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Daily r/thetagang Discussion Thread - What are your moves for today?

Daily r/thetagang Discussion Thread - What are your moves for today?

PutsOnYourWife

Anyone else involved into baba and is in trouble now ?


tshk1994

u/FriendlyCaller how should I hedge my BTC exposure?


FriendlyCaller

With Doge.


arniepieindasky

STO NVDA 187.5p 8/20


Brave_Championship61

I need some advice, will BTBT go down this week? I’m down bad and need to know if I should hold on or cut losses. Can someone smarter and more knowledgeable let me know their predictions?


SleepTiqht

Sto 1 Mara aug 20th $36c for 165 Sto 1 amd aug 20th $99c for 171


nootfiend69

is there a strategy that is a pmcc where you also sell put spreads (or naked/cash-secured puts) on the underlying?


StonksGoUpApes

Impatiently waiting for the bell to see what **TSLA** do


TheKabillionare

Pretty slow day overall (also got busy with work). Today's trades: * STC -25x **AMC** @ $38.25 (8.5% profit) * STO **AMC** 8/20 50c (covered) @ $4.55 * BTC **CLF** 8/20 PCS 21p/19p @ $0.63 (25% profit) * STO **TSLA** 7/30 IC 590/595/705/710 @ $1.50 (looking good as of AH) * STO **UPS** 7/30 IC 190/195/230/235 @ $0.70 * Did some tax loss harvesting with **BRK.B** and **SPEM/VWO** Planned for tomorrow: **AAPL, AMD, MSFT, GOOG, MCD, PFE (maybe), BA (maybe)** Cheers!


EthnicallyMoral

Expectations for Amd Tomorrow?


hoyleacl

What are your trade ideas for AAPL?


TheKabillionare

Taking a quick look at the options chain I’m currently thinking: * 7/30 CCS 155/160 or 160/165 * 8/20 PCS 140/135 Might change depending on tomorrow’s movement though


spreadsgetyouhead

Congrats on the TSLA IC I reviewed majority of their past earnings and saw it doesn’t usually reach the expected move yet wasn’t confident enough to throw on a straddle


TheKabillionare

Thanks! Yeah it looks like the most volatility in it was last year during their S&P run-up. I wasn’t even planning on playing but the risk/reward for an IC seemed pretty reasonable. If my IRA allowed it I would’ve gone with a slightly wider strangle instead


Wreighven2021

I am back from my 17 sabbatical away from the Internet and TDAmeritrade. Looks like I missed quite a ride!


GatorsILike

17 years, holy smokes! 2017? Still holy smokes!


Wreighven2021

Hah, whoops! 17 days…


nootfiend69

i have a pmcc with a net delta 0.36 and gamma 0.0. does this mean profit potential is uncapped even if the short call gets breeched?


mad4shirts

Up about 35k today, 335k from my highs 🥺


EthnicallyMoral

Did you take those MVIS assignments?


mad4shirts

Noo, just rolling the spreads. My short put is currently at $17 about 50ish days out.


SpaceTraderB

Apparently Amazon sent out an email to its shareholders, denying rumours that it will accept Bitcoin as payment and also denies ‘Amazon Token’ being released in early 2022. Since this news was reported, Bitcoin has pulled back falling from $40k to $36k. Congrats to those who did theta plays on MARA RIOT Calls 💰💰 today was the best day to collected premium from selling calls.


GatorsILike

What a joke that it rides so violently on shit like that. “Store of value”


Derrick_Foreal

Lol pump n dump. Gotta get that alpha somehow.


