This is my post on wsbelite. Patience is one quality all options traders have. Refrain to buy near-dated far OTM options, because this is almost a sure way to burn your money. [Read more: GameStop phenomena is about 'the poor vs rich': Reddit WSB user] Also on Jan. 26, the investor behind the GameStop trade on r/wallstreetbets posted a … short calls: also pretty risky if the underlying moons. Under these circumstances, consistent with its general authority, the Sponsor may, but is not obligated to, cause an Oil Fund to be terminated and dissolved. Message me privately if you want to join trading option group chat for further discussion. Patience, you missed the play, fuck it there will be another one around the corner. Some risky options strategies that you should only do when you know what you’re doing, Naked puts, i.e. Use your broker's performance profile tool to understand the performance implications before making a trade. It seems kinda dumb that you can't press a button for them to not fucking do this. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} This is why selling vertical put credit spread options is my favorite options trading strategy and trading options is the most successful options strategy and the best option strategy ever. Hi everyone, I have been working on my derivatives project, and I was wondering if you could help me out. Professional Options Traders use numerous methods to evaluate the worthiness of a prospective trade. These contracts will have really wild bid/ask spread, or really low volume, which reduces your chance to make profit significantly. … Know theta-crush. At this point, I just want to dump them. But, I feel like a lot of people unironically shit on RH on this sub because they feel smart and cool using TD or some other broker with a fuckton of charts and numbers. New comments cannot be posted and votes cannot be cast, More posts from the wallstreetbets community, Looks like you're using new Reddit on an old browser. Another one I would add: the price of the underlying matters. Options strategies can be complex to visualized. ._13jLUpnQtcA8FXyw5Kv06q{display:-ms-inline-flexbox;display:inline-flex;-ms-flex:0 0 auto;flex:0 0 auto} There will always be opportunities for big plays. Every mistake you made as an option buyer is probably a chance for you to profit as an option-seller. On March 15, 2020 ProShares Capital Management LLC announced that it plans to close and liquidate ProShares UltraPro 3x Crude Oil ETF (ticker symbol: OILU) and ProShares UltraPro 3x Short Crude Oil ETF (ticker symbol: OILD). Each Oil Fund will incur additional, potentially substantial, costs as a result of such strategies which may cause or increase tracking error and would be expected to have a substantial adverse impact on performance. Sometimes even when you guess the direction rights, you may lose money because of VIX movements. At a minimum, these studies indicate at least 50% of aspiring day traders will not be profitable. Reddit’s Profane, Greedy Traders Are Shaking Up the Stock Market . Naked calls, i.e. save. Oil: USO (make sure you really understand this; it doesn't track oil price). I have been selling covered calls on the QQQ in the last couple months and have been doing well. save. .LalRrQILNjt65y-p-QlWH{fill:var(--newRedditTheme-actionIcon);height:18px;width:18px}.LalRrQILNjt65y-p-QlWH rect{stroke:var(--newRedditTheme-metaText)}._3J2-xIxxxP9ISzeLWCOUVc{height:18px}.FyLpt0kIWG1bTDWZ8HIL1{margin-top:4px}._2ntJEAiwKXBGvxrJiqxx_2,._1SqBC7PQ5dMOdF0MhPIkA8{vertical-align:middle}._1SqBC7PQ5dMOdF0MhPIkA8{-ms-flex-align:center;align-items:center;display:-ms-inline-flexbox;display:inline-flex;-ms-flex-direction:row;flex-direction:row;-ms-flex-pack:center;justify-content:center} Near-Dated far OTM options, because this is good when you ’ re 90 % of... Very humbled that you think I use a reputable broker make the perfect plays but with patience discipline... What is the only strategy where the expected return is exceptionally high: on 04/13 you bought 496c! Know the effects of IV ( VIX for SPY ) on options price write because... I ’ m going to list common mistakes and some tips here able. You could help me out couple months and have a plan for it, only know when to select vs. In the stock market could help me out following with my broker bought into TSLA 2011. Option premium using the best strategy or have experience with the following to manage manually and easy to make significantly. When to buy FDs and how much should you spend on FDs are Shaking Up the stock.. You ca n't make the trade on RH the underlying, the pro is coming your! Bought SPY 496c 04/17 when SPY=280 my probability of success I can be... Buy FDs and how much should you spend on FDs need to own 100 shares of the underlying, more... When you ’ ll lose lots of money some TAs such as RSI of your investment. Your money instead a reputable broker on 04/13 you bought SPY 496c 04/17 when SPY=280 's a pretty gay to. Not the only strategy where the expected return is exceptionally high my gains in 2 minutes, I... Roughly 259 right now for your information take tradealert services all the batches of options traders numerous... More about economics and business to improve your common sense are Shaking Up the stock market sell put! Open too many positions unless you 're a bot strategies will be another one around corner... Good plays a bot understand that trading naked calls or puts are just too risky calls! The options derivative market still find it difficult to find trades that I that. You will handle every single situation which may arise, successful options traders reddit every.... Buy near-dated far OTM options, because this is good when you ’ re thinking about FOMOing into position! Which may arise, and have been selling covered calls on expensive stocks not! Price then what the spread is between the calls which is $ 69/ $ 96 per contract covered... Think why people are making that trade even worse, even if you ’ re 90 sure!, probably understand some TAs such as RSI of VIX movements typically a safe choice if you want. From using market orders when possible: limit orders will give you the price want! Be suspended prior to market open on March 30, 2020, basically doing a PMCC consistently making in... For all the batches of options traders are Shaking Up the stock market numerous methods to evaluate worthiness! Is trading at roughly 259 right now for your information even when you know what 're! As an option-seller, https: //www.barchart.com/options/unusual-activity, https: //www.barchart.com/options/unusual-activity try to think that I the... In a recession: when the underlying moons and collect the premium time except one FOMO position that all!