/og/ - Options general

[thetalad No.24033668]

This is the first options trading general only, I am interested in seeing how many options traders we have here and thus wanted to separate this general from /smg/ as what we want is to sell volatility and share high probability trades

>Brokers
Tastytrade by far no 1
TD Ameritrade
Everything else is probably shit

>IV Filtering
https://fdscanner.com/

>Risk Management
Not much to say, we can all YOLO and loose money. It is mathematically proven that with high number of occurrences we get closer to the mean average of our returns. Not more than 1-2% max loss per trade.

>Live Streams
https://www.tastytrade.com/tt/live

>Educational Sites
https://www.tastytrade.com/tt/learn/

>Free Charts
http://www.tradingview.com

>Flow screeners
https://swaggystocks.com
https://www.waffles.finance/
https://marketchameleon.com/ (my favorite)

>Options profit calculator
https://www.optionsprofitcalculator.com/
(pretty useless if you have a good broker, but not everyone does)

>Commandments and tips
http://tastytradenetwork.squarespace.com/tt/blog/-tastytrade-trading-commandments

I would be very happy to see /biz embrace this attempt and have a proper options only discussion

If people also trade options on deribit we can naturally include it

[Anonymous No.24033710]

>>24033668
Does anyone play earnings?

[thetalad No.24033739]

>>24033710
sometimes i do jaded lizzards, normally i close 2 weeks before earnings as that is when volatility starts contracting i think

[Anonymous No.24033772]

>>24033739
Does IV crush contract that fast? I always thought it plummeted a day before earnings

[thetalad No.24033824]

>>24033772
i guess it depends how you play it, i have burned myself enough times to only sell premium for the vast majority of cases. So I normally do 40-45 days to expiration and manage it at 20-21 days prior expiration

When i say manage its either take profits, take the loss , or roll if its naked. And yeah, volatility starts contracting about 1-2 weeks prior expiration normally

[Anonymous No.24033843]

My current position:
CHL Put $30 11/20
I bought these puts last week after the Executive Order banning investment in China Mobile after January 11, seeing the overall downtrend for CHL, the 'crackdown' on Chinese Tech, and seeing the AAA rated Chinese coal mining company go under.
My logic was that all combined would create a run on the stock.. it has fallen every day since on both Hong Kong and US exchanges.. it is currently at $30.13
I get the feeling that it is going to finish on Friday at $30.01, and then on Monday get to $29.00, just to fuck my Put.. I am going to diamond hands these puts.. I have liked what I have seen this far.. if tonight it is red in Hong Kong I will be very happy.

[thetalad No.24033886]

>>24033843
what was the IV when you bought the put ? puts are normally the best way to loose money. Especially when you buy on high IV / high IVR

[Anonymous No.24033935]

>>24033824
That makes sense, I bought a couple CVS calls for feb since I think it's gonna recover and they have earnings sometime around that point, I'll keep that in mind.

I've seen meme stocks like NIO and PLTR with crazy IV, I'm assuming that's not usually the IV you'd see with regular earnings and more on the hype right?

[thetalad No.24033993]

>>24033935
yeah good point, need to add it to the next general, ONLY trade liquid products, or you will either get assigned cause the other fucker cant close his position, or simply wont be able to take the fruits of your trade as the spread will fuck over any possible profit you might have made. Liquid products ONLY

[Anonymous No.24034018]

Sold a CRSR call for 265% profit today.

Have another CRSR $30c 2/19/21 already up 330%

[Anonymous No.24034038]

>>24033993
I've heard horror stories on assignments haha, luckily I'm only buying calls since I have a 1k account, but good to know once I start trading spreads

>>24034018
I wish I bought yesterday, currently holding the DEC18 45C

[Anonymous No.24034054]

>>24033843
Got similar puts a day or two ago at 27.5, but december expiry

[Anonymous No.24034062]

>>24033886
~30% IV
very low (I was surprised how reasonably priced they were - $0.15 per) made no sense to me after the Executive Order came out
I very well might have them expire worthless - the risk/reward seemed very worth it (still does.. just I think that MM may fuck the price temporarily just to fuck the puts expiring)

[Anonymous No.24034073]

>>24033772
It's based on vega

[thetalad No.24034084]

>>24034038
thats bullshit trust me, assignment should be welcomed if you go far out, as the extrinsic value of the option literally holds its value. Nobody is retarded enough to assign an option anywhere close before 2-3 days prior expiration or dividends. Assignment is a myth to keep normies out of the game

[Anonymous No.24034088]

>>24034038
12/18 45c You might get lucky. 4 weeks away. I jumped almost $4 today though so the stock might cool down.

