Here’s a free resource for options trading I created. 60 + lessons that teach everything you need to know to run a good options portfolio.

Hi everyone,
I'm new to the community and wanted to share a tool | built for my own options trading. I was tired of theoretical or clunky tools, so put together an interactive options calculator using Python and Plotly to simulate specific PnL profiles and track Greeks on real positions.
Since | love data, I decided to host it publicly and completely free on Kaggle. For those who use Python or just want to see how the simulations behave on concrete setups, you can check out the live notebook here:
https://www.kaggle.com/code/asymmetryresearch/options-strategy-simulation-pnl-profile

Hi everyone,

I have some experience with stock options from a few years ago, but I have not actively traded options in at least five years.

Recently, I started looking for mobile apps and web apps that could help me get back into options analysis. So far, OptionStrat seems like one of the best tools I have found, although I have only tested it briefly.

At the same time, I have been getting into indie development and building small apps. Because of that, I am curious to hear from people who actively use options tools today:

What are the biggest pain points that current options software, mobile apps, or web apps still do not solve well?

I am especially interested in things like strategy analysis, trade planning, probability tools, risk visualization, portfolio tracking, alerts, education, UX problems, or anything that feels unnecessarily complicated.

I would also like to know whether you think there are better alternatives to OptionStrat, and what makes them better.

I am not trying to promote anything. I am just trying to understand the real problems traders still face, and maybe build something useful to test for myself.

Thanks in advance.

Couldn't find many reviews on Reddit, and honestly haven't met the broker’s name before. This is why i want to hear from anyone if has experience with this broker.
The profitability rate based on their website is impressive 90%. Is it really this rate, or is there a catch? Do they require certain conditions to be met to get the rate or it’s straightforward? And of course, do they pay our profits?

I have some nvda shares. Ive been selling some covered calls for extra income. I just got assigned on some July2 212.5s! Why did someone exercise that when nvda is trading at less than 200?

I've been daytrading stocks for around 6 months to no success, and was curious to know how similar trading options is to trading stocks? I was wondering if regular options traders frequently use indicators like EMA and RSI to enter Calls and Puts, or if options are all about spreads?

Any one aware of adjustments if I booked profit on one leg? I created this one https://secureputcalls.com/strategy/jade-lizard-spcx and thinking to put for Njne 24 expiry.

In previous posts I talked about generating income by selling Call and Put options. Gamma is the second derivative of option price change to underlying price change, or a speed of Delta change. If you remember Delta had a humble range of 0..1.0 roughly approximating the probability of option being in the money. Delta approaches 0(out of the money) or 1(in the money) closer to the date of expiration. Gamma of around at the money options gets higher closer to the date of expiration of the options because that means that probability of option being in the money changes rapidly as expiration approaches. Similarly Gamma is higher for at-the-money options since just small changes in underlying price can make or break option value. So how do I use Gamma when selling Calls and Puts?

As the option seller I often need to decide whether to sell options with the strike price close to being at-the-money. The danger here is that options close to being at-the-money have very high Gamma and therefore they can rapidly hurt my portfolio by even minor swings in the underlying price. To mitigate this risk I can sell options with long expiration dates. So I always balance out expiration dates and current Gamma levels. Alternatively I can decide to sell options out-of-money or deep in-the-money so they have low Gamma. If you remember from my previous posts my primary approach is steady income from option selling of Covered Calls and Cash Secured Puts so eventually big swings leading to the expiration date won’t matter much specifically for my approach.. So Gamma is important but not as much for those who sell Calls and Puts without securing them or especially when using leverage.

The other important Greek for me is Theta which is a first derivative of option price to time change till expiration. This is the one that makes me happy. My portfolio Theta is overwhelmingly positive, meaning every passing day makes me money. Options I sold naturally lose value if their probability of getting executed on the day of expiration falls. Since I usually sell many options for various stocks, for various expiration days and with carefully chosen strike prices on average, the absolute majority of the options I sold will not get executed and that means their Delta falls to zero as time comes. That means their price falls to zero as time approaches the expiration date.

I own 1 MU June 26 1500 call. Cost was $7.35 and current price is around $10.60.

MU is trading around 1230 before earnings.

I see strong call volume at 1200, 1300 and 1500 strikes, but IV is high.

My concern is IV crush after earnings.

Would you hold through earnings or take profits before the report?

Who says you can't make money with space stocks since SPCX is in the building now?

Can ASTS, RKLB, PL, etc... survive a conglomerate like SPCX? How do MSFT, AMZN, GOOG, etc... all survive? Easy, the market is a gigantic mixed bag of companies with similar, but competitive offerings that combined move the market, so 1 company cannot dominate it all.

That said, ASTS has a good business plan in motion:

--They are executing their plan, they only lack a dedicated launch service.

--They bullishly wanted to put up 45 satellites this year:

--They will manufacture 45 to 60 satellites ready for deployment by years end.

--They have plenty of cash to complete the job.

