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 US Option trader, 0DTE to 2month DTE

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Ramjade
post Aug 29 2025, 07:51 AM

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QUOTE(poooky @ Aug 29 2025, 07:45 AM)
Thanks for reply. To summarize the strategy is to accumulate enough USD cash first, then sell puts on stocks we want to own.

Best case scenario it doesn't get assigned and we keep the premium and use it to accumulate the actual stock.

Worse case it is is assigned and we sell calls hoping it goes back up or accumulate more to repeat.

Ideally the stock we want is also high IV so premiums are higher.

Is my understanding wrong?

Also, what are good stocks you recommend?

I remember you mentioned stocks like UNP, CNI, CP, WM ODLE, Comfort systems, Linde, MSCI. Are these still recommended? I would like adopt your strategy, maybe more higher risk make it or die trying type.
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I don't do for UNP anymore as there are many stocks available. WM also no cause not worth it.

I am doing for CNI and CP as I want to switch my CNI to CP and get paid for switching.

I don't really care high IV. Most important for me
1. High quality stocks that I don't mind being bagholder
2. Decent premium

Yes still recommended most of them and still doing options on them. Only issue with linde and msci are they are monthly options.

I try not to sell calls anymore so that my upside is not capped. But sell put instead. If I got no puts to sell than I will have to sell calls. No choice.

You will die first before you make money. I prefer the slow way. Remember make statistics your friend. Do not fight against statistics.
Ramjade
post Sep 2 2025, 01:40 PM

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QUOTE(Hansel @ Sep 2 2025, 05:08 AM)
Emm…I did not die before started making money… I died when I did paper-trading in forex… from where I focussed hard… and learnt. Then I used actual money… then I took heavy leverage (facility).

I sold calls called against some hldgs earlier… but in order to earn a good premium, I was forced to put the strike peice nearer to the spot. Subsequently, I lost my shares… and had to buyback at a higher price…
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Person was saying using speculative stocks to do options. Those that he/she don't want to be bag holder of in case things got wrong.

You have to be not greedy when you do options. Take a USD20 and run away. Do try chasing for like USD100

This post has been edited by Ramjade: Sep 2 2025, 03:06 PM
Ramjade
post Sep 2 2025, 03:06 PM

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QUOTE(Wedchar2912 @ Sep 2 2025, 02:02 PM)
Most important and damn good advice advocated by you.

May I add not too greedy also.
Like the earlier trade I mentioned. I picked 25% away call... Stock rallied yday almost 20.... If crosses the strike, I pocket the 25% up swing while already collected the 8%pa "income".

Hence must be on stocks one already invested or intend to invest.
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Well said.
Ramjade
post Sep 9 2025, 09:36 AM

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QUOTE(poooky @ Sep 9 2025, 09:35 AM)
I tried updating my settings on IBKR to enable options trading, but reject. It is likely because my network <USD 50k and income also lowest bracket. On reddit, people say can just simply select higher options and will automatically approve. Is this recommended?

I don't plan to do constant trading, mainly just to sell puts on stocks that I want to own for cheaper.
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You have to have correct permission for trading options. Need to make sure you have goal of speculative.

This post has been edited by Ramjade: Sep 9 2025, 09:37 AM
Ramjade
post Sep 13 2025, 12:20 PM

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QUOTE(swiss228 @ Sep 12 2025, 11:07 PM)
Hi,
Is the notional value of the SPX 100X the s&p index? In other words, if I trade 1 contract, am i trading USD$600,000? That seems rather large and difficult to average out in the event it goes against my initial position.
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One contract is 100 shares
Ramjade
post Sep 22 2025, 01:54 PM

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QUOTE(swiss228 @ Sep 22 2025, 01:52 PM)
tkwfriend, do you trade SPY options? I think this is more manageable for me cos size of 1 contract just 1/10 of spx. I did some puts last Friday. Any suggestion on SPY options trade? Can I assume yr Iron Condor strategy works just as well on SPY as compared to SPX?
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Just sell a weekly put and collect USD50. It's very safe and unlikely to be exercise.
Ramjade
post Sep 27 2025, 10:25 PM

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QUOTE(MGM @ Sep 27 2025, 09:59 AM)
I havent dabbled in options yet but would like to learn more.
Is 21 DAYS LEARNING LAB a good place to learn?
Teacher is Dr. Kosh.
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You can learn using options with davis
https://youtube.com/@optionswithdavis?si=grfMjLohNnK3iajO

Do not pay anyone please. It's all free.
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