[thetalad No.24034136]

i see activity on this thread is picking up, lets hold it up lads and keep the thread alive for future as well, im fuckin tired of smg, rest of biz is simply worse then /b

[Anonymous No.24034145]

coped some GE calls 12c jan and 15c march. yolo play.

[Anonymous No.24034146]

>>24033668
just sold my PLTR $12.50 11/20 Call that I bought back in October for $23. It was my first winning option.

anyway, right now I'm in on Cannabis for long-term, Hydrogen short term.

PLTR, NIO, RIOT, PLUG, FCEL are some of my plays right now.

[Anonymous No.24034148]

>>24034054
Nice - are you up on them? There was more news yesterday (I think) regarding the SEC pushing to delist / ban companies, good for our position(s)
I think by December you may also catch the market in general pulling back in combination with the deadline looming - I respect your position

[Anonymous No.24034168]

>>24034088
Probably gonna sell if the stock hits 40, and possibly roll it out into a further call

>>24034073
>>24034084
This is why I love options more than trading the stock, my degree comes in handy for once

[thetalad No.24034179]

lets have some pols on our deltas shall we ? to see how many delta negative lads we have here, i saw bonds picking up , which is probably super bearish for stonks

[Anonymous No.24034184]

>>24034148
It's definitely up but it's so low volume that it doesn't show as up.

[thetalad No.24034211]

>>24034146
you directional i suppose ? buying premium only?

[Anonymous No.24034223]

>>24034148
Yeah it was yesterday
https://www.bloomberg.com/news/articles/2020-11-17/sec-pushes-urgent-plan-that-could-delist-chinese-companies
Highly unusual for the SEC to push this in the lame duck period / not waiting for Biden to take office, or at least until the electoral college voted on December 14

[Anonymous No.24034269]

>>24034136
>im fuckin tired of smg

It's one of the better trading communities out there, twitter, wsb, and stocktwits gave me stage four, the smaller the community the better.

[thetalad No.24034293]

>>24034269
i would never benchmark against wsb or stocktwits, but still i think options themselves deserve a separate general

[Anonymous No.24034320]

Lurker posting encouragement.

[Anonymous No.24034327]

>>24034269
Agreed. WSB is fun though for the memes. We are lucky to even have SMG the rest of /biz/ is full of shit coin. This would be a shit board without SMG

[thetalad No.24034361]

>>24034327
100% agree, but we need to evole at some point as well
>>24034320
welcome fren, feel free to ask

[Anonymous No.24034400]

Bump

[Anonymous No.24034418]

>>24034168
You’re literally asking day 1, retarded questions. You have dunning Kruger syndrome.

[Anonymous No.24034427]

>>24034146
I sold my pltr 7.5/10 and 8/10 calls extremely early because they maxed out so fast, I didn't want to roll them up. I should just be happy to 3x I guess.

[Anonymous No.24034438]

>>24034018

wish i went for long position instead of buying it as an equity. itll probably hit 42 dollars in a month.

