Sold all of my 110c from Friday. Reestablished myself 50/50 on 119c -123p. Still have the 114p. I'm ready for another wild ride in either direction.

Ok, so you're debating on ITM vs OTM. There's a reason I voice against it. When you near the expiration, the likelihood of being hung by time decay: Theta will chew up your investment. Exposure to expiration on worthless contracts are exactly why they're so cheap. Hence why I keep referring to them as Homeruns. You may as well go for 80p and 150c. You're employing the same recklessness that destroys every portfolio who attempts options.

The next correction, you will sell old and new puts on the dip. That's the design behind this. The call you reestablished is in the event that your pivot was incorrect.

Yeah. And always reset after selling the profitable leg(s). Golden from there.

Hedge your bets. Markets always correct themselves.

Now I do puts and sell half of the calls

About 20minutes after opening bell look for a correction, sell the profitable leg, then restake on that new mark. Hold for new correction. If it doesn't appear to be stalling, wait.

Reverse that. ITM. not OTM. You'll kick yourself in the rear by Friday if you keep going for homeruns OTM. 115c and 119p if you're going at opening bell.

1week chart has us past the 200MA and the 1M chart has us up past the 50MA. with consolidation over the past week and no new tragic news, bottoming resistance all known, it has to bust past 112 today to reverse this uptrend. Possible, yes. Likely? Not in my educated guess. This embattered stock needs upside correction and a rally before it sees another new low. Good luck to all. I'm going to be slow on picking up my counter puts today.

Even Dogecoin went green for the week. Made decent money from a spur of the moment Saturday buy.

Expecting a green opening bell.

Watch dow futures right now for insight on the heartbeat of the market before it opens. This gives insight to overall trends before looking at an individual stock.

It's reminiscent of the run in May from 209 upwards through to September.

102 is definitely beginning to look like the true bottom. Consolidation trading this week. Tesla always surprises, but I'm looking at a potential green week coming up. You all read my strategy. I don't care either way it goes, but after studying everything available to us, analysis wise, for those of you who only play long, this might be the meal ticket.

I'm punching out here. You gents and ladies have a wonderful weekend. Good luck in your futures. Invest smarter and not harder. :)

Yes. And sell off one leg of it when that leg is profitable, and open another one at that mark.

Do some notebook trading for awhile. Jot down what the calls $1-$2 below the strike are, (ITM) and puts above $1-$2 above the strike. (ITM). When it shifts wildly again, refer back to what they were and what they become. The premiums will shift with it. You can try to go OTM again, but fair warning, it will burn you if you're not watching it close and ready to dump then at the pivot points or when you feel it's a good point to reposition. Feel like I should make a YouTube video on this, but then some fed regulation will spawn and screw with the options market... Fed regulation T was and is still a joke. Hurt so many small investors.

Got ya. Yeah. You were hunting for homeruns. Think of this as... and I'm coining this comparison right now lol. Vanity... as a "Ground rule double." While new investors get burned on homeruns, RBI's win baseball games.

Just to help you further, this tactic works for biocatalyst pharmaceuticals, spy, hell I've even been effective in making it work on Starbucks. Earnings reports calendars. Dividend payout dates, or any large news event, (like GME when it went absolutely crazy.) Just don't try it on something like a gold ETF or vanguard. You're better off just burning your money now. Lol.

Right, and this simple risk management tip eliminates the worst part of that risk, effectively exploiting the volatility. I don't invest in the business. I rewired my thinking towards only investing in volatility.

I sold off my puts on the dive, but not the calls, then flipped the profits into 102 calls and 105 puts 50/50 from the put sales, for next week. Correction occurred. The calls are now also profitable again. Selling those soon close to $112.00 then restaking it all likely around 110c and 114p for next week.

The point of it all is that your worthless options regain their value in the inevitable Correction. That's where the largest chunk of the profit begins to be realized.

They do, and that's exactly why I posted the advice I did. It's exactly why I trade this way. Hedge your bets and trade both ways. I don't lose any money this way except in a stale market.

My only question; why didn't you sell the 108 puts first thing at opening bell? If you had those, you surely would have netted a huge profit.

This is how I effectively manage the risk of buy options, while also securing all potential losses during that very anxious ride. If they start ITM, you only lose the time decay on the premium. Sometimes I do go OTM on a straddle, but only if I feel the wide swings will keep the speculation on the premium at a valuable rate. I always try to ditch the OTM options no later than the day before the expiration.

Hope this all helps. If you any more questions, feel free to ask.

Until you get used to the dynamics, keep your strike ITM, and use one of them going OTM as a signal to sell the profitable option and reset your position, while keeping the OTM option. Corrections occur and that OTM option will often flip back ITM. The first straddle isn't what makes the profit. It's the 2nd, 3rd, 4th... etc

Apologies. Wish I saw this sooner. The day of expiration, don't pick up anything OTM. Same day expiration is about as equal as picking a number on a roulette table. I go for the next week's options on a Friday. Theta, time decay will eat you alive otherwise.

Through the course of this week, I've secured a 436% increase with most of the options resting ITM. Swing trading volatility is truly the best strategy for this point in our economy. Scalp the speculators my friends. No matter what tomorrow brings I wish you all success in your futures.

The calm before the storm. This has been the quietest aftermarket movement I've seen in awhile across all tickers I look at.

Selling options is the least potential profit, but also the safest avenue in the entire market. Vs buying options as the highest risk/reward. Highly recommend selling options first to understand how the underlying book market works. All you lose is time in learning, but time is money afterall.

As long as it doesn't close at 108.90!!!

Sold some puts and scooped up cheap ITM calls at various strikes. Locked in opening bell profits. Let Friday makes WILD moves :)

Grabbing calls in 10 minutes for friday

While everyone was dreaming of 115 and 125, I snagged more puts at 114 for cheap. The calls were looking good, but it always tells me to watch for the opportunity that it will go the other way.

It's less of a guessing game and more on hedging bets and locking in current trends in the event it corrects on you and goes the opposite direction. Take small bites and before you know it, you have a ton of profitable options to sell off in the following day, and a ton of options that are worthless that you hold onto in the event of a correction. The entire maneuver is a cyclic event of calling pivots.

15-30minutes after market open, if I held options overnight, I sell. Momentum is the pinnacle of options. Opening bell has the best results in momentum. Once momentum cools off, speculation trends on option bid/ask spread comes back to normal levels. Speculation and volatility go hand in hand. Call it gaming the market. While most people try to pick the correct horse, I'm betting on the people betting in a layman's sense of it. Options without momentum are death to a portfolio. Those are about the best tips I can give. The rest is just gutt calls on the daily highs/lows. Use buyer's remorse, or the high of a huge win as an internal signal to start planning for it to go the other way. It almost always does. People drive the market and people's innate emotions are more predictable than anything else involved in the market.

Ahh right on bud. I don't spreadsheet it. I should but, I follow the technicals at a glance as they begin forming. My interest is high volatility markets only. I could care less if it rebounds or sinks tomorrow, so long as the ticker isn't sitting on it's heels consolidating.

Oh? You want to estimate my net worth invested. Not happening. I'm not here to measure my... size. The strategies and pivot points take care of that on their own.

It varies based on volatility.

Getting more puts at 112 right now

Both directions. Snapped up 112c at when it went below 109. 110p when it was at 112. Hedge for wild swings. I'm locked into profit north of 114 and south of 108