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Are you able to make your weekly premium om 100 contracts? do you write/close them multiple times each week? Still trying to determine the path of my errors. i usually write once a week and the close or roll for the next week. While i try to write a CC on strength, i don't open and close...

I'm clearly doing something wrong. Back in 2022 i had the capital to have these kind of weeks. flew too close to the sun trying for a $1m /week on BPS....lost most of my capital. learned a lesson the hard way. now i can't imagine being able to have 6 figure weeks. I seem to be luck to get...

that's in 10 days??? Respect!

IV spike on earnings can't come soon enough. Can't recall premiums being so low.

Been there, done that. lost more money than i started with. don't over leverage, don't get greedy, don't get overconfident....none of the stock analysis that we are all doing now will save you from those 3 fundamental problems!

Welcome Back Yoona. I've been on this thread since the start, lurking in the background and doing my weekly premium selling. Do you close your position once it is less than 2 STEDEV? My assumptions based on some of your posts yesterday is that you would have stayed in those -c280s...

I have some June 24 300 Leaps. Is there a strategy around rolling these? Given how far they are OTM, how long should i hold on to them before rolling? I assumed i should roll at least 1 year out. What aobut position size and strike? Prioritize position size and go further OTM? Roll flat with...

I have some June 24 300 Leaps. Is there a strategy around rolling these? Given how far they are OTM, how long should i hold on to them before rolling? I assumed i should roll at least 1 year out. What aobut position size and strike? Prioritize position size and go further OTM? Roll flat...

New CEO for Twitter. Watch out on the CCs!

At this point, I can't find any roll for a credit. Mid point shows a credit and then as soon as i place the order, midpoint becomes a debit. So furstrating, it feels like paying money to roll is throwing good money after bad...

Is anyone looking at rolling deep ITM BPS forward and down? I have Jan 24 -340/303.33P that get assigned every day this past week. It looks like i can roll down to Mar 23 240/203.33. Huge risk that it is only 3 months out, however being 1 year out seems not to be any safer. Puts the BPS back...

Thank you, I'm currently sitting on Jan 24 BPS at various strike levels in the 300s. They seem be assigned on a regular basis. Trying to decide what scenario will reduce the chance of assignment. My understanding is once they are assigned, and if one is already tight on margin, then you...

How is everyone dealing with their deep ITM BPS that are being exercised? 1. Try and roll out an extra year, flat or slightly more ITM for a small credit? 2. Stay in LEAP territory, but roll down to be less ITM for a debit? 3. Roll to Jan - Mar 23 timeframe, and hope and pray ther is a bounce...

I keep getting hit with margin calls down at this level. It pains me to be selling and taking a permanent loss for what hopefully is a shorter term bottom. Was wondering about selling a portion of shares, and buying leaps to free up some cash to take pressure off margin calls and end up with a...

that is very interesting. So i could roll the long leg of the BPS, Jan 24 1000P, up to Jan 23 1050P. The would reduce the margin requirement and likely provide me with a credit on the roll. Then step 2 would be to manage that position once we get close to Jan 23 which could mean managing...

I have some long dated BPS for Jan 2024. They are close to being OTM and should definitely be OTM come 2024. Assuming sufficient margin, Does it make sense to sell the long puts and turn it the position into a naked Put? That assumes I'm bullish on the stock and the that the short leg is OTM...

My BPS that i ended up rolling to Jan 24 are now OTM. Is anyone in the similar position? Is their an active trade i should be considering? or just wait until expiry?

I rolled my BPS in February out to leaps to buy some time and reduce stress. Is there anything i should be thinking about now with a stock split looming? I have some Jan 24 1100/980 spreads. I read earlier about someone closing the long leg? I assume that would require additional margin?

Thank you, I will take a look at the cost to roll out. Since they are completely ITM, it comes with a cost, although less of a cost than rolling weekly. I'll look into that. I'm not sure i have enough shares to sell enough premium to offset the cost of rolling to the same strike. 1125/1050s...

Any non-advice would be appreciated. I saved enough cash to continue rolling my ITM BPS, until now. They are still ITM and I have run out of ability to roll them any further. The only options I have come up with are as follows: 1. close the positions and incur the total loss. 2. sell some...