[Anonymous No.24034441]

I threw out this question a few weeks back on /smg/ and no one had answer for me. I finally managed to discover the answer myself (thanks McGraw Hill) so I figured I'd share it here.
Is Implied Volatility supposed to track with something tangible and predictable, or is it just a fudge factor?
The answer is that it is a prediction of the price movement over the course of a year, mapped to a normal distribution. So, in other words, if the IV is 100% then after 1 year there is a 62% chance, 1 standard deviation, that the stock price will be different by 100%. Obviously this is not a perfect tool due to the fat tails of the actual distribution of price changes, as Black and Scholes discovered to their chagrin.
Still, I like understanding what these percentages are really supposed to mean, and what you might expect your options to do over the lifetime of your contract.
I'll note that you can't just divide by twelve to get a month's percentage distribution. Instead you have to divide it by the square root of 12. So, if your IV were 50%, you'd divide that by 3.5 and discover that your monthly contract's expected movement is 14.7%
Anyone who understands IV better than I do should feel free to correct any mistakes I've made

[thetalad No.24034450]

post your options flow screeners and strategies to improve the future threads

[Anonymous No.24034462]

>tsm 100c for 12/24
>down a gorillion dollars

is there anyway to ease this suffering bros...

[Anonymous No.24034469]

Anyone else get in on the PCG calls besides me and the anon that shilled them? Not sure if you want to get in now if you haven't already because it poomped hard today, might not be the best time to buy in.
Also has anyone else had success with daytrading options? I've recently been making small gains (2~5%) on a daily basis with my shitty little 4 figure account on SPY and SQQQ

[Anonymous No.24034489]

>>24033824
volatility starts contracting about 1-2 weeks prior expiration normally
The effects of vega reduce over time as it is extrinsic value. This can be exploited by making your short legs closer itm than long legs for things like earnings volatility.

[thetalad No.24034501]

>>24034441
there is a reason we normally target 16- 20 deltas for selling premium as they have statistically the highest chances of expiring worthless while earning some fancy premium

unlike the rest of the brokers only tastytrade has a bar of the IV move ON the options table making it easier to sell otm options

[thetalad No.24034529]

>>24034489
yes, but i am also very much into avoiding gamma exposure, so i simply close it 2 weeks before expiration, its just an extra argument to do so

[Anonymous No.24034538]

>>24034462
multi leg strategies to reduce your exposure?

[Anonymous No.24034542]

>>24034501
I usually aim for 50% IV, actually, since I don't care if they end up executing on the contract as long as I hit my monthly target.

[thetalad No.24034562]

>>24034462
yes, take a break, stop buying premium, learn greeks, and join theta gang

[Anonymous No.24034570]

>>24034361
>we need to evole at some point as well
I agree which is why I am glad to see this thread. Literally every thread on this board is shit coin. Shit coin needs its own thread. Imagine if we had 50 threads for each fucking stock. Why are they allowed a separate thread for each coin?

[thetalad No.24034589]

>>24034542
i normally aim for high IV AND high IVR, which i think is important. Also i normally trade SPY and other high liquid options in order to have those tight tight spreads

[Anonymous No.24034603]

>>24034529
Gamma exposure varies based on the kind of spread/position of your legs itm/otm right? Anything that pulls my short leg down is just extra upside for me which is why my options increase up until expiry.

[Anonymous No.24034627]

>>24034469
For around 3 months I was making 2-3% a day, day trading SLV options - then, on October 5, with all indicators / conditions right for a quick silver spike, I overextended into calls - within a minute
Trump tweeted that he was instructing the stimulus talks to end - everything dumped instantly - I panic sold like an idiot on the crash. I wiped out ~2 months of gains in 5 minutes.
Obviously, I'm a retard, and don't do what I did. Don't overextend, and always know that 'anything can happen' - you can get wrecked by unexpected 'black swan' like events; don't make the same mistakes I did

[Anonymous No.24034631]

>>24033668
>https://marketchameleon.com/ (my favorite)
My nigga

[Anonymous No.24034649]

I have a question
If I buy SRAC options, will those roll over to MNTS options when the merger is official?

[thetalad No.24034648]

>>24034603
well, gamma is technically speaking the speed at which delta changes, so closer you are to expiration the higher the exposure

[thetalad No.24034677]

>>24034649
without knowing , my answer would probably be a 99% no. They should specify it in the contract you are trading though

[Dividend Blue Chip Zoomer No.24034680]

>>24034462
>single naked call
Bro why

Also anyone else actually exercise their options or we just all out here selling shit a week to expiry

[Anonymous No.24034686]

should i move onto options bros.. equities limited upside is killing me.

