Hell Progn, I'll join you one 1 or 2 contracts as long as the price is under $500 each.

ReturnOfTheAg said:

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What UI is this from?

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www.optionstrat.com

Heineken-Ashi said:

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Hell Progn, I'll join you one 1 or 2 contracts as long as the price is under $500 each.

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Ride or die bruh. Bad Boys for life!

We could also grab a single $180 put for the S&G.

Heineken-Ashi said:

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We could also grab a single $180 put for the S&G.

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Never mention puts and jinx us.

Hey, some idiot bought a single $120 put for august today. Paid 5 cents. Talk about cheap insurance.

*** Most likely they had sold the put a while back and were for some stupid ass reason buying to close it.

ProgN said:

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ReturnOfTheAg said:

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Paging Prog - what's your plan on POWL?

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$300+

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Atta boy!!

I'll take the pink one, but don't tell my wife.

You could bounce a quarter off that thing

monarch said:

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I'll take the pink one, but don't tell my wife.

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Good taste! I noticed her as well. Let's be honest though, I doubt any straight man would say no to any of them.

ProgN said:

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ReturnOfTheAg said:

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Paging Prog - what's your plan on POWL?

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$300+

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Thanks for the confirmation. I'm hoping for $325!

I came back for another look ...

Same if we are talking about a nice double-wide.

XBI Techs

Weekly - Solidly bullish, but nearing significant resistance. Breaking through could be VERY bullish.



Daily - Solidly bullish - clues from this chart won't help you spot a potential reversal, and by the time this chart turns bearish, you've probably lost a bunch already.



4hr - Where your focus should be. Headwinds and tailwinds approaching decision point. Easy levels to watch. This should be the short to mid term swing trading timeframe.



Daily - Just EMA's

Ive been playing XBI for years. I was hoping to get a pharmaceutical tariff and rate scare to buy in lower. I feel like I missed the boat, unless something happens. Same for ARKG

BREAKING: President Trump says the US has reached a trade deal with the EU.

The deal includes:

1. Agreement to open up trade at 0% tariff

2. EU to buy up to $750B of US energy

3. EU to purchase “vast amounts” of US auto

4. Tariffs on automobiles reduced to 15%

Trump calls…

— The Kobeissi Letter (@KobeissiLetter) July 27, 2025

BREAKING: The US and China have agreed to extend their tariff pause for another 90-days.

— The Kobeissi Letter (@KobeissiLetter) July 27, 2025

markets gonna rip.....those $0.37 SPY puts gonna be a penny at open.....looks like this whole thing IS gonna be the blowoff top, H-A

EnronAg said:

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markets gonna rip...those $0.37 SPY puts gonna be a penny at open...looks like this whole thing is gonna be the blowoff top, H-A

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You never know. Too many major moves in stocks throughout history happen with no corresponding news or reason, and too many times a positive or negative news or economic development does not predict that direction of the market. Sometimes they line up and our search for causality reinforces that it all works cleanly. When it doesn't work as we expect, we discount it as an outlier or the market being "irrational". I try to remove that bias and avoid the narrative and let the market provide me the clues for what's likely to be next.

European trade deal agreed to by Trump and the EU.

15% tariffs on all euro goods into the US plus $600B in investments into the US.

We going to the moon fellas.

🚨 BREAKING: President Trump hits MAJOR HOME RUN with a massive European Union trade deal while in Scotland...victory. 'ZERO TARIFF.' Experts lose again.

"The EU is going to purchase from the US $750 BILLION worth of energy...Agree to invest $600 billion. Agree to open up their… pic.twitter.com/OuRfm4EZNV

— Eric Daugherty (@EricLDaugh) July 27, 2025

Priced in?

Rip?

Tariff fatigue just going to ignore it?

I have that spy put that OA recommended the other day, so hope for a dip and then rip preferably

futures up 1/2 %

EnronAg said:

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futures up 1/2 %

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Maybe…..

El Chupacabra said:

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check out FXI Sep 30th 40 calls.

Someone know something about China tariffs?

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It's nice to trade on inside info.

FrioAg 00 said:

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Priced in?

Rip?

Tariff fatigue just going to ignore it?

