slacker00

I'm pretty similar numbers to you. My numbers are: total 209, HDL 36, LDL 160, and trigs 64. LDL seems to be the only high one and HDL is low. PCP wanted to start me on statins right away and I told him to tap the brakes. With these numbers I feel there is something else going on and it's not the same broad brush he normally sees. I have an appointment with a cardiologist that hopefully has a better plan than throw meds at me without looking into anything.

I believe you are correct and the date of his last post seems to line up with that timeline. Sucks. :wah:

I don't normally sell for earnings, but I sold META calls. Will sell puts in the morning.

Euan Sinclair has a brief blurb about Pre Announcement Drift in his book Positional Option Trading. "My preference is for a 50 delta/20 delta, 1-month call spread." He's buying longs in this case.

It's not something I trade specifically. I like to sell after the earnings announcement if we got an oversized move.

Not sure if I like Friday expirations better as profits are realized and buying power goes up, or putting trades on and collecting credits on the front end. :nana:

F still giving me issues, so this morning I rolled F puts out and down another week rather than take assignment today. I think everything else should be fine unless the market gets crazy. I have AAPL put at 139 strike that could get sporty if we continue down this afternoon. I would roll that one down and out for more credit being this close to expiration.

Seems like a logical trade that should work out for you. I'm not sure I can explain how the VIX has been acting this year though. :lol:

Most are right now. Obviously many traders use the 45 dte and monthly expirations only guidelines and are successful. A few underlyings I decide to trade only have monthlies or their weekly chains are bad, but I think getting more aggressive on the decay curve has benefited me. I have about 15 expiring today (4 to look at closely later today and decide to take a loss, roll, or assignment), 10 for next week, 5 for Oct 7 and 1 for Oct 21 right now.

You have to stay on top of them though as they can get away from you quickly if you aren't careful.

My short options book was net green on the day. I've got about 25 positions at the moment. My worst one right now is Ford and that's feeling heat from yesterday's drop. It didn't really go anywhere today.

ADBE short strangle daily P/L was green on both the call and put sides today. :lol:

I was doing similar things last year as your APRN trade but I'm having more consistent success right now using shorter dated expirations and not ATM (both for high IV products and more well behaved ones).

eta: just saw your AAPL post. What expiry? I sold a 139p for 9/30 this morning.


Back to my trade example:
I added the Call side (same expiry) to my ADBE trade at 340 strike for an extra 0.70. In total sold 2.20 in premium and both side were green today even with the underlying down 1.1%.

Not sure this thread is helpful unless ppl talk about selections, strategy, and/or how they end up managing the trade. Otherwise it is just a list of random trades.

Here's a trade I made this morning as an example:
At market open: STO ADBE 9/30/22 260P $1.50

I start with a chart and look for support levels that I can be around. Then I head over to the option chain and see if the premium in the option chain matches up with where I want to be. I do a lot of short strangles but with a sharp drop like this one, I'm only selling the put side to start. May add the call later. I like 1-2 weeks out depending on the underlying and the premium. Chart shows COVID lows were about 255 as an obvious support level. No good structure anywhere else so I went for the 9/30 expiration and grabbed the 260 strike to get a decent premium. I'd prefer to be below the support but opted for the next higher strike as the strikes are 10 points apart on this expiration. I'll adjust to get below that level if I have to defend the position as time goes by. Mid price was .90 at market close, so off to a good start so far.