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Decentralized PONZI: in the Danger Zone


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#61 dTraderB

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Posted 04 February 2021 - 08:04 PM

Tell me about option decay!

Well this is exciting, average short now 3811 and even with a new high my sold 4000 Feb call is still not back to what I sold it for again on Tuesday!  Times a b*tch when buying options, sell sell sell is the only way to go!!! 



#62 dTraderB

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Posted 04 February 2021 - 08:09 PM

Tough day. PUTS losses larger than profits from NQ hedge long & NQ daytrades, net loss today $2040.

47 QQQ PUTS.
1 HEDGE NQ LONG 13472
buy limit nq 13420 order placed

Close 1 nq hedge long + 88.5
Holding one more nq hedge long

Will reopen later

44 QQQ PUTS
1 NQ HEDGE LONG 13472

BUY LIMIT 1 NQ 13350

GREAT DAY. PROFITS in nq dayrrades, qqq puts
Loss in hedge long

Tried hard to get back into the green yesterday but could not do it.  Small loss as PUTS losses finally overwhelmed good profits in hedge and daytrading NQ 
Will add more QQQ PUTS if trade above yesterday's high, and another nq hedge long
 
13472 nq hedge long
39 QQQ PUTS
 

13472 nq hedge long
37 QQQ PUTS

may leave an existing Nq daytrade long as 2nd hedge overnight or add one if market trades below nq 13400 today
 

Closed +180.5 points

Will reopen later
 

31 QQQ PUTS
NQ hedge long 13240
Will close hedge soon 160 to 175 points, or more if this current move up above 13400 fails
 

NQ hedge long @ 13240  
 
25 QQQ PUTS

 


#63 12SPX

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Posted 05 February 2021 - 08:45 AM

Morning, I just cant resist because this is so ridiculous, very surprised were up this morning, average short now 3816 and added to my sell on the Feb. 4000 call making it an average price of $6.25! 



#64 12SPX

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Posted 05 February 2021 - 09:05 AM

Tell me about option decay!
 

Well this is exciting, average short now 3811 and even with a new high my sold 4000 Feb call is still not back to what I sold it for again on Tuesday!  Times a b*tch when buying options, sell sell sell is the only way to go!!! 

 

As you buy options I only ever sell them.  88% of all options expire worthless and that's an old number, I'd bet its even higher now with all of them out there.  In different words when I look at the future of where the SP, ES is going to go in each coming expiration I look to where they "won't" go.  For example this Feb. expiration cycle ends on the 19th,  So far I sold the Feb 4000 calls for $14.00 and the 4100 calls for $4.20.  I took profits on the 4000's last week for $11.40 and have resold them this morning for an average of $6.25.  Still holding the 4100's but they are just pennies now.  When the market tanked last week I sold the 3200 Feb puts for an average $11.50 and took half of them off for a profit of $9.00 at the start of the week, still holding the other half, likely take them off today.  Anyhow these are all out of the money so whatever they are worth is pure premium and I want them to expire worthless.  It's a great income based way to make money on the market with little effort, place your trades and move on unless you want to come closer in and trade them but that's higher risk also. 



#65 12SPX

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Posted 05 February 2021 - 12:13 PM

Adding a sell on the Feb expiration with the 3970 calls for $10.25.  Bit of a risk but my numbers are still pointing at the highs for this cycle at 3960 so we'll see.  Any down move next week will kill the premium!  



#66 dTraderB

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Posted 07 February 2021 - 06:46 PM

Came out barely positive after  a day of mainly defense and then attack when necessary 

Good week considering my losses were not as much as profits in January.