Selling Other Stocks Options - Be the House

[MikeC]

This is a thread for Tesla investors who may want to diversify their options trades beyond TSLA from time to time, as opportunities present themselves. Sometimes there are amazing set-ups like when VFS was over $80. And maybe it’s not always a good idea to be 100% reliant on TSLA for action every week. Selling non-TSLA puts backed by TSLA shares removes some of that catastrophic risk of puts going DITM at the same time as the margin backing them dries up.

I just sold NVDA 11/24 -p480/-c500/+c520 as a quick earnings play. Will roll the put or maybe pick up my first set of NVDA shares to wheel if there’s a bigger drop than there’s been so far AH (I’d probably let 2 ITM TSLA calls exercise to pay for them).The call spread seems safe right now but is profitable up to $516 (including the premium from the put).

 

[MikeC]

This is a thread for Tesla investors who may want to diversify their options trades beyond TSLA from time to time, as opportunities present themselves. Sometimes there are amazing set-ups like when VFS was over $80. And maybe it’s not always a good idea to be 100% reliant on TSLA for action every week. Selling non-TSLA puts backed by TSLA shares removes some of that catastrophic risk of puts going DITM at the same time as the margin backing them dries up.

I just sold NVDA 11/24 -p480/-c500/+c520 as a quick earnings play. Will roll the put or maybe pick up my first set of NVDA shares to wheel if there’s a bigger drop than there’s been so far AH (I’d probably let 2 ITM TSLA calls exercise to pay for them).The call spread seems safe right now but is profitable up to $516 (including the premium from the put).

Closed the put and the call spread for about 70% gain. Will look to sell a NVDA put for next week if there's a dip but the stock seems to be recovering now.

 

[juanmedina]

I sold a few Appl 185P for $0.44

 

[EnzoXYZ]

I sold apple CCs in the past but the low premium didn't motivate me to keep up. How do you find AAPL compare to TSLA or NVDA?

 

[DaBooster]

Sold NVDA -p620/+p590 02-09 BPS for $1.12
9 delta

 

[juanmedina]

I sold apple CCs in the past but the low premium didn't motivate me to keep up. How do you find AAPL compare to TSLA or NVDA?

Premiums are almost nothing but I think it is a more easy stock to play the "wheel" and you wouldn't get decimated like with Tesla. It is also a stock that I wouldn't mind owning right now unlike NVDA which seems too rich. NVDA premiums are better than AAPL and might do spreads on that one.

 

[MikeC]

I opened and closed an NVDA -p660 for a quick 30% today. NVDA puts feel invincible right now, like when we were selling TSLA puts in 2021.

 

[MikeC]

I sold apple CCs in the past but the low premium didn't motivate me to keep up. How do you find AAPL compare to TSLA or NVDA?

Premiums seemed terrible to me, probably because of the low volatility. But the share price is lower than TSLA and NVDA so maybe selling 2-4x as many contracts would help.

 

[DaBooster]

Sold NVDA -p620/+p590 02-09 BPS for $1.12
9 delta

closed out for .23
Tidy profit for a one day holding period

 

[DaBooster]

NVDA BCS 02-09
25x -c730/+c760
1.35 cr
9 Delta

 

[juanmedina]

Any thoughts about this:

At $1000 Nvidia would have to be worth close to $2.5T which IMO is very improbable. A 15% return play.

 

[MikeC]

Sold 2x NVDA 2/9 IC +p670/-p680/-c705/+c715. Risking $2000 to win $925.

 

[DaBooster]

Sold 2x NVDA 2/9 IC +p670/-p680/-c705/+c715. Risking $2000 to win $925.

Much braver than i would ever care to be. But as they say no guts no glory

 

[MikeC]

Any thoughts about this:

View attachment 1016196

At $1000 Nvidia would have to be worth close to $2.5T which IMO is very improbable. A 15% return play.

Are the strikes listed on that? I don't see them.

 

[juanmedina]

Are the strikes listed on that? I don't see them.

I see them they have a Jan 2025 expiration.

 

[MikeC]

I see them they have a Jan 2025 expiration.

What strikes?

 

[juanmedina]

What strikes?

Jan 2025 $1000/1010 BCS. What a crappy picture I posted lol.

 

[MikeC]

Jan 2025 $1000/1010 BCS. What a crappy picture I posted lol.

$1000 seems safe but a year is a long time. Why such narrow strike width?

 

[juanmedina]

$1000 seems safe but a year is a long time. Why such narrow strike width?

I don't want to tie up a lot of cash. The trade seems highly probable so why go even wider and put more money at risk. That was my thinking. .

 

[MikeC]

Much braver than i would ever care to be. But as they say no guts no glory

Looking at AH, maybe I shouldn’t have been so brave :/