They make great hats. Highly recommend.
Looking to trade or sell some gems. I’ll update the list as things become unavailable:
Mainly looking to trade for a CXM 1978, a Blooper (preferably wooden box) or an EAE Longsword. Possibly also an EXH Key9 or Attack Decay as well. Feel free to reach out with other offers, but there’s not too much else I’m searching for. Directly message me with cash offers. Prices will be based around current Reverb values.
I have a few trades waiting to be verified in this sub and a Reverb shop with 100+ five star reviews for credentials. Happy to ship or work out local deals around the Milwaukee or Madison areas.
Happy New Gear!
As the title says.
I'm looking for some help on a trade I started back in September before earnings for UPS, the underlying had broken through my put sides and I ended up rolling for some credit to Dec 18th. I'm unsure how to continue to roll or close these trades without suffering a huge loss. I'm using IBKR for my brokerage and mostly trading from the IBKR mobile app. I'm somewhat comfortable with the desktop IBKR Trader Workstation. I'll lay out the two current trades in UPS (current premium in parentheses):
Trade 1 1 UPS 165p Dec 18 (1.53) -1 UPS 170p Dec 18 (3.89) -1 UPS 165c Dec 18 (5.00) 1 UPS 170c Dec 18 (2.23)
Trade 2 1 UPS 165p Dec18 (1.53) -1 UPS 175p Dec 18 (7.45) -1 UPS 165c Dec 18 (5.00) 1 UPS 175c Dec 18 (0.93)
Any guidance or suggestions would be greatly appreciated.
Edit: Here is a screenshot of the UPS positions in my portfolio. The total settled cash is $1.39k but my current buying power is $26.
Welcome to my Ted Talk, the following rant concerns the game without any expansions.
at a whopping 277 cm, the California condor has the largest wingspan in..well.. Wingspan! despite being the king of all birds in this fun, engine building game. The California condo is almost always an awful way to waste a "play a bird" action. Here's why.
First lets go over the stats on the bird.
Now, the fact that the condor can be played in any habitat and have no food cost might make it seem like its a versatility bird, your probably thinking to yourself "a bird that can be placed anywhere for no cost sounds likes great way to build and strategize!" STOP! THIS IS NOTHING BUT A TRICK TO GET YOU INTO SCREWING YOURSELF! By playing the California condor, you are essentially screwing yourself out of a valuable bird slot.
Base Wingspan is a game of opportunity costs, you cant play over birds that have already been played, which means that nearly every bird card in the deck needs to compete with other bird cards, and its in this factor where the condor comes dead last.
The condor's on played effect is the most COMMON effect in the entire game, an effect it shares with nearly 14 other bird cards. Not only is there a lot of competition between birds with this effect. This effect itself is exreamly underwhelming. Unless you are REALLY good at Wingspan, you will most likely only be able to meet at most 2-3 bonus card goals per game. Meaning that its not really in your advantage to play more than 1 of these effects per game.
With it only being advantages to play a few "draw bonus card" affects per game, the condor does itself no favors in at least attempting to be the most appetizing of the 14. Lets go to egg count..
Many end round goals revolve around egg counts, eggs in grasslands, sets of eggs, eggs on certain nest ect. The condor however can only have 1 egg placed on the card, drastically hampering the amount of eggs you can have total in whatever habitat its placed in. Is the end round goal whoever has the most eggs in the forest? if you have a condor in that habitat your issue might not be having enough eggs, but not having anywhere to place them.
Just to add to the fact that the condor has a shitty egg count, a shitty on... keep reading on reddit ➡
I just finished watching tastytrades videos and I feel they have done a good job in explaining options trading.
Like to know in reality, if people do find using the option strategies effective or staying simple will be good enough as well. (seen many "unreal" option gains from even simple strategies e.g. in TSLA)
Can I trust them? Are they durable and can they support weight well? Or, are their much better rigs out there that are about the same price as Condor?
Sorry a little late in the day with this but here's a quick look at NVDA into its earnings. The options market is pricing in about a 4.5% move for the event. That's been declining throughout the day, call it about 5% into Friday's close. Expected move chart. It's had about a 3% average move over the past 3 earnings (all higher, all beats) with the biggest of the three +7% and the last one basically unchanged, up .02% the next day. Prior 3 earnings charts
That expected move set's up for a condor at around the 517.5 and 565 areas with the stock 541:
Decent risk/reward on what's probably a fairly priced move. It's binary obviously so any move beyond those long strikes and its max loss so obviously defined risk is key here with that 7% move in recent history.
Full writeup over on optionseye where I nerd out a bit more, with a little more on debit and credit spreads for those looking directionally - Bullish / Bearish spread comparisons based on the expected move.
