u/Key_Friendship_6767

MU this feels juicy

MU this feels juicy

https://preview.redd.it/l38jb4g7101h1.png?width=2030&format=png&auto=webp&s=8e8043024298266cb62026bedfd8b39bfc216199

Im looking at option chain for MU and I noticed in my chain scanner that the 2 weeks out around 0.15-0.3 delta are trading at pretty high premiums.... I wouldn't even mind owning MU and selling calls on it if i have to.

$1455 at $660 strike 14DTE
$3475 at $735 strike 14DTE

MU currently at ~$800

Anyone else selling PUTs on MU in the 14-45 DTE range? I am seriously considering selling one of these 2 tommorow just 14 days out to keep amount of days sort of limited. 45 DTE is peaking my interest as well on this trade.

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u/Key_Friendship_6767 — 7 hours ago

Roll any of these?

I’m quickly going underwater across my portfolio on calls left and right. Do I just let these 3 go and sell some PUTs? are yall trying to hold on to your shares and rolling up and out? I’m not sure what makes sense. I don’t want to buy them back at inflated prices and then the market tanks and I’m cooked. I am sort of leaning towards just letting it all get called away.

u/Key_Friendship_6767 — 4 days ago

not a bad month

https://preview.redd.it/cu3288l1b70h1.png?width=1526&format=png&auto=webp&s=d6bbf174d63b169dabaa033b69136c4c32fd4969

I got a bit aggressive last week, but damnit we made it through in 1 piece! It was not all covered calls, it had some very aggressive GOOG puts mixed in as well. I can't get assigned GOOG shares if I try. That company is going to the moon I think. Idk why I don't just buy calls on it, but i'm a premium seller at heart. Onward we march

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u/Key_Friendship_6767 — 4 days ago

Ok I am trying to not let another virus run me by and miss out on all of the pharma stocks running up. Are you guys watching any pharma stocks currently? I just set up this new scanner in my app to let AI try to find a stock as soon as its going to pop. It seems like there has to be something coming up that will have tons of volatility for us to wheel on that might be decent long term hold in healthcare sector. You guys trading this at all?

u/Key_Friendship_6767 — 6 days ago

https://preview.redd.it/uv05o0iurfzg1.png?width=1494&format=png&auto=webp&s=5e96c805f0c601d48fc2fdb4c171e4797d2e8eb2

Im thinking about starting an equity position in something and sellings the calls on it. I filtered down to $10k capital for trade. Do you guys like any of these names here or currently trade any of them? I found them in my app as high IV candidates, and I want to exploit some of the high juice right now. Im considering CSCO, but not sure. any of you all wheel CSCO?

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u/Key_Friendship_6767 — 8 days ago

Hello theta lovers! I’m curious if any one of y’all have FLYW on your radar at all? It appeared on the scanner that I use as a breakout momentum stock and it’s barely over the 90 day high. Seems like it might be about to cruise.

How would yall play this one?

Do we sell the PUTs at $12-$13 for the risk reversal cash?

u/Key_Friendship_6767 — 10 days ago
▲ 14 r/thetagang+1 crossposts

https://preview.redd.it/r1sm09tuatyg1.png?width=2400&format=png&auto=webp&s=ba1e31145b15debf5319cb1a6ce47a92fd0e734b

I haven't had nice visuals like this until now, but recently checked this out and realized that GOOG and IBIT are stone cold killers for me. The IBIT data is broken btw, because all my leaps were sold past 12 months ago and so I can't import the "SELL TO OPEN" into this app. Sold about 60-70k in IBIT LEAPs back in NOV 2024.

This will be pretty sweet to keep an eye on over time though so I can see which tickers im good and bad with. Probably should just up my GOOG options I sell lol.

Do yall trade tons of tickers and only halfway serious capital on some? I feel like I trade lots of random stocks on news and only make like $200-500 on the year for them. Im not sure if this is reckless or others do it to. Definitely gives me a little adrenaline when i sell some naked calls. AMD burnt me for like -$1k doing this.

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u/Key_Friendship_6767 — 11 days ago

Kept the win rate pretty high over last year. I usually like to sell covered calls on tech and puts on risk reversal zones. I also mess with selling leap puts on things like UNH. Not too bad considering all the bs in the markets lately.

edit:
this is also missing a ton of LEAP premiums I sold on IBIT back in nov 2024. around 60-70k, but this app only imports last 12 months. hopefully it gets more accurate over time as i use it more.

u/Key_Friendship_6767 — 12 days ago
▲ 17 r/thetagang+1 crossposts

Would yall take the 100 shares of SLV on May 4? Or focus on GLD instead. Premiums are solid in both to wheel. I sold just a big leap on GLD, sort of messed that up tbh. I sold too early. Anyways, I’m thinking about doing some 45 dte on SLV with 100 shares. What do yall think on the metals? Do yall wheel these?

u/Key_Friendship_6767 — 13 days ago