Recent content by treb

@Yoona - are these your IC short strikes for Feb 9th? With a 30 wide long strike, that's only about $0.15 in premium per contract. With IVP at 2, is it better to hold off on ICs until volatility and premiums increase? Seems like the risk ($2985) / reward ($15) ratio is out of whack...

When you say 1-2 DTE ICs, does that mean you're selling them on Wed/Thur for a Fri expiration? Any rule of thumb on how far OTM to go on both sides?

I like to tell myself that sometimes the best trade is no trade.

*slaps forehead* - I thought the market was closing at 2pm ET.

I'm trying to STC a June2024 300C on ToS, but can't find a buyer. I have a limit order that's 50 cents under the bid price ($1 under the mid point) but no takers. I don't really want to enter a market order and not know in advance what price I'm going to get, but I don't really want to go...

All eyes (and ears) on JPow at 2:30...

I wrote one today for $11 when SP was 253. Also wrote a Jan'25 600 for $15 when SP was at 257.

The record is 11 days in a row, which we matched on Friday. A green day today would be a new record.

are the -c235 for this friday expiration?

I also have a bunch of -c195 and -c200 expiring over the next couple of weeks that are hemorrhaging pretty badly, but I still feel like we're very oversold at this level and will have to revert at some point. Current roll of a -c200/Jun16 to a -c200/Jun23 is still offering over a dollar in...

so +220/-230/+240 for Jun9 expiration? That's $1.23 debit pre-market. Could pay for it with a -200P for same expiration.

For those of us stuck with ITM CCs after the latest melt-up, would you still recommend a butterfly call strategy as a hedge against further upside? If so, any recommendations for which strikes to select at the current level?

Curious about your strategy here, as I also have some ITM short puts for 2024/2025 expiration. How near term would you consider rolling to? Reduce your strikes or keep them where they are?

I sold a 330C/Jan2024 for $9 credit today when we breached $208, and immediately entered a limit BTC for $8 on an inevitable pullback. Thinking it's less risky to try to make a quick $100 gain at a more distant expiration than to play with fire selling weeklies in this environment.

I threw in the towel for this week. Rolled to -205C/Jun9 for $1.15 credit.