Was just checking out a Market Measures video from a couple years back regarding iron condors in every market environment. https://www.tastytrade.com/tt/shows/market-measures/episodes/iron-condors-for-every-environment-07-05-2018
Basically the long and the short of it is 1SD IC's with larger $10-$20 strike widths have outperformed tighter strike widths on the SPX in the long run from 2005-2018. However, during bear markets, tighter strike widths ($5-$10) worked better, since a $20 wide strike width actually posted a loss during the 2008-2009 bear market.
Just wondering if anyone employs this as an all-conditions strategy for the major indices, at least as just another tool in the toolbelt. Obviously the idea of mechanically picking a delta + picking a strike width and just going for it every 24 days regardless of market conditions (i.e. IV rank) is a wayyyy easier proposition than actually having to scan for individual stocks, do a chart analysis on each, take IV into consideration, etc.
Have any of you ran this strategy for any considerable length of time? If so, how has it gone for you? Any comments/critiques/experiences are welcome.
Just started experimenting with IC and it's a wild ride. Are IC supposed to be delta neutral or is there a more common/optimal delta to target? I'm trying to target higher win % and not necessarily max profit, just constant wins even if it's lower amounts.
My goal for 21 is 500/wk premium received. I've done that with just vertical puts on SPX so far but want other strategies in my tool bag as well
Edit: lol who went through and down voted everything
This is a similar post that I recently shared my strategy on $SPY (Condor Spreads).
Iron Condor (PUTS+CALLS) has identical P/L income as Condor (ALL CALLS) delivers but slightly less profit (about $0.05 x 100), but the advantage of Iron Condor is that you don't need to let it expire to gain the maximum profit, it usually pays the same maximum (credit) before the expiration (slightly less ) vs Condor Spreads that you must wait until it expires to gain the maximum profit.
So (Debit) Condor Spread is you get profit later, (Short) Iron Condor is a Credit (instant rebate) strategy.
By the way, I recently made a post on Condor Spreads strategy but I recently discovered that there is a chance that Robinhood will forcibly exercise(broke) the other legs even though you are ITM at 12 PM which is a very unprofessional move as a broker, meaning Robinhood is not ready for multi-leg strategies yet. So avoid doing Condor Spreads on Robinhood, instead, follow this guide, and open 'Short Iron Condor'
'Instant Rebate' means in shorting options trading, please read this tutorial about 'credit spreads'. https://www.reddit.com/r/RobinhoodTrade/comments/k9bfq7/avgo_er_play_put_credit_spreads_tutorial_for/
I will also skip the intro about these strategies' probability and profit here. Or you can read my previous post, here https://www.reddit.com/r/RobinhoodTrade/comments/k4tvck/tired_of_losing_try_this_strategy/but again, that was for Condor Spreads, I recommend you to follow this post with Short Iron Condor for RH. Again, Robinhood is not ready for multiple options trading yet. (or try Tastyworks broker, the best for options trading). This is one of the reasons that many investors don't recommend Robinhood after you learned enough about stock trading.
Anyway, this strategy has a 95% break-even probability with a 5% fixed profit, $SPY just doesn't let it crash or soar by $7 and then stay there, because of the balance numbers of Bulls and Bears, it can go down $10 or up to $10 in the morning (in the very rare cases), however, at the end of the day, it comes back to $3-$5 differences. Therefore this strategy is 'stupid safe' with a 5% fixed profit.
So what do I mean by "$7"?
with the Short Iron Condor strategy, you expect the stock price within the range you set as... keep reading on reddit ➡
I never did an Iron Condor before, and I always sell limit order when I do CSP or CC, it's straight forward I put the premium as the limit.
But when I tried iron condor (paper trade) I didn't know how to calculate the limit, it has a slide. Do I put the limit that gives me the max profit I calculated or it doesn't matter?
For Example AAPL Feb 12 Sell put @129 with $500 premium Buy put @127 with $400 premium Sell call @137 with $495 premium Buy call @140 with $390 premium
Max gain is $205 Max loss is $95
When I put this in ToS it gives me 1.92 limit by default, should I change it to 2.05 to get my max profit or it doesn't matter?
Also is changing it to higher limit (2.05) affects filling the order?
Last question, is there a limit on the number of contracts I can order, if max loss is $95 and commission is $2.60, and let's say I have $10,000 can I put 102 contracts or TD Ameritrade will not allow it? (I know it's crazy loss but I am trying to emphasize the question, it's hypothetical)
I am confused, thanks for the help in advance.
Why is this not a more common strategy? Especially companies that are reporting earnings where the IV crushes. The stock has to move A LOT just for you to break even, and even if you end up succumbing a loss, either hold or double down the leg and it’ll eventually decay to at least a breakeven where you can set a stop loss.
Why can’t this sub just ask their grandma to cash out their retirement and open a high interest yielding margin account with TD to get the collateral needed and begin selling to autists on this sub?