SQQQ...and Options together are like juggling dynamite sticks but can also turn into bars of gold at the end of the juggling act as long you don't drop them or any of them explodes.

This post has been edited by danmooncake: Apr 19 2024, 08:50 PM

I had my TDA converted to CS too late last year. Don't like the new web interface of CS. I missed the simplicity and ease of use of TDA web portal. Luckily, ThinkorSwim (TS) still works.

Today just done with

SPY 22/4/2024 496P 10 qty premium bought1.80 sold exit1.87 bought wrong price
SPY 26/4/2024 495P 10 qty premium bought 3.10 sold average price 3.39

QQQ 26/4/2024 412P 10 qty premium bought 2.27 sold average 2.54
QQQ 26/4/2024 417P 5 qty premium bought 0.86 sold all at 0.91

IWM 22/4/2024 196C 10 qty premium bought 0.40 sold 0.46


Open SQQQ 21/6/2024 14C bought 3 premium 0.80 still open

SPY 22/4/2024 498c 2 qty premium bought1.47 (00:39:13) sold exit 2.13 (01:00.13)

This post has been edited by tkwfriend: Apr 20 2024, 01:22 AM

yup, but this few days having some issues, unable to login and keep hang if able to login

Can i ask some questions about options trading?

1) In which platform are y'all using for options trading?
2) What are the requirements to be eligible into options trading ($money)

for me I choose Charles schwab 0.65+0.65+0.25 commission
and tasty trade 1.0+0.25 more than 11qty usd10 +0.25*11

for local later in june or july moomoo will be providing
tiger under mas Singapore (commission is usd1+1+0.65+0.65+?? clearing fee)

if you are looking for intra trading want to avoid 25000pattern day trading if not open cash account

This week play:
Short QQQ APR 26 430C 2.50

I was assigned QQQ earlier this week at 421.

Things were so bearish for tech last week, I thought it's going to be another leg down.
Crazy volatility. Now get to play the call side as seller.

What is the minimum initial amount to start with for options trading?

Do i need to deposit a certain amount in acc as collateral?

For options trading, it's depends on the level that you're requesting from the broker,
and the securities that you want to trade.

I think it somewhere between $1000 to a few millions (for naked shorts capability)...

For example:
Want to write a short PUT for SPY?
This week it will be something like this:
1 PUT will need $51,000 as collateral.
10 PUT will need $510,000.
100 PUT will need $5,100,000.

today came down again, I still play intraday, still for see some put still yet to finish, as long as VIX above 15.50 will have more moment

it depends on your strategy,some strategies are capital-intensive, some minor

what I saw before people start 1000usd grew to 6000usd within 5 month...

as summary

if you sell option need more capital maybe at least minimum stock price x100

if youbuy and sell for trade option can be lesser

This post has been edited by tkwfriend: Apr 26 2024, 12:20 AM

iron condor

if you have 2 legs then no need a full amount as collateral

Hey Ram, roughly what's your capital outlay and u mainly does cash secured put and covered calls?

Would really like to know this as well...but i think it really depends if its a 1/2/multi leg options..

but if its purely based on his earlier listing, ex Nvi alone on selling CSP will be over 80K++..haha.

TS, can your share whats your portfolio size as well to gain 1-2k/week ....

This post has been edited by lctw87: Apr 29 2024, 10:52 AM

TSLA rocket mode

I am dealing about 75k USD, average trade turn over per night 20k usd

very pain leh... my SPY 510/505 BCS expire today gone case.
set order to roll to next May before mkt close

I am expecting spy to reach close to 470 before reverse upward,

I do some lotto on put later. @ 475P for May 31, paying less than 2 per put I think worth to play, if good, may reach a premium about 6.00

follow by QQQ and IWM no time to see yet

This post has been edited by tkwfriend: May 1 2024, 07:51 PM

Im started on Structure warrants on bursa, just want to ask if is the same thing as option on US ?

This post has been edited by froz3nnoob: May 4 2024, 01:06 AM