is anyone here trade options

I would like to group up for options discussion,
Myself, most of the time day traders for options,

strategy I use Buy call/put, vertical, and butterfly. for selling the majority vertical for a few days to few weeks.

not sure can post trade for discussion ?

close spy, for 29% profit  iwm 51%

notice you like to do future spread,
I am still on my SQQQ which arrive 107% on options
vix doing so so

looking to reenter again for iwm, spy and qqq, and maybe additional call on SQQQ

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

main difference i can think of is, US options is physically settled. the option can be execised and you can get shares (simplifying/omitting a lot here)

while the bursa warrants are cash-settled, you get paid the profit in cash & no shares will be moved

feel free to correct/add on

Short side especially if you do naked shorts the liability can be super painful when market sentiment turn like the one recently seen in Tesla or coin, those are the usual suspect that wreck my options results.

yes that help reduce risk, if make it right both potentially could make more too, which had done many times

Bought
SPY call 31july 2024 @536 8.50
QQQ call 16 August @475 7.86

just got caught in big put move due to the pop. quicj profit from put/call both direction in intraday

The spy coming back, QQQ also
myself I am using Charles Schwab for manual trade, and

tasty trade on the testing my own system for automation development

mcm gooding..lama no touch...
bos bos sekalian....which trading platform you use now...
I only on IBKR

is this good in checking chart?
How you open the trading account?

build from scratch, to be commercialized in a later part

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?

Have you traded options before, and if so, how much experience do you have?
I ask because a proper cash-secured put involves no leverage. But you mentioned BP (buying power), which suggests you might be planning to use leverage. (If I misunderstood, feel free to ignore the rest.)

Once you bring leverage into the mix, you need to be very mindful of mtm swings, which can cut deeply.

1 to 2% monthly (12 to 24% p.a.) is definitely achievable with CSPs, though on the aggressive side,but still reasonable. For example, if your notional (the cash secured part) is 100K, then you might expect 1 to 2K pm.

However, if you use leverage (BP is tied to your trading account), you could end up writing puts worth 1.5x, 2x, or even 2.5x actual capital. That can look attractive. For instance, at 2x, you could be making 2 to 4K RM on a 100K base, but it comes with significant risk: margin call before expiration.

So, if you go down the leverage route, you’ll need to monitor your positions closely, pretty much 24/7.

I just bought a direction call for tesla, probably arrive 350 is the target
tsla 12 september 2025 350 call

cut loss 25%
take profit when closer to strike price
total volume bought above $23mil value of contract.  Average premium  price estimate 8.40 for contract bought