SoMuchRanch

Back from vacation and boy did I miss my nudes 🤗 **7/30 nudies ($1,935):** * STO **COIN** 7/30 $335C -10X * STO **DASH** 7/30 $260C -10X * STO **DOCU** 7/30 $190P -10X * STO **DOCU** 7/30 $425C -10X * STO **DPZ** 7/30 $690C -10X * STO **EXPE** 7/30 $95P and $105P -20X * STO **FDX** 7/30 $390C -10X * STO **LVS** 7/30 $65C and $70C -90X * STO **NCLH** 7/30 $35.5C/36C/36.5C/37C -120X * STO **NVDA** 7/30 $297.5C and $302.5C -100X * STO **PENN** 7/30 $100C -10X * STO **RCL** 7/30 $45P -10X * STO **ROKU** 7/30 $220P/290P/310P -21X * STO **SE** 7/30 $170P -20X * STO **SE** 7/30 $400C/405C/410C -40X * STO **SNAP** 7/30 $105C and $110C -60X * STO **SQ** 7/30 $355C -4X * STO **TWTR** 7/30 $95C and $100C -51X


bubbleboy898

Holy fuck what's the gameplan here? Collect a bunch of $50 to make it a decent pile? Why doesn't it take a bunch of buying power? Teach me master


SoMuchRanch

Gameplan is to collect pennies from far OTM lottos and put in my piggy bank. It’s a PM account which helps with low BPR.


IAmNoTMistaken77

PM? Portfolio Margin?


SoMuchRanch

Yes


hootinanyhoss

Just curious, is selling deep otm weeklies your primary strategy? Have you ever been assigned selling so far otm?


SoMuchRanch

No^(2)


Ill-Direction-4716

Holy.. how much buying power do you have? Also, do you BTC at $0.01 on all of them, or just let them expire worthless?


SoMuchRanch

>Holy.. how much buying power do you have? Above eats up \~5% BP >Also, do you BTC at $0.01 on all of them, or just let them expire worthless? Expire worthless.


spartyschlitz

So, very curious, how does this only consume 5% of your margin buying power? Is it because you're on portfolio margin?


SoMuchRanch

Yes


Derrick_Foreal

Have you been able to fill orders with zero bids and only asks? I can't often get any fills from asks only.


SoMuchRanch

Yes I get hits on these every so often. But it's usually the ones with at-least $0.01 that I gun for. Nickel/dimers like Gator mentioned below are easier to get hits with no bid. These can extract serious juice but also really eff you up if they go against you.


GatorsILike

Not op, but gotta hang em out, RH, MDB and similar will have Nickel/dime bids 20-30% OTM fill occasionally


Derrick_Foreal

Probably I'll let them hang for a bit. Usually I put them out then pull them if they dont fill in a few minutes. What do you set the ask at ? Like a penny or 2 ?


GatorsILike

Well for those two, they’re nickel min so that. For penny increments I usually don’t do gtc hangers, only day, but yea, I’ll do .02 or .01 but only if 30+% otm. The illiquid .05 stuff is where you can get good fils with hangers, but you have zero chance of closing early.


Derrick_Foreal

Will keep that in mind. I always targeted the penny ones but I'll try the nickels and dimes.


iv2892

Whats a good target to set put credit spreads on TSLA ?


wvchrome

Bit late to the show. They just reported earnings and IV is gonna collapse tomorrow.


sopcich04

Everyone keeps saying that. Why though?


GatorsILike

I spent 7 seconds trying to wipe off the eyelash that is your profile pic


wvchrome

Look up IV crush, and take extreme caution selling options until you understand what it means and why.


iv2892

The thing is is hard for me to tell when is the right time to try to take away from those time decays , as Tesla could have gone hard on either direction before earnings . If the price doesn’t move much , specially on the downside since no way Tesla drops that much after great earnings. But if I’m late im late , just curious because I’m new to these levels of option trading


wvchrome

Look up some of TSLA’s option prices at close today and write them down. Then look at them in the morning. What you’ll see is that IV contraction has decreased prices across the board. This is why some favor earnings plays as it can actually be less directional. Once IV crushes, opening new short positions pays less. If TSLA begins to move then, as it has in the past, IV will expand and your options will be more expensive to close. This can happen even if the stock is moving in your favor. In general, sell options when IV is elevated against historical levels. The risk you mention being concerned about is why the premium is priced as it is. You’re being paid to assume that risk.


