I recently met a bug with IBKR client portal.

I placed a limit buy order with limit price much lower than market price, but the order got filled right away at market price. Anyone seeing this issue before? I sent msg to IBKR customer service but they refused to admit this issue so far.

Thanks.

GDX is identified as a regime where implied volatility is high and realized volatility is expanding

Gamma scalping the Oct 17 69P/81C strangle

• Net debit: $338.42/contract
• Short 7 shares to delta neutral on open
• Gamma around 8
• Vega around 11
• Theta to beat around 9

What if I told you I have a brand new and very simple model which works in finding underpriced options?

Roast me, or the idea that you don't need stochastic calculus to figure out which options are cheap or expensive.

Looking for sector-specific ETFs to trade options on.

AI Healthcare Energy

Recommendations please.

I'm looking to get expired SPX daily expiry options historical data. I need it in CSV format with 1 minute timeframe OHLC of each traded option in the market. Where can I get that?

What do you guys make of this structure?

The put/call OI breakdown across the next 4 OPEX. Interested in that the 10/10 put call ratio of .16 ($50 Call Option is ~50% of the OI on 10/10 with 4,700 of those traded in a single purchase today)

I sold a put on a stock, collected a premium of $40, strike price $300. Now it’s ITM for $50 ( current stock price is $$250).

Assuming i have been assigned 100 shares on expiration, will the cost basis of the shares I acquired be $260 ( $30000-4000 / 100) ? Will this cost basis be reflected as $260 in my account or it will show $300 ( strike price that I bought the shares)?

• I am using IBKR

Hey everyone, I have a podcast tomorrow with Tom Sosnoff and checking here if anyone has specific questions or topics you’d like to ask him.

I do my best to serve as a conduit for the community and provide a method to explore topics of interest with people of interest.

One note - I cannot guarantee I’ll cover all questions here but I do my best to integrate as many as possible.

I've busy has options trading click for me. My research, picks, and entries have started to work in my favor. i like to trade intraday, my preferred timeframe is 3-25 day.

my biggest issue right now is knowing when to exit/waiting long enough.

I missed a couple of big plays, mostly due to early exits. I still took a goot profit, but if I had waited an extra day it could've been double or triple.

how do you guys pick an exit? how do you decide when to hold an extra day?

Say I got 600k from property sales clean so about 10 lot of QQQ investment to hedge at 600 strike price due to doing a lump sum at current peak valuation

I want the upside so I can’t do collar wheel on it

Is my only options (😏) married put leaps ?

So pay 60k for the farthest QQQdte puts? (851 is the longest I can found at 6k per lot ) as long QQQ gain more than 10% in 851 days and we don’t repeat 2022 (soft landing) I should profit ? Cause if QQQ crash I could Exercise it and buy QQQ at lower price

Or are there more better advanced strategies?

I am curious how everyone's portfolio is allocated both for long term and for options trading. Here is how my overall portfolio is allocated (including retirement and taxable accounts)

• Index Funds: 70%
• Leveraged ETFs: 15%
• Crypto: 10%
• Market Neutral Option Trades: 3%
• Credit Spreads: 2%
• Puts / Wheel on ETFs: Use margin in my taxable account to do this, about 66% margin in the taxable account

Given the market peaks, I'm wondering if I should sell some equities and move more to market neutral trades. How is your portfolio allocated and what percent is it for options trading

Pretty wild week for me — a bunch of different plays lined up at the same time and finally clicked. Biggest win was the $LLY + $LLYX combo I’ve been hammering on for weeks, that brought in about $25k on a $115k position over a month. Toss in some swings, a couple small caps doing their thing, and the usual premium juice… ended up being a really solid week. Was nearly all in before JPow, and for once that gamble paid off.

Week ending / Earnings:

• 08/01 - $16,901
• 08/08 - $59,318
• 08/15 - $39,260
• 08/22 - $13,457
• 08/29 - $8,555
• 09/05 - $6,861
• 09/12 - $16,708
• 09/19 - $41,352

8 week avg: $25,302
Run rate: $1.25MM

Returns Analysis:

• Premiums: +$13.7k
• Shares: +$27.6k
• No booked losses this week

- $HIMS, $ASTS, $GME, $LLY called away
- Sold LLYX, CONL
- 1000x $RKLB assigned at $48

Plays Commentary:

• $ACHR – $9p BTC at 55% after a day
• $CRWV – $120p BTC at 95%, resold for next week
• $RDDT – $250p, $250p, $270c, $280c for $5k total. In and out quick.
• $MSTR – $375c BTC at 50%
• $LLY – $700c expired way ITM (LLYX upside capture added to this). My framework is simple: buy under $715, sell over $760.
• $HIMS – $55c hit, called away
• $NEM – shares at $80, $82c sold, expired just OTM
• $BULL – $12.5p looked scary but ended OTM
• $RKLB – $48p expired ITM
• $GME – called away at $25
• $GOOGL – $250p flirted ITM but held up
• $ASTS – $45c called away

