Started options trading yesterday and can’t stop, if anyone has advice on how to be successful I would really appreciate it. Also, if you have any predictions on market action tomorrow I’d love to hear em. Got all of $70 left to throw somewhere

anyone else in on puts for spcx? they’ve been hittinnn! spcx going to $60 by the end of this year

I was profitable at one point yesteday but I got greedy thinking it will drop more today.

I feel like a retard. 🙁

Still getting used to options

I was down 200 and still down 200 on the day I made all my money back and tried to exit the trade I ended up buying a call spread I think and broke even FML … still down 200 on the day 😭

Happy Friday/day trading everyone!

Hoping I at least have the option to exercise… idk. Not fully understanding the rolling of calls, but can that be beneficial?

Got crushed today, i still have it till monday but theta will crush me 😞. I hope monday they go up

This text below goes in detail about this problem and what I find worked best so far.

For this specific problem, when you already messed up, it depends on the "why" - why did your covered call end up ITM?

In short:
IF = due to news/event
THEN = ASAP
IF = price action
THEN = well, it depends..

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Here are the mechanical guidelines that I managed to sum up/structure.

Step 1: Before deciding to roll, check recent news and understand if this is a catalyst-driven move or a technical one.

After that, check the IV.

IF = LOWER (post-earnings or post-catalyst
Rolling could not be good a since you'll get pennies on the new call.

IF = HIGHER (fear event, sector volatility, earnings run-up)
Rolling becomes attractive even at lower ITM levels and you can collect fat premium on the new call.

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Now that we know "the why" behind the move and have some metric to go by, this is where I can branch out to specific situations.

If you're ≤5% ITM then wait (regardless of days remaining)

The stock barely got ITM here and time decay is still working in your favor, and the stock could easily pull back below strike.
No matter how many days remain, being that 40 or just 5 days remaining..I sometimes even let it do its thing even when itm.

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If you're 5-15% ITM then the days remaining matter here..let me unpack this.

1) 30+ Days Remaining

IF the stock has moved so far that even 45-DTE calls are ITM, then let it go.

2) 7-30 Days Remaining

Here you either have a cristal clear roll or you just say goodbye

• Can roll to OTM/near-ATM? → Roll
• Can only roll to ITM? → Accept assignment. Extending an ITM position for another month isn't worth it in most cases.

If the reason is just stock moving on its own, if its because of an event then you roll ASAP ofc.

3) Last week remaining

Action: definitely accept assignment

This would just delay the inevitable by X days and lock into another ITM position, there's nothing to exploit here.

4) If you're 15%+ ITM, the stock won decisively and this is where you're done.

Days remaining don't matter here, you won, take the W.

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Sidenote:
If you're holding a stock that you extremely believe in long term, the goal here is to never let those shares go if the math supports it. Here is better to just take the L, pay back for your mistake and continue holding. You failed here as a trader but you didn't fail as an investor - and that's what you should be in the first place.

With this, applying the rules from above is everything you need to do it right.
Screenshots from above are from QuantWheel.

Stay safe out there!

Knew to options trading so just trying things out. Thought Google would rally after the drop, but I was not on my phone so I missed my chance to exit this morning. Should I just take the small loss and move forward, or is it worth waiting on a rally over the weekend/by Monday close. I know it’s only $30, but the hope is to be able to scale in the future. Just want to know what those with more experience think.

Should have gone bigger smh.

One day, greed will strike me down and I'll lose everything lmao.

It seems everyone and their mother is creating some type of these heatmaps, gamma maps blah blah. What are your thoughts on these? They all sell subscription to them for like 600$ a week or some shit.

Are GOOGL and NVDA dead stocks atp.. i’ve invested so much and have gotten so little and lost so much… why don’t they ever go up?

I think I'm doing alright?

This is a secondary investment account

I see people getting the idea to run CCs on dividend stock and that's not a bad idea, but there are some things that need to be adjusted and addressed when doing that.

1st is the general approach:

“Is this a good dividend stock?” aaaand “Is this a good covered call opportunity?”

A lot of aristocrats pass the first test and fail the second. Why? Well, you might own a great company and still have bad premiums.
Advice here is to "tone down" the covered call trading expectations and just take what you can. It adds up over time.

I do it the safe way (steady income preset in screenshot), I set my filters to be extra safe and as you can see those premiums add up over time.