[thetalad No.24034721]

>>24034680
people exercise for 2 reasons :
1. they cant sell because the spreads are shit
2. expiration is too close and there are no buyers on the other side
>>24034686
i did, i will never buy equity again if you ask me until i am at 200k usd balance at least

[Anonymous No.24034763]

>>24034680
>Also anyone else actually exercise their options
You think I can afford a 100 shares of anything?

[Anonymous No.24034767]

>>24034648
It affects legs closest to atm closer to expiry, so I tend not to worry for what I'm doing currently. I think it's useful to know for hedging/locking in value? I'm not sure.

[Anonymous No.24034777]

Gathered up my collection of options textbooks for you guys
https://mega.nz/folder/wwVH0KLB#HkcUbCIz_Q-NyELfEA0P1A

[thetalad No.24034790]

>>24034767
what is your strategy if i may ask? what you say is correct

[Anonymous No.24034809]

>>24034686
Im slowly moving to options only. There is just too much money to be made. I don't have the capital to make money on shares alone. Sure you can make money from meme stocks mooning but you can just as easily get burned by meme stocks.
Obviously options are a gamble too but if you play it safe and smart, you can still make decent money faster than stock shares.

[Dividend Blue Chip Zoomer No.24034815]

>>24034763
Anything under $100/share?

[Anonymous No.24034819]

>>24034777
>thx fren. nice trips

[thetalad No.24034852]

>>24034809
>Obviously options are a gamble too
that is so incorrect it jurts my eyes, how can high probability trades be a gamble ? target 16 delta premium and you will be fine 99% of the time

[Anonymous No.24034865]

UK bros, how do you guys trade options & LEAPs?

[Anonymous No.24034882]

>>24034852
I assume he's talking about buying, not selling

[thetalad No.24034883]

>>24034777
thnx fren, also witnessed
>>24034865
im living in Sweden, and i opened tastyworks, any other eurobroker is total crap

[Anonymous No.24034903]

Guys it stings...

Also, what does 'buying premium' mean?

[thetalad No.24034912]

>>24034882
yes, buying options is a 50/50 gamble, thats why we sell premium

[Anonymous No.24034914]

>>24034865
American here, I use IBKR, and I think it's ogey in EU

[Anonymous No.24034918]

>>24034852
Take NIO, for example, it tanked last week after that hack journalist shorted them. My calls were deemed worthless. My 60 shares however, recovered by Tuesday the following week.

[thetalad No.24034946]

>>24034903
it is when you buy premium, or LONG a call/put, the premium is the insurance you get, your max loss, so profit is theoretically infinite but loss is caped, that comes as a result of you loosing money 80% of the times

[thetalad No.24034984]

>>24034918
dont trade meme share options, trade high liquidity ones, especially when selling premium. Naturally you can get rich by buying calls and waiting for the moonshot, but that is an equal of buying a lottery ticket

[Anonymous No.24035037]

>>24033668
What are some relatively safe indicators for selling options? I wanna get my toes wet.

[Anonymous No.24035043]

>>24034984
Okay then take SPY for example, a "safe" options stock. It randomly dropped below 360 today and my 361c most likely wont print tomorrow or Friday.

[Anonymous No.24035054]

>>24034777
Thanks dude, and checked. Was looking for a pdf of options as a strategic investment and it's in there, sweet.

>>24034790
deep itm vertical spreads, with short leg atm at a point of high volatility 30-45 dte. I base the breakeven price and long strike at strong supports. This creates a "staircase" effect where moving forward in time will reduce your short leg's value significantly if you wait. usually they are about .3 delta apart.

As an example (these numbers can vary this is an example):
If by the time of expiry the underlying is anywhere higher than -4% of what it was when I opened it I make about 30%, if it's down like 7% I break even, and at like -10% it expires worthless. If the stock goes up a bit I can sell it earlier, but I can always wait and make about 1% a day by holding assuming it crabs. Obviously the pick of underlying matters.