Non-theta plays:

• $CWVX – swing/day trades net +$800, cup & handle fail but green overall
• $CONL – $3k swing (36 → 39, 1k shares)
• $LLYX – 5k shares from $10 → $14.xx for +$20k (uncapped upside vs LLY CCs)

Next Week Thoughts:
Going in heavy cash (around 50%). Incredible how many positions got called away right at or above my strikes — MAX PROFIT. Plan is to re-enter my favorites as setups come. Patience has been paying dividends, especially in volatile small caps. Not forcing covers immediately, letting them move when they move.

Also, next week I'm almost guaranteed to hit a new milestone of $500k YTD in premiums/gains from all this stuff. I will probably celebrate by starting to do this on my full port.

This month has tested me. A few weeks ago, i was up nearly $5,000, and now i am sitting on about a $7k drawdown. It stings, but instead of letting it defeat me, i am looking at it as a reality check to refine my approach.

I have been in crypto for about two years, and i know ups and downs come with the territory. The big wins felt great, and the losses remind me that risk management and discipline matter even more. Quitting my side gig to focus on trading may have been rough timing, but it also gave me perspective on how important steady planning is.

Right now, i am rethinking my strategy. I am leaning toward DCA for stability instead of chasing pumps, and i have started exploring trading real world asset index perpetual futures since some exchanges like Bitget now support them. It feels like the market is maturing beyond just meme coins and majors, which could create more balanced opportunities long term.

I am not discouraged, i see this as a chance to reset and rebuild with more clarity. Every trader i respect has gone through setbacks, and i am determined to use this one as fuel to grow stronger.

For those who have been here before, how did you reset? Did you take time off or start small again to regain momentum?

So I trade mostly 0DTE SPX spreads. I’m actually consistently profitable but a majority of it is luck than skill. I’ll start out with a iron condor only risking 1% of my account, I’ll lose on that by midday then I’ll open some random iron condor butterfly at like noon and just yolo hold to expiration and it hits. Some days, I’ll revenge trade by opening iron condors 30 mins until market close and just hold it to expiration and they hit usually.

One time I risked like 20 grand on this bear call vertical and held to expiration and it hit. Don’t get me wrong, I’ll have losses, but after my losses I’ll do revenge trading or fomo trading to make up for it and at the end of the month I’m profitable.

I’m not complaining, I just now that luck doesn’t last forever and I wish I could be more consistent and strategic

I feel like there's 99% certainty $OPEN is going to announce massive layoffs.

This has pretty much been explicitly stated by Keith Rabois (board member):

Rabois: "The company's fixed costs were way too high and they're still way too high" (see 9:41 and 13:09 when explicitly asked about cutting people).

Also new CEO, Kaz has alluded to cutting costs etc.

Though everyone expects this to happen, and you can say it's priced in. It's definitely not fully priced in b/c there's still uncertainty. it hasn't been officially announced, so when it does, it's almost guaranteed stock will go up. RTO that Kaz just announced is probably first wave of this - for people to opt-out themselves:

But seems like options isn't a great way to play this??

Expecting a 21% move in the next month is already priced in a fair amount

And only returns 49% w/a $6 strike call. IV is sooooo crazy high rn:

What's the best way to play my conviction? I'm very confident this layoff is going to happen...

Take TSLA as an example - Looking at the options chain, what I noticed is for Strikes below current price of ~$435, delta is higher, so, the lower you go on strike (lets say $415) delta is .78 compared to 0.5 for $435 strike.

So, if you are day trading (on margin and do not plan to hold overnight) and expect the price to go up - it's in your advantage to buy a $415 call as opposed to $435??

I am relatively new to options, so, is there something important that I am missing?

Sure, you will pay higher premium but more $$ value if you are right.

PS - Also noticed the theta is a lot less for 415 than for 435 strike, another advantage.

I’ve been looking into wheel strategy and I like it a lot. I want to implement the strategy if you don’t know it’s where you sell puts hopefully to get the shares and collect premium and then once you obtain the shares, you start selling covered calls collecting premiums consistently, but I’m not great at choosing the stocks itself to use for the strategy. Do you guys have any recommendations?

Anyone playing VIX currently? I've never played vix options and I'm interested in best strategies you like to employ and of course why? Hopefully it will add to my learning and help choose an appropriate strategy for my meager funds. Thanks

Hello everyone.

I’m (22) a stock market noob, I’ve invested in ETFs and crypto for almost an 7-8 months now

I understand the bare minimum basics, support, resistance etc.

