Wasn't planning on placing many ER trades this week, but took a few. Snuck in a pre-earnings trade on $Alphabet(GOOGL)$ . Now off to the pool. - STO Apr 26 exp 130 strike puts This play is for assignment if Google drops to 130 ... otherwise, will happily just capture the premium. 130 was a previous bottom support level. Gap around 143.ImageImageFollow me to learn more about analysis!!https://twitter.com/Selling4Premium
Hello everyoone! Today i want to share some option stratgies with you!1.Long-term investing in tech is dead as of 2020! Stock market gets pumped and dumped and months-to-years of value erased in the snap of the fingers to where there is no gain or you are now sitting on a loss. What incentive is there to invest for the long-term anymore? Seems like this market has paradigm-shifted (since the influx of retail traders during the pandemic) into stealing liquidity from retail versus creating long-term monetary benefits for investors and shareholders. Curious to hear what everyone else thinks. What are your thoughts?2.Let's get some optionselling loss porn going. We had a horrible week to the tune of a $15K drawdown! ❌ Our few weekly trades were profitable, but our longer-DTE option-writing tra
Hello everyone! Today I want to share some option stratgies with you! 1.People have messaged us asking why we are not doing a lot of optionselling earnings trades this week. We appreciate ya'll thinking of us. Answer: Purposely avoiding adding more trades to our basket. We are trying to reduce our current positions and have had to roll a few positions already. We also try to avoid trading too much during OPEX week due to the wild swings and uncharacteristic movements of the market, which sometimes can exaggerate the post-earnings move to where our typical risk cushion doesn't hold up. We prefer to avoid that situation. Good luck to everyone who is writing options during this crazy week.2.Anyone gonna sell puts on $Nasdaq100 Bull 3X ETF(TQQQ)$ to t
Hello everyone! Today I want to share some option strategies with you!1.Mark said the key thing here when it comes to put optionselling ... keep you positions "mangeable" so that if the market dumps like today (and has been since last week) you are able to: 1. Close at minimal loss, or 2. Roll without being so deep ITM that you'd be better off just taking the L versus rolling so far out for a strike not that much lower that you tie up buying power and don't really increase your risk cushion by that much, or 3. Meet (or better yet avoid) margin calls since you are not too much over-extended or over-leveraged2.The price action on $S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$
Hello everyone! Today I want to share some option strategies with you! 1.Got assigned $Advanced Micro Devices(AMD)$ shares on Friday last week from puts we sold. Decided not to roll the position. For this week, we have the 160p strike in play. Will do the following: - Sell calls at the 175 strike Apr 19 expiration (covering our assigned shares) and will roll down to 167.5 later in the week if AMD does not break back and stay above 170 - Sell naked calls at the 180 strike Apr 19 exp (pairing with our 160p trade) and will roll down the strike to 175 later in the week if AMD continues to trade in this 160-170 range ... will leave the strike at 180 if AMD breaks and stays above 170 and will roll down to 162.5 or 165 if AMD drops below 160 and shows no
Hello everyone! Today I want to share some option strategies with you! 1.Got a $MercadoLibre(MELI)$ Apr 12 exp 1420p expiring this Friday. Will be watching this trade closely to see if we get assigned or the contract expires worthless. Sold this in our long-term account with the acceptance of assignment. If it expires worthless, then we will sell the Apr 26 expiration targeting the 1390 (or lower) strike. There is a small un-filled gap at 1390.ImageImage2.WOW! The stock market showing great strength today. Took some trades ... sorry for not posting earlier ... had a very busy morning and just now getting to this. - Playing (bought-to-open) lotto $Broadcom(AVGO)$ 4105 calls for tomorrow's expiration. Today
Hello everyone! Today I want to share some option strategies with you!1.Sold-to-open $Snowflake(SNOW)$ Apr 26 expiration 140/135 put credit spread. The 140 level has stronger longer-term support than the 150 level that we're currently seeing keep SNOW alive.ImageImage2.Haven't done a $S&P 500(.SPX)$ trade in a while. Opened this trade up a few minutes ago. optionselling - STO Apr 10 exp 5135/5130 put credit spreadImageFollow me to learn more about analysis!!https://twitter.com/Selling4Premium
Hello everyone! Today i want to share some option strategies with u!1. $Marathon Digital Holdings Inc(MARA)$ getting close to 17, which is its 200EMA. Looks to be establishing a base around this 17-18 level. Opened a long trade on it to play a post-halving price pump if it happens. Also got Apr 19 17p in play that am happy to take assignment on if it happens. This will add to our long position. - BTO Jun 21 exp 31 strike callsImageImage2.Kicking off this earnings week with an optionselling trade on $WD-40(WDFC)$ . Sold-to-open Apr 19 exp 200/195 put credit spread. That 200 level was a previous consolidation level leading up to earnings in Oct 2023. So, gonna take a position there even though the 200EMA is
Here's how you can increase your chances for success in optionselling ... treat it like a business. A good business needs a plan. A good business plan for optionsTrading has 4 key elements. 1. Sufficient initial capital. There is no specific rule about the amount of capital required to start trading. However, capital must be sufficient to withstand losses during the learning phase. Capital devoted to trading is risk capital ... keep it separate from your emergency savings, long-term investments, or savings for a home purchase or other family/life needs. 2. A plan for managing initial capital. Manage your capital by dividing resources into small enough units so that one losing trade or a short series of losing trades will not impair your ability to continue trading. 3. Adequate time allocat
Hello everyone! Today I want to share some option strategies with you! 1.Taking a swing here at $Boeing(BA)$ . Earnings scheduled for later this month. BA got killed in Q1. Can Q2 produce better results? Sold-to-open Apr 12 exp 177.5 strike puts. Targeting what looks to be a support level.ImageImage2.That big drop in the market was not fun! Don't know what the market is going to do tomorrow, so placed the following optionselling trades to mitigate any potential further risk for the Apr 5 expiration. - Closed out the $mdput credit spread. - Rolled the Apr 5 $Zscaler Inc.(ZS)$ 182.5p and $Advanced Micro Devices(AMD)$ 172.5p short positions to 4/12 expiration and lower s