Hedging the wheel

Discussion in 'Options' started by markthepadrone, Sep 16, 2022.

  1. If there isn't a MNQ short, this isn't a naked call. A naked call is when you don't own the underlying. Please study more before commenting.
     
    #61     Sep 17, 2022
  2. What's the reasoning for not just rolling duration on your short put?
     
    #62     Sep 17, 2022
  3. Trading is not predicting. Gambling is predicting.
    You people try to guess which way the market is going. I'm just selling time.
     
    #63     Sep 17, 2022
  4. BKR88

    BKR88

    If you short MNQ to offset you're canceling out the movement of TQQQ so your only exposure is the short call.
    Rather than short MNQ you should just sell your long TQQQ as that will leave your short call as the only exposure.
    Your risk/rewards is the same yet it's less confusing to bring in another instrument.
     
    #64     Sep 17, 2022
    Flynrider likes this.
  5. What a dumbass thing to say. "Just selling time"? As if a sharp price move can't kick your ass?

    Dude, I get that you're irritated by people not agreeing with you, and that you believe in what you're doing; that's fine, keep your head down and keep ignoring the risks. They'll bite you in the ass and "explain" this shit to you better than anyone else could. But don't play these stupid games about how you're "just" doing this or that with no risk, or try to wave your minuscule testicles around by boasting about the "real" money that you trade; there are people here who can buy and sell your kind by the gross for pocket money.
     
    #65     Sep 17, 2022
  6. Because I'm short. I wanted it to expire worthless. I sold it for a credit, when it expires, I just keep the credit.
     
    #66     Sep 17, 2022
  7. Please help me.

    Explain how a sharp price move will kick my ass.
     
    #67     Sep 17, 2022
  8. "You're short a naked call either way" Do you actually know what you're typing or do the words just fall out of your butt?
     
    #68     Sep 17, 2022
  9. I guess you're not one of them. That's nice.
     
    #69     Sep 17, 2022
  10. No. I'm not irritated by people that don't agree with me. I'm irritated by people that choose to disagree with me without fully understanding what I'm saying. They just jump out of the box disagreeing like little spoiled children.
     
    #70     Sep 17, 2022