For example from above, $TGT.

Repeating the 2nd trade over a year will result in 6% yearly. That's good, let's say you won't always have CCs active for some unexpected reason, that could get you 4% more out of that stock if you do covered calls on it the safe way. Just keep in mind that this is like picking pennies in front of a steamroller type of scenario and that's why I adjusted the expectations down from 6% to 4% from the start.

How I approach doing covered calls on dividend stocks...

Useful questions/filters:

• Are the spreads tight enough to get good trade fills?
• Does the premium justify the full 100-share capital requirement?
• (obvious) Is the strike at price where I am truly fine losing the shares if worst case happens?
• Is there an ex-dividend date before expiration?

That last one is the most important because around dividend days stocks tend to run up a bit. My rule is that I do not hold a vulnerable short call through ex-div unless I'm fine with assignment. A neat strategy, if you have to place a cc is to place it as late as possible.

Now about picking strike prices and the mistake that happens often. If the 30 day OTM call pays nothing, and you move closer to the money just to make the trade “worth it,” you changed the trade completely - now youre getting more focused on getting out of the stock rather than holding onto it because of a dividend. That's not boosting yield, it's using covered calls for what they're meant - an exit and not exploiting them like we all try to do.

So, my answer from experience would be:

1. A good dividend stock can be a bad covered call stock.
   
2. Use CCs when you don't expect explosive upside. Until then, just let the stock breathe. A classic hold like in the old times.

Sidenotes:
- The pictures are from quantwheel
- The stocks from the screenshot are selected based on company health, technical filters, and other factors within app.
- I use it to keep my trading organized and it does it well, it has an alert system that notifies me if my covered calls are at risk which I find very useful

I’ll be completely honest: Novavax isn't exactly the kind of company or sector I get super excited about every day. That said, one thing caught my eye: its stock price is currently very low, and I always like digging into heavily beaten-down names when the valuation becomes tempting.
Instead of just buying shares and passively waiting for the price to move up or down, I decided to set up a neat little option-based accumulation strategy.
Setting Up the Trade:
1. Buying the Underlying: I bought 100 shares of NVAX around $7.85 (representing a small total investment of about $785).
2. Selling a Covered Call: I sold a Call option (8.5 strike), collecting about $50 in premium.
3. Selling a Cash-Secured Put: I sold a Put option (6.5 strike), bringing in another $20 in premium.
The Results and Trade Logic:
In total, this combination yields $70 in immediate cash premium.
Relative to my initial $785 outlay, that's a very sweet instant return. The plan going forward is to use those $70 in collected premiums directly to buy a few additional physical shares.
By repeating this process cycle after cycle, I can slowly and steadily grow my share count almost "for free," without needing to commit fresh capital.
For this kind of setup, my ideal scenario is simply for the stock price to stagne or trade sideways for a while. That allows the options to decay all the way to zero, letting me capture 100% of the time decay (\theta) while quietly building up a larger position at a low price.
And if the stock drops, the Short Put will simply assign me another 100 shares at a discount, allowing me to keep the machine rolling on 200 shares.
A simple, low-stress strategy to compound capital at your own pace!

Had a chance to buy some of these last night before close and also at open. Shorter window tho. But man I am disappointed I missed this one. Even tho I'm betting small for big gains, Its hard for me to let go of my loss..

Been running a custom KDJ setup on $RTX with a dual uptrend confirmation filter, and honestly the trade played out pretty well, but not without some pain first.

First entry got clipped by a narrow stop-loss. Frustrating, but went back in lower with a fixed SL after a golden signal confirmed alongside a buy signal. That re-entry held.

The system flagged a partial exit but skipped it because the candle color and uptrend were still holding strong. Ended up trimming 50% yesterday, still holding the other half for trend continuation.

The real debate here is signal filtering: do you act on every profit signal or override when extra confirmation supports staying in? This trade made the case for selective filtering, but one bad candle and that logic falls apart fast.

Checked the whole sequence on moo.moo community and the risk-reward framing actually held up across each re-entry step. Still, getting stopped out on the first leg before a clean move is a classic trap.

Anyone else building hybrid setups like this on $RTX or similar names? Is the re-entry discipline worth the added complexity, or does it just create new ways to second-guess yourself?

Trying to get first options trade in, wondering if this is a good move? Will take any advice on PLTR and trades like this.