r/thetagang • u/MostlyH2O • 6h ago
r/thetagang • u/Enough-Beginning3687 • 16h ago
So the thing I dreaded before I started this has now happened. Every single high risk AI stock that I was running puts on has crashed significantly below the put price. I got my 4th assignment - DRAM at 59. The DRAM was my own doing and not from the AI list. To prevent more assignment, I'm rolling as much as I can today to prevent more assignments.
The drawdown is extreme. Since this was a retirement spending simulation, I guess, this would be a budget week because the premiums what I'm using to simulate income is much lower than the target 1%.
I havent even bothered with the screening this week because everything is a roll. If I had more dry powder, would be selling more puts on everything. Last week's post for more details on strategy etc. - https://www.reddit.com/r/thetagang/s/uAlztIsjKG
Trades:
Trades include a 1:2 AXT roll I did on Tuesday to avoid AXT assignment.
| Symbol | Action Details | Premium Collected (Net Credit) | Cash Occupied |
|---|---|---|---|
| AAOI | BTC 2x Oct 16 98 P, STO 2x Oct 23 98 P | $108.04 | $19,600.00 |
| APLD | BTC 2x Oct 16 21 P, STO 2x Oct 23 21 P | $38.12 | $4,200.00 |
| AXTI | Rolled 1:2 puts forward ($72 to $67) | $262.63 | $13,400.00 |
| DRAM | STO 2x Oct 23 59 Calls | $13.48 | $11,800.00 |
| LQDA | Holding position | $0.00 | $5,800.00 |
| NBIS | BTC 2x Oct 16 222.5 P, STO 2x Oct 23 222.5 P | $47.90 | $44,500.00 |
| SLV | BTC 1x Oct 16 65.5 C, STO 1x Oct 30 66 C | $2.80 | $6,550.00 |
| TOTAL | — | $472.97 | $105,850.00 |
Total Returns
| Total Premium | $29,502.00 |
|---|---|
| Current drawdown | -$16,540.00 |
| Gain/Loss from Assignment | -$7,070.00 |
| Total gains | $5,892.00 |
| Annualized (Calc1 using average invested) | 11.68% |
| Annualized (Calc2 using max invested) | 8.18% |
History
| Week | Capital Invested | Premium Made | Return % | Notes | |
|---|---|---|---|---|---|
| 3/6 | Week 1 | $0.00 | $0.00 | 0.00% | |
| 3/13 | Week 2 | $13,100.00 | $131.00 | 1.00% | |
| 3/20 | Week 3 | $19,850.00 | $203.00 | 1.02% | |
| 3/27 | Week 4 | $41,500.00 | $596.00 | 1.44% | |
| 4/3 | Week 5 | $34,150.00 | $353.00 | 1.03% | |
| 4/10 | Week 6 | $43,350.00 | $462.00 | 1.07% | |
| 4/17 | Week 7 | $53,800.00 | $573.00 | 1.07% | |
| 4/24 | Week 8 | $70,400.00 | $811.00 | 1.15% | |
| 5/1 | Week 9 | $103,450.00 | $1,093.00 | 1.06% | |
| 5/8 | Week 10 | $97,400.00 | $1,040.00 | 1.07% | |
| 5/15 | Week 11 | $102,800.00 | $1,077.00 | 1.05% | |
| 5/22 | Week 12 | $98,600.00 | $1,170.00 | 1.19% | |
| Week 12.5 | $106,100.00 | $475.00 | 0.45% | Bonus round | |
| 5/29 | Week 13 | $106,100.00 | $1,133.00 | 1.07% | |
| Week 13.5 | $115,900.00 | $336.00 | 0.29% | Bonus round | |
| 6/5 | Week 14 | $105,750.00 | $1,053.00 | 1.00% | |
| 6/12 | Week 15 | $110,700.00 | $1,146.00 | 1.04% | |
| 6/19 | Week 16 | $111,850.00 | $1,105.00 | 0.99% | |
| 6/26 | Week 17 | $108,350.00 | $1,045.00 | 0.96% | Got SLV 65.5 assigned |
| 7/3 | Week 18 | $111,550.00 | $1,126.00 | 1.01% | |
| 7/10 | Week 19 | $102,850.00 | $1,111.00 | 1.08% | |
| Week 19 Bonus | $108,550.00 | $98.00 | 0.09% | APLD 1:3 to avoid assignment | |
| 7/17 | Week 20 | $104,350.00 | $842.00 | 0.81% | |
| 7/24 | Week 21 | $111,500.00 | $1,148.00 | 1.03% | RKLB 2:3 to reduce strike |
| 7/31 | Week 22 | $105,660.00 | $1,021.00 | 0.97% | |
| Week 22 bonus | $99,960.00 | $7.00 | 0.01% | ASTS 2:1 to reduce exposure | |
| 8/7 | Week 23 | $104,850.00 | $1,052.00 | 1.00% | |
| 8/14 | Week 24 | $95,850.00 | $954.00 | 1.00% | |
| 8/21 | Week 25 | $99,300.00 | $997.00 | 1.00% | RKLB 2:3 and NBIS 1:2 |
| 8/28 | Week 26 | $102,500.00 | $978.00 | 0.95% | |
| 9/4 | Week 27 | $104,800.00 | $897.00 | 0.86% | |
| 9/11 | Week 28 | $102,700.00 | $1,017.00 | 0.99% | |
| 9/18 | Week 29 | $101,150.00 | $1,110.00 | 1.10% | |
| 9/25 | Week 30 | $107,700.00 | $1,093.00 | 1.01% | LQDA 58 assigned |
| 10/2 | Week 31 | $105,850.00 | $1,138.00 | 1.08% | IREN 40 assigned |
| 10/9 | Week 32 | $103,650.00 | $746.00 | 0.72% | |
| 10/15 | Week 33 (partial) | $109,850.00 | $473.00 | 0.43% | Still Partial Total. DRAM 59x2 assigned |
r/thetagang • u/satireplusplus • 4h ago
Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.
r/thetagang • u/KarmicTractor • 10h ago
Twenty years ago:
The Naz was roughly 2,357 on Friday, October 13, 2006, the last trading day before the date 20 years back.
The Nasdaq Composite closed around 5,214 on October 14, 2016, which was the closest trading day ten years ago.
Five years ago, on October 15, 2021, it closed around 15,022, so it nearly tripled in that stretch.
Today, 26713.
When there is an ever increasing supply of something and that something loses value over time… and there is an incredibly liquid market to access the frontier of innovation, value and wealth creation that is largely open to all, where are people going to put their ever more abundant electronic assets.
If you just bought to index and did nothing, your 20K is worth somewhere around 230k twenty years later.
If you were clever or lucky you did much better.
Chance favors the prepared mind.
Twenty years ago, gas was $2.20 a gallon. Now, at the potential worst part of this war, the average is $4.33. It has doubled vs 11X for the Naz.
Just chill. You are going to be fine if you don’t lose your shit.
r/thetagang • u/jayyliss • 16h ago
got $410 credit for 135p exp in 28 days
.26 delta
will prob close at 50%+
and willing to get assigned 🤷♂️