I have a dozen open currently and keep money in cash because it is sensitive to black swans. I'm looking to see if I can do better than this with other strategies so I'm looking to learn more about other strategies.

[thetalad No.24035071]

>>24035037
1. High IV
2. High IVR

thats about it , you sell fear , you target 16 delta, either with iron condors, butterflies, of credit spreads, i would normally not recommend go naked but then again if the IV is high enough you can always just roll it

[Anonymous No.24035073]

Where do you guys keep the money for short puts? Cash only? Maybe SPY or liquid bonds?

[Anonymous No.24035118]

>>24035073
Usually DIA over SPY for me, although I might be wrong in considering it to be the less volatile of the two

[thetalad No.24035145]

>>24035043
but, if you buy an option, you are delta directional, meaning it is always a 50/50. Since we accept nobody knows the future
>>24035054
this is interesting, i will give it a calculation and a try, cheers fren
>>24035073
not quite sure i get the question, when you short a put or a call a part of your balance is being held as collateral though you do get the credit

[Anonymous No.24035149]

How much money should I start trading with?

[Anonymous No.24035168]

>>24035145
I use option profits calculator to make them also. It makes the staircase thing I'm talking about really obvious.

[Anonymous No.24035219]

>>24035071
Unfortunately, I cant do spreads yet cause I dont have enough experience. I would like to do condors, cause they reduce the cost, which also helps with risk I suppose. Forgive my ignorance, what are IV and IVR? I'm guessing Delta is some kind of change over time?

[Anonymous No.24035242]

>>24034084
>retarded enough to assign an option anywhere close before 2-3 days prior expiration or dividends

why would that be retarded? I have a finance degree but I was a C student

[Anonymous No.24035248]

>>24034984
>trade high liquidity ones, especially when selling premium.
Could you explain this more?

[Anonymous No.24035259]

Guys, WHat is your opinion about baseprotocol.org?

Found many interesting reviews about it, everyone are talking that this is the new DeFi Gem. What do you think about it?
Is it wort to invest in it now?

[Anonymous No.24035267]

>>24034627
>Don't overextend, and always know that 'anything can happen'
Thanks for the advice, I've only been trying to trade for a few months now, and this strategy I'm using now only for a few weeks, but I'm trying to keep myself disciplined with my entries and exits, the second I catch myself thinking
>well, maybe I'll wait just a few more minutes, it could go up more
I force myself to exit like originally planned. I also am trying to set rules for myself on when to cut losses and exit before losses get too bad but I'm not quite as disciplined with that side yet

[thetalad No.24035268]

>>24035219
no question is ever a dumb question fren, we are here to help each other
just to clarify an iron condor is practically two different credit spreads. So a credit spread should be always cheaper than an iron condor

IV is implied volatility, markets fear expectation, which is almost always higher than actual , meaning fear is overstated
IVR is implied volatility rank, that you can google

[Anonymous No.24035298]

>>24034809

during the crash, i made almost 40k out of airliner puts, then i put so much money on calls for tesla pre split at 400, i lost about 50k as it kept on dropping to 300, i recovered most of it but im still hesitant to get back into it.

[Anonymous No.24035331]

>>24035145
Yes, but my broker doesn't care if the collateral is cash, equities or bonds. Maybe it's different if you don't have a margin account.

[thetalad No.24035360]

>>24035242
well look, your option has an extrinsic value, which will go to 0 on expiration day, if i exercise 20 days before that i loose that extrinsic value, so that almost never happens, because it makes more sense to simply sell the option
>>24035248
imagine you buy an option, and there is nobody to sell it to, then the only option is to exercise, unless there are tight spreads that hold the extrinsic value of it, then it makes more sense to sell your option and NOT exercise
>>24035259
fuck off shill, mods pls keep this thread cryptofree

[Anonymous No.24035396]

>>24034918
Longer dte, diversify your positions. It sounds like you're buying weeklies, or not rolling/closing your options they get too close to expiry.

[Anonymous No.24035400]

Good thread, I hope to see more of these.