BloatedGrizzly

So how can we calculate the IV? It happens Every time after earning reports?


wvchrome

IV is a constantly changing variable which is calculated off of options prices. Your broker will calculate it for you, along with historical IV, IV rank, etc. If you’re asking how to predict what IV will be after a binary event or earnings, there are a few ways to do it. I typically take my thesis on what I expect the outcome to be and decide whether it will climb further or return to towards the baseline. Then, I’ll look at the difference between historical IV and the current option IV, as well as the difference in IV across different expirations.


BloatedGrizzly

This is all very confusing but I will try to learn. Thanks a lot for your help. Do you use any websites/apps to calculate it?


wvchrome

No, my broker (Fidelity) calculates it all and shows it to me. Your broker should do the same.


iv2892

Oh ok that makes sense, theta gang strategy does not only benefit from time decay but also from IV decay . So yeah they will probably be worth a lot less and there will not be a lot of profitability left to take out


wvchrome

Correct. In fact, as the IV falls back to normal levels (or just below) your risk of IV expansion increases. This is reflected in Vega.


sharknado523

Today I sold a 145/175/205 iron butterfly on $ENPH expiring Friday right before their earnings release tomorrow morning. I sold the iron butterfly for $16.66. This is a big one, bigger than my typical earnings play, but I had the capital and I wanted to try to get an iron butterfly with net premium sold close to the spread implied by the short straddle component. Here's to hoping. Worst case scenario I lose $13.34.


ajamesc55

Sell puts as usual on Tesla, msft, appl, amd


musicalnoobs

Too many newbies in here. You can tell that r/wallstreetbets is spilling over to here.


Derrick_Foreal

Tesla's bitcoin reporting is interesting. They took a 23 million hit on a 2.58 billion holding when bitcoin has dropped over 50%. I'm not an accountant however I'm interested how that one weird trick works.


1Mark_ca

most likely they built the position over a few months before announcement. One also needs to look at the closing date for the reporting...maybe todays prices are irrelevant in calculating their position PL.


Unique_Name_2

They bought below ATH... They kinda made the ath with their news. It's also had a recent 600m margin call short squeeze on binance futures so it's doin alright, that was last night so I don't think it would be on this earnings.


Derrick_Foreal

I'm sure they bought under however what I don't understand is how they managed to take less than - 0.5% loss on an asset that has moved dramatically more than that unless they bought way early last year. They have never disclosed their cost basis. The way this company operates is a black box.


GatorsILike

My guess, last Q they sold the highest priced ones that they could sell for a profit to scrape by their numbers and what’s left is a lower cost basis to still look ok


Derrick_Foreal

based on what has been publicly disclosed, I estimate the cost basis is something along the lines of 30-37k. They stated they had something like a 60% gain based on numbers that were listed in March, so using that and reversing it, the buy in is probably around low to mid 30s. ​ 2% of $35,000 is $700 dollars. Tesla reported -0.50%. ​ Using $35,000 as an average and -0.50% that's $175 dollars. The extremely narrow percentage could be accurate and when they happened to account for everything it fell exactly at that point, just "interesting" is all.............................


GatorsILike

If you’re swinging eCoins to make numbers for your businesses it’s more than just dot dot dot …………. it’s sketchy as F, but fanboys will keep it up


breadpops

They explained pretty thoroughly in their Q1 2021 10-Q how they account for the value of Bitcoin. They are only required to record impairment losses on Bitcoin, they do not record gains. So they only recorded the change in Bitcoin’s price after the fair value dropped below their buy-in price, which iirc would have been in the 30k-35k range. Bitcoin was around $35k at the end of Q2 2021, so the 0.5% loss seems reasonable to me.