How did you know my name was Johnny? And when i see it written down i realize how bad of a trader i am. Thank you for the explanation!

I'm sorry if i missed an earlier more detailed explanation, what is meant by warehousing the exposure? Like others, i continue to have deep ITM spreads that i end up rolling on a weekly basis which costs margin by always needing to widen the spread to roll. Is there a better solution by...

A couple mentioned it yesterday....i believe you are referring to thestockschannel. If you are going to give credit you'll want to ensure it is given to the right person.

I assume that roll took more margin/capital if you were widening the spread? I think a lot of us are struggling with position management with very little to no excess margin or capital. Position management gets a lot harder when the spread is ITM and every roll is a debit.

That's great news! Although i find thestockschannel to be more accurate. ;)

Bought all my shares 6 years ago. Today feels like the first day i can finally dollar cost average down.

Thank you for the explanation, that was very helpful. One additional question. If you had closed the 20 contracts, would you have had $200k of margin to open new contracts or the $80k net?

Is there not a better use of that capital or margin by starting to sell weeklies again instead of rolling out that far?

If you close today this week, it is max loss. If you roll up and out without any additional margin requirement, do you not maintain a chance of regaining some of the max loss?

It appears that some individuals have closed positions at max loss. Is there a reason to close at max loss vs rolling and keeping them alive regardless of how dire that prospect looks? I do realize a roll of ITM spreads does take a debit to roll or additional margin to widen the spread...

And with those excellent Q4 results we should have been hoping for $1400 tomorrow....Instead we are hoping we end the week above $850ish, where we were at this time last year.

Zack will do earnings and answer questions on Q4. Elon will do product roadmap and answer questions on that. and likely on earnings as well. go figure 🤷‍♂️

Now that we are getting a lift from the Fed, who is selling CCs or BCS for Friday? IV is through the roof!

I am trying to better understand this dynamic as well. If we stay flat for 6 months, it is a way of surviving, although not generating any additional premiums. IF we start climbing over the 6 month period, those June will become OTM and lose value, they can then be better managed, meaning you...

That is interesting and likely something not many of us have considered. What are some suggested approaches to leverage the high IV before it gets crushed while attempting to manage a ITM spread? There are 3 possibilities based on what ITM spreads one is holding: 1. price rallies and ITM spread...

I for one am looking forward to the $250 move upward on Thursday so that I'm back ATM.

Wen Hertz #2 announcement?

@BornToFly - that is extremely kind of you to be helping OrthoSurg! @OrthoSurg - let us know if you need any additional help, this forum will pull together to help.

Margin and buying power are two different measurements. Buying power has a multiple based on a cash value. If entered a spread, the value used to generate buying power would be $0 and you would require a certain amount of margin to enter the position. I'm not sure if that explains the entire...

Ummm....you must be new here. Option contracts trade in lots of 100 shares, so that would be more accurately shown as 8 x 850/1050. Best of luck with your trading and welcome to the forum. /s

Tell your friend to visit the other thread where dreams come true!

I happened to make more today than 5x my investment value 2 years ago. It puts into perspective those who are wanting to cash in with their 15% gain. While the 5x in one day is amazing, i'm starting to wonder what that looks like in terms of retirement. I'm sure i don't have what a lot of the...

Maybe this has already been discussed in a retirement thread, but what was your target for retirement and how much do you plan on selling per year to fund living expenses?

We would all be less rich if we took some off the table after hitting 15%.

All sorts of legitimate reasons for selling. That's a personal decision for everyone. If one is trying to time the market and trade TLSA, then that is a different story. I think for most of us here, holding throughout all the gains has been much more difficult than expected, but has been...

For Us? 😊🥲

I apologize for being accurate, however, the information that is used to measure short selling is based on % of float, not $ value. So the information being quoted in the posts here and on Twitter show a decline of the number of shares that are short. This shows a substantial decline. Also...

Perfect! So % shorted has capitulated. Although these reports only address the shares shorted and not whatever activity may be going on in the option markets with various shorting strategies.

I guess one could assume that 9.21 is 12.9 backwards. Just sayin...

I guess that depends whether the % shorted is based on market cap or % of float. If based on the latter, then it would have decreased dramatically. If based on the former then your point stands.