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re: Options Trading Thread

Posted on 4/5/24 at 1:21 pm to
Posted by BCreed1
Alabama
Member since Jan 2024
1301 posts
Posted on 4/5/24 at 1:21 pm to
Update. Roku looks like a loss(would have to jump 2 bucks), Upstart was closed at noonish for $12 so profit.

I also purchased my first 0D option. After selling my AMZN debit spread for very nice profit, I saw that AMZN puts were cheap. I felt that it would not hold all it's gains, so I purchased 3 puts at .20 and sold for .75

Will continue my quest to learn new tactics.
This post was edited on 4/5/24 at 1:33 pm
Posted by Jag_Warrior
Virginia
Member since May 2015
4129 posts
Posted on 4/9/24 at 10:01 am to
Nice buy/sell trades.

As far as ROKU goes, like you, I expected stronger support and for it to remain in that range.

We’re seeing a nice pick up in the VIX today. Back above 16 and climbing with this early session sell off - so premiums are getting rich(er). Unlike last week (economic news), traders seem to be hitting the exits early today and not waiting for tomorrow’s announcement. I’m selling relatively light far OTM 0DTE SPX put spread positions into this.
Posted by Jag_Warrior
Virginia
Member since May 2015
4129 posts
Posted on 4/9/24 at 11:09 am to
quote:

Roku looks like a loss(would have to jump 2 bucks)


And just like that… now up $2.07 intraday.
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