/biz/ - Business & Finance

CASH CUNNY CASH CUNNY CASH CUNNY CASH CUNNY CASH CUNNY CASH CUNNY CASH CUNNY CASH CUNNY CASH CUNNY CASH CUNNY

THANK YOU NVIDIA
All the $470 put spreads I put for NVIDIA.. now worthless!

An anon posted this previously. I need sauce.. badly.

Anyways on topic, what are your moves for tomorrow's open? Red? Green?

>>21328390
I enter them on Monday ~ Wednesday. Theta burns the hardest the last two days, especially for OTM options. It depends though, I try to enter them on slight correction movements, and well OTM. So for AAPL this week that would be anything below $415, insane support at the 430+ level. The 430/425 spread is a bit risky only if tech suffers a massive correction as a whole but I've watched tech enough the past 6 months to have a good feel for the trend. Have never lost a tech spread (yet.)

Google, same story here. $1405/1420 for "Google isn't touching price unless there's a circuit breaker" type strikes.

All of these spreads yield anywhere from 6-15% return on the collateral. Once you win enough to get 100% of your portfolio (you can do this by making 3-4% plays instead), you can afford to write "riskier" spreads like the ones I'm doing for 6-15% return on collateral. If you're scared, you can always close them out early after grabbing 3-5% return on collateral instead. Super easy to do especially with wide bid-ask spreads on tech options, on non-popular strikes (ie. nothing like 450, 400, 500 - but $2.5, $5, $10 apart strikes with lower volume.)

OOOOOOH NAKKKKIEEEEES!!!!

>>19818593

>>18783103
cunny

>>18658799
It'll gap down soon bro.

>>18494844
cunny

>>18124428
price this

>>18096148
Cunny

>>18066058
cunny

1bat lol