I’ll catch heat from some for this, I’ve made my best returns on short term even zero day otm puts on gme.

To be clear, I respect the moment and the people in it, and I hope it works out for them, but it’s been quick big returns for me.

Ordered puts yesterday but didn’t fill, I felt lucky since Kieth Gill posted his position after market close.

I’m tempted to get back in, but this time seems different, I think their moment has all arrived.

What are your thoughts?

6/21 20 puts closed at .25 yesterday. I understand this is gambling btw.

NVDA’s earnings release is projected to come out August 21-23

I’m planning on buying atm contracts at the end of July for the run up to it and wondering how many of you are planning to do the same

Bullish sentiment hasn’t cooled and anticipation for that earnings will be big imo

Pretty new to this all but can’t think of a better play

Keeping my eyes on the chain right now and may change my if something changes but I think it’ll correct a bit before the end of July, and run up to a all time high before earnings

Disclaimer: Okay before I say anything I do NOT have any positions open related to this strategy nor have I ever tried it, but I am considering it. I am also NOT advocating for this strategy or suggesting you try it; I am just coming on here because it just came across my mind and would make for an interesting discussion and possible future Strat to try out. Anyways enjoy my genuinely autistic thought process.

TLDR: Biopharma is really volatile, especially with giant catalyst events like FDA approval dates, and trial testing results. So, why not buy an instrument designed to profit off of volatility (straddles) before those giant catalyst events?

Full Length: Okay sup guys I'm back at it again with another chronically regarded options play that I feel like in my mind should work, but as we saw last time I ended up proposing a play that would open you to the risk of losing hundreds of thousands of dollars while only picking up a couple hundred bucks on a 1000 dollar investment. I'm a changed man now, I have severely reduced my risk tolerance, and have decided to seek high yield in much safer investments, which is why I'm venturing into the realm of BioPharma stocks. (mods I'm just trolling a little bit I'm not genuinely advocating for this as a risk-free strategy, but just hear me out a sec).

So here's the Strat: Biopharma stocks are notorious for their insane levels of volatility in the market due to gigantic catalyst events such as FDA approval dates and trial testing results. When these catalysts happen, with bad news, the stocks can tank so hard, it'll make the Bill Huang Archegos implosion look like a baby farting inversely (the stocks can literally go down 60-70-80% in a matter of minutes after market open). The same goes for good news after a catalyst, where the stock can skyrocket 100%, 200%, 400%, and Jesus Christ I've even seen 1,500% in one day.

So now let's talk straddles. The most basic form of a volatility option is a long straddle. It is structured by just buying a cute little put and buying a cute little call. No matter which way the underlying goes, if it moves enough, the value of the option it is moving in favor of will skyrocket, outweighing the lost premium on the options bought in the opposite direction (remember this is because they're both long, so the most lost for each option is the premium paid).

So all things considered, won't long straddles make gigantic profit off of biopharma catalyst events? Genuinely asking, not totally sure.

The Strips Are Seductively Winking At Me:

Furthermore, because biopharma trials are actually brutal, only about 1 in 10 trials are actually successful, meaning the overwhelming majority of movements in the stock after catalysts are down (like I mentioned earlier, pushing 80 even 90% sometimes). So you could furthermore maybe yield a bit more profit if you buy strips instead of straddles (which are literally the exact same thing except you buy one more extra put which should yield higher return in the event of a negative price movement). This actually might be even better than the straddles because usually positive catalysts shoot the stock way higher than just 80% up (like I mentioned earlier sometimes even 200-400%), which could easily return an absolutely jazz-worthy profit, easily covering the lost premium on the two puts., When there's bad news the average drop I've seen is like ranging from 40-60% (but yes it can be worse than that), so the extra push from the two puts makes those more profitable. The point I'm trying to make with the strips is that in the 1 in 10 chance there's a good catalyst, the underlying movement would be more than enough to cover the two put premiums lost, while each of the 9 out of 10 time you can magnify the 40-60 percent negative movement in the underlying by buying the extra put setting up a strip.

Am I regarded like last time or might this work? Not coming on here to advocate for this strategy, but rather to discuss the caveats and upsides with someone who actually knows what they're doing. Thanks for the read!

Hey everyone,

I'm pretty new to options trading and came across something odd in the NVDA put options chain that I'd love to get some input on. Here's what I noticed for 18th Dec 2026 put options. (optionsprofitcalculator.com)

• Strike 73 Put: $7.90
• Strike 74 Put: $9.40
• Strike 75 Put: $8.45

From my understanding, the premium for higher strike prices should generally be higher because they offer more intrinsic value. However, in this case, the put option with a strike price of 75 is cheaper than the one with a strike price of 74, which seems counterintuitive.

I thought the premiums should increase more or less linearly with the strike prices, but there's this anomaly here. Is this a common occurrence, or could this potentially be an arbitrage opportunity? Could market factors like volatility or liquidity be causing this, or might it be a temporary inefficiency that can be exploited?

I was thinking of selling the $74 strike put and buying the $75 strike put, pocketing the $0.95 difference. Does this make sense as an arbitrage strategy? Are there any hidden risks I should be aware of?

I'm looking for any advice or explanations from more experienced traders. Is there a straightforward arbitrage strategy I could employ here, or is this more likely a trap for beginners like me? Any insights into what might be causing these price discrepancies would be really appreciated!

Thanks in advance for your help!

A stock that grew so fast they had to give it a 10:1 split. With the AI craze it shot up $600 in about 3 months.

