I know macro is bad and market sentiment is equally terrible but I think that’s where opportunities lie.

Tesla is doing unsupervised full self driving in Austin with robo taxi in June.

Thinking about entering around mid May when the stock price is even lower. And get out before the end of August.

It won’t be massive but with good timing it can have decent return.

Thought?

Well title says it all . I sold 10 lots with strike price 650 expiring Aug 15 around 40 dollars Currently-110k . Any advice how to roll over , when to do that or just wait and watch ?

In real time does anybody keep track of the best stocks to put puts on. F**k I missed out huge but want to get back in. Help PLEASE. Bot don't delete this please!,

LEAPS - are you holding or selling?

Personally, I don’t try to predict short term market movements, and I’m skeptical that it’s possible to do it reliably, but this article excerpted in Matt Levine’s great newsletter describes a method that is apparently reliable:

“Can Daily Closing Price Predict Next-Day Movement? The Role of Limit Order Clustering,” by Xiao Zhang:

Stocks with daily closing prices slightly above round numbers (e.g., $6.1) tend to rise and outperform stocks priced just below round numbers (e.g., $5.9) by 24.6 basis points the following day. This pattern is robust to various stock characteristics and is consistently observed over intraday half-hour intervals and in 18 international equity markets. I attribute this predictable movement to limit order clustering: stocks priced just above (or below) round numbers receive support (or resistance) from an excessive volume of limit orders clustered at round levels, primarily placed by retail investors. Moreover, this order clustering hinders the incorporation of public information into prices during post-earnings announcement periods and contributes to the short-term reversal effect. These findings reveal the profound impact of retail investor behavior on price dynamics and overall market efficiency.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4718961

New to options and have already paid for my first semester of education.

Realized that the only thing guaranteed to hold value in this chaos is VIX etfs. So in Friday I found UVIX, bought 100 shares for $6600, sold an 11APR CC for $76 that went in the money same day.

So, worst case, I made $950 premium and $1000 profit from the shares if they're called away.

That is the worst case right...? I am finding out new "hidden (to me) rules" of this game every day.

All the best to everyone this week.

Would it be stupid to buy puts on Nvidia on Monday and hold till Friday? 😭 I’m definitely late to the party but since April 9 is when tariffs take into effect I have a feeling we’ll definitely go down more

Could anyone share some recommendation on the most cost effective way of hedging one NQ position pls.

Considering the IV is high now.

Hello, Let's say I bought an leap and in a few days it became deep in the money. Like multiple strike deep in the money. Will I have issue selling my option? Thanks!

Margin Calls, Tariffs. Gold is going down. For me, its the start of a crash.

Which Spy/ S&P500 puts are you recommending?

As I understand it, SPX is section 1256 and thus, it always 60/40 LT/ST even if I held > 1 year.

But for SPY, if I held it > 1 year, it will be 100% LT capital gains?

Is this correct?

Curious if anyone here uses coding - like Python - to support their options strategies.
Are you automating anything, running backtests, or maybe pulling in custom data feeds?
Or is it still mostly manual for most of you?

Would love to hear how people are blending code + trading (or if it’s just overkill). Totally fine if it’s pen, paper, and guts too.

What is volume leaders? In the stock market, "volume leaders" or "most active stocks" refer to companies with the highest volume of shares traded during a specific period, often a single trading day, indicating significant investor interest and activity. I been using this to get puts or calls on large cap or etfs. Last week I managed to get 5000 percent on QQQ puts. I'm just curious to see if anyone else here uses volume leaders or is interested in learning.

I trade on fidelity, but I found a tool on TT that I use because I can't find it on fidelity. So, given the 4 things that reinforce in visual (I need visual) my firm belief given an unprecedented act of one person will DEFINITELY add to uncertainty in the already fearful market sentiment I hope to open a position, maybe premarket, at anything under $3000. That's my limit.

I'll keep you posted. I have short term memory issues, hence the visual way of thinking, so if one person would comment, so I get the Gmail that I can use as another memory tool for me to keep you posted. If I can't get it for the right price, I'll post by 9pm tomorrow so you can go about your other reads.

Thanks for any who support this decision.

Hi there fellow options traders,

I'm working on a strategy that combines a long-only stock approach with a downside protection overlay using options, and I need some advice.

I'm looking for an options backtester that meets these key requirements:

• Stock Ranking Import: The ability to import a custom stock ranking (I rank stocks weekly with the worst performers at the top).
• Extensive Options Data: Access to 20+ years of historical options data for thorough backtesting.
• Live Trading Integration: Capability to seamlessly transition to live trading via Interactive Brokers (IBKR) once the strategy is finalized.
• International Options (Bonus): Ideally, the platform would include international options data (e.g., European markets), although I realize this might be a tall order.

