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re: Options Trading Thread

Posted on 10/19/23 at 1:35 pm to
Posted by Jag_Warrior
Virginia
Member since May 2015
4187 posts
Posted on 10/19/23 at 1:35 pm to
quote:

I didn't get a chance to play TSLA today but did take some Netflix long calls yesterday (accidentally thinking the earnings were this morning).


You made two good moves then. Me, on the other hand, I might get assigned enough TSLA tomorrow to demand a board seat.

But on the positive side, the 0DTE SPX short synthetic strangles have been printing this week. And Mr. Powell's speech provided a nice volatility boost today (now back above 20). So unless something incredibly crazy happens in this last 90 minutes, this will be a nice haul for one day.
Posted by LSUTIGERS74
Houston
Member since Oct 2007
245 posts
Posted on 10/19/23 at 5:36 pm to
Not an easy pill to swallow on TSLA, crazy run down since Wednesday open. I would think it climbs back up with the typically volatility in that name, albeit may take some time.

Agree, 0DTE this week has done well with VIX a bit higher, have played both SPX and NDX.

I am playing these fairly narrow strikes 5-10 (at ~5 delta short and roughly ~4 delta long) but are you playing a wider IC on them? I watched a few videos on IC vs Synthetic and I see Tasty recommends a bit wider to consider it a short synth. strangle vs IC but to be honest they look the same to me other than width, unless I am missing something. This also assumes there normal 45 DTE not the 0 DTE.

Did take a IC on American Express today for earnings play tomorrow and went with UVXY Omaha suggested on the spike today.

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