Unique_Name_2

Tesla and the truth have a complicated relationship. Though I'm not gonna claim they're lying here with so many eyes on them...


sankalp89

I’m a long term TSLA shareholder but I can’t deny that the TSLA bubble is starting to fade. It’s been like 6 months that it’s been struggling even in an uber bull market. With that assessment of mine, I sold couple ATM Covered Calls against my 200 shares at $2100 each. Like I expected, no good earnings are good enough for TSLA at the P/E ratio. Glad I reduced my cost basis by another $21 on TSLA.


bully_worm

With earnings at 1.45 adjusted, their PE ratio is at 450-460s. This is insane.


VertigoEUW

lmao what? EPS was 1.45 this quarter. you don't calculate PE ratio based on quarterly earnings


FriendlyCaller

+0.2% real day. No manipulation that I can see. +113% beta-delta dollars/net liq. BOT 1 AMC Aug20 22 PUT 0.93 12:22:06 BOT 1 GME Aug20 130 PUT 2.17 10:15:57 BOT 1 RIOT Aug20 25 PUT 1.02 09:18:07 BOT 1 MARA Aug20 23 PUT 1.17 08:54:03 100% BPu.


tradingbiker

STO SOFI 30-Jul-21 14.50 Put


GatorsILike

Dang I didn’t see those half dollar strikes. A sign of high liquidity


fugatorio

Made a nice gain from TSLA, RIOT, and MARA csps today. Next batter up -- 6 AMD, 4 AAPL, 5 MSFT, and 2 V csps.


viciousphilpy

There’s no doubt in my mind after watching that price action that TSLA will end the week lower than right now. Hope I can close my put spreads for profit, but will do first thing.


VeganFoxtrot

You should be green tomorrow since this is doing nada AH


DonRKabob

* STO **PDD** 30-Jul-21 120 CALL * STO **PENN** 30-Jul-21 45 PUT * STO **PENN** 30-Jul-21 100 CALL * STO **AMD** 30-Jul-21 135 CALL * STO **TWTR** 30-Jul-21 100 CALL * STO **TWTR** 30-Jul-21 95 CALL * STO **SE** 30-Jul-21 420 CALL * STO **FDX** 30-Jul-21 405 CALL * STO **UPS** 30-Jul-21 295 CALL * STO **BILI** 30-Jul-21 130 CALL * STO **UPS** 30-Jul-21 295 CALL * STO **JD** 30-Jul-21 90 CALL * STO **SE** 30-Jul-21 180 PUT * STO **DAL** 30-Jul-21 54 CALL * STO **UBER** 30-Jul-21 54 CALL * STO **MGM** 30-Jul-21 45 CALL * STO **ROKU** 30-Jul-21 270 PUT * STO **LVS** 30-Jul-21 65 CALL * STO **DASH** 30-Jul-21 260 CALL * STO **CLF** 30-Jul-21 30 CALL * STO **SNAP** 30-Jul-21 115 CALL * STO **LI** 30-Jul-21 50 CALL * STO **DOCU** 30-Jul-21 215 PUT * STO **BILI** 30-Jul-21 130 CALL Total 301 shares of chinese stock equivalents collected


GatorsILike

301 non-meat dumplings


SB_Kercules

Bag holding SPOT $242.50 7/30 PUTs (short)


bully_worm

Covered strangle on NVDA. 186p and and 194c expiring this Friday.


nangitaogoyab

BTC 2X 7/30 $TSLA $500 @$1.05 BTC 1X 8/13 $NVDA $690 @$4.23 STO 2X 7/30 $TSLA $550 @$2.19


anathema09

STO 1x 8/20 GE 13 straddle @ $1.05 STO 1x 8/20 JBLU 16 straddle @ $1.60 STO 4x 0DTE SPX 5 delta condors in final hour; expired worthless.


