- Last 24 hours, 2 biggest mistakes of my life!!!
Story time: yesterday when $SPY was supposed to go 800 lol I opened a 400 lots 760 put right before closing for 40 cent a piece. Roughly putting in $16k but within seconds that turned into $20k...
229 points105 comments6 d ago
- If your goal is to collect premium, the short strangle is the best way to do it. Prove me wrong
Same stock, same expiry. Sell a put below it and a call above it. You get paid on both sides and keep it all if the stock stays in between. A cash secured put or a covered call only pays you on...
76 points84 comments2 d ago
- help me understand implied volatility
if i understand correctly iv gets higher when a stock is getting trendy and getting traded in higher value than usual trade for this stock? and also it gets higher the longer the option is and iv...
50 points38 comments4 d ago
- Anyone else just sitting on their hands today?
Nasdaq getting hammered, VIX through the roof, and every put I wanted is priced like the world is ending. Not chasing it. Last time I bought puts after a big red day the market bounced two days...
48 points81 comments6 d ago
- V incoming
Who else's spidey senses are telling them that we are going to gap up tomorrow, like as in almost all the way back to where we were on wednesday. I predict we open slightly up, and then one or...
46 points59 comments6 d ago
- Isn't it the best time to sell options with inflated IVs now?
Looked through the IV percentile and IV rank of the Mag 7 companies and they are all inflated due to the elections. Isn't it a straightforward move to sell options now instead of buying them? Am I...
38 points45 comments5 d ago
- Is options trading basically gambling, or is there actually a realistic strategy?
I'm pretty new to options trading, and one thing I've been wondering is how different it really is from gambling. Nobody can consistently predict where the market is going, so at what point does...
34 points102 comments2 d ago
- Tips on discipline ?
So this is my RH I’m only down 1500 bucks over the last 3 months BUT I put to the side a total of 3k to start trading with. I’m loading up tomorrow 1k but I realized there is some discipline...
22 points43 comments7 d ago
- SPX 0DTE: credit spread in the direction of the morning move, strikes set by the straddle
I've been testing a simple 0DTE idea: by mid-morning SPX has usually picked a direction, so sell premium on the other side of it and size the distance using the ATM straddle. Rules: \- Record SPX...
20 points36 comments5 d ago
- Trouble getting filled on a 200-point SPX Short Box Spread on IBKR
Hello everyone, I’ve been trying to sell a 200-point wide SPX box spread ($20k notional) on IBKR for the April 16, 2027 expiration (\~160 DTE), but haven’t been able to get a fill yet. I selected...
14 points8 comments4 d ago