Separate names with a comma.
Sure does sound like a dream setup. I've seen one of these before - it took me 2 weeks of poking at it to satisfy myself that it wasn't actually...
Roll Thursday has arrived (Thursday before expiration) and the 760 call is ITM. With shares at $800.30 the call is trading at $42.40. So I'm $40...
I agree with just about everything. The one bit that I think you're losing track of here is in the "huge losses that would not recover"....
It's pretty easy in the US to get accredited. I've been through it to get into an Opportunity Zone fund last year; I didn't find the process...
And yes - I really do find that anything that can be said in 1 paragraph is worth at least 5 :) Anybody reading through these walls of text -...
I'm still wrapping my brain around this idea in such a way that I can consistently use it, much less explain it. One outcome when particularly...
Typically, market makers are option sellers more than they are option buyers. So assignment on those 750 strike calls is more likely to be...
It's this more limited float that is the wild card in my mind. One interpretation I have for the last couple of weeks is that the inclusion event...
Yeah-that's the idea. Of course the new strikes and premiums will be something else, and that's the dynamic I'm hoping to start experimenting...
Context also matters, but I'll assume you're in growth mode (whether it's leveraged growth or not). For #2 - my advice is simple. Buy the shares...
Oh - and yes, I've been in a situation where I definitely didn't have the cash to 'escape' from a CC that was ITM. The roll transaction made it...
By specifically using the Roll transaction type (rather than a buy-to-close transaction plus a sell-to-open transaction). The sell to open...
I rolled my farther OTM 675 puts out to Jan 15 for a $7 and $7.50 credit. The Jan 8 legs closed at <$.065 (free commission!). This straddle...
If you're a long term buy and hold investor, then the $770 share price today is as meaningful as $360 or $1200 (no meaning). Of course, $770 is a...
The thing about a split senate (50:50) or even a split in the Georgia senate race (leaving a 51:49 split) is that in the first case, somebody...
And I suppose that the end result of a particular sequence of these trades is incremental shares, plus a premium on a position that expires...
Using this example, if the shares had stayed at $486 instead of crashing back to $394, how would that trade have evolved? You'd have collected...
Oh yes - an easy tidbit that is helping me a lot. I can't stand the idea of losing any of my core shares, so I solved that problem by buying 1...
Now this is a dynamic I find interesting. And I expect is the opposite of how most of us are thinking. Heck - I probably suffer from being TOO...
The good news is that there are many variations of the wheel being practiced by people here. Some are aggressively going back and forth, earning...
It's this roll dynamic, especially on shorter term options, that I especially want to build some experience with. With that roll, if you take...
One of the SEPP choices is the Required Minimum Distribution (it's got another name as well I forget), the primary characteristic of which is that...
In this particular case, I think this is a black swan that doesn't get solved with one's market investment choices. This gets solved with your...
My primary suggestion is to find that delta, Prob ITM, or just strike distance that you like pre-selling your shares at (i.e. covered all), and...
I've only begun selling margin covered (and very lightly at that) puts in the last couple of weeks. Strictly cash secured otherwise since...
Not an accountant type, but it looks like this boils down to "sell now, or sell later (when required)". The way I look at it, this is a market...
And hey! Look - the puts I just sold are down 10-20% almost immediately. This is par for the course though - still plenty of room to still be...
If you've got a link to that societal disruption from Bitcoin, I'd love to read more about that. I don't see it; I'd like to though.
As you mention there are the operational milestones - I think the most recent progress on those was either 5 or 6 of them reached. I expect more...
I was presented with the same idea - buying the annuity for steady and dependable cash (up to the financial stability of the annuity company). I...
Busy morning for me. I purchased 1 lot worth of shares at $730 and then wrote a ~.30 delta straddle against those shares at 760c and 710p...
You are correct- just holding shares in a rising share environment like we've experienced will beat option selling like a drum. It certainly...
For insurance, my principle of any and all insurance, is that I'm buying the insurance to protect myself from disaster / black swans. House burns...
Yep - that's the one. Thanks for tracking that down and for @dl003 for exposing me to the idea.
You sound like me with my OTM CC sales. :) Good luck with that one.
I'm in a semi-permanent state of a short strangle, though I've never entered a short strangle in a single transaction. I sell both puts and...
Similar approach for me - I created my own spreadsheet where I track each position. A benefit of building my own spreadsheet is that I track...
My days to expiration has floated around over the ~10 months I've been selling options. The first 6 months or so was pretty much exclusively the...
My understanding is that one can avoid the underpayment penalty as long as the withholding was at least 100% of the prior year's taxes (safe...
Tesla's historical results along these lines is that the more cars sold in an area, the more demand for cars is created in that area. As long as...
Echoing @sroh comment, covered calls are frequently the initial entry into options trading. They aren't the only thing by a long shot. The more...
The 'after' sort of implies that you've accomplished your investing goals (at least to me). So "after" accomplishing your investing goals, then...
I'm very curious to see how that plays out for you. That is really aggressive selling ITM put. You might also want to consider a kind of...
I have a guess, informed by nothing more informed than my gut. The net position for me being biased towards the upside, where we've been going...
I had several learnings from this, one of which is that buying calls is the opposite of what I'm good at. It'll be rare for me to buy any in the...
The only actual loss, given that you sell an OTM call, is the opportunity cost of missing out on a rally. It's my personal biggest fear with...
Several downsides with selling options. The big one is that a simple sale of an option is a defined reward investment, with unlimited loss...
Not particularly responding to this quote, but to the larger thread and this conversation. I'm trying to figure out what you are arguing FOR...
It's like ALWAYS. Remember how good of a bottom-of-the-market caller that I am. Where bottom-of-the-market is really the worst end of the trade,...
Keep in mind that I'm actively bad at picking short term direction, magnitude, and timing of share price moves :) I do believe we'll see a short...