DoingStuffGenerally

Some GTC orders tripped this morning at 50%. BABA feeling the gravity today. IVR 81.9. Already have been in on a $215 short put that’s gone against me (original adjusted basis from premiums at $206ish) for August. Gonna play vega through this and earnings. Spooky. BTC 2X $27.5. DISCA 8/20p BTC 2X $53.5 INTC 7/30p BTC 2X $20 CLF 8/20p BTC $36/31 GDX 8/20 Strangle (covered) STO $37/30 GDX 9/17 Strangle (covered) STO $215/165 BABA 8/20 Strangle (layering on a $215 8/20p)


scheven

Sold MVIS 14.5 7/20 puts back in June that I had to roll to 13 8/20 for minimal credit because of massive dip in underlying. Still up 20% overall but with earnings coming up I'm thinking whether to BTC before earnings or hope for IV crush post-earnings.


frshprincenelair

IV on MVIS is very low, it will go up going into earnings before it crushes after.


JohnnyH_12

I was looking to sell some CCs today, but even though the underlying went up I wasn't liking the price action on the calls. Not sure what I want to do now with earnings right around the corner.


Old_Needleworker_865

STO LOGI 8/20 PCS 115/120 for 1.93 credit


StonksGoUpApes

STO 4x **FB** PCS aug27 +345P/-350P $1.13cr STO 1x **NVDA** short strangle jul30 -175P/-203.75C Holding 4x **NVDA** short strangle aug20 -188.75P/-215C call has went into profit, put down nearly inverted % of calls Figured there's some more money in NVDA so i sold that strangle to expire this week as hopefully easy money.


rhinest0necowboy

TSLA 550 7/30 lets get this bread boys


nangitaogoyab

Same here @$2.19CR.


VeganFoxtrot

Revisiting TSLA earnings with an iron condor. Feels safer than spreads


Iseecircles

What strikes you like?


VeganFoxtrot

sold 530P, bought 510P. Sold 750C, bought 770C. Wanted to just short strangele, but IC just a little insurance policy if it moves


pista05

Nice did similar ​ TSLA Aug06 540/550 750/760 Iron Condor @ 1.18


Oblivious___

What you guys think about settling up a long strangle (I know not thetagang like) on JD. I’m thinking this either keeps drilling or makes a quick reversal in around 2 months


1Mark_ca

BABA may be better due to lower IV...IVR on the other hand sucks.


Ircrixx

IV is high now on all Chinese stocks tho. So it’s not the time to buy options.


VeganFoxtrot

It's a good idea. It's like wearing oven mitts when catching the falling knife. Some safety there. I would look at a short term horizon potentially


Oblivious___

Yeah if I set up an at the money straddle then the break even points at 71 or 58. I feel that’s two reasonable outcomes JD will be at in let’s say 2 months


VeganFoxtrot

I was gonna say weekly and narrower and just play a short term trade on it. That's a pretty huge gap


10kmaniacsfan

I think he is looking at a straddle, not a strangle, so it is about as narrow as it gets. Those 58 and 71 are the breakevens given how high IV/premiums are.


missusthepoint

STO PINS 7/30 64.5p x4


KaleoBlue

I have PTSD with PINS CSPs - good luck!


missusthepoint

what happened? what delta was ur put?


KaleoBlue

In hindsight getting assigned at $65 wouldn’t have necessarily been bad…


butterflavoredsalt

I kept rolling my 75P until I got out scott free. Made quite a bit with all the credits


KaleoBlue

It was a $65 .30ish June monthly - earnings were good but growth numbers were bad, so the underlying tanked hard in a day - finally recovered (barely), but there were a few of us at more than 100% loss for a while…


justsoldaput

Just buying shares and LEAPS on JD. I couldn't resist shares in the mid 60s.


Careful_Strain

Neither could the CCP


Unique_Name_2

They didn't touch JD...


Careful_Strain

yet?


KaleoBlue

IV surging on TSLA - I was about to close a 7/30 $550 put at ~$1.70, now popped to $2.70 - ride or close? (sold at $4.50)


ThisKarmaLimitSucks

50'ish percent profit doesn't sound bad to me.