[Anonymous No.24035423]

>>24035259
P O O P O O
E
E
P
E
E

[thetalad No.24035455]

>>24035331
hard to say, as a euro i am extremely happy i managed to get tastyworks as a broker
if you are out there fellow europoors, dump your brokers, they are all shit, american brokers is the way to go
>IBKR is probably a good exception, however that GUI is just fuckin cancer

[Anonymous No.24035457]

>>24035268
I think I see now, so your optimal target is something people are panicking about. For example, when Elon Musk got into some legal trouble in early 2019(?), but ended up way more than fine.
While IVR is some arbitrary, not arbitrary number like a rotten tomatoes score for stock volatility?
I may be fundimentally misunderstanding something about condors then.

[Anonymous No.24035470]

>>24034852
> target 16 delta premium and you will be fine 99% of the time

need an eli5 on this one my guy

[thetalad No.24035494]

>>24035457
iron condor, is when you are delta neutral fren, so you sell a credit spread above spot strike and a credit spread below spot strike, you want the price to remain between the two selling strikes you did. The buying you do is to protect yourself, otherwise you would be selling strangles

[Anonymous No.24035525]

Hi everyone. To commemorate this new general, I present to you the option play of a lifetime! This Friday, 11/20, I estimate that BCRX 12/18 4.00C will be going for $.50. This is due to the fact that I believe the price will be pushed to 3.99 on Friday close as there are over 7,000 retail calls at that strike. BCRX is notorious for being pinned on calls. 98% institutional ownership! Either way, if you can get 12/18 calls for ~.50 cents I believe this to be a great deal due to the coming announcements. PDUFA date for Berotralstat comes out on Dec 3rd, Galidisivir news due Q4, and more! Great pipeline on a stock that's being held down very short term before it runs. Check it out. Dec 18 PT @ $7.50

[thetalad No.24035533]

>>24035470
delta is your biggest greek fren my fren, please do yourself a favour and learn the greeks
t. greek

Delta is direction practically, and a delta of 16 has a 16% probability of closing ITM compared to spot strike (meaning a 84% probability it wont ) making it statistically the perfect spot for selling premium

[Dividend Blue Chip Zoomer No.24035538]

>>24035470
Delta = change in options value based on a $1 change in the underlying

[Anonymous No.24035562]

>>24035494
So it is a risk mitigation strategy, just not in the way that I was told? Just idle stonk chat with a coworker.

[thetalad No.24035602]

>>24035562
the buying one yes, the selling one no

[Anonymous No.24035614]

>>24035455
But is there a broker with a better app than IBKR that has the same utility? I do most of my trading from my phone, and I still kind of miss RH just because it was so smooth

[thetalad No.24035664]

do we still hate tripfags here? was thinking whether i should make a trip for future reference or not
>>24035525
will check, cheers fren
>>24035614
Tasty is only for options and futures, if you want to buy the actual underlying asset then thats not for you, i for one keep saxobank for simply buying equities

Tasty > IBKR >...........> Everything else

[Anonymous No.24035684]

>>24035602
Thank you for your time Mr.Zog. I need to do some research, this options thing isnt as plain as it seems to be.

[Anonymous No.24035754]

>>24035664
No trips say I. People are more willing to be honest about mistakes when they can't be tied back to them later.

[thetalad No.24035779]

>>24035754
i welcome mistakes, mistakes make me learn shit, loosing money is probably the fastest thing that made me learn anything fren

[Anonymous No.24035823]

>>24035779
Others are also less likely to ignore you for making a famous mistake. I just think the quality of discussion is better when there's no intimation of who you're talking to, so you have to take their arguments on their own merits. There are downsides, too, of course, but if I wanted to deal with those I'd be on a forum.

[Anonymous No.24035848]

>>24035754
What do you mean?? You don't want me to post a screenshot of a losing trade you made 6 months ago to discredit you for a trade you're in now??

[Anonymous No.24035873]

>>24033710
I definitely use marketchamleon to work around earnings. Covid is making earnings spread predictions completely unreliable, so I actually try to get in a couple days after earnings. Only time I have actually played earnings was PIN because it had a price target go up to the moon a week before earnings, but my positions were spreads that capped my gains and it went up like 40% and I only got like +50% out of it.

