a sure winner... until it isn't. I'd rather see you spend time learning option strategies that aren't negative...

what underlings are you selling on?

Whether he wins or loses I view 2020-2024 as a most likely period of suck. Too much polarization. For me it will suck less if he gets 4 more years.