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  1. M

    Why not just write OTM covered calls on your stocks

    This is an extremely common strategy, and usually the first options trade stockholders ever make. The only thing you have to watch out for are "black swan" events - an earnings call or some other news that takes your stock much higher - then you will lose out on the gains. Here is another...
  2. M

    greek and southern european debt

    https://etfdb.com/etfs/country/greece/ There are ETFs for everything these days - try Google.
  3. M

    NVDA

    The stock went down for a number of reasons: 1) The decline in blockchain growth meant the need to buy more NVidia processors dropped to nearly zero. 2. NVidia just upgraded its latest chips, but they are substantially more expensive and the older ones are still superior to most of what is out...
  4. M

    TSLA 2019

    Let's not over-simplify this. It is not as if I don't understand the advantages of city life and not needing a car, I lived in Manhattan for 10 years. But guess what, I still bought a car because I wanted to go places the trains don't go. But the real question is not about what's practical, it...
  5. M

    TSLA 2019

    Man - those ARK millennials are truly dyed in the wool Tesla fans. What was the projection, $4000/share by 2021? (did I hear that correctly?). And that is all based on their assumed "first to market" advantage in the autonomous vehicle taxi market. I do understand the advantages they have right...
  6. M

    Iron Condor in the Black - but two legs have no bids

    I am sorry, you are right. I did not have an IC, it was two vertical Call spreads. I screwed up because I was writing the post by memory instead of looking at the actual position - sorry. I only mentioned the two legs that had no bids because I thought it was obvious the other two both had...
  7. M

    Iron Condor in the Black - but two legs have no bids

    Broadcom... currently $272.59 Jun7 exp. +2 calls @ $312.50 spread = .05 to $1.85 (the has been bid=0 for days) +1 Call @ 320 spread = $.00 to $1.60 My portfolio shows I have $38 profit for the 312.5 and a $114 profit for the 315
  8. M

    negative theta

    Here is what I have found - if my theta is TOO high it mean I have too many positions purely in premium collection strategies. 30% of those are bound to move against you. I recommend you watch the videos at TastyTrade to learn about managing options. The recommended move is to move up the side...
  9. M

    greeks

    Gamma only increases drastically in the last week or so of trading, getting higher as DTE get closer. As long as you get out of the position at least a week out from DTE you are rarely exposed to any danger from Gamma. (this is my understanding). Theta is the hardest one for me to get ahead...
  10. M

    Iron Condor in the Black - but two legs have no bids

    I have an IC in AVGO worth almost $200, but two of the legs on the call side have a spread close to $1.00 with $.00 at the bid. I can't seem to close these so I am leaving money on the table. I can close other trades in AVGO - but these never close. Any ideas?
  11. M

    Finding the best Strategy; Condors, Lizards, Butterflies

    Just to be clear - Tastytrade is a very successful site and brokerage. And they are gaining more credibility every day. Karen the supertrader? Look up her story, she was a very big success until she made a technical error in reporting her income to her investors. Her strategy is to sell...
  12. M

    Finding the best Strategy; Condors, Lizards, Butterflies

    Robert - are you familiar with the tastytrade web site and their options interface? Basically, they do "sell" the idea that you can make money just selling premium, BUT the problem is that you need a high VIX and it has been stuck in the low teens far too long. (it is finally moving some). I...
  13. M

    Finding the best Strategy; Condors, Lizards, Butterflies

    I am somewhat new to the multi-leg, premium-selling style of using options. But the more I do the less I seem to like it. I started out with a lot of Iron Condors because they seemed the safest, but I have a really hard time picking my legs. If a stocks moves very far in either direction you...
  14. M

    Good book

    Go to Tastytrade.com and take their tutorial on options strategies. OPtions Alpha is another good site for learning the various approaches.
  15. M

    Selling Put vs Buying Calls

    The obvious difference is that when you sell a PUT you collect a premium (you are short the Put, meaning you hope the stock goes up so the Put is worth less when you buy it back and you keep the difference, but it can also become more expensive to get out of the position if the stock goes down)...
  16. M

    Modern Daytrading vs Old School

    I really want to comment here. I had been a very good day trader in the past (1995-2001s, 2009-2012s) but when I recently retired and decided to try again, I got slaughtered. Yes, I made many stupid mistakes, but these are "new mistakes" - things that used to work for me now worked against me...
  17. M

    What are some low risk to reward ratio strategies?

    Selling options always puts you in the position of collecting the money that comes from time decay. This is known as Theta (or "premium") and for many options traders their entire strategy is about selling options and collecting premium. A typical iron condor sells the puts strangle at the...
  18. M

    Option Assignment Threshold

    The general rule of thumb is that it is very rare for your ITM options to be assigned as long as the shares are cheaper than the cost of buying the option just so they can get the shares. In other words - check your extrinsic value and make sure your options are still more expensive than the...
  19. M

    Corporate earnings dates

    Most brokers will give you a pretty exact earnings date well in advance for any stock. It is also usually a pretty good bet to look at the last date and figure it will be exactly 90 days forward (not an exact thing, but usually pretty close). EarningsWhisper.com is also a really good calendar site.
  20. M

    Buying call options ahead of earnings has been profitable

    I am trying to figure out the best earnings options strategy myself. Many players do straddles and some news organization always publishes the expected historic move for each company earnings on the day before. But I am not convinced that is the best play. I tend to think it is better to use...
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