Not that I do a lot with options but sell calls and do
occasional collars and rolls, but especially for rolling calls I
find TastyTrade platform (called TastyWorks) especially helpful.
The website is the best for options education too, imo. The
guy who started this website/platform was the one who wrote the TOS
platform and sold it to TD Ameritrade.
I'm putting this comment out there because Matt had been asking
about strategies using options.
I am in a small options trading group that follows the TW
methodology. Many of the trades are selling Strangles and
Iron Condors the day before Earnings to benefit from the volatility
crush. Truth be told this has been the worst Earnings Season in
memory, with many stocks moving well over 2x their expected
earnings move causing traders to be deep in the money with short
options. Case in point, DOCU, down over 35%. If you sold a
Dec 3 190 put yesterday to pick up .65 credit, you would now be
dealing with that same put which is worth 45.65. That's a $4k loss
overnight. Fortunately, I sat that one out. Sometimes the best
trade is the one you don't do. ;-)
Not that I do a
Posted by cozz101 on 3rd of Dec 2021 at 09:14 am
Not that I do a lot with options but sell calls and do occasional collars and rolls, but especially for rolling calls I find TastyTrade platform (called TastyWorks) especially helpful. The website is the best for options education too, imo. The guy who started this website/platform was the one who wrote the TOS platform and sold it to TD Ameritrade.
I'm putting this comment out there because Matt had been asking about strategies using options.
I am in a small
Posted by craigm on 3rd of Dec 2021 at 09:48 am
I am in a small options trading group that follows the TW methodology. Many of the trades are selling Strangles and Iron Condors the day before Earnings to benefit from the volatility crush. Truth be told this has been the worst Earnings Season in memory, with many stocks moving well over 2x their expected earnings move causing traders to be deep in the money with short options. Case in point, DOCU, down over 35%. If you sold a Dec 3 190 put yesterday to pick up .65 credit, you would now be dealing with that same put which is worth 45.65. That's a $4k loss overnight. Fortunately, I sat that one out. Sometimes the best trade is the one you don't do. ;-)
Thanks for the info.....and reality
Posted by Ray on 3rd of Dec 2021 at 10:00 am
Thanks for the info.....and reality check!
Much appreciated. I don't know
Posted by Ray on 3rd of Dec 2021 at 09:41 am
Much appreciated. I don't know much about option trading, and would like to learn.
Tom Sosnoff
Posted by Trendie on 3rd of Dec 2021 at 09:35 am
Tom Sosnoff
Thanks cozz
Posted by steve on 3rd of Dec 2021 at 09:35 am
Thanks cozz
thanks for the post, I'll
Posted by matt on 3rd of Dec 2021 at 09:34 am
thanks for the post, I'll check out when I have some time.