If you are holding shares you can still play Opex by selling ITM CC at the peak. Very little risk compared to buying calls before opex, and still potential to take profits.
I bought 27.5 Jan 23 calls in case the run begins this week due to the ETF FTDs. If it doesn’t happen, I’ll average down 10/21 in expectation of an opex run the following week. Once I see IV spiking and the run beginning is when I’ll load the boat with 32-35 Nov 4 calls to capitalize on the VUPS!
Yes sir things have been a little weird lately with gme so I’m paying for some time and scaling into Jan calls near the money. If we get to November with nothing then maybe I’ll start buying feb or March I guess
Sounds like a smart strategy. Keep in mind that ETF FTDs started on October 6th. That means two full days of ETF FTDs have already gone and the share price has gone down, not up. This means that the chances of share price going up next week due to ETF FTDs is unlikely.
Is it expected? No. Could it happen? Fo sho. It's always good to have some exposure to OPEX. Mind you that doesn't necessarily have to mean long calls, simply holding off on CCs and having the shares ready to capitalize with CCs near the peak is great too. But one good OPEX run can fund the next 10 so as long as you keep your exposure within reason and manage risk appropriately the risk:reward ratio on OPEX is very attractive.
Yes. But I think everyone's definition of "VUP" needs to change. When you have an options contract up 20-30% the play was a success. "Buy & Hodl" has conditioned many people to wait for their options to go up 100-200% before they want to sell, which burns everyone because they didn't want to secure 20% gains. Temper expectations, define your own risk, enter a position before it runs, not after.
Might buy a few 1:5 leveraged CFD’s at close of Friday 21st / Monday 24th depending on next week’s price movements. Hoping for a little 15-25% move for opex. Will be interesting to see some price improvements this week due to ETF FTD’s and XRT RegSho closure, but I think if the CPI report on Thursday is against expectations then the market will take another big shit. Will be buying SQQQ CFD’s to capture some downside if that’s the case.
Keep in mind that ETF FTDs started on October 6th. That means two full days of ETF FTDs have already gone and the share price has gone down, not up. This means that the chances of share price going up next week due to ETF FTDs is unlikely.
Who knows if it will happen. I take a small portion of cc income and put it into leaps if we have an nopex confirmed. This way I always have exposure to the opex cycles. I started this in august so not like leaps were that expensive. And averaging down my 30s seems okay because I’m not that otm. If nopex I’ll average down again. If opex I’ll sell/set stops when I’m in profit. I’m okay with losing this amount though. This is all the risk I’m taking with opexes.
This is my last opex with my little pickle jar of "options money" so I hope so. Got my GME last week durring a dip. I have to much commonsense for this outside my budget. I already made my stupid financial decisions in my 20s with multiple rounds of college that I just paid off before biden became president........so based on my unlucky timing you all are going to have a wonderful November opex. Lol.
The set up is perfect for this week. ATLs for volume. ETFs never rebalanced as far as we can tell. Middle of November is where the massive pendent ends. Less people are expecting much this week. Gherk isn’t bullish, makes me bullish.
I might play it depending on market conditions (are we at the bottom of a resistance point/not at the top of a bear rally) and if $GME is below it’s current prices. If neither are true, I will stay out. I will only play Jan ‘23 options so I have enough theta to get out relatively unharmed.
[удалено]
Should we just post "first time " meme? Been burned this whole year!!
I don’t have anymore money to burn. Sad lol.
Fr im legit almost bankrupt from nopexs
the comments in here are fucking pathetic.
I'm probably sitting this one out after being burnt the past three times I've played opex. So yeah we're gonna fucking moass this time
Me too.
If you are holding shares you can still play Opex by selling ITM CC at the peak. Very little risk compared to buying calls before opex, and still potential to take profits.
Same
I’m expecting a run.
I bought 27.5 Jan 23 calls in case the run begins this week due to the ETF FTDs. If it doesn’t happen, I’ll average down 10/21 in expectation of an opex run the following week. Once I see IV spiking and the run beginning is when I’ll load the boat with 32-35 Nov 4 calls to capitalize on the VUPS!
aN opex RUN occurs the week after your expiry if its gonna occur though ....