[Anonymous No.24035884]

oh fuck, options general. do you all believe in / follow / subscribe to technical analysis? I like the argument that "Well if everyone uses it it's bound to work" but I've looked at MACD and RSI and this and that and lost a fuck load of money before. just curious if you a) use it and b) if you do, is there any particular indication that has given you success?

>TA

[thetalad No.24035904]

>>24035873
>>24034631
what do you think about their "edge" over the market suggestions? seems like a simple iv + ivr play calculation

[thetalad No.24035931]

>>24035884
TA is astrology, here we use statistics, math and probabilistic game theory

[Anonymous No.24035936]

>>24035873
*PINS

>>24035884
If I'm planning on opening an bull call spread and the rsi is over 70 I wait before opening it. It feels like superstition honestly.

[Anonymous No.24035944]

bought to close my PLTR friday expiration $20c during the morning pump because i was afraid it would mimic yesterdays price action into today. Sad! at least my Hyliion sells offset the small loss
wanted to sell AAPL 2DTE calls but then it dumped on close

[Anonymous No.24035946]

>>24035884
I don't use any serious TA techniques, but the short time frame I'm usually working with when I buy options means that fundamentals are less likely to bear out, so mostly I just look for something that has been moving steadily upward in the recent past. It's Kahneman's whole thing against Prospect theory, people usually underestimate how much things that have gone up will continue to go up.

[thetalad No.24035985]

>>24035946
i would say markets in general have a bullish bias
>>24035944
to close to expiration fellow fren , gamma screwed you over

[Anonymous No.24035999]

>>24035904
You mean those cards? I care more about their historical iv data, iv ranking, and various other kinds of iv metrics, and some other stuff. I'd like to know about them too.

[Anonymous No.24036004]

Where can I sell covered calls on commodities?

[Anonymous No.24036013]

>>24035931
>here we use statistics, math and probabilistic game theory
What indicators do you consider to fall into those categories and not astrology? Lately I've been using keltner channels as they were shilled by someone in /smg/ and although they aren't perfect I've been having some success with using them on short time frames

[Anonymous No.24036015]

>>24035985
>i would say markets in general have a bullish bias
well shit they better - or else what's the whole point of investment into the market? 401ks would crumble, etc etc.

TINA - there is no alternative

[Anonymous No.24036024]

>>24035985
>i would say markets in general have a bullish bias
All stocks go to zero, take the armageddon pill

[Anonymous No.24036028]

>>24035985
im pretty new to options, whats gamma? is it the rate of theta, or is that vega? and on which option was i gamma fucked?

[thetalad No.24036037]

>>24035999
yeap, i mean i really want to start paying for their premium service, i just havent seen something extremely interesting that makes it worth it , so if you have anything to show me i would be more than happy to pay for it as i consider it as operational cost
>>24036004
are you an oil producer ? pretty much anywhere otherwise

[Anonymous No.24036055]

>>24036028
I posted a mega link earlier in the thread full of Options textbooks. There's one in there called Trading Options Greeks that I'd recommend you check out. There are a number of variables about options that have greek letters as shorthands, and you should understand them before doing any trading.

[Anonymous No.24036061]

are there any good cash covered puts left to get are around the 17 strike or lower this week? i put most of my cash into NIO when the options premium was off the charts monday

[Anonymous No.24036065]

>>24036037
They have live streams all the time and videos utilizing their features, you can probably even message them in chat and ask them questions.

[thetalad No.24036078]

>>24036028
gamma is the speed at which delta changes
>>24036013
Volatility is mean reversing , ALWAYS, cant get a better indicator than that can you ? high iv is a premium selling opportunity, unless you get caught in the middle and vega fucks you over, of course
>>24036015
this is however a phenomenon of a bull market, agree ?
>>24036024
based , we all die alone
>>24036065
60 bucks is worth it then i guess , thanks

[Anonymous No.24036104]

>>24036078
The live streams are daily I think, and they're on youtube, so before you buy you should probably learn what you're paying for lol.

