Search results

UVXY is probably close to declaring a reverse split, some predict 5:1. Will I be able to roll option positions from the old, pre-split underlying into the new, current series? This article thinks yes: "New options will be generated with newly reverse split UVXY as the underlying, but the old...

That was the sentence that changed everything for me. And he does mean it flipped to debit from credit the same day.

Not really. I can still roll the near term shorts up to the further long week and then the whole spread can be rolled if need be. Sell the longs and buy them back at a lower strike, increasing the spread if need be to get more credit. More flexible than with just the puts.

This is going to be my last post on this strategy. More about that later. Trades 2 (GME), 4 (PLTR), and 6 (SPWR) are still open. GME started climbing again this afternoon, I watched it go up 5 points and the value of the short 41s increased, due to volatility. So I bought the 41s back and...

Thanks Magic. I'm open to learning new things and incorporating new strategies. I can see how the long straddle, for example, could be lucrative around earnings for many of these high IV stocks. I guess the idea is that you have a few enormous returns to overcome the times when it doesn't move...

newwurldmn the $74,000 is the amount on those two trades. In the previous calculation I used $114,000.

Week Summary - I opened 5 short put positions this week. I rolled 3, I closed 1, and 1 will expire. This series of trades will provide a good opportunity to follow along as I try to manage the positions that moved under my strike. Trade 2 - GME - Opened 2/12 - Threads #258, #320, #321 - Rolled...

Sorry, original strike on GME was 44, now 41,

Trade 2 - Thread #258 - Rolled 10 GME Feb 19 to Feb 26 @ .52 credit. Cumulative two week credit = 2.03 I've made a boatload on GME over the past few weeks, so I can't complain now that it's behaving like a normal stock.

Trade 6 - Sold to open 10 SPWR Feb 19 38 puts @ .95 credit

Trade 4 - Rolled 10 PLTR Feb 19 27 puts to Feb 26 26 @ .25 credit. Cumulative credit = .67

Should have included the strikes above, BTC 28, STO 27

Trade 4 - I didn't like the way PLTR was dropping into the close, so I gave back .62 and came down a point to 27. Now the idea would be to roll down for Feb 26 to strike 26 for a .30 or so credit, if need be, still yielding over 1% per week. BTC 10 PLTR Feb 19 puts @ 1.88 debit STO 10 PLTR Feb...

Trade 5 - Sold to open 10 WKHS Feb 19 31 puts @ .90

You do your thing, I'll do mine.

So now we know Destriero doesn't think PLTR is worth 27 bucks a share. Well, relax big D, I have an option, so I can always go lower and get it for a price more to your liking.

I said this strategy works best if you are well-capitalized. I would never place anything like my whole account into one trade. Or even 10%. I didn't have so much when I started, and that's why I know that if you are forced to take chances by taking on only a couple or three positions, when they...

And I believe the notional risk posted as of today is 115K.

Who said I had a 44K account? Destriero?

Trade 4 - Sold to open 10 PLTR Feb 19 28 puts @ 1.04 credit