LFG!
Yes sir things have been a little weird lately with gme so I’m paying for some time and scaling into Jan calls near the money. If we get to November with nothing then maybe I’ll start buying feb or March I guess
Sounds like a smart strategy. Keep in mind that ETF FTDs started on October 6th. That means two full days of ETF FTDs have already gone and the share price has gone down, not up. This means that the chances of share price going up next week due to ETF FTDs is unlikely.
Why you think this opex will be a run and not a nopex?
Curious to know what delta you typically sell your CCs at?
Is it expected? No. Could it happen? Fo sho. It's always good to have some exposure to OPEX. Mind you that doesn't necessarily have to mean long calls, simply holding off on CCs and having the shares ready to capitalize with CCs near the peak is great too. But one good OPEX run can fund the next 10 so as long as you keep your exposure within reason and manage risk appropriately the risk:reward ratio on OPEX is very attractive.
The CCs near the peak, what strike price and expiry date do you recommend? ITM strike price and the nearest expiry date?
Yes. But I think everyone's definition of "VUP" needs to change. When you have an options contract up 20-30% the play was a success. "Buy & Hodl" has conditioned many people to wait for their options to go up 100-200% before they want to sell, which burns everyone because they didn't want to secure 20% gains. Temper expectations, define your own risk, enter a position before it runs, not after.
Horseshit, give 100% gains with zero risk on all my investments or give me death.
👆🏼 bingo
Might buy a few 1:5 leveraged CFD’s at close of Friday 21st / Monday 24th depending on next week’s price movements. Hoping for a little 15-25% move for opex. Will be interesting to see some price improvements this week due to ETF FTD’s and XRT RegSho closure, but I think if the CPI report on Thursday is against expectations then the market will take another big shit. Will be buying SQQQ CFD’s to capture some downside if that’s the case.
Keep in mind that ETF FTDs started on October 6th. That means two full days of ETF FTDs have already gone and the share price has gone down, not up. This means that the chances of share price going up next week due to ETF FTDs is unlikely.
Gherk will never say opex cycles are no more because you all buy his CCs
Lololol
Yeah and opex is always gonna happen in the last 30 minutes of trading on the 4th day
I will buy limited exposure coupled with half my call position worth of puts and manage a larger run with a limited # of weeklies.
One successful run is good enough to cover the other unsuccessful ones
Who knows if it will happen. I take a small portion of cc income and put it into leaps if we have an nopex confirmed. This way I always have exposure to the opex cycles. I started this in august so not like leaps were that expensive. And averaging down my 30s seems okay because I’m not that otm. If nopex I’ll average down again. If opex I’ll sell/set stops when I’m in profit. I’m okay with losing this amount though. This is all the risk I’m taking with opexes.
This is my last opex with my little pickle jar of "options money" so I hope so. Got my GME last week durring a dip. I have to much commonsense for this outside my budget. I already made my stupid financial decisions in my 20s with multiple rounds of college that I just paid off before biden became president........so based on my unlucky timing you all are going to have a wonderful November opex. Lol.
The set up is perfect for this week. ATLs for volume. ETFs never rebalanced as far as we can tell. Middle of November is where the massive pendent ends. Less people are expecting much this week. Gherk isn’t bullish, makes me bullish.
So if you were me, you would buy back my Oct 14 33 CCs?
When the majority thinks it won't happen, it'll happen
¯_(ツ)_/¯
How do you guys play it, buy one or few calls? Is it worth buying a call and as put?
Call is same like put
I’m expecting tomorrow to be Monday
Buy the dip and never miss an opex lols
Another NOPEX. 😂
Lol no
Always tomorrow....
I might play it depending on market conditions (are we at the bottom of a resistance point/not at the top of a bear rally) and if $GME is below it’s current prices. If neither are true, I will stay out. I will only play Jan ‘23 options so I have enough theta to get out relatively unharmed.
Make sure to post your loss porn to WSB after the 100th NOPEX 🤣