Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[lewdog]

Here we go.

TIMBER!!!!

[Buehler445]

Originally Posted by lewdog

Here we go.

TIMBER!!!!

Yep, I moved a fair bit out of some other investments into the market.....

Cooool. I wish I'd have DCA'd it over 6 months.

[scho63]

Originally Posted by scho63

I feel a major correction coming when Iran retaliates against Israel / US.

They are ****ing pissed

I made $26,700 in 3 days this week with APPL call options that I sold Thursday and Friday. I would have made another $80,000 if I didn't sell them so damn early. I bought 250 puts in AAPL that expire this Friday and think I may have a good Monday.

[IowaHawkeyeChief]

Monday could be quite ugly with the ME situation going on...

[scho63]

Originally Posted by IowaHawkeyeChief

Monday could be quite ugly with the ME situation going on...

I hope so......

[IowaHawkeyeChief]

Yep, depends on what happens with this attack, if it's mild saber rattling, the market might actually do ok. Anything else and it's probably going to get hammered.

[rydogg58]

Originally Posted by scho63

I hope so......

I'm swinging some SPY puts over the weekend so I'm hoping to cut loose first thing Monday morning if those knuckleheads in the ME keep bombing each other.

That's a hell of a week you had on Apple calls. I don't trust myself to let my profit get that high on options. I get up anywhere past 10% and it makes me too nervous to hold. I had a load of 0dte puts last Friday I sold for a 30% profit, where if I would have held it would have been over 300%.

I'm still new to options but I'm learning more every day, and reading everything I can about it. I think I enjoy trading options more than stocks, but man it's easy to blow your account if you don't have a plan. I've found that you gotta have a plan and you gotta stick with it. I've gotten lucky a time or 2 chasing a call or put, but more often than not it's caused me problems. And one bad day doing stupid shit will set you back weeks. So, knowing that I'm not the best trader, and knowing I don't have the ironclad willpower to not do stupid shit, I moved the bulk of my playing around trading money out of my Webull account and put that into my Vanguard account (which is not for day trading), and only kept 2k in to trade options on Webull.

It's not much, but it's what I had to do to force me to start making smarter trades and it keeps my wife happier. Plus, it helps me find better entries on trades since I've got such a small account and I can't do unlimited day trades. Hopefully one day I can get a nice week like yours, but until then I'm just going to concentrate on one good trade at a time.

[scho63]

I sold my AAPL calls, pushed out my peacock feathers and had my buddy tell me what a great trade and then I watched it go up another $80,000.

Just when you think you are real smart, the market smacks you in the face and tells you that you're not as smart as you think you are.

About the 3rd time in 5 years I left more than $50,000 on the table getting out early. It's a reflex action from so many times riding a quick winner longer than I should have and not only giving back large profits but losing all my principal.

[IowaHawkeyeChief]

Originally Posted by scho63

I sold my AAPL calls, pushed out my peacock feathers and had my buddy tell me what a great trade and then I watched it go up another $80,000.

Just when you think you are real smart, the market smacks you in the face and tells you that you're not as smart as you think you are.

About the 3rd time in 5 years I left more than $50,000 on the table getting out early. It's a reflex action from so many times riding a quick winner longer than I should have and not only giving back large profits but losing all my principal.

No one ever went broke taking a profit...

[Buehler445]

Originally Posted by scho63

I sold my AAPL calls, pushed out my peacock feathers and had my buddy tell me what a great trade and then I watched it go up another $80,000.

Just when you think you are real smart, the market smacks you in the face and tells you that you're not as smart as you think you are.

About the 3rd time in 5 years I left more than $50,000 on the table getting out early. It's a reflex action from so many times riding a quick winner longer than I should have and not only giving back large profits but losing all my principal.

I have a pretty quick trigger on everything that has market exposure. I've paid too much storage on grain that is ****ing TANKING. I'm like Pavlovs dogs at this point.

[lewdog]

Originally Posted by scho63

I made $26,700 in 3 days this week with APPL call options that I sold Thursday and Friday. I would have made another $80,000 if I didn't sell them so damn early. I bought 250 puts in AAPL that expire this Friday and think I may have a good Monday.

What size trade was that to start with? I am getting more into options and it's crazy how those premiums swing when VIX is high.

[scho63]

Originally Posted by lewdog

What size trade was that to start with? I am getting more into options and it's crazy how those premiums swing when VIX is high.

Right around $3,100 got me 200 calls that expired that Friday.. I bought in and averaged down. Then sold the $172.50's and moved up to the $175's. I took about $10k of profit out of the market and then reinvested just $2,250 for 150 calls for that Friday The $175's jump and pulled another $16k out and then went and bought 250 puts at $23 for a total of $5,750 for this Friday's expiration.

I normally don't invest that much in one option trade but I am using the markets money.

[lewdog]

Any options spread traders here? Seems like that may be a higher percentage play with a determined down side risk (nothing naked). You won't see the huge gainers but pretty common 10-20% without the infinite risk to the downside.

[scho63]

I can't believe the week I have had. Winner after winner, both calls and puts. The only negative is I left a LOT more money on the table by selling out early, close to $110,000 total of additional profits.

Best week of my option trading life. $35,711 banked profits.

I have 260 PUTS left as my only open position in SHOP (Shopify) for $65 strike that expire this Friday. Paid .15 ($15) and closed at .29 ($29)

The chart on SHOP looks real week and I just saw an article yesterday a day after I bought them about a lot of professional put buying on SHOP.

Hoping to see options hit $1 ($100) a contract.

[myselff77]

For you option traders, any advice how you got started and avoid anything stupid that pisses away your money?

Also, I assume any gains are getting taxed at the short term rate unless in something like a roth or does some other tax situation exist when trading options?