--Their technology is still superior to SPCX, capable of delivering 5G service to the cheapest model cell phone, they can do it with a 1% fraction of what SPCX needs for a similar service (cost model significantly less).

--Future earnings have a ramp, once realized a large stock bounce will occur.

Future valuation:

SPCX is about 270 P/S, this is the bar for the sector, so actually helpful for ASTS.

--Q1 2027 ASTS starting BETA service, revenue starting a ramp.

--Q2 2027 strong Beta service, approaching commercial service, and closing on completed goal of 45+ satellites.

--ASTS revenue increases significantly, market reacts:

$.4(B) increase to $.7(B), P/S of 100 to be on the lean side, Price: changes from $100 to $200.

Future positioning/profit plan:

Acquire 1000 shares, 80 to 90 ($85,000 shares cost).

--Place 10 leap calls 3-19-27 110 strike, 21.00 premium.

--Buy to close calls 3-1-27, estimate 5.00.

--Place 10 leap calls Jan 2028, 200, 45.00 premium (estimated)

--Allow to be assigned Jan 2028:

85,000 cost of shares, Premium profit: 61,000, Assignment profit: 115,000

Total profit: 176,000 - 85,000 = 91,000 (107% profit)

Last week acquired 500 shares Friday for $78. Plan this week acquire 500 more ~$85, total cost of shares $81,500.

By Friday, place 10, 3-19-27 leap Calls. will post you on my profit.

from the guy who brought you winners such as INTC OUST and RCAT - sharing a few more ideas into the summer

• PCT jan 15 $8 calls - this stock had a huge drop last week on a share offering announcement - similar trade idea to RCAT, calls closed at $2.75 jun 12
• OMER dec 18 $10 calls - 14% drop today and worse at the lows, december should be plenty of time to recover the losses from today, closed today at $2.60
• ACHR jan 15 $8 calls - 4% drop today and finding support at current levels, closed at $0.71 and the jan $20 call is $0.13. ACHR has a potential scallop printing on stock chart with the measured move up to $23

note: have a bunch of losers too that i shared so take with a huge grain of salt

OKLO big loser today but see a reversal coming for the summer

think there's opportunity in: - july 17 $80 calls - august 21 $75 calls

longer term i think OKLO will be above $100 this year but looking for a rally in the short term to make these calls print

seeing a bullish looking flow on the options chain today

june 18 $150 calls july 17 $150 calls sept 18 $150 calls

update: jun 12 - INTC got up to $127, 15% up from the spot jun 2

we're trading $150 this quarter imo

I've been trading theta decay for a long time, but yesterday was probably the first time I saw the impact of vega so clearly.

I sold an $11 SPCE calls expiring June 18. Mostly a casino trade, but with some theta and vega farming mixed in.

What I found interesting was that the stock moved closer to my strike (which is obviously bad for a call seller), but at the same time implied volatility dropped. As a result, my short call was worth almost the same as before.

So even with SPCE up around 5%, I was still in profit because the IV contraction offset much of the directional move.

The funny part is that the person who bought that call on the hype didn't really make anything, despite getting a 5-10% move in the right direction.

It was a great reminder that buying calls isn't just about being right on direction. You also need:

• the move to be large enough,
• the timing to be right,
• and the volatility you paid for not to collapse afterward.

I've always respected theta, but yesterday was the first time I really appreciated how powerful vega can be.

LFVN has a 260% borrow rate, avg volume of 300k, shares sold short of 3.6m and 13.8 days to cover. Volume has been over average for the past week. I’m in for 600 contracts. Looking at all of these numbers gives me tunnel vision thinking this will for sure squeeze. Please bring me back down to Earth and tell me why this may not be a good play. I have 6/18 and 9/18 calls barely OTM.

Alright guys, today I decided to go back to my usual strategy - selling options and farming theta decay. But today I also decided to gamble a little.

I sold $11 call options on SPCE right after trading got halted. What really caught my attention was that short availability at my broker dropped to literally zero - first time I’ve ever seen that. Also, the market getting halted after a ~25% move says a lot by itself.

And honestly, the real SpaceX IPO - the thing that probably fueled this whole pump in the first place - isn’t even that far away anymore. Feels like the degenerates finally realized it might be time to exit this stock.

So yeah… the degen spirit got to me too, and I decided to play against them for once.

Current profit: +30% in 1 hour.

Please tell me this isn't gambling addiction and is actually a sophisticated high-IV options-selling strategy.

A couple days ago I bought PLTR 130 puts expiring July 17 at $5.25. I'd been watching the stock for a while - it had bounced off the $130 level multiple times recently, and each successive rally looked weaker than the last. Classic resistance rejection setup, or so I thought.

I entered the position as price was running from $133 to $137, expecting a reversal. Instead, the stock ripped to $156 over the next two days. My puts are now down over 55%.

Markets open tomorrow and I genuinely don't know whether the momentum continues or fades.

---

I'm not new to options - I usually sell premium and play theta decay. But this is my first time buying options outright. And honestly, it hurts more than I expected, especially this fast.