KaleoBlue

Oh well - earnings beat 😂


KaleoBlue

Closed it at $2.40 - earnings on TSLA are a crap shoot. (I really think earnings will be good, but it’s not worth the risk, even at this far OTM / delta…)


LeoFireGod

I bought 6. 9/17 $1 calls for NXTD for $40 each. I then sold 6 8/20 calls for $40 each as well. If stock closes below $1 on that date or no one exercises early Don’t I have 6 free $1 calls for September? (Trading at $1.16)


StonksGoUpApes

Lmao, I'm trying to get some fills on this. Yes this is a risk free strategy.


mastakebob

I'm surprised that those 2 dates were the same price, but I don't see a flaw in your logic. Hopefully someone smarter than me responds with a more definitive answer.


1Mark_ca

i bet these trades were placed separately and the movement of the stock made this possible...so nothing special really...iv helped in tightening the spreads.


mastakebob

Fair. The way he worded it made me assume he executed both at the same time. Wonder what market conditions could result in an extra month of DTE having 0 value.


1Mark_ca

computers will eat these up way before we can make a move...i gave up looking for these type of arbitrage long ago.


Unique_Name_2

Calenders on high front month IV can get you some cheap calls. Worked out amazing for F for me, only time I did it because I didn't like the price action before front month expired. Felt weird and I would actually lose if it ran up.


LeoFireGod

If you can buy a call for 9/17 and sell a call at the exact same strike for 8/20 for the same price is there any downside risk at all here or do you essentially get free calls for a month if the stock doesn’t go above that strike on the 8/20 date (or doesn’t get exercised early)


GatorsILike

What’s the ticker?


LeoFireGod

Sent it right above I think but NXTD


GatorsILike

Getting assigned early would actually be a good outcome for this trade as the holder would be throwing away the extrinsic even quicker than expiry.


Thetaticians

just for future reference, this is called a calendar spread and it's a volatility strategy where you bet on volatility increasing faster than the underlying swings in price.


1Mark_ca

overruns on both sides can make this a losing trade. On a big upswing you will lose because the sept call has bigger premium than the sold call...similar situation on the downside but you are only affected as you get close to the sept expiration. When in doubt, always put these in an option calc.


StonksGoUpApes

No, this is a zero loss strategy with defined gains (albeit very small) before aug20 and uncapped potential after Aug20. I have the spread open in ToS trying to get a fill but I'm not getting any at 0.0 yet, it's at 0.025 presently


1Mark_ca

I'm talking general not his specific positions. If the stock you do this with blows hard on the upside past your strike and delta goes to 1 you are in loss territory way before expiration of the short call.


StonksGoUpApes

Naw, if he gets assigned early he can execute his long calls for a net 0 cost, other than perhaps some commissions or fees. His long call strike is the same as the short call, there's no risk of high end loss. At most you could lose money if the company went bankrupt, but not OP since he actually paid $0


LeoFireGod

Yeah I think I have 0 gain if it’s over $1 on or excercised before aug 20 but possible infinity gain if it closes below that. Most likely I’ll buy back the aug 20th on the 19th if it’s over $1 and sell the September and collect the premiums.


StonksGoUpApes

If you're assigned early, the long call should have slightly more equity that you should be able to sell it then buy 100 shares unless the stock legged up between it. Then you'd exercise for no gain. If you're not forced to exercise you should net something like $2-12 per contract, minimum.


butterflavoredsalt

limit orders in for straddles on GE and PHM for earnings. Anyone else making earnings plays?


StonksGoUpApes

Holding **TSLA** Sept17 620P 680C strangle


ThisKarmaLimitSucks

MVIS earnings this Thursday. Should I buy-write an FD?


StonksGoUpApes

I picked up 5x 14C for Aug6 as a YOLO.


Tfarecnim

I wouldn't do it until there's at least a sign of a runup, the premiums are too low and you'll risk getting gamma squeezed.


ThisKarmaLimitSucks

Thanks for the heads up. I'll stick with the original plan... writing a post earnings play on Ford like a good little boomer.


hokies314

Sorry for the dumb question. What does FD stand for?


