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pay attention to volume... there is no exhaustion yet in all timeframes BUT rsi suggests sideways coming up

greeks say 1100 and no stocks stay above the upper BB for too long, but order flow is still bullish therefore, no bets until it settles down after the split date coz a reversal could be violent switched to SMCI ATM CC which gives 2.99% ROIC weekly income, 3dte

too high above the upper BB but smart money still piling in

don't be fooled

oohhhh market is closed i didn't know 😬

oh haha

let me make sure i understand... you're the size of a hedge fund and you can't retire yet? use 30% of capital to buy NVDA 50,000 shares sell 500 CC ATM $1M income/week or worst-case scenario half of that $500k income/week unless NVDA goes bankrupt, capital is safe

if you are really determined to have an edge, this is a must-watch:

Yes, you are right. It's been discussed here ad nauseum. No one believes me, and that's ok. Greeks are not hocus-pocus. They are just another TA tool, much like EW, channels, fibs, etc. No one can predict direction. Why? Because it's a casino. You roll dice and it's always 50-50 on roulette...

wait, what... we have a date?

no matter how 100% sure you are about your bet, keep it small THAT IS ADVICE!

any day of the week that ends in Y !

gamma says 170-190 next 3 weeks vanna has hint of 200

ooopsies sry i meant to reply to the doc from Montreal excusez moi

yeah, 1000 gamma/OI walls kept going up even while sp was choppy for 3 weeks plus, smart money was buying = someone always knows something

so very sorry to be the bearer of bad news we've seen this happen before, where we were given a large red gamma warning more than 1 month in advance that the stock would drop big:

stock repair is always +cx1 and -cx2 the 1st -c is the original CC (with stock) the 2nd -c is paired with the +c (to make sure nothing is naked) hence, stock repair is 2 covered calls (long + synthetic) in my wheel, it would be +cx2 -cx4 if i implement the straddle step, or +cx1 -cx2 if i...

another thing i learned is that you can roll(!!!) the Stock Repair Strategy cost basis = 901.66 total credits (from rolling) to date = 2,462 per contract that means MM is paying me to hold my underwater shares the longer SMCI consolidates 800-950, the more income i get just by holding on to...

QQQ bear attack

1dte daytrade up 87% in 4 hours, SMCI premiums are huge but you need to respect delta or you will blow up your acct

uhmmm Midmarket: If Red dominates - Put buying=Neutral Put - Unknown if Buy or Sell If Green dominates - Call buying=Neutral Call - Unknown if Buy or Sell

delta no change, theta/gamma/vega will be 1/10 (but aggregate exposure the same) is stock split good for stocks? based on AMZN/GOOG/SHOP splits - no bueno based on AAPL split - bueno all i know is now i have 10x the NVDA CC, but also 10x the fees and probably lower prem :mad: - no bueno

i am too chicken, -p795 NVDA may fall once it reaches 1030ish

10-1 split, yesssssssssssssssssssssss 🥿👠👡👜👛🤸‍♂️

Smart money index (SMI) or smart money flow index is a technical analysis indicator demonstrating investors sentiment. The index was invented and popularized by money manager Don Hays. The indicator is based on intra-day price patterns. The main idea is that the majority of traders (emotional...

smart money pouring into SMCI/NVDA TSLA joined the party

M=Mid-Price, cannot tell if buy or sell "Also, for trades that execute at the mid-price (M), we can not predict because we do not know whether this order was a purchase or sale." https://help.quantdata.us/en/articles/5143088-what-is-the-bid-ask-spread

i am not aware of any formula that states what DITM strike is best, i am guessing this depends on how much downside protection you are comfortable with

what is your straddle success rate? i mean, how long on average before the losing side go OTM? 1 month? 2? how often does this happen in your experience?

u soured on LEAPS coz TSLA is bearish, AMIRIGHT? (i am thinking to try LEAPS on NVDA CC Straddle)

probably not, tweet was deleted 276 is too far OTM to matter anyway

NVDA is blocked at the Daily and Weekly upper channels

IWANTTHISPUPPYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYPLSPLSPLSPLSPLSPLS

SMCI falls like a rock = vanna prediction 🎯 the closer we are to OpEx (tomorrow), the more powerful this greek is because stocks are more volatile (higher IV) and vanna reacts to IV changes

if you are not sure, just look at "put bullish" = this means you are bullish on put = this means you sold a put = -p so that means the B is a sell (sold put) that being said, strikes that are too far OTM are hard to guess on sentiment (they are probably hedges instead of bets) here's another...

for spreads, 2-3DTE but i moved to DITM CC so 7dte is ok $12 is good enough for me

big dump on SPX is causing the morning turmoil

sry, i don't trade TSLA but it looks bearish short-term and i wouldn't be surprised if we touch 160's again (not advice and i am rly just guessing)

i think S&P Weekly + S&P Monthly + NAAIM + DJIA Weekly + NASDAQ Weekly + NASDAQ Monthly are all almost at their channel peaks, will rise some more and then get correction soon

omg

dealers prefer 850-900, if they can push it

vanna too red, stock will probably fall soon

the original CC should be closed because the strike of -c x2 is by formula stock 800 cost basis 900 therefore +c x1 800, -c x2 850 (halfway) just make sure this is net 0 credit, not debit

i found that the best is to start early (don't let the stock go too far OTM) "far" is relative: SMCI 700 to 600 is ok to repair, but TSLA 275 to 175 probably can't be repaired unless you have large reserve capital (ie 20x +c and 40x -c)

NVDA appears ready to explode up (assuming earnings good)

NO +c x1 and -c x2, plus the stock means everything is covered https://optionstradingiq.com/stock-repair-strategy/ https://optionalpha.com/strategies/stock-repair

at the rate this is going, it does look like my SMCI cost basis 901.66 will quickly reduce to 850 and i am finally out, which means DITM CC + Stock Repair is a super deadly combination where income is virtually guaranteed and there is no possibility of capital loss (unless SMCI goes bankrupt)...

i think i understand LEAPS what i don't get is management (when to roll, what to do when stock is up, what to do when stock is down, etc) coz from what i've seen on this thread, ppl lose "everything" on LEAPS whereas i can't lose anything on stock (just need to wait for sp to rise again)...

omg LEAPS is so complicated; i think i'll stay with stocks thank you