Option Strategies: .SPX& ADSK

Selling For Premium

Hello everyone! Today I want to share some option stratgies with you!

1.

Flat day on $S&P 500(.SPX)$ today? 4535/4530 put credit spread looks tempting.

For example: Took a trade on $S&P 500(.SPX)$ and sold the Nov 22 exp 4535/4530 put credit spread. Wasn't able to post a screenshot of the trade when we executed it since we've been running around this morning doing pre-Thanksgiving errands.

Anyways, knowing that we couldn't monitor closely but having a thesis that SPX was gonna trade flat for today and the theta burn should benefit our position, set a "buy-to-close" limit order at 0.05 to close out the trade since you never know what could happen in the last hour to minutes of the trading day (as in the power players decide to dump the price thus jeopardizing the trade).

The close order executed at some point ... don't know when ... was probs getting a haircut or shopping for food during that time. Hence, the point of the quoted post ... set a stop loss or close order for your trade if you won't be able to monitor it closely. That said, the better advice would be to not take a trade if you can't monitor it closely.

Image

2.

STO $Autodesk(ADSK)$ Nov 24 215/220 call credit spread. Gap at 215 and ADSK dumped on earnings. Don’t think it gets back to 215 by this Friday considering earnings reaction.

Image

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Comments

jigglyp
2023-11-24
jigglyp
The option stratgies you shard are quit nice, your analysis is also helpful and clever. I also like the two pictures you use, its quit clear and contents a lot of useful informations.

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Today I want to share some option stratgies with you!</p><p></p><p>1.</p><p>Flat day on  <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a>  today? 4535/4530 put credit spread looks tempting.</p><p>For example: Took a trade on  <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a>  and sold the Nov 22 exp 4535/4530 put credit spread. Wasn't able to post a screenshot of the trade when we executed it since we've been running around this morning doing pre-Thanksgiving errands. </p><p>Anyways, knowing that we couldn't monitor closely but having a thesis that SPX was gonna trade flat for today and the theta burn should benefit our position, set a \"buy-to-close\" limit order at 0.05 to close out the trade since you never know what could happen in the last hour to minutes of the trading day (as in the power players decide to dump the price thus jeopardizing the trade). </p><p>The close order executed at some point ... don't know when ... was probs getting a haircut or shopping for food during that time. Hence, the point of the quoted post ... set a stop loss or close order for your trade if you won't be able to monitor it closely. That said, the better advice would be to not take a trade if you can't monitor it closely.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/2dae1bf62e1ef3b9905d4c6c7f433e32\" tg-width=\"900\" tg-height=\"321\"><span>Image</span></p><p></p><p>2.</p><p>STO  <a data-mention-id=\"ADSK\" class=\"teditor-mention\" data-mention-name=\"Autodesk\" href=\"https://ttm.financial/S/ADSK\">$Autodesk(ADSK)$</a>  Nov 24 215/220 call credit spread. Gap at 215 and ADSK dumped on earnings. Don’t think it gets back to 215 by this Friday considering earnings reaction.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/8f9f0fdee2a5c5e6dcb238dac3c4d4c1\" tg-width=\"690\" tg-height=\"1200\"><span>Image</span></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://twitter.com/Selling4Premium</p></body></html>","htmlText":"<html><head></head><body><p>Hello everyone! Today I want to share some option stratgies with you!</p><p></p><p>1.</p><p>Flat day on  <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a>  today? 4535/4530 put credit spread looks tempting.</p><p>For example: Took a trade on  <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a>  and sold the Nov 22 exp 4535/4530 put credit spread. Wasn't able to post a screenshot of the trade when we executed it since we've been running around this morning doing pre-Thanksgiving errands. </p><p>Anyways, knowing that we couldn't monitor closely but having a thesis that SPX was gonna trade flat for today and the theta burn should benefit our position, set a \"buy-to-close\" limit order at 0.05 to close out the trade since you never know what could happen in the last hour to minutes of the trading day (as in the power players decide to dump the price thus jeopardizing the trade). </p><p>The close order executed at some point ... don't know when ... was probs getting a haircut or shopping for food during that time. Hence, the point of the quoted post ... set a stop loss or close order for your trade if you won't be able to monitor it closely. That said, the better advice would be to not take a trade if you can't monitor it closely.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/2dae1bf62e1ef3b9905d4c6c7f433e32\" tg-width=\"900\" tg-height=\"321\"><span>Image</span></p><p></p><p>2.</p><p>STO  <a data-mention-id=\"ADSK\" class=\"teditor-mention\" data-mention-name=\"Autodesk\" href=\"https://ttm.financial/S/ADSK\">$Autodesk(ADSK)$</a>  Nov 24 215/220 call credit spread. Gap at 215 and ADSK dumped on earnings. Don’t think it gets back to 215 by this Friday considering earnings reaction.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/8f9f0fdee2a5c5e6dcb238dac3c4d4c1\" tg-width=\"690\" tg-height=\"1200\"><span>Image</span></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://twitter.com/Selling4Premium</p></body></html>","text":"Hello everyone! Today I want to share some option stratgies with you! 1. Flat day on $S&P 500(.SPX)$ today? 4535/4530 put credit spread looks tempting. For example: Took a trade on $S&P 500(.SPX)$ and sold the Nov 22 exp 4535/4530 put credit spread. Wasn't able to post a screenshot of the trade when we executed it since we've been running around this morning doing pre-Thanksgiving errands. Anyways, knowing that we couldn't monitor closely but having a thesis that SPX was gonna trade flat for today and the theta burn should benefit our position, set a \"buy-to-close\" limit order at 0.05 to close out the trade since you never know what could happen in the last hour to minutes of the trading day (as in the power players decide to dump the price thus jeopardizing the trade). The close order executed at some point ... don't know when ... was probs getting a haircut or shopping for food during that time. Hence, the point of the quoted post ... set a stop loss or close order for your trade if you won't be able to monitor it closely. That said, the better advice would be to not take a trade if you can't monitor it closely. Image 2. STO $Autodesk(ADSK)$ Nov 24 215/220 call credit spread. Gap at 215 and ADSK dumped on earnings. Don’t think it gets back to 215 by this Friday considering earnings reaction. 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I also like the two pictures you use, its quit clear and contents a lot of useful informations.</p>","text":"<p>The option stratgies you shard are quit nice, your analysis is also helpful and clever. I also like the two pictures you use, its quit clear and contents a lot of useful informations.</p>","html":"<p>The option stratgies you shard are quit nice, your analysis is also helpful and clever. I also like the two pictures you use, its quit clear and contents a lot of useful informations.</p>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/244460724363384"}