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Not a veteran, but there’s one case where I would consider a naked call: Let’s say stock is near technical break out level. We know that break outs are prone to fail or at least retest. So, sell call above break out level, but far enough to buy shares below strike if it does break out. So you...

TSLA hits $850 ... I hate options! Always a day too short in duration, and a strike too far! Serenity Now!

Maybe it has to do with below? I have been waiting for gap down day, but it’s not happening … just orderly selling/rotation. No panic out there, at least not yet. https://www.elitetrader.com/et/threads/cramer-brilliant-vix-insights.364390/

Lol, apparently, I could've pushed even more as the market continued crashing all the way to the close. I am trying to do a trade review and see if there's anything I can learn from this trade. It's mostly for me to dot the i's, so may not be worth reading. I risked almost 3.7k on the trade...

Yeah I agree. This “normal” correction feels like a crash because we’ve had none for so long. Fed just wants to deflate the speculative markets, not wipe out 401Ks. Democrats are not looking good either, so we may see political shift to the right as well. This should be a good year for mean...

I agree. I noticed the behavior but the video explained it well - volatility swell - will add to my vocabulary.

So this would never happen again? What had to be done? Can’t just leave us hanging like that!

Betting on the green :) I said what the plan is - if we pop off 200 DMA, I will most likely start getting back to cash(I'm 15% cash but have some puts underwater). If we dump further, I HODL. Inflation is in the spotlight and there's no better way to curb inflation than [gently] deflate...

I put most of my cash back into stocks. This maybe way too early and I will most likely get back to cash if there's a good pop. If not, I'm stuck :)

Common, I don’t expect this from you. Just because he has access to a successful trader doesn’t mean he can just miraculously get his edge. Why is it so difficult to believe that there are successful traders? Why the hell are we here then!?

Done with it - closed at $22.22. Pushed it as far as I could :)

I meant, is he a professional (as in working for a firm), is he day-trader, swing-trader, position-trader, technical or fundamental, etc.

Whom did you observe?

A prudent thing would be to take the money and run, with only one day left. But that wouldn't be gambling, would it :)

How much did you get for 95s? I looked at 30DTE and there wasn’t even a bid.

It’s interesting that people start down playing Lynch : Oh, this was long time ago market is more efficient now, etc. But then you read about Chris Cammillo of the Unknown Market Wizards.

Well, deal can fall apart, but perceived value should stay. I had a small position and I doubled it today with avg px at $76. Let’s see what happens.

So is it like free money? I mean if Microsoft is willing to buy at 95, how low can it go?

I got assigned on the short puts. Obviously not the expected/preferred situation. Here's where I stand: CRM: Cost: -1,885 (9.95+9.00) Closed: +900 Net: -1,000 approx DTErn: 37 (2/24) DTExp: 59 ROKU: Cost: -2,589 (14+11.89) Closed: +750 Net: -1,839 approx DTErn: 30 (2/17) DTExp: 59

Average hold time?