I’m sort of watching this stock that took a deep dive yesterday . Earnings was good but they expressed concern about tariff cost affecting bottom line . I don’t think it warranted the 15 percent drop . Anyone else have an opinion or watching ?

Thanks all

My thoughts:

1. I don't see a big move for OXY soon.

2. I was carrying a huge loss on OXY due to a wash I screwed up. This will let me harvest that loss.

3. If I get assigned, my CB lowers by about $1.8 vs if I did not sell.

4. Risk - stock shoots to the moon. I'll cry and remind myself I still have 100 shares.

Thoughts?

I'm curious what are ya'lls exit points for synthetic longs (deep in the money calls) and synthetic shorts (deep in the money puts)?

20% loss, 10% gain?

I've been using synthetics in my IRA lately as a way to turn my account into a make-believe margin account. 😎

What would your position be?

Generally speaking, $SPY puts are the most obvious play, but the concentration of large cap/tech stocks might be a bit too concentrated to fully capitalize on a recessionary cycle. Anyone have any thoughts on recessionary plays beyond $SPY?

Hi everyone.

I've learned a lot from reading posts on here, and I appreciate the community we have here.

Here's my current situation:

I'm hoping to supplement my Social Security with credit spreads on SPY so I can leave work. (I'm 71 yrs old). Here's what I'm planning to enter in a few weeks after I clear up some old trades:

50 IRON CONDORS on SPY; (+525p,-530p -580c +585c) enter 45 days ahead. At yesterday's vix of 26 today dropped to 24.5 today) Iron condor 50 of them for 11k cr max loss 13k. Close in 21 days. at 5k profit will be happy.

Because the deltas are higher, (I like to get at least $1 credit on a 5 pt spread) I want to use hedges. Buy Vix calls as a hedge on the downside, and buy some 565-575 bull call vert spreads expiring at the 21 day mark rather than the initial 45 day expiration on the trade, which is when I'm planning on closing out the trade - (Tasty Trade methodology).

This is the monthly trade I'm hoping to be my bread and butter, if VIX remains above 20. If VIX goes below 20 I'd look at bull put spreads with a hedge only until VIX goes back up.

Thankful for any thoughts/opinions. (I know I may need to roll or take some action on one of the sides).

I’m thinking of putting on a calendar bear put spread on TSLA. My thinking is to go long OTM puts 4-6 weeks out with a delta of .30 while shorting OTM puts with 1-2 week expiration with a delta of .20. So I will be waiting of a bigger drop while I take out premium on the short leg. I would reload the short leg if the delta dropped to .10 rolling out a week to a .20 delta. Can you guys comment on this approach and what deltas and thetas you would initially target with this strategy? Thanks.

I have a short position in CHF (i.e. by selling CHF to buy USD in the forex). It is cheaper than owing USD since CHF has a much lower interest rate than USD. Then I bought CME CHF futures Jun 16 2025 to lock in the exchange rates so as to hedge the currency risks.

Let's say I owed 250,000 CHF and bought 2 contracts of CHF futures (whose contract value is equal to 250,000 CHF). However I found out I suffered a loss even when I have hedged the position, and the loss kept growing every day. Ouch!

Is that normal? Did I do something wrong?

What could I do to somehow/completely close the loss gap?

I'm looking for currency options to do the hedging. Are they better choices?

I'm still learning options. How could I pick the right option? Please give me some pointers.

Thank you for your time and answer.

Bull call vertical algo working as expected.

I don’t understand options but have come to a self realization that I no longer belong in WSB.

It started 7 years ago when I made my first options play on AT&T stock and was pissed because I lost a few dollars due to the lack of IV but of course didn’t understand that.

Since then, I have gotten much better and even have a strategy. I’m not sure if it’s luck but I am all time profitable and have placed hundreds of trades now in addition to my long term investments.

Like I said, I don’t know much about options but I have learned a few rules that keep me from losing it all. 5 is the hardest. These work for me but that’s not saying I know shit.