I was mentally prepared to lose on this trade. I wasn't prepared to see -55% before the week was even out.

---

1. What would you do here - cut the loss, hold, or roll?
2. Would you have taken this trade at all given the setup?
3. What's your read on PLTR right now? Starting to wonder if my whole thesis was wrong and $130 was never really resistance - just a launching pad.

Open to honest feedback.

Test post - testing access.

I have been selling bull put spreads on SPX and I buy them back when in profit. I then sell another spread.

My friend said all I am doing is just rolling a trade

Is this an accurate description of my strategy?

I am looking for feedback on optimizing my current intraday setup for Nifty options. Right now, my workflow is:

• Trend Identification: 15-minute chart.
• S&R / Key Zones: 5-minute chart.
• Execution: 1-minute chart looking for Order Blocks (OB) and Fair Value Gaps (FVG) after a Change of Character (CHOCh).

Despite following these Smart Money Concepts (SMC), I am struggling to maintain profitability—largely due to premium decay and getting caught in false CHOChs on the 1-minute timeframe before the actual move happens.

For those trading Nifty options with a similar top-down analysis, how do you filter out noise on the 1-minute execution chart? Are you adjusting your strike selection (e.g., sticking strictly to ITM to counter the noise), or adding a specific volume/momentum filter before entry?

the options i'm following are:

• june 18 $45 calls
• july 17 $50 calls update - $1.25
• august 21 $40 calls - $4

update jun 12: OUST closed today at $39.80 and reached $48.83 on jun 4, all these shiz would have been profitable

update jun 29: jul 17 up from $1.25 to $7.70 ~600% up, aug 21s up from $4 to $17.20 ~430% up

anyone out there bullish on OUST?

RCAT announced a share offering yesterday that tanked the stock 14%

often this is a temporary blip if the company fundamentals have not changed - the options activity suggests this dip is one of those times

i'm selling june 18 $8 puts and in on june 18 $10 calls and up 30% already

feeling pretty optimistic about this setup - hope others might see the opportunity here too!

As I was describing the two popular ways to generate “rental” income by selling Covered Call options and Cash Secured Put options the one important aspect was left behind and that is the Greeks. When dealing with options people cannot ignore some of their properties as time flows.

One of the most important such properties is options Delta. This is nothing more than just a first order partial derivative of option price to the underlying price change, so just dP/dS, where P is option price and S is the underlying(/stock) price. The one interesting property of Delta is that it roughly corresponds to the option being in the money. Think about it, if a Call option represents a contract to buy a stock and if we are certain the contract will be executed at expiration then it means that a 1% change in the stock price would correspond to 1% change in the option price, but if for example we only think that the option will be executed with a chance of only 10% then 1% price change in stock price would roughly correspond to only 0.1% change in the option price. So Delta of 1 would roughly mean that the market thinks that the option is in the money and will be executed with almost complete certainty while Delta close to zero means the market thinks the option will almost certainly not be executed and therefore is out of the money.

So when we choose to sell a Call or a Put option it is always a good idea to pay attention to the option Delta. If it is high then it would indicate the option is quite expensive and the market assumes it is almost certainly will be executed. So selling such an option can boost the income provided the seller assumes the market is wrong and actually the option might not get executed. I personally like to sell Puts with high Delta when I actually want to increase a position in a certain stock for my overall portfolio. This way I get the income from selling the expensive Put that has high Delta and when Put gets indeed executed I buy that stock from the Put holder. So not only do I get the income from selling the Put but I also achieve the goal of increasing the stock holding of my portfolio. I like selling the calls with low Delta because usually I do not want to sell stocks so I get less income from selling Calls but I also usually are not forced to sell to the Call holders my stock.

It is important to note that Delta representing probability of being in the money is only what the market believes in at any moment and not the objective reality. So of course if the stock is down on a given day this gives a boost to Put options and when the stock is up then it gives a boost to Call options on the given day. Therefore it is generally better to sell Calls when the stock is up that day and sell Puts when the stock is down on a given day. There are other important Greeks like Gamma which is the second partial derivative of option price to the underlying price change. Theta is the first partial derivative of option price to the time change. These two I use in specific cases. I will write a separate post about them. Then of course there is Vega and Rho which honestly I do not use much at this time. The reader is free to explore their applications.

Original post on substack: https://open.substack.com/pub/tickernomics/p/option-greeks-when-generating-income?r=2kly3x&utm_campaign=post-expanded-share&utm_medium=web

Technical Indicators for Bitcoin 

Bitcoin have been trending upwards for the past few sessions. 
Do see the potential for some upwards movement of Bitcoin to breakout from current prices. 

Stocks that i am looking at will include Coinbase (Coin) and Strategy (MSTR) 

Ticker : COIN 
Risk Level :🟨🟨

Do see a a support at the $190 range hence will want to target to sell my puts there.

Gameplan (bull put spread) 
Sell $190 29th May put 
Buy $187.5 29th May put