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I realize it's OT, but I'm able to go for hours with no nags (and no defeat devices). The key is to keep one hand on the wheel rather than both,...
This is also my understanding and is called the Safe Harbor rule (linked above). The caveat / addition that I have is that the Safe Harbor rule...
This isn't a reason to start trading options, but realize that not all option positions are equally risky / gambling. In many cases the option...
For real! What has been amazing to me is just how well I'm continuing to do in what is obviously a bad setup for a strangle. Seeing the range of...
The lack of a roll ticket / transaction is a BIG limitation. If you had the roll transaction available, then the proceeds from the newly open...
How in the world do you get the delta symbol so easily. You use it regularly enough that its got to be simple to do. Heck - once I know the one,...
Couple of observations - if you haven't already, I highly recommend some options education before getting into them and trying them out. My best...
No assessment on whether this was a good trade or not. But one way to look at this - that's around 1.5-2.0% gain in 1 week. If that's a scalable...
But you've resisted the urge. What discipline and constraint you're demonstrating!
FYI - if you really want to keep the shares rather than sell, you might be surprised at how good the roll options are, even that far OTM. I...
Straight up awesome on the BO launch and land. Looks like they're aiming for the ultimate roller coaster ride with that - not too hard for me to...
A short strangle is selling a put and a call with the same expiration. I like to live in a semi-permanent strangle state, where the distance OTM...
It's been a busy morning. Most important is that 770c expiring tomorrow - I've rolled that out 1 week. $80 ITM today, and I rolled out 1 week...
Me too! This was a one-off where I was watching the trading pretty much by the minute and to specifically get some experience with an option...
I went digging for info about this awhile back (year or more?) and found a study from Kansas regarding road wear on a few specific highways that...
Is that like dealing yourself 3x the starting money as everybody else when playing Monopoly? :D
Along these lines, I took a roughly $5 OTM contract right up to expiration, and finally closed it for .10 about 10 minutes before the final bell....
Though I haven't done any paper trading myself, I do believe in using that approach. The problem for me is that if it's "play" then it isn't as...
I realize that there are much more aggressive variations on the wheel. For myself, I've concluded that the wheel (or as I think of it -...
I usually roll winning option positions at 2/3rds to 4/5ths profit. That sometimes means rolling towards the share price (same expiration) as the...
This is probably what I will do - the ER related points you and @bxr140 have made are good ones. The tricky thing here is that I won't be able to...
This makes good sense to me, and is also in alignment with the other purpose of this position (besides making money); gaining experience and...
Do we have the earnings date announced yet, or are we all still guessing? This is one vector for improvement that I would like to see from Tesla...
Very good stuff indeed - thank you. Now I've got another experiment / skin-in-the-game thing to try - the spreads. Couple of questions around...
I appreciate the detailed position and idea. Can you tell us approximately how much margin each of these spreads consumes?
Another week and this covered call contract (770c for this week expiration) is even deeper ITM than it was last week. The decision to make this...
I went with Like, but taken seriously, this is a dangerous point of view for an investor. In our lifetime, we barely need a decade to find a time...
While this is true, this point of view can lead to some poor choices. I rode TSLA from 350 to 170ish awhile back (pre-split). I lost 50% of...
Only additional observation - remember that the chart from OA is in the larger context of a particular trading strategy that they are teaching....
Straddles and strangles are really the same trade, with the difference having to do with how close ATM the position is. A strangle is an ATM put...
Weeklies cover roughly the next 2 months. Beyond that it's the monthlies and quarterlies.
That's going to be interesting, forcing lenders to lend money in situations where they've deemed the risk to be bad. I suppose that they 'solve'...
I believe that after the sale, you can look to see which tax lot was assigned as a default for those sold shares. I also believe that you have...
The very best kind. And I'm thankful for all of these first-world issues that I need to handle.
This is the limit of what I'm doing with that single covered call, testing this out. In fact it's the original thought that I had about this...
Absolutely true. More generally, rapid movement in either direction can make it hard even to break even. The question is what are you comparing...
For those that haven't seen it, I highly recommend the video where the very first Model S owners got their key(fobs) handed over. I'll admit it -...
It is funny :) I think the rationale is that this is a mechanism to keep the large accounts at Fidelity, stay at Fidelity. The returns part...
Rocket launch thread, and this comment is #14 in the thread. Are we so blasé about putting things into orbit and landing / reusing the boosters? :D.
Sounds useless to me, given bullet #2. If bullet #2 required the time value to be under $0.65 (the threshold for free option closes), that'd make...
Celebration mode seems appropriate! [MEDIA]
Got a Funny from me, but seriously - I've talked to 2 financial advisors with different firms over the last year. I'm not following their advice...
My hypothesis is that the primary driver of this move up is that the index funds DID get the shares that they needed. However the various actors...
In my non-mathematical way, I believe I'm seeing IV increase today (it needs to be a reasonably large increase to be able to see it so clearly in...
Funny - my wife and I JUST ended that same conversation (keep the shares, the 840 calls I sold for '22 are looking particularly bad, ..). I'm...
I'm feeling the same :) Which is kind of silly when the portfolio has gone from "enough" to retire, to 50% more than "enough". It's fun making...
Adding on - since I thought 10x from the low 400s yesterday (seems like yesterday anyway :D), then that still leaves 5x from here... all by 2030....
This is all moving pretty fast this morning! The roll of this weeks 710/760 straddle to next week is complete. The new Jan 15 position is the...
I HAVE acted on the other leg of this straddle / trade this morning. When this all started, I also sold the 710 put to create a 710p / 760c...
The way I make decisions like this (and I've had many to make over the summer with this ever increasing price dynamic) - look at the new position...