I hardly buy but mostly sell naked/spread puts or covered calls.

Recently the 0DTE been pretty profitable but could be dangerous during volatile times.

This week plays:
Short QQQ APR 18 421P 1.00
Short DIA APR 19 375P 2.00

Let see how it goes, 2 more days to go.

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.

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.

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.

They took away my Qs on week of April 26, shorted again 421 Put for $2 this week but market rallied back up yesterday.

Initially, I thought Fed going to cause puke fest.. but nothing so far.

No assignment this week, but is good enough for nice meal.

For me, throughout the years, I've experienced only 10-15% chance of winning every time I play the long side calls or puts, which are terrible odds.

But 60%-75% chances of winning if I play the short side (either calls [against the long stocks] or puts/puts spread because of time decay.

Most of short puts or puts spread are the stocks/etf I want to own..

This post has been edited by danmooncake: May 5 2024, 01:20 AM