Tfarecnim

Friday Delight, there's another term in place of Friday, but that's offensive to some people so I won't say it here. It refers to short term options, usually weeklies that are ridiculously OTM or have a low delta that are purchased hoping to hit big, very popular on WSB.


HippoDan

"Fool's Delight" would be an acceptable substitute...


hokies314

Thank you. Are you thinking of selling a call and buying a call? Sell with lower strike price and buy with higher?


Tfarecnim

Nope, for this play I'm sticking with holding long 8/20 calls because MVIS is liable to spike at any moment due to upcoming catalysts.


ThisKarmaLimitSucks

Family doctor.


sashkana23571113

Starting to feel like I'll be trapped bagholding ATOS for life. By far my unluckiest CSP play


mastakebob

I've been bag holding ICLN for damn near 6 months now. IV been sitting around 20%. Real tempted to just sell, eat my $1k loss (after 6 months of shitty CC premiums) and move on.


sashkana23571113

I would do the same, but my loss is currently at 20% :(. On a 40k buy


NecessaryPear

so nice to see someone else who got in when i did


HoleyProfit

Back to selling calls on memes / smalls; ​ AMC - Entering 39.60 Selling strikes for 35, 30 and 25 GME - Entering 183.20 Selling strikes 175, 165 and 155. PLTR - Entering 22.02 Selling strikes 20, 18 and 16. ARKK (Biggest position by a factor of three) - Entering 121.90 Selling strikes 119, 115 and 112.


crunchypens

Think this is the low for amc for awhile? What strike and exp did you do? Edit my bad sorry just saw your strikes.


HoleyProfit

I think it's a high. I've been shorting calls for a while. I exited here [https://www.reddit.com/r/BeatTheBear/comments/ok67op/memes\_might\_be\_ready\_to\_go\_long\_soon/](https://www.reddit.com/r/BeatTheBear/comments/ok67op/memes_might_be_ready_to_go_long_soon/) ​ And now I am entering into the bounce again.


crunchypens

So you are selling puts? Gotcha that clears it up. But I checked cc you get some sweet premium for one week selling covered calls. Thanks.


HoleyProfit

No. I am selling calls. It's a bearish bet. I am betting on a decline of over 30% in memes. ​ u/crunchypens \- See the work for the trade here. https://www.reddit.com/r/BeatTheBear/comments/os4j42/amc\_and\_gme\_similarities\_update/


crunchypens

Thanks. Thank you for being patient!


TheRealJYellen

Can someone ELI5 why VIX is spiking but S&P, NASDAQ, DJIA and Russel are all flat? Is it because some of their components are up and some are down?


NG_Squared

VIX is weighted to yield a constant, 30-day measure of the expected volatility of the S&P 500 Index. That is why short-term movements do not move VIX.


Thetaticians

major tech earnings (FAANG) this week which happen to be the primary sector propping indices to ATH. Also there's suppose to be a FOMC meeting this week and any hint of non-transitory inflation or hawkish monetary policy will spook markets


butterflavoredsalt

VIX is just the implied vol of SPX, it often spikes with a drop in prices but a change in price isn't required


bebop_remix1

VIX is based on options prices. options prices are based on expected or implied volatility


SpaceTraderB

If anyone is holding 100+ shares of MARA or RIOT, it’s a great time to do covered calls. Collect some premiums 💰💰


Msg_me_ur_boobz

I'm poor so my covered calls are ebon and btbt. Today, I swapped for longer duration for a small credit to avoid exercise. Not sure if I'm dumb.


speakers7

Eh, my cost basis for Mara is $34. I rather wait till it hits it then sell some Covered Calls. But if you got a lower cost basis today is definitely a good day.


Kira005

I'm waiting on one more green day to sell CCs. Hoping it'll be trading in the 31-32 range tomorrow


SpaceTraderB

Bitcoin has pulled back falling from $40k to $36k. After the false crypto Amazon rumours. Today was the best day to collected premiums. MARA and RIOT both down -5% after hours.


