EVNow
Well-Known Member
These are fully backed by stock. Basically a better bet than just CC.Didn't you start with a maximum spread/loss of $5? Now you are talking about increasing the potential loss from $15 to $65? Be careful.
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.
These are fully backed by stock. Basically a better bet than just CC.Didn't you start with a maximum spread/loss of $5? Now you are talking about increasing the potential loss from $15 to $65? Be careful.
While I’m wingeing about this b-w, made 2 moves after a hiatus:I have 3Feb$125 CC on a $116 buy-write that I’m considering to roll to 17Feb$180+ which is about where net gain (sto-btc+unrealized capital gain) starts to go positive. However, this is in a non-taxable account, so if you are taxable that would add another cost and factor to consider, of course. Comparing to letting assign and rebuying shares and writing a $5 ITM CC — seems to yield a slightly higher net gain over next 2 weeks……tentatively.
How is a 65 wide BCS a better bet than a CC? You are buying a long leg (throwing money away). At $5 wide it kind of made sense because a call could go more than $5 ITM on you. But 65 wide? We were using spreads when we were using margin to limit the amount of margin being used and increase leverage. But for CC, I just don't get it. Help me....These are fully backed by stock. Basically a better bet than just CC.
Did not expect that.Amazing how we drop 10$ in less than an hour. Had I held out the rolls of calls to next week, like most of, could have avoided debit.
Looks like tug-o-war , who will win? Call to Put, 3.8:1
Options volume (where contracts > 500)
View attachment 902596
First I see a new high without any bearish divergence (181 last Friday)What is your trigger to sell CCs and buy puts to edge against a correction? Are you waiting for a break of support or you are aiming at a specific resistance. Do you wait for stock price confirmation or just bearish divergence on the hours candles
Closed BTC 10x 230210C185 @ $5.80 for credit $5.50Closing 5x p175 @ .50 , 5x p165 @ .10 for profit of 6k
Rolling CC 10x 230203C170 to 230210C185 for debit of $6.10
To next week?That dip! I was able to roll my 3Feb 197.5CCs out to 220C for a nice credit. I was assured that based on the mountain of 200Cs that I was basically the initial front line to be wiped out for tomorrow morning.
None of this even makes any sense. I just didn't want to fall victim to x3 ERs resulting in more flame to the fire that post FOMC/and Meta macro rally that started.
So large pullback theory unchanged?First I see a new high without any bearish divergence (181 last Friday)
Then I wait for a pullback
Then I wait for a higher high with bearish divergence (197 today)
Yes. The only question is at what price.So large pullback theory unchanged?
Big tech is down 4-5% respectively. It could possibly be the end of this rally.Well earnings today could cause it…
LOL -not that better. You can think of CC as infinitely wide, but in practice not very different for one week. Theoretically I’ll be better off if SP runs up to $500 next week.How is a 65 wide BCS a better bet than a CC? You are buying a long leg (throwing money away). At $5 wide it kind of made sense because a call could go more than $5 ITM on you. But 65 wide? We were using spreads when we were using margin to limit the amount of margin being used and increase leverage. But for CC, I just don't get it. Help me....