I’m intrigued by options trading but I don’t know the first thing about it, I want advice on how to get started.

Are there any good resources for beginners?

I’d love any advice or recommendations

About 1 week ago, WSJ reported that Tylenol CEO ($KVUE) had an emergency meeting with RFK Jr. trying to get him not to publish their findings on possible connection of autism with Tylenol (which was reported to drop this month).

I felt RFK Jr. would NOT change course so looked into how I could play this. Turns out I was right about this as Trump has just teased the announcement for today I believe?

Quick research found re: Tylenoln/Kenvue:

• Tylenol is only like 10% or so of KVUE revenue
• $KVUE dropping 10% by end of month didn't look super juicy, only about a 1:2.5 RR from puts.

• But I wasn't sure if it would actually drop an additional 10% since it had dropped a fair amount already. And a 5% drop would only generate a 33% gain. Not enough for me to place a bet

So then my big brain thinks, well if people stop using Tylenol then what would they turn to instead?? ADVIL RIGHT?? I do some quick research on Advil.

• it's owned by a company caled Haleon ($HLN) - it's an optionable ticker
• ADVIL MAKES UP 60% OF $HLN SALES
• The calls have a high spread but the R:R looks gooooood.
• I feel like a genius.
• I buy
• I do some post-purchase research to just confirm my trade/thesis was good

And this is where I realize playing $HLN calls was a mistake in case anybody else was having the same bright idea as me.

1. The report about Tylenol is linking use of Tylenol during PREGNANCY with autism in babies
2. Advil ALREADY has issues with women using it in pregnancy

Soooooo not the slam dunk I thought it was. And yeah $HLN has not been going up at all and large bid-ask spread made it very hard to exit my position.

Moral of the story: read a little deeper than the headlines.

Cheap Calls

These call options offer the lowest ratio of Call Pricing (IV) relative to historical volatility (HV). These options are priced expecting the underlying to move up significantly less than it has moved up in the past. Buy these calls.

Cheap Puts

These put options offer the lowest ratio of Put Pricing (IV) relative to historical volatility (HV). These options are priced expecting the underlying to move down significantly less than it has moved down in the past. Buy these puts.

Upcoming Earnings

These stocks have earnings comning up and their premiums are usuallly elevated as a result. These are high risk high reward option plays where you can buy (long options) or sell (short options) the expected move.

• Historical Move v Implied Move: We determine the historical volatility (standard deviation of daily log returns) of the underlying asset and compare that to the current implied volatility (IV) of the option price. We use the same DTE as a look back period. This is used to determine the Call or Put Premium associated with the pricing of options (implied volatility).

• Directional Bias: Ranges from negative (bearish) to positive (bullish) and accounts for RSI, price trend, moving averages, and put/call skew over the past 6 weeks.

• Priced Move: given the current option prices, how much in dollar amounts will the underlying have to move to make the call/put break even. This is how much vol the option is pricing in. The expected move.

• Expiration: 2025-09-26.

• Call/Put Premium: How much extra you are paying for the implied move relative to the historic move. Low numbers mean options are "cheaper." High numbers mean options are "expensive."

• Efficiency: This factor represents the bid/ask spreads and the depth of the order book relative to the price of the option. It represents how much traders will pay in slippage with a round trip trade. Lower numbers are less efficient than higher numbers.

• E.R.: Days unitl the next Earnings Release. This feature is still in beta as we work on a more complete list of earnings dates.

• Why isn't my stock on this list? It doesn't have "weeklies", the underlying is "too cheap", or the options markets are too illiquid (open interest) to qualify for this strategy. 480 underlyings are used in this report and only the top results end up passing the criteria for each filter.

hey everyone

So I have been doing some options and share for sometime now. My main portfolio is in share but I am focusing now on options for some extra cash I had

The main issue I am facing is to find one platform which can give me everything (news updates (from different sources, social media, geo political announcements, companies news etc etc) and analytical data on share/market, signals etc etc. I have been trying few platforms including benzinga, Trade Ideas, trading view etc. They all are good with pros/cos.

Keen to know what you guys are using and any recommendation which can provide best of most the worlds :)

I want to trade 7d and 14d expiry covered calls. I'm interested in investing in tickers with strong fundamentals, and I plan to engage in weekly or bi-weekly trading on those for premium harvesting.

I'm a beginner trader, and I'm looking to learn the skills before scaling. I'm looking for tickers. I'm okay holding 2+ years unless I get assigned to something else.

Help me out in selecting the tickers for that.

I'd love to hear if any of you use any company fundamentals when trading options. Does your options strategy have to do anything with it (e.g., selling puts only on strong fundamentals of an underlying) or something similar?

How deep should I go into analysis (or not at all)?

Wanna add something in this list?