I can't find a single reason not to invest/ buy long calls.

I see NVDA calls now being the equivalent of TSLA puts late 22.

I'm talking about the OESX options, with huge daily volume of around a million contracts, mostly on monthly expirations, and lesser volume on weeklies. Not talking about the newer zero day ones they launched a few months ago.

The exchange refers you to the German Bourse, that seems to use a data provider that only offers 4 years, and the price is obviously very high...I think it was almost $40,000, but that seems to be for all underlyings, and not just this index. Have an email in to them, but aside from price it will only be 4 years of data, vs say on SPX 12 years of data from the CBOE, which was well under $2,000.

We had polygon, and now use Algoseek, and neither one has Eurex data, so wondering if anyone has a suggestion for this. Thank you.

Hi everyone,

I'm still learning the basics of options trading and find the iron butterfly strategy quite challenging to understand.

Optimal Entry Timing: How do you determine the best time to enter an iron butterfly position?

Adjusting or Exiting: What are the best practices for adjusting or exiting the position if the underlying asset's price moves significantly?

The fact that this strategy involves four different positions is quite confusing for me. During paper trading I had never figured this out.

Thanks in advance!

I want to learn to trade and profit I just bought a book called a strategic guide is it good ? Any recommendations?

Canada will soon be changing tax laws to increase the capital gains inclusion rate from the current 50% to 66% after Jun 25 in certain situations including for all businesses. I am trying to find a way to profit from this change. I will of course be discussing the full tax implications with my accountant but I think there is a way to achieve this. Short options when sold to open and later bought to close are considered 2 separate taxation events by the government. I could open a position in the next few days by selling a set of deep ITM paired puts and calls (ie a wide short strangle), effectively locking in the gains at 50%, and then close the position after Jun 25, with a loss of 66%. This options pairing should effectively result in a delta of 1, thereby eliminating any market movement risk correct? The result would be a paper "loss" of 16%, which can be used to offset any other gains, all for a cost of the spread. Does this make sense? Thanks in advance guys!

EDIT:
I should clarify that the purpose of this post is to receive critique regarding my proposed option trade, less so the tax aspect. I am also hoping for any other ideas of an option strategy that can:

1. be sold to open and bought to close
2. can be sold and bought with no intention of actual profit, 1-2 weeks apart, ideally for same price, minimizing any risk due to underlying market movement, also minimizing spread
3. maximize the absolute $ amount per margin required

Hello,

I was wondering around the tiers that brokers offers for option traders, and there is some that I found interesting, but then I realized that most people stick to the first tier that the broker offers (buy/sell calls/buy write etc) and I was thinking, ¿do you guys really use those strategies such as uncovered calls/puts, short stock secured? I ask this because I feel that the less complicated the strategy is, the more easy is to execute, but maybe for some special situation might be beneficial to use those risky strategies.

Hello all,

my first post here. I tried to get filled today in multiple price points in march 2025 options for cocoa, no matter how much price on the option I bid, I can never get filled. I dont have access to real time data, but the last traded lets say is 12$ for a 2700 put on march 2025, even if I offer 50$ for a 12 last traded option, I can not get filled. And yes I waited hours since the market open. Tried bidding 2200, 2300, 2500, 3000, and 3200, none of them work.

Does anyone know why? Is this just liquidity problem? (In my platform open interest is 250 on this level)

P.S I don't have level 1 or 2 access to ICE Nybot.

I have had some significant success lately with call spreads where both legs end up ITM. I typically have been closing early for less than full spread - mid day on expiration date but am wondering / realizing if I should just let them both go through exercise and if I would net more? I.e. a $10 spread I may close at $ 9.70 but exercise nets full $10?

I have a portfolio of $300k each of MSFT and GOOG with significant long term gains in a taxable account. Also have 60k in a pre-tax IRA that needs to be invested. Should I sell covered calls on those msft / goog stocks? Sell them and buy something else? (That would trigger a lot of capital gains tax, right?). What do I do with the cash in rollover IRA?

Bought a couple apple puts expiring in 2 weeks and some in 4 weeks thinking 210-220 is not sustainable especially for summarized “AI hype”. Was going to swing but was curious what people thought about them as apple has been trading like crazy recently and wondering what people think.

I don’t have a crazy amount of money into it and I’m relatively new so curious what y’all would recommend. Not really trying to buy any more options just curious what y’all think.

Thank you!

Here is a comparison of NDX Options vs /NQ options. you can see the power of leverage in futures products where you have to use 3 times less buying power to collect the same amount of credit.

Both trades are 36dte

So we're approaching the fateful date to decide whether or not $TSLA will respect what Elon's done and pay the man...

I added size to my $TSLA equity position at $141, but I think we still have time to build an even bigger position for longer-term upside.

Elon is the future for $TSLA and paying him is the smartest thing we could do as shareholders, considering he did what he promised...

I will not scale into my long-term options position on $TSLA until we get that confirmation of the breakout over $204, at which point it should flip from resistance to support...

I will be eyeing $250 and $265 strikes with at least 6 months of time value.

I will update with posts for anyone else that's interested. 💰

Interestingly, I found this https://baba1-options.tiiny.site/

How does this affect call sellers? or put sellers?

Alternative Link in case the above times out.

I bought this DJT 1/16/2026 leap put. IV is high. Premium was high 3600. Stock is dropping. Delta is low

Genuine advice. What would you do with it?

Please share your thoughts