Rolling TomLi

[Rolling TomLi @RollingTomLi]

I use @tastytrade with several accounts. Very easy to use and very low fees. imo the best US account for European investors and traders. Stocks, options, futures.
Open an account: https://t.co/6q0tueZ921
(don't forget the W-8)

[Rolling TomLi @RollingTomLi]

@StockOptions888 Signal

[Rolling TomLi @RollingTomLi]

Thanks @3Stocksaday for the idea 🙏

[Rolling TomLi @RollingTomLi]

@3Stocksaday $AAPL, can start selling calls against it and collect more shares with the premium

[Rolling TomLi @RollingTomLi]

$EBAY earnings run up swing into next month. Naked put selling and bullish call debit spread buying

[Rolling TomLi @RollingTomLi]

@3Stocksaday Thanks 🤩 Sold 2/3 my AMZN puts for 70% now, rest at SL above average

[Rolling TomLi @RollingTomLi]

@3Stocksaday But usually: selling is planned and not interesting, you got to look for buying

[Rolling TomLi @RollingTomLi]

Neutral to bearish $LULU call credit spread at major resistance level
More on my private account

[Rolling TomLi @RollingTomLi]

Bearish to neutral $NVDA call credit spread at the edge of the expected max move
Will do more on another account
Can be varied

[Rolling TomLi @RollingTomLi]

$COIN 84p expiration today, extrinsic value down to 0.02. Stock down 6$ below my ATM option.
Now I stick to puts and bought shares for the free 600,- BP

[Rolling TomLi @RollingTomLi]

$COIN 🤩🔥

[Rolling TomLi @RollingTomLi]

Got to love selling options…
COIN goes against you and you can still win on the day with high theta decay💰💰

[Rolling TomLi @RollingTomLi]

@EternalKingBT Would like to meet someone who stuck to it like this and can argue away the diamond hand

[Chris @itsCblast]

Join us at 9:30 AM EST on Friday for LIVE Trading with Bull Trades 🐂

Co-Hosts:
@CblastBT
@EternalKingBT

Speakers:
@Cedar_Options
@dcruzitm
@MakePlays10
@RollingTomLi
@Tyler_Invest
https://t.co/zFjOMFz9mL

[Rolling TomLi @RollingTomLi]

Now I learned that there are quite a few “special cash dividends” in these lists.
It seems I have to dig deeper and ignore them, as they turn out to be
no value added. “O contraire” you even have to tax the extracted value of your share price. And you have to wait a month to get your money back.

[Rolling TomLi @RollingTomLi]

Ok, now I talked to the broker regarding $LPG.
This was not a regular dividend, but a “special cash dividend”
Works this way that the stockprice and options price gets automatically reduced by the same amount. No added profit, so if I opened the deal with 100shares and a 20call yesterday, both drop by 1$ and I need to get out for at least 19$ and have to wait for the 100$ “special dividend”. Then I’m breakeven, no profit made…(fees lost)

But I’m still a bit in trouble, as I rolled in fear of assignment, the bid-ask spread on my December calls are so wide, I can’t get out properly atm. Might take a loss instead of waiting and letting it get assigned. Don’t want the money blocked until December.

And now we know why there is no-one called away early: no profit to be made…
Again something learned: “special dividends”
@Tony_BATtista

[Rolling TomLi @RollingTomLi]

@Diego_estratega @Tony_BATtista That’s what I did

[Rolling TomLi @RollingTomLi]

@Dawson26600204 Looks right. Interesting experiment so.
Tmw I will see more and will try to get out for profit. And then I will try a new one with more credit on the call, so it is worthwhile the trade even if I get called away

[Rolling TomLi @RollingTomLi]

You want to find out (for free) which stock is exDiv tmw and has what div:
https://t.co/IroN2BtCtn

[Rolling TomLi @RollingTomLi]

Rolled the $LPG Covered Calls for December expiration. Hope I won’t get called away, extrinsic value should be high enough.
For the try I have open 15/20/25calls
Still planning to close tmw, but will be interesting.
And I am curious how long it will take me to close the trade, as the spread on the calls is rather wide.
But with the dividend added I have some room to experiment

[Rolling TomLi @RollingTomLi]

Now I got concerned that they will execute the 15c tonight and I will loose the trick on this…
Not bad if I open the trade below the strike, but not as good above.
Got some 20c for 19.95, that won’t make me loose anything, but the 15c for 15.15 would make me loose 15$ plus fees.
Maybe should have taken higher strike and further dated calls with higher extrinsic value…
Will see and learn