absolutely, i was just telling sanlimar the same. the smartest way to play earnings is to ride the wave and cash out at 3:59pm.

Onestep's mentor. What could go wrong.

Embedded Tweet

https://vm.tiktok.com/ZMeR3Kvrw/

Okay......Sooooooo.....it doesn't look like the 3/19 $17.5 SWBI call option is going to be working out for me. Currently sitting at $17.70 with a $19.65 breakeven, I feel like cutting the cord rn with a $94 loss is the most prudent thing to do.

Do I do that by hitting the shiny green exercise button on my RH app?

$ ./net_week.py swbi

2020-03-11 open: 4.47 close: 6.78 percent: 51.68 change: 2.31

2020-03-18 open: 6.38 close: 6.2 percent: -2.82 change: -0.18

2020-03-25 open: 6.3 close: 6.38 percent: 1.27 change: 0.08

2020-04-01 open: 6.16 close: 5.49 percent: -10.88 change: -0.67

2020-04-08 open: 5.53 close: 6.21 percent: 12.3 change: 0.68

2020-04-15 open: 6.12 close: 6.88 percent: 12.42 change: 0.76

2020-04-22 open: 6.99 close: 7.43 percent: 6.29 change: 0.44

2020-04-29 open: 7.43 close: 7.14 percent: -3.9 change: -0.29

2020-05-06 open: 7.19 close: 7.52 percent: 4.59 change: 0.33

2020-05-13 open: 7.51 close: 7.86 percent: 4.66 change: 0.35

2020-05-20 open: 7.9 close: 8.12 percent: 2.78 change: 0.22

2020-05-27 open: 8.21 close: 11.52 percent: 40.32 change: 3.31

2020-06-03 open: 11.84 close: 12.94 percent: 9.29 change: 1.1

2020-06-10 open: 13.04 close: 14.1 percent: 8.13 change: 1.06

2020-06-17 open: 14.37 close: 14.22 percent: -1.04 change: -0.15

2020-06-24 open: 14.01 close: 16.54 percent: 18.06 change: 2.53

2020-07-01 open: 16.99 close: 16.83 percent: -0.94 change: -0.16

2020-07-08 open: 17.26 close: 16.63 percent: -3.65 change: -0.63

2020-07-15 open: 16.92 close: 17.62 percent: 4.14 change: 0.7

2020-07-22 open: 17.67 close: 18.49 percent: 4.64 change: 0.82

2020-07-29 open: 18.98 close: 19.8 percent: 4.32 change: 0.82

2020-08-05 open: 20.23 close: 19.21 percent: -5.04 change: -1.02

2020-08-12 open: 19.38 close: 18.48 percent: -4.64 change: -0.9

2020-08-19 open: 18.39 close: 17.27 percent: -6.09 change: -1.12

2020-08-26 open: 17.5 close: 21.11 percent: 20.63 change: 3.61

2020-09-02 open: 22.28 close: 17.35 percent: -22.13 change: -4.93

2020-09-09 open: 17.86 close: 16.49 percent: -7.67 change: -1.37

2020-09-16 open: 16.46 close: 16.19 percent: -1.64 change: -0.27

2020-09-23 open: 16.26 close: 15.4 percent: -5.29 change: -0.86

2020-09-30 open: 15.7 close: 16.99 percent: 8.22 change: 1.29

2020-10-07 open: 17.15 close: 16.62 percent: -3.09 change: -0.53

2020-10-14 open: 16.74 close: 17.16 percent: 2.51 change: 0.42

2020-10-21 open: 17.2 close: 16.96 percent: -1.4 change: -0.24

2020-10-28 open: 16.64 close: 17.58 percent: 5.65 change: 0.94

2020-11-04 open: 17.4 close: 16.06 percent: -7.7 change: -1.34

2020-11-11 open: 16.1 close: 16.31 percent: 1.3 change: 0.21

2020-11-18 open: 16.25 close: 15.25 percent: -6.15 change: -1.0

2020-11-25 open: 15.2 close: 15.72 percent: 3.42 change: 0.52

2020-12-02 open: 15.64 close: 15.48 percent: -1.02 change: -0.16

2020-12-09 open: 15.48 close: 17.23 percent: 11.3 change: 1.75

2020-12-16 open: 17.07 close: 18.04 percent: 5.68 change: 0.97

2020-12-23 open: 18.12 close: 17.13 percent: -5.46 change: -0.99

2020-12-30 open: 17.03 close: 19.02 percent: 11.69 change: 1.99

2021-01-06 open: 19.49 close: 20.69 percent: 6.16 change: 1.2

2021-01-13 open: 20.99 close: 20.77 percent: -1.05 change: -0.22

2021-01-20 open: 20.33 close: 17.19 percent: -15.45 change: -3.14

2021-01-27 open: 16.74 close: 16.77 percent: 0.18 change: 0.03

2021-02-03 open: 16.83 close: 18.41 percent: 9.39 change: 1.58

2021-02-10 open: 18.72 close: 18.78 percent: 0.32 change: 0.06

2021-02-17 open: 18.84 close: 17.77 percent: -5.68 change: -1.07

2021-02-24 open: 18.03 close: 17.21 percent: -4.55 change: -0.82

2021-03-01 open: 17.49 close: 17.94 percent: 2.57 change: 0.45

### pos / neg ###

pos: 29

neg: 23

### average win/loss amount ###

+ 1.0527586206896553

- -0.9591304347826086

### average win/loss percent ###

+ 9.445172413793102

- 5.533913043478262


so youre about 3 weeks out... average green week is $1... market _appears_ to be recovering from the last dip which works in your favor... i dont know, i dont think this is a terrible spot for you. but yeah this is the classic cross you end up on when you go OTM on options.

Am I doing it right? Lol

reallllllly hard market to bet on right now, dont get discouraged. a lot and i mean a lot of people are blowing up accounts.

I've come to terms that the POWW options are gonna go up in smoke, however these SWBI options are making a resurgence.

Currently at $19.19 with a break even at $19.65 and we got till Friday.

Ok. 1 day before expiration and were ITM. Would you let the options to till end of close on Friday or would you exercise now? sonatine

Happy Options Expiration Day Onestep

This is a bit of a tangent, but I somehow managed to lose about $10k this summer trading options, during a market where it would have been literally impossible to lose just straight stock trading. I will say they really get you good by making you wait 3 days to use funds when you sell a stock but release option $$ the next day, which for an action junkie like me made options a lot more attractive.

youre in extremely good company.

2 pieces of advice that may or may not resonate with you but definitely stemmed a lot of blood loss for me:

1) avoid weeklies unless youre scalping (always buy time)

2) focus on spreads instead of single leg contracts

its become very en vogue lately to sell intraweek spy puts at like 5-7% profit per. there was a few viral videos of tiktok aged wunderkin who had made 50k from $500 by doing this.

two things need to be pointed out here; they did so during a 6 month or so stretch when the market never really dipped, and they call this 'snatching quarters from in front of a steam roller' because its one of those 'totally works until it doesnt and then youre fucking broke' plays.

Got fucked with POWW, as expected. SWBI I sold early and recouped $250 of my $430 investment. Oh well.


I still have POWW 7/16 $12.5c options currently doing as well as an alcoholic at an open bar but we got time for that to rebound