Stock Crew 2023: “The trick is to stop thinking if it as “your” money” ~New IRS agent,2023 🗽💸

taqman15

Well-Known Member
May 2, 2002
49,596
san francisco

uN2IIk.gif
 
  • Like
Reactions: jaspirr
Dec 31, 2008
12,169
Almost a full year since I started buying SPY regularly and it hasn't really moved. At least the shares will be long if I do sell them for something else.
 
  • Like
Reactions: 993kgt

{hydro}

OT Supporter
Aug 1, 2005
27,609
Upstate CA
I wouldnt mind selling some SPY 400+ calls but I don't have $40k in cash lying around :o
Make it a spread

I’ve been doing it with SPX lately.

I have like 10 different stocks with short call or put spread and the vol just doesn’t contract like the indices. Even when the trades are going my way it’s been flat as fuck so I gave up with the individual names unless it’s selling strictly calls or puts.
 
  • Like
Reactions: stevezissou
Dec 31, 2008
12,169
You can request trading upgrade on the trade ticket, click top right where it shows your options level, then fill out the form

If you did the PDF method, I've found the web method gets quicker response
I use Fidelity so I couldn't find anything like that. I did go clicking around a bit and found something about margin access and figured I might just need to turn that on to access options trading. So I did that and it said something about my cost basis might be messed up for a couple days. It's showing shit about margin on my account now but I still don't think I can trade options.
 
  • Like
Reactions: 993kgt
Dec 31, 2008
12,169
All I really want is to be able to sell covered calls and buy calls. Maybe a put here and there. The account value is pretty significant after feeding it these past couple years but I'm a long way from lambo status.
 

993kgt

building an airplane whee
Nov 7, 2001
17,603
Destin, FL
All I really want is to be able to sell covered calls and buy calls. Maybe a put here and there. The account value is pretty significant after feeding it these past couple years but I'm a long way from lambo status.

Just stick to selling, when you earn $10k selling we can talk about buying calls
 

Users who are viewing this thread

About Us

  • Please do not post anything that violates any Local, State, Federal or International Laws. Your privacy is protected. You have the right to be forgotten. Site funded by advertising, link monetization and member support.
OT v15.14.0 Copyright © 2000-2023 Offtopic.com
Served by fx.offtopic.com

Online statistics

Members online
475
Guests online
463
Total visitors
938

Forum statistics

Threads
80,621
Messages
7,862,495
Members
87,112
Latest member
Bigxmotion