corduroy
Active Member
STO 5x 9/10 BPS -680/+580 @$2.90. Plan to add more tomorrow but wanted to get these open in case tomorrow is an up day. I've still got my 9/2s open, and plan to close the short legs tomorrow under .05.
You can install our site as a web app on your iOS device by utilizing the Add to Home Screen feature in Safari. Please see this thread for more details on this.
Note: This feature may not be available in some browsers.
While I am enjoying the 730/740 battle, I decided to roll my cc730 to a Sept. 10 cc740 for a small credit as I will likely be heading out of town tomorrow for a good part of the day and don't want to miss any big moves. Good luck to all.I am in the same position (holding cc730 for this Friday) and am also going to wait and see. If it breaks 750, then I will consider a 1/2 week roll vs. BTC and take a loss.
i have same -p695 bps for next weekinteresting. I went somewhat similar but more conservative.
Initially I had planned to write BPS Friday but I'm thinking it being the beginning of a 3 day Holiday weekend liquidity will be down and executions worse.
I STO 600/695 as my main trade for 9/10 and a smaller more aggressive ( for me) 610/710 as well.
I did STO 5x 9/10 BPS -700/+580 earlier today. I am curious as to why you selected 680 for the short leg?STO 5x 9/10 BPS -680/+580 @$2.90. Plan to add more tomorrow but wanted to get these open in case tomorrow is an up day. I've still got my 9/2s open, and plan to close the short legs tomorrow under .05.
I did STO 5x 9/10 BPS -700/+580 earlier today. I am curious as to why you selected 680 for the short leg?
Just to memorialize my thinking, I chose 700 as it appears that is a large wall there, it is under the mid BB, and the 50 day MA will likely approach 700 next week (current at $684).
well for one, market isn't open on Monday....Something to ponder for everyone that is looking roll to 9/10 AND you are bullish about next week;
why not close out your existing positions on Friday when MMs are so active and sell calls on Monday when there is an increase in share price? Theta cannot be that big of a factor.
Am I reading that correctly?i have same -p695 bps for next week
Am I reading that correctly?.i have same -p695 bps for next week
View attachment 704457
$40.79 credit is correct, opened 8/17.Am I reading that correctly?
100 x +595/-695 BPS at a $40.79 credit?
What I've been doing lately. Got too aggressive with a $710cc rollover from 0827 to 0903 when I should have gone higher. Had to take it on the chin today (cost of BTC was 1/2 of monthly $target!) as price is now fully tracking SP-710, and assume nothing will happen to that tomorrow. Fortunately, I only booked CC against 30% of shares this week.Something to ponder for everyone that is looking roll to 9/10 AND you are bullish about next week;
why not close out your existing positions on Friday when MMs are so active and sell calls on Monday when there is an increase in share price? Theta cannot be that big of a factor.
Nice trade.$40.79 credit is correct, opened 8/17.
View attachment 704479
But it's not 100 contracts.
TD adds an unnecessary '100' in the description to indicate there are 100 shares per put.
Along these lines, something I'm doing with my own personal targets is looking for some amount 10 weeks per quarter. I'm giving myself permission to be out of the market 3 weeks a quarter. One reason would be the sort of situation you mentioned - I was mostly thinking about the option to stay out during delivery and/or earnings report.BPS are all the sudden the hottest thing . What's next IC's?
I sold a few 660/610 BPS for next week. I will not open many trades next week because I am going on vacation and I want to take it easy.
I actually like bein active selling calls and puts when IV isn't <30%I actually like being active selling calls and puts around binary events like ERs and P&Ds. That is how I started selling options in the first place a few years ago. After previously buying a calls and almost always losing around events, I noticed that when the IV spikes just before the event and then crashes after, I could make a lot of easy free money by selling way OTM options. It is extremely rare for TSLA to move 10-15%+ around events so I started selling calls and puts 15-20% OTM - they actually carry decent premium with the IV high. It’s been quite lucrative over the years.
Nice trade.
Y'know, we thought you'd made $400k with 100x contracts$40.79 credit is correct, opened 8/17.
View attachment 704479
But it's not 100 contracts.
TD adds an unnecessary '100' in the description to indicate there are 100 shares per put.
The other BPS is 110 contracts... heheY'know, we thought you'd made $400k with 100x contracts
[Cross post: Posted on main investor's thread]
A data point, might be helpful for folks here.
Got an early assignment of 490C, expiry Sep-17-2021. Broker: IBKR.
Looks like someone badly wants shares. Bullish?