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I have no idea anymore. Seems like when we have good news now, not much happens. Everything seems like it's already priced in and just tariff fatigue lingering. I hope we rip and rip the hell out of it. But just not sure

Shorting ATHs is one of the worst trades you can make. We should test the breakout around 6150 but the bias is and has been UP

Another week begins.
I aim to make $100 in my little option trade this week. A healthy improvement from $37 last week.

At some point, I want to get to a point where I can reliably make about $5k a week. My friend does that, he backs it up with a good amount of cash.

yuuuuge earnings week

Big earnings this week: https://t.co/x59NEZaAGR

via @BearBullTraders $UNH $AAPL $META $MSFT $AMZN $SOFI $HOOD $PYPL $MSTR $BA $V $APLD $CLS $UPS $CVNA $SPOT $LRCX $MARA $QCOM $COIN $RDDT $KGC $F $VRT $WM $ARM $CVS $SBUX $BKNG $STX $CDNS $MO $MRK $RIOT $RMBS $NGD $XOM $NUE… pic.twitter.com/URPcfH6NEA

— Steve Burns (@SJosephBurns) July 28, 2025

Have you thought of bonds?

Jokes aside. Going from little to no knowledge on generating income via options to $5k a week is a lot. You're going to have a lot of money at risk. Look into "The Wheel" strategy and get comfortable with the strategy. Then dive into the greeks so you can better understand how prices will move and risk/reward. A good amount of people run this strategy and you'll be able to learn more on Reddit, Boggleheads forum, SeekingAlpha etc.

Many people recommend the YieldMax etfs, I think the JEPI etf is great for those seeking income and equity exposure. You may want to look at private credit options with the amount of money you plan to hold as collateral for a derivatives income strategy.

infinity ag said:

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Another week begins.
I aim to make $100 in my little option trade this week. A healthy improvement from $37 last week.

At some point, I want to get to a point where I can reliably make about $5k a week. My friend does that, he backs it up with a good amount of cash.

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I used to have this same fantasy and quickly lost a ton of money with delusions of grandeur.

I would tread very carefully. As in, you should maybe do this for 5 to 10 years before you make that your weekly target.

CC09LawAg said:

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infinity ag said:

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Another week begins.
I aim to make $100 in my little option trade this week. A healthy improvement from $37 last week.

At some point, I want to get to a point where I can reliably make about $5k a week. My friend does that, he backs it up with a good amount of cash.

---

I used to have this same fantasy and quickly lost a ton of money with delusions of grandeur.

I would tread very carefully. As in, you should maybe do this for 5 to 10 years before you make that your weekly target.

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agree with LawAg...

and I would say at least wait 5-10 months...or at minimum, continue to play small through the first major drawdown the market has...which I believe should be somewhere inside my window...that major drawdown will really tell you about the amount of risk you should be putting on for short put plays...

EnronAg said:

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CC09LawAg said:

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infinity ag said:

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Another week begins.
I aim to make $100 in my little option trade this week. A healthy improvement from $37 last week.

At some point, I want to get to a point where I can reliably make about $5k a week. My friend does that, he backs it up with a good amount of cash.

---

I used to have this same fantasy and quickly lost a ton of money with delusions of grandeur.

I would tread very carefully. As in, you should maybe do this for 5 to 10 years before you make that your weekly target.

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agree with LawAg...

and I would say at least wait 5-10 months...or at minimum, continue to play small through the first major drawdown the market has...which I believe should be somewhere inside my window...that major drawdown will really tell you about the amount of risk you should be putting on...

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I would just invest in options trading ETFs. About $60k or so buys 10,000 shares of ULTY yielding about $1000/week, for instance. It's a lot less work than making the trades yourself, and it's a good supplement to invest elsewhere or use as needed. It's like an additional salary.

Standard this is not advice and yes there's risk involved. It's just what I would do.

Like clockwork for the opening 2 hours -- BRK.B with a new local high, promptly giving it all back.

At this point it either goes sideways all day for a small gain or loss on the day, or the odd exception (like the last 2 Fridays) which is to blast all the way back up for a new high.

CRWV - Tracking a potential ED into the [c]=[a] that lines up with the 38.2% retracement of the post-IPO low to ATH that would bottom around $97 range. If so, could get a quick rebound by the end of August back to $135-$146 region.