Kira005

Yeah. It does feel like the steam has run out. Hoping it will be a bit green at least by tomorrow


Tfarecnim

AAPL is getting close to 150 again, so: STO 10 AAPL 7/30 150c/152.5c for $1 credit each.


SpaceTraderB

This a quick scalp, I wouldn’t recommend holding this through earnings. AAPL could surge if they have a good earnings report


Buffscuttle

Sold 2x RKT 17.00$ Aug 27 CC's @1.44$ My thought is I'm covered until 16$ which is lower than RKT has ever been and if it gets there I'll just sell another itm cc. If it stays above 17$ I make 5% in roughly 1 month. Just a trade to have my money sit hopefully. I'm getting darn close to 25k so I can start selling csp on margin and I'll be switching to that over synthetic csp asap. Hate having to pay interest.


TheRealJYellen

What broker are you on? Etrade lets me sell CSPs with level 4 options with a smaller account.


Buffscuttle

I'm on qtrade right now. But technically I'm not "cash secured". I'm Canadian so I keep all my money in Canadian then borrow in American to avoid the 1.5% transfer fee every time. Eats away at me interest wise. So csp in the eyes of my broker are actually naked puts as I have no usd to secure it. It's weird but I only need 25k cad to be able to do "naked puts".


TheRealJYellen

Ahh, gotcha. Similar here, technically it's a naked put, but it drops my available margin by the amount that I would need to secure the position and doesn't charge me interest.


Ceruleangangbanger

Made 400$ off my PLTR wheel that’s it for today I’ll sell another tomorrow buy back rinse repeat


SpaceTraderB

How much shares you own of PLTR


Ceruleangangbanger

2k! Average 20


charles11125

thinking about running OSTK thoughts ?


VeganFoxtrot

Chinese stock meltdown. Selling some BIDU puts into the weakness.


mickbets

I would be careful with that one I got out of last week at loss is still going down. if the Chinese government is the issue stock will not act like US stock and may not just be oversold.


BlueOrcaJupiter

How do you calculate the acceleration of theta ?


sittingGiant

d^2 (theta)/dt^2


GretaVonTendie

Pi R Square? l know, l know "But pie aren't square, pie are ROUND, cornbread are square."


FriendlyCaller

x = (-b +/- sqrt(b^2 - 4ac)) / 2a


BlueOrcaJupiter

Not sure if answer or bs


bebop_remix1

divide by 2, add 7


TheRealJYellen

I believe that's the quadratic formula that he gave. Theta acceleration isn't linear, but you might be able to pull some data and try to come up with the equation with some regression modelling. I suspect that you end up in a situation where the theta acceleration is so dependent on other factors like underlying price price, delta and IV that theta acceleration on it's own isn't too useful.


idrinkamp

lol its the quadratic equation dude


BlueOrcaJupiter

Nice


Lerko911

SNAP $72 30July 2021 (w) put100 AMC $45 13Aug 2021 (w) call100 AMC $50 13Aug 2021 (w) call100


T1m3Wizard

AMD anyone?


Squish_Squash_4485

Closed an amd call last Friday, may buy another this week.


10kmaniacsfan

Long 300 with 3x 8/06 95c sold a bit lower than today. Got called away on last spike back in late June, I guess i just dont learn.


T1m3Wizard

Some would say that's max profit.


ApeLovesTendies

I had two LEAPS expiring Jan22, sold them today. It usually drops post earnings, so I hope to be able to buy the dip for a later expiration. Might keep going up until tomorrow at close.


T1m3Wizard

I was looking at selling a csp to capture some of the crush post earnings but surprisingly IV hasn't increased by much. A bit tempted to purchase a weekly put or two.


qwert1225

What do you guys think of AMZN during this week's earnings?


BlueOrcaJupiter

Blowout but always falls post earnings