I'd don't mind a monthly fee, but it should be less than a couple of hundred of dollars a month.

If you have any recommendations for a platform or tool that fits these criteria, or if you know of any workarounds to build one, I'd love to hear your insights. Thanks in advance for your help!

Looking forward to your suggestions.

I have some Put spreads where I have been successful. These are dated for September. I am confident in the trade and want to hold my Puts for longer, but no longer want the insurance. Is there any difference between buying to close the put I sold, vs closing the whole trade and buying the same Put again?

Same question, stated differently: How would you pile on in this scenario?

SPY- Predictions Monday opening?

I am interested in trying to trade this spike in VIX. It appears like a no brainer play but I also have never traded any VIX tracking products. It seems like huge VIX spikes like this always come back down very quickly so buying puts on a spike like this would be a good trade. But I also noticed when comparing VIX to UVIX chart that there is lag between the two. UVIX doesnt track VIX perfectly I understand because it is trading futures on VIX. I was hoping someone could give me insight into how VIX tracking etfs react to spikes like this and if my thinking is correct. Is there some information I should read through before I try this?

Edit: I am assuming we will get a spike to 60-80 at which point I would buy puts

Hi

Seeking to explore the pros and cons of repairing deep on the money CSP on APPL: Strike 225 expiring 2 May (3 contracts).

The worst case is to own the shares but wanted to lower the assignment price if so, and thinking to roll to 17 Oct with e net credit. This is a bad idea?

Thanks for your help.

So I’m aware that a stop market order will just sell your position at the price you put in for the stop loss, however how does a stop limit work? I don’t understand why there’s a stop but also a limit and how they work with each other. I hope this question makes sense!

As the stock market flash crashed this week, crypto held very nicely. One of the few times I've seen bitcoin diverge from the Nasdaq on such a strong move. This coupled with the recent decline in most cryptocurrencies in the past 3-4 months gives me some confidence in opening a long position on IBIT. I plan on executing this sometime on Monday.

Anyone else have similar thoughts on bitcoin?

I'm curious to hear what some of you think of this.

What outlet do you use for updated news that influence the stock market because I don't find out stuff until I see it on Reddit and I'm not a fan of yahoo finance

Hi all,

Obviously many of us have differing opinions on what is going to happen this upcoming week. Many think we are due for a black Monday, many think we will get a dead cat bounce/bull trap, and many think this is the bottom and the President is going to reverse course on tariffs this week.

I think what everyone can agree on is that this is a time of high volatility, and a lot of money can be made if you determine which way it's going to go.

Personally I do think Trump will reverse course at some point, I just don't know when. I do also think we will get a bounce next week, but that it may be short lived.

I am looking at selling some cash secured puts on some of my favorite stocks on Monday, with an expiry for this Friday. If I'm wrong, I am OK owning stocks the stocks I am selling puts on at these levels, or about 5-10% lower as I will be selling puts OTM.

Anyone else here planning on doing the same thing this week? It seems that we will be perhaps due for a volatility crush bringing options prices down as the VIX is quite high, it seems like a fairly decent bet.

Curious if others are doing the same and what tickers they might be targeting. I would love to have a discussion on this!

Disclaimer: options trading could be a gamble, of course it could and often is, as everything can be a gamble when handled as a money printing machine.

Well, could someone explain something to me?

I had sold puts, underlying A, strike 127.

To close another position I bought a underlying A put option at strike 128.

Due to problem with my software, I bought too much at strike 128. So I had bought naked puts. Okay.

They both (strike 127 and 128) went to exercise the same day.

When I look at my account, it shows that I bought my shares at 127 and sold at 128. Is that possible or on Monday I will find out the hard way I have to buy at 127 still?

Well, what an interesting phenomena. As much as I have studied, I was not aware of this possibility if it indeed is a possibility.

Thank you so much

Hi all, hopefully this gets posted. I couldn't find this specific topic in the FAQs.

I am a swing trader who just started options trading. In swing or day trading, key levels of support and resistance are used to determine take profit or stop loss zones. But with options, I keep hearing the same advice to target the percentage gains e.g. close your options position once it gains 20-50%. But what if the price of the underlying stock has not reached a key level yet, and still has a bit more to go?

Let me give a recent example. I bought an ATM PUT on Hanesbrands (HBI) last Thursday, 43 DTE. I spotted a level on the chart of HBI where the price could stall on its way down. The following day, I waited until HBI hit that level, and closed my put with a 70% profit. But I didn't pay attention to my gains, I focused on the 'price' target of the underlying stock.

Was this wrong? Am I looking at this as a swing trader rather than an option trader?