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- The Fool replied 5 hr ago
in the last minutes, rolled up 4975/4950 bull puts to 5020/5095, for $0.75. Gets me to $9.50 net credit for the IC. Net theta on revised IC -$1.50 now. Most likely take what I can get on Wed b4 the FOMC. I'd love to see a surprise dot pull, but I'd ...
- The Fool replied 8 hr ago
Looking for a decent pullback on the big Monday gap up so I can roll up the puts a bit for some good profit.
- The Fool commented 19 hr ago
Mean Joe Biden will whoop inflation, just like he whooped Corn Pop, you'll see,
- The Fool replied 21 hr ago
50% credit would be about a $4.40 debit. Will get there Tuesday if SPX goes sideways, Net daily theta now is almost -$1.50. I plan to hold til the morning of the FOMC, at least. I am looking for a dump off hawkish noise from the Fed. But if SPX is ...
- The Fool replied 47 hr ago
sounds good. I can put on an infinite number of trades in my play money account.
- The Fool replied Mar 16, 2024
coming week FOMC could be a good binary event imo. Inflation is not going down fast (or at all, depending on who you ask) and there is a sense that the Fed has little to no room to cut rates this year. Not what they have been saying and certainly ...
- The Fool commented Mar 16, 2024
There could be some dissonance at the FOMC. Watching for them to pull some dots. If they do, watch out below @ small caps.
- The Fool replied Mar 16, 2024
Fair enough and to each his own. Bear in mind what I modeled was an example put vs vert for a Mar22 date, a week out. The platform models do an ok job, but you have to understand how things might change with iv & the greeks. The models can be ...
- The Fool replied Mar 16, 2024
Hey amigo, good to see you & I hope you will share some trades & comments. Yeah, that RUT dbl diagonal burned me especially because it was in decent profit for an hour and I blew closing it. Absolute worst case result with RUT finishing dead flat in ...
- The Fool replied Mar 16, 2024
Advantages of vertical spreads over longs: The spreads will have a closer break even and will cost less. They will pay better than longs until the move in the underlying gets bigger. If the spreads cost 1/2 as much as the longs, you can put on twice ...
- The Fool replied Mar 16, 2024
Comparing long put vertical spread @ the same date, looking for something that costs 1/2 as much .... the 3/28 $510/506 spread costs $1.48. A 10-lot debits $1,480. Break even is at about $509.75. You can compare the net profit: the spread makes more ...
- The Fool replied Mar 16, 2024
when you wrote this SPY was around 514 on 3/14....Friday it did drop to <510. You didn't like the $510 puts trading at $3.25. I'll offer the following criticism with an example. Based on Friday closing price of ~$510, let's say you think SPY will ...
- The Fool replied Mar 16, 2024
Probably wait til end of next week to go again, see what the FOMC does for vol. Just looking to see what we have....shown is 46dte, ~20 delta shorts, 25-wide wings. Getting about $7.50. I might look at 30-wide wings. If we get a big move down next ...
- The Fool replied Mar 15, 2024
looking for movement from the RUT post FOMC image
- The Fool replied Mar 15, 2024
a close <5220 will be 2 consec red weeks for SPX, not seen since Oct '23. Gotta but some sawbucks on btfd for next week. I expect low vol til Fed day, then a bounce back towards 5200... image
- The Fool replied Mar 15, 2024
video image LOOKING for a $1 net out by Fed day. If SPX will stick around 5100, that'll be ideal. The "tasty standard" is 50% out. That's great if you get it in < 2 weeks. But, after sweating this one out, I'll probably want more...
- The Fool replied Mar 14, 2024
hard to make a bear case for the spoos after half a year of up weeks, but you know there will be a turn. When and how far, we will see. If the Fed pulls some dots next week, sounds hawkish, could be enough for a big down day or two... image
- The Fool commented Mar 14, 2024
What's investing? Over half the trade in stocks is hft and it's been that way for over a decade. Options trading has been taken over by 0dte. Triple witching is still a big deal, but less and less so, as daily options volumes swamp the market around ...
- The Fool replied Mar 14, 2024
no adjusts. Daily net theta will be -$0.75 by tomorrow's close.
- The Fool replied Mar 14, 2024
lol...btfd will never die...