Sanrith Descartes
Veteran of a thousand threadban wars
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While I generally prefer writing very short dated puts to take advantage of the end of life time decay, Writing monthlies is nice to look past short term spurts of volatility.
Everything Options
- Thread starter Blazin
- Start date
Fogel
Mr. Poopybutthole
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Sanrith Descartes
Check out PLTR Mar 05 puts, can go all the way down to 22$ and still make a 1% ROR
Sanrith Descartes
Veteran of a thousand threadban wars
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I will check them out but I am already loaded with a bunch of $22 Mar 19 puts. I wrote them on the last big dip and got over 3% return on them.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Closed my weekly KO covered calls for the full 3 pennies. Now to stalking next week but I have to consider that it goes ex-div on 3/12 for 42 cents. Dont want to piss that away on a stupid mistake.
Sanrith Descartes
Veteran of a thousand threadban wars
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Fogel
VLDR reported earnings. They sucked balls. They are trying to push they shipped record number of units and then blame the fact that they are lower in almost all ways from Q4 2019 because of "Coronachan". I am sure it dropped 10% during the day because insiders had this info. Hopefully SPAC buyers only read the line that says "Lots of units shipped" and dont bother with anything else.- 1
Sanrith Descartes
Veteran of a thousand threadban wars
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FYI - The last few days is demonstrating the risk associated with trading weekly or shorter options. Trading monthly gives you some time to let the market have a spasm and the get back on course.
Blazin
Creative Title
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Have now sold calls against the MSFT and AAPL
MSFT $145 strike 3/19 for $2.00
AAPL $133 strike 3/19 for $1.00
Dip buy working today...
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Sanrith Descartes
Veteran of a thousand threadban wars
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Yeah my re-entry positions into core ETFs paying bigly. FTEC + 3% and QQQJ +3%
KO goes ex-div next week. Think I am sitting pat on covered calls so as not to risk the 44 cents.
Sanrith Descartes
Veteran of a thousand threadban wars
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I had misread the the KO ex-div date and trades ex-div on the expiration date so that is a win for me since its calls I am selling not puts. I wrote the 52 strike for next Friday for 14 cents with another 44 cents dropping next Friday in dividends. I just need keep an eye on it and make it doesnt get snaked on Thursday if its close so someone can grab the dividend.
Sanrith Descartes
Veteran of a thousand threadban wars
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Time decay on all my 3/19 expiry puts finally starting to kick in to gear. Happy, happy.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Sanrith Descartes
Veteran of a thousand threadban wars
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If my puts expired today instead of in two weeks here is how I will look in terms of cost basis:
VLDR: $16.35
LAZR: 23.42
BTWN: $11.80
CCIV: $18.60
PLTR: $21.13
VLDR: $16.35
LAZR: 23.42
BTWN: $11.80
CCIV: $18.60
PLTR: $21.13
Sanrith Descartes
Veteran of a thousand threadban wars
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Notable open interest changes for March 5th (TheFlyOnTheWall)
Thursday's total option volume of 53.9 million contracts resulted in net open interest growth of 4.47 million calls and 3.47 million puts. Palantir Technologies(PLTR) , Apple(AAPL) , General Electric(GE) and NIO (NIO) saw the greatest growth. Top five new positions opened include 44k Itau Unibanco (ITUB) Jun-21 5 calls, 27k Community Health (CYH) Apr-21 10 calls, 25k Advanced Micro (AMD) Apr-21 90 calls, 23k Advanced Micro (AMD) Apr-21 90 puts and 21k Palantir Technologies(PLTR) Jun-21 26 calls.
Thursday's total option volume of 53.9 million contracts resulted in net open interest growth of 4.47 million calls and 3.47 million puts. Palantir Technologies(PLTR) , Apple(AAPL) , General Electric(GE) and NIO (NIO) saw the greatest growth. Top five new positions opened include 44k Itau Unibanco (ITUB) Jun-21 5 calls, 27k Community Health (CYH) Apr-21 10 calls, 25k Advanced Micro (AMD) Apr-21 90 calls, 23k Advanced Micro (AMD) Apr-21 90 puts and 21k Palantir Technologies(PLTR) Jun-21 26 calls.
Tmac
Adventurer
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PLTR is my one chance to get tendies since I started trading!
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Sanrith Descartes
Veteran of a thousand threadban wars
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Closed out all my PLTR puts at a 30% gain. Mainly did it to clear up the cash cover so I could re-allocate it to more profitable moves if they appear.
Fogel
Mr. Poopybutthole
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What do you plan on doing with your VLDR? I'm looking at Apr calls and trying to decide on a strike, the 22.5 at .40 looks pretty good
Sanrith Descartes
Veteran of a thousand threadban wars
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Im still praying to the Options Gods right now. My expiry is 3/19 so I dont own them yet.
Fogel
Mr. Poopybutthole
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Sanrith Descartes
Veteran of a thousand threadban wars
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Resistance is at 22.58 so 22.50 is right on the edge. Should be good unless some crazy market stuff happens.