It appears that max pain is 170 for the week.don't know about that but I think we'll see 169 before the week is over.
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.
It appears that max pain is 170 for the week.don't know about that but I think we'll see 169 before the week is over.
Max Pain will come down. The more time SP spends around 160, more likely 160 is Max Pain - as people tend to buy calls above current SP and puts below current SP.It appears that max pain is 170 for the week.
At this small of a degree I try not to rely too much on EWT as the small volume and high gyration can muddy the count. This purple sequence is wave 5 of C - the final drop. It could have been completed at 158.8 or working on wave 5 of one lower degree, targeting 157-156. All within a reasonable margin of error. Selling new calls here I think is ill-advised.
Just for my understanding, you mean buy this spread?In for May 5 145/135 put spreads at .79.
I find myself moving to next week options, especially when I can get so far away from the share price and still get a decent premium.
No, he sold 145P and bought 135PJust for my understanding, you mean buy this spread?
Yeah - its an ambiguity in how I think about and report on my trades. Since ~100% of what I do is selling options, the 'interesting' option is the short. With puts that is also the higher strike, so I think of it as a 145 put, with a 135 put as insurance.Just for my understanding, you mean buy this spread?
Since I want to re-enter at a "good" price - I've been wondering whether to sell puts or call spreads.In for May 5 145/135 put spreads at .79.
I find myself moving to next week options, especially when I can get so far away from the share price and still get a decent premium.
Where do you see that? Can you elaborate?Looks like institutional are getting in (big portions bought...) (Gamma) Squeeze incoming? (far too soon to tell for sure!!)
I am a master trader. I am a master trader. I am a master trader….I agree with the general bearish sentiment right now. Tesla is trading with a 2-4X negative macro beta, and I think the markets are going to go lower with earnings the next two weeks. So I just sold 4,000 shares in pre-market. I've always struggled with the idea that cash is a position because I'm afraid to miss a stock rise. But I'm going to look at premiums this morning if the SP drops, and look at selling 40X 150 Puts for this week, or maybe 140 strikes for next week.