Recent content by intelligator

And M3 turning radius is lousy. I have a pre-ad blue GL that can make a tighter cut for parking, k-turn, u-turn. We love '18 M3D , just has some odd steering character. Maybe Highland better, TL;DR

I was on the same path until I was too deep into the first spread, the second I managed to get out with little pain. Add 2 zeros and a negative, that's my loss this week. But I sleep good now. I'll setup a conservative trade Thursday for 4/26. I have 5x TSLA Jan '25 +p180 that I should have...

Dark Pool

Apologies for getting in the middle of TSLA with this. It helps me deal with the actions when I see what I write. As much as I try, I just can't get out of positions with finese. To limit downside I put in an order before market to close at a slight loss. Order filled, then SP climbed, is at...

I have -p130/+p140 for this week which are green as a set. Seems SP is being propped, some. Thinking of cutting them loose, take profit, reset.

Exactly why I will shutdown this last SMCI spread this AM, small loss.is.okay. Volatility of this beast is real, +/- , it's a severe drain when - ... careful peeps!

Whoa, what a lousy three trading days. The 5x 100 wide SMCI spread +p730/-p830 for Friday practically cost me the full amount to cover. The position didn't look so bad far OTM when I opened it. It was a true black swan. I may need to stop trading for a while. Have this last SMCI position...

You'd mentioned that in a previous post, makes sense. However, if I sell the +p i'll be left naked or uncovered -p ... I don't own the underlying. My account options trading level doesn't allow this trade. Rolling this last put spread will be the only way to minimize the loss of closing...

Thank you! Got out of the +730p/-830p at the worst price possible, watched SP touch 728 or so to quickly deflate back to 701... going to hold onto 4/26 +685p/-785p , will roll these as they have lots of extrinsic. I was tempted to open a call spread with sold side north of 810 but decided...

If the price can stick through open, I may just bite the bullet, shutdown the two spreads, move on with extreme caution. If you have a minute, please post an SMCI Vanna ... I loaded up the chain from CBOE , appears dealers can take it to 650 or 750 equally.

Checking the chain, it doesn't look like I have a roll opportunity, nor a flip.... the -p830.will lose extrinsic soon. These are great thoughts but are way too risky to chance where I sit now. I checked gamma and vanna , 800 stands out but nothing earlier in the week hinted or pointed to 700...

I wasn't so fortunate. Not only did I forego closing yesterday, today I couldn't trade, was driving, when I got to my appointment, SMCI was already down to 760 ! I had to call in and have an options specialist manage the rolls to next week ... and the SP continues to dive. Now have...

Thanks for sharing the charts and for the non-advice. Gamma at 1k is looking pretty, although dealers may want to get SP to 1100 ... but there are bumps/stops along the way. l'lI sit tight through end of day. Ideally a same strike roll to next week can be avoided.

What hourly signals should I look for as a possible break out of the descending channel? I have -c1050/+c1150 for Friday that I should roll up and out before ITM but feel next week expiry may be too close if the SP continues to rise.

I have Jan '25 +p180 , thinking to STC one or two as we ride down, lock in the gains. These have appreciated 1k each per 10K -SP. I want to hold for lower but also see the possibility that we linger or climb back. Thoughts on where we land?