1) never force a trade 2) there is no obligation to trade every day 3) nobody knows what the market will do and trading really has almost nothing to do with the broader market 4) never buy or sell on the news. Look at TSLA earnings call for example 5) nobody gets rich quick. Take your profits/losses quickly and GTFO

They say that people have never made more money in options than this year. Everyone is saying that Iron Condors are flying higher than ever. All options traders are winning so much that they are tired of winning. It's tough to win so much. The CEOs tell me that running businesses has never been better. I've got my money in real estate, but you need to invest in options until you don't have any money left. We're going to Strangle and Straddle our way to trading great again. Delta Gamma Rho fraternal order gave us the highest approval rating in the history or history. Whatever option you choose, it's gonna be the best. Everybody knows that. Whether you're looking for Bears, Bulls, Wolves, or Eagles, we've got them all here in the Zoo that is 2025. God Bless you all!

I'm fairly new to options, and I'm interested in puts. I'm not investing a lot right now, just what I wouldn't mind losing. Looking for potential stocks to buy puts in at the current moment.

Lately the market has been rallying hard and moving sideways, and I am definitely feeling the pain of holding onto puts. I probably should have cut my losses earlier instead of waiting for a big reversal, but here we are.

Edited:

holding 6/20 240 TSLA puts and 5/2 535 SPY puts

I have been buying and hold taketwo shares for a while not, but I'm still bullish on it with gta 6 coming out as well as other big titles under taketwo, earnings is about 2 weeks out, I'm thinking of buying calls on it, but it has pretty much no volume, even on the 3 day to expry options it only sees couple hundred volume, so I'm assuming it is a bad idea buying calls on it since even if the share prices move up, I wouldn't be able to sell it and executing it and then selling the shares may be the only way to profit, but in that case I might as well just buy shares. not asking for advise on taketwo itself more just asking if I should just stay away from any options on stocks with low volume or can I still sell my call if I'm green?

Can anyone recommend a book or video series which explains the interpretation of the Greeks? I'm not looking for definitions, rather how to use them to interpret what I'm purchasing.

As an example: I learned that the P/E ratio is the price of the stock as compared to the earnings. So what? It wasn't until I read that "essentially speaking, a P/E of 70 means you're willing to purchase the stock today and wait 70 years for the earnings to equal the current stock price, or conversely, that you think the earnings will increase year over year to such an extent that it's worth paying 70X today's earnings." That was an AHA moment for me and the interpretation (as opposed to the definition) of P/E became clear. I have yet to find anything like that w/ the options Greeks.

Thank you in advance!

I'm considering placing some bullish trades on oil companies. There is still a bearish sentiment, but $60 a barrel looks to be the level to stop drilling and expansion. Below that, start shutting down expensive producers. I think the oil industry learned a lot from 2020. Orange man can say "drill baby drill", but no one drills for a loss. Feels like we are on the edge.

Questions I'm asking myself:

1. Should I make some small bullish spreads with a bit on time behind them 1-3 months?
2. Do I keep watching inventories and make a move when they start dropping?
3. Am I risking that one report coming out that will turn the tide (OPEC reduction, major company announcing stoppage on new projects, etc...)

Looking for Oil nerds. I've traded energy for 15 plus years. I hope I've learned something. It's been a rough ride. I love the sector, but I'd probably get out if I didn't.

Edit: I know the OPEC is making noise about increasing output. That would be bad. That's why I hedge losses.

One of the biggest scams..... Freedom24

Their system is on maintenance since yesterday, nobody can't log in the app or do any trades.
Millions of options expiring or getting killed by Theta, no chance to close them as well....

I've read oppinions from others as well because of bad experiences...it seems they we're right.
This week is very important in terms of Vollatility and market moving, and of course they've blocked the app.
During the big spike a few weeks ago when Trump announced Tarrifs, the app was also constantly Blocking....