[Anonymous No.24036104,1]

SPY 360p today went from .18 to 3.60

[Anonymous No.24036241]

>>24035946
>Prospect theory
This is why when someone put money on black for a weekly yolo that went up 300% everyone clambers over them to get trading advice, lol.

[Anonymous No.24036293]

I can't tell if the Market Chameleon shit is legit or not. I am watching some youtube videos they offer now. I mean obviously if you can make more money than what the subscription costs, then I guess it's worth it?

[Anonymous No.24036352]

>>24036293
The best features it has are free. That is why it's great.

[Anonymous No.24036377]

>>24035944
>tfw you're the retard gambler by selling ITM yolos but it works out

[Anonymous No.24036392]

>>24036293
Only solution is to ask someone who has it, or to get a bunch of anons to donate to a membership.

[Anonymous No.24036399]

>>24033668
I treat options like a degenerate trader. How much of my folio should I have in options fuckery vs my total stock portfolio or other total investments?

I don't want to be an /r/WSB degenerate

[thetalad No.24036470]

>>24036399
options can be a better way to beta weigh your portfolio, options offer strategy diversification which is better than just splitting equities vs bonds, i for one, am 100% options

[Anonymous No.24036626]

Is going all in with 10k for 11/20 TSLA $500 calls a sound financial plan?

[Anonymous No.24036636]

>>24035931
>The TA Lad
Sorry, can't unsee it.

[Anonymous No.24036649]

>>24036626
Well, I suppose, technically, AAAAAAHHHHH is a sound, yes.

[Anonymous No.24036703]

>>24036470
Is beta weight just a fancy name for covariance?

[Anonymous No.24036725]

UK/Euro here (can choose either, UK works better for cashout)
Where's best to buy options, mainly American stocks?

[thetalad No.24036786]

>>24036636
pls dont
>>24036703
i would say its a fancy way of saying "benchmark"

[thetalad No.24036811]

>>24036725
tastyworks fren

[Anonymous No.24036897]

>>24036786
Just googled it:
>A beta weight is a standardized regression coefficient (the slope of a line in a regression equation). They are used when both the criterion and predictor variables are standardized (i.e. converted to z-scores).

>A beta weight will equal the correlation coefficient when there is a single predictor variable

This is useful to know for algotrading because tensforflow has some functions to very easily calculate covariance which I've seen in some google collab projects.

[Anonymous No.24037026]

Still finding my way around options so now bully please.
What I still don't understand is, if you bought an option that was OTM, the stock rallies and the soar and you sell for a hefty premium. When can you close your position without the risk that someone will exercise that option?

In other words, does the baton of responsibility get passed to whoever sold the call last?

[Anonymous No.24037068]

>>24037026
Hardly anyone will ever exercise an option unless its very deep ITM. Options are usually just flipping the premium to someone else.

[Anonymous No.24037089]

>>24037026
You only have a responsibility if you are short options, in other words if you have a negative number of options in your account, if you just sell your options you were holding before so that you now have 0 in your account, you aren't obliged to do anything

[Anonymous No.24037172]

>>24037026
When you buy you are long on volatility and you are directional , if it moves in your favour options value increase as you are closer to strike price so you can either sell at profit or exercise

[Thetalad No.24037463]

I'm off lads , see u tomorrow and may theta guide you

[Anonymous No.24037536]

I'm pretty new to options, but i've been doing good so far by just buying low and selling 'em when the value increases. I've got a question about exercising though. Say I exercise one call option with a $5 strike when the stock is at $7. Ignoring fees and stuff, I would think that translates into $200 profit. Since i'm buying the shares though, is there ever any case where the option can be exercised if I don't have $500 (either cash and/or margin) in my account? I don't think it's possible, right?

[Thetalad No.24037660]

>>24037536
You can't exercise if you don't have the funds so your broker will force you to sell prior expiration

[Anonymous No.24037665]

>>24037536
As far as I'm aware no one would allow you to exercise early if you don't have the cash to do so, but I can't really imagine a time when you'd want to. Just selling the contract should always net you the same profit or better.