New strategy - buy to write instead of the wheel.

Discussion in 'Options' started by wxytrader, Oct 10, 2024.

  1. ondafringe

    ondafringe

    Every now and then, something comes across that is so hilarious it's hard to stop laughing!

    "Don't breed" definitely qualifies. lol

    That reminded me of something you said in response to the poster formerly known as EI/Quanto: "Dirt floors." That was it. I'm not even sure he got it. lol
     
    #41     Oct 11, 2024
    poopy likes this.
  2. If you're buying the stock and shorting the call, why does it matter if it's a zero DTE? I moved outward because I wasn't getting the price for the call that I wanted.... And I'd rather just trade monthly.
     
    #42     Oct 11, 2024
  3. It's almost impossible not to breed when you drive a 200
    It's almost impossible not to breed when you drive a 2008 Lambo. :)
     
    #43     Oct 11, 2024
    ondafringe likes this.
  4. Once again I can't short puts on the ones I want to and it's the same difference. Just easier to buy and sell a call... That way got the premium and I also get upside versus selling a put and the stock takes off on me.
     
    #44     Oct 11, 2024
  5. poopy

    poopy

    11:08 am buy 100 SHIT
    11:09 am sell 1 Oct18 118C

    vs.

    11:08 am sell 1 Oct18 118P





    How are these different (provided stock unch)?
     
    #45     Oct 11, 2024
  6. Darc

    Darc

    You're not breeding are you WXY!!! :(
     
    #46     Oct 11, 2024
  7. taowave

    taowave

    You moved out because your ability to leg a covered call sucked.You top ticked and watched the stock drop 10 percent in a nano second while you were caught holding Herman..

    Whats worse is you can't add...

    Bot the stock at 8.01,were attempting to sell the 0dte ATM for .82,and by your math you breakeven was "around" 6..

    Really???

    Nice work #WXTroll









     
    #47     Oct 11, 2024
  8. What price is SHIT when I buy?
     
    #48     Oct 11, 2024
  9. poopy

    poopy


    Wrong question.
     
    #49     Oct 11, 2024
  10. taowave

    taowave

    Most likey 5-10 points higher than when you try to sell the call one minute later


     
    #50     Oct 11, 2024
    poopy likes this.