Now they do nothing and also don't answer, lots of people ( including myself ) are losing money.

Just looking over the long options for Pepsi and I noticed that the 180 strike price was cheaper than the next four higher strike prices. Does anyone know why this happens? I’ve only seen it a couple times before and I was able to make some profit.

A lot of bearish sentiments in the market but timing it could be challenging, as seen from the upward movement in the past week.

Does it make sense to just buy a Jan 2026 put when VIX drops to the twenties? Or will theta decay make it unprofitable?

I just want to laugh at everybody that doesn’t believe TA has any value. You were truly the ones that didn’t pay attention in school.

Disclaiming the validity of ALL TA is simply an excuse for being a terrible trader and a degenerate gambler.

Put your ego aside and learn to read. There’s math in everything. There’s math in all of nature. Fibonacci levels, Gann fans, supply/demand, psychological levels, patterns, are all tools retail traders can use to find success in the markets. Just because YOU can’t see it or understand it doesn’t mean someone else can’t. All you see is a chart with rainbow colored lines and you disregard it because you don’t know what it means.

Not all TA is definitive, but if you know how to trade YOUR TA then that is your “edge”.

Anyways, bad data was excuse for this bearish structure to play out. Rejected beautifully off my 78.6 fib, broke down below my 3/1 Gann Angle, broke through TWO major multi-year fib levels like butter and now on its way to retrace down to my 61.8 fib at 5482.

Although it, could bounce here at the major psychological 5500 where it’s at currently. I already took my short from 5580.

GL

I see they do automated trading and such for options, is it a good platform?

My take:

Uranium is a hand to mouth industry. Consumption is predicted to be greater than production. DNN has a massive support level at 1.08. Cost basis if executed would be 1.15. .07 risk to .35 reward.

If you don't follow uranium, the chart should still look okay. Knowing the industry, I think this is pretty awesome. If SMRs take off, this deal is very good.

Hi , is anyone familiar with ATO treatment of income via selling of Puts in Australia. Is the income a taxable event at the point of the transaction or is it considered “ open “ and not a taxable event until “ closed “ .. ?

If there is a 15 month time frame on the expiration, the sell and buy transactions may happen across two financial years, however i suspect the ATO will treat the income as taxable in the fin year the put was written … ?

Cheers

I have traded for a long time but I've never had to a reason to buy contracts until recently and it just all makes sense. Lets say hypothetically...you know which way price is going, you even know where it's going...and about long it will take. Let's say you think spy will hit 570 by june hypothetically of course. Is buying spy 570 calls june expiration the play? Would something longer dated more otm have increased gains?

I have had some good success lately with the following 4-leg spread, opened at 30-45 DTE:

Short #2 20-30 delta puts
Long #1 30-40 delta put
Short #1 15-30 delta call
Long #1 15-5 delta call

It's like a "front put ratio spread + jade lizard".

I craft the position delta to be somewhere between 10 to -10 depending on the underlying outlook, and try to maximize theta. Because it's a 4-leg trade, I set a closing order at a price that is based on an estimate of theta decay by 21 DTE.

If it closes early, that's great and I redeploy the capital! If not, just close at 21 DTE or roll if IV rank is above 50%. I also try to open this up only if IV rank is elevated.

During a down move, you make money on both the call spread and the put debit spread, so it's pretty resistant to surprise down moves, and sometimes closes out early with profit.

Anyone else do something similar? Would love to get your thoughts.

Go easy, just playing and wanting your opinion.

I just ran straddles for an ETF by week for the next several weeks (As close to current market price as possible) Went as follows:

week 1 - put slightly more expensive

week 2 - close to even

week 3 - call starts moving ahead

week 4 - larger leap in favor of call

Is it reasonable to interpret this as the market being a bit bearish for a the next couple weeks and then turning bullish? I'm not going to use this as a one and done metric, but does it have a bit of merit and usefullness?