This strategy is a good strategy, how do you usually find the option to do it?

My target per week is about USD1k to 1.5k which so will still do, but I more focus on buying lol

i use Moomoo real time options data to compensate for IBKR's 15 min delay

I'm looking for people to discuss options trading. Any active user here?

Made a few succesful trades so far. Did pretty well with nvidia recently.
Looking for more opportunities.

Any suggestions?

Just a newbie question here. I hope some folks here can help.

Any website, video, or books that i can refer, to learn more about US option?

Preferably ebooks. Thanks so muchhhh

ya i also know la got so many other nasdaq tickers.. but as you know options are allot more harder as they hv the greeks and different strike prices and expiry dates.

So you selling options? not buying options? you do covered calls?

OK. I'm not looking to sell options tho. Looking to buy them. I prefer the short end of the stick based on my risk appetite.

So anyone who likes to brainstorm please shout out here.
OK thanks. IMO, if the greeks are important to the institutions i'd think it will be even more important to the retailers.. i just buy call or put options. So knowing what i buy is important too.

I dont quite follow your scenario. delta in the greek options is always lesser thn 1. never seen 13 before..

Yup, well aware of the risks and expiry behind options. its like leveraging but on steroids.

I called intel since last week, which popped up 15% yesterday (incl post market)  but unfortunately didnt enter as the FEDs decision is this week.

yea..different people got different risk appetite lo. you'd need people like me to buy your contracts also ma...

you also need to take into consideration where and whn u want to place your contracts to sell to, and if your covered was well positioned too.

if the options you sold were exercised, that would also mean you had opportunity gains you've missed. Put too far out and OTM also you wont gain much. So both sides hv risks too.

I'm more interested to see how many contracts you need to sell to get 500 per week. Even for my case, I'm using 45 days (and averaging 3% of the profit), but I usually either roll or sell new one depending on situation. I would think a week contract will worth a lot less than that. There are times I get ~20%, but even then it is 45 days and above.

Is it not feasible to sell options for stocks with 90% payout or more?

I tell you. Simple. One contract in servicenow can easily give you USD500/week. Be it put or call. One applied materials can easily give you USD100/week.

I do weekly contracts on stocks like Salesforce, Palo alto, Microsoft, Google, Servicenow, Applied Materials, CNQ.

My monthly contracts are Old Dominion, Linde, Marsh, Cal-mine, MSCI. Linde, MSCI can easily bring in USD200/month each. That's USD400/month already which is easily USD100/week.The rest is around USD100/each/month.

Yeah,... frankly, same here,... I wished to see his 'Options' portfolio too. Whether he's telling the trust or not is immaterial,... but I'd like to see the holdings of someone who advocates for Options so hard and talks down dividend shares so much.

I am not too familiar with the IBKR platform,.. but I'll look later. Thank you for the numbers.

I take it that you use IBKR to do your trades,... judging from your pts written.

For those call/put, I think you also set aside higher amount of collateral, thus achievable, and the strike price is like 1-2 bid from the current price. A bit risky though. Maybe your portfolio way bigger than mine

Yeah. I'm doing 1 leg only. No strategy. I take it if the option strike, you will do the opposite way? Like sell put then sell call, correct?
I have few stocks that has > 100 shares, but some of the stocks I don't use it as collateral for option, so worry my option getting called, thus limited. But I can see your strategy maybe work for 1 or 2 stock that I intended to get which have less love for them 

curious... how often you close it out early vs letting it expire?

ITM as in in the money? If in the money wouldn't that means that it will be exercised when expire or sometimes the buyer can exercise as well. Also 40% here meaning the strike price v current stock price?

Just curious,... what are your holding prices for MasterCard & for servicenow ?

Don't know if you guys can help me out here, Ramjade, DWRK, Jason,... do you know if there are any threads like this or any forums but on Daily Leveraged Certificates (DLCs) ? Forums like this are very useful for particular instruments,... Thank you,...

yes... In The Money... i wrote "low probability of success/ITM"... brokers will calculate and provide this info... so 40% here refers to this probability...

as a seller you want the option to expire worthless/OTM... probability of OTM (per my example, 1-40%=60%)... but not all brokers will provide this info directly...

quite a lot are just trading them intraday or short term... they are not holding to expiry... also you only see 1 side of it... the person may have a 4 leg strat going...

classic protection for stocks in a bear market is to buy ITM puts... so somebody is definitely selling ITM puts...

Your hldg price for Mastercard (MA.N) is $510. Last close price on Friday morning (our time) was $517.33, you still have a green position here.

Your hldg price for Servicenow (NOW.N) is $800. Last close price on Friday morning (our time) was $772.16, you have a red position here now. But like you said,... you don't really care whether your position is red or green, so long as the ctr does not die, you can still use the ctr to Sell in your Sell Options.

So,... What sort of options are you holding now for the above two shares, when did you enter them, when will they expire and what premium have you collected from them ?

Added : You need to have minimum 100 shares to be able to do Sell Options,... hence, taking into consideration just the two shares above, yuo would have :-

(100 x $510) + (100 x $800) = USD 131k as 'collateral' (capital).
Bro guy3288,.... an indication of his capital above,...