nm
Looks like they just added April options. Score.$30,000 Millionaire said:
I went ahead and rolled my feb WWR 7.5s into March 10s for a net additional credit of $0.60.
I'll take it!
Nevermind, I jinxed it. I made close to $240 on it before the cratering was fully engaged again. CLOV is like a mini TSLA right now. So manipulated. Take little spurts for wins and call it a day.Bob Knights Liver said:
Green 1 minute goal posts on CLOV? Does that count? I see it because I'm using that PS60 system to play the 2/19 $10 calls this hour (10:30-11:30).
OK, just got in from breaking ice on cows water. I haven't done a butterfly yet, so talk to me like I am 5. You buy 1 360p, sell 2 370p and buy 1 380P for same expiration? I am doing it on IBKR if that matters.McInnis 03 said:My cheap insurance play here is May monthly SPY put butterfly.McInnis 03 said:McInnis 0 said:
Ever use the $SKEW? I had no idea this existed
May21
SPY 360p/370p/380p
$.59 ea
Max return $10 if SPY 370 at expiry; however, if we see a prolonged drop, these will increase in value.
Cheap insurance should we go backwards. 367-371 seems to be well supported.
Yes. You should be able to do that as one multi-leg option trade instead of several individual trades. That helps so you don't fill one part and then it runs against you while trying to fill the others.spud1910 said:OK, just got in from breaking ice on cows water. I haven't done a butterfly yet, so talk to me like I am 5. You buy 1 360p, sell 2 370p and buy 1 380P for same expiration? I am doing it on IBKR if that matters.McInnis 03 said:My cheap insurance play here is May monthly SPY put butterfly.McInnis 03 said:McInnis 0 said:
Ever use the $SKEW? I had no idea this existed
May21
SPY 360p/370p/380p
$.59 ea
Max return $10 if SPY 370 at expiry; however, if we see a prolonged drop, these will increase in value.
Cheap insurance should we go backwards. 367-371 seems to be well supported.
Thanks for reminding me. Have all my shares free and clear and forgot about it at these levels. Followed you here on 10s and 12.50s for 1/3 of shares.$30,000 Millionaire said:
I went ahead and rolled my feb WWR 7.5s into March 10s for a net additional credit of $0.60.
I'll take it!
This is correct. Remember the goal is never to max (in this case, we hope these go to zero as they're hedges) and we close them before expiration if they do start to get ITM.spud1910 said:OK, just got in from breaking ice on cows water. I haven't done a butterfly yet, so talk to me like I am 5. You buy 1 360p, sell 2 370p and buy 1 380P for same expiration? I am doing it on IBKR if that matters.McInnis 03 said:My cheap insurance play here is May monthly SPY put butterfly.McInnis 03 said:McInnis 0 said:
Ever use the $SKEW? I had no idea this existed
May21
SPY 360p/370p/380p
$.59 ea
Max return $10 if SPY 370 at expiry; however, if we see a prolonged drop, these will increase in value.
Cheap insurance should we go backwards. 367-371 seems to be well supported.
Houston?third coast.. said:
Oh yea, im back in America now too.
third coast.. said:
Isn't MBIO under $4 where it was still considered an MA acquisition target? Because it's back there. Or is that old hat around these parts.
OK I am following you guys with these insect trades. Have no idea but sounds good to me.McInnis 03 said:This is correct. Remember the goal is never to max (in this case, we hope these go to zero as they're hedges) and we close them before expiration if they do start to get ITM.spud1910 said:OK, just got in from breaking ice on cows water. I haven't done a butterfly yet, so talk to me like I am 5. You buy 1 360p, sell 2 370p and buy 1 380P for same expiration? I am doing it on IBKR if that matters.McInnis 03 said:My cheap insurance play here is May monthly SPY put butterfly.McInnis 03 said:McInnis 0 said:
Ever use the $SKEW? I had no idea this existed
May21
SPY 360p/370p/380p
$.59 ea
Max return $10 if SPY 370 at expiry; however, if we see a prolonged drop, these will increase in value.
Cheap insurance should we go backwards. 367-371 seems to be well supported.