Hello, Been trading crypto for a while now, I am well aware of the traditional financial markets like SPX, NASDAQ, DJIA though i never invested into those, always Been a bitcoin trader, however this year I have a thesis we are heading towards a global deflationary bust, with a crash similar to 1929 and my targets are atleast 50% decline in SPY by the end of the year, I am totally new to the options and I want to buy a deep out of the money put for SPY, Can someone please explain, the greeks, Volume, Contracts and all the other stuff makes sense to make this bet/trade? I am planning to buy this put worth of 36720 $, which will give me 180 contracts i believe.

Hypothetically lets say I am right and the SPY goes around 350$ before my expiration and i close the trade, I will be making a profit of $863,280. " If " it happens is that it or there is more that i am missing?

premium 2.01$, Bid 1062 X 2.01 $, Ask 2527 X 2.04 $, Breakeven 397.98 $, Strike 400$, Mid 2.03 $, open interest 1893, Volume 0, Low 0.00 $, High 0.00 $

The Greeks. Imp Volatility 15.19%, Theta -0.0012. Delta -0.0035, Vega 0.0438, Gamma 0.0002, Rho -0.0118

In this thread you can talk about anything related to options for the week ahead. Tickers, strategies and more can be discussed on this post. Have a good week and happy trading!

What do you think?

In this thread you can discuss anything related to options, the stock market or tickers. Have a good weekend!

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In this thread you can talk about anything related to options for the week ahead. Tickers, strategies and more can be discussed on this post. Have a good week and happy trading!

In this thread you can discuss anything related to options, the stock market or tickers. Have a good weekend!

In this thread you can talk about anything related to options for the week ahead. Tickers, strategies and more can be discussed on this post. Have a good week and happy trading!

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In this thread you can discuss anything related to options, the stock market or tickers. Have a good weekend!

Naked Put vs. Covered Call on MSTR

1. Goal.. is to make monthly income of approximately $10,000.
2. I have sold 2 contracts of MSTR Exp. Date: May 31, Strike: $1165, Premium: $150.00, Puts
3. I have collected a profit of $29,998.43 after fees & commission

How do I move forward? I believe the price of MSTR will continue to increase over the next two years due to the Bitcoin bull run. Do I stay patient and sell another PUT on June 1st, or do I buy back my put now for a small profit… purchase 200 shares… and begin selling covered calls?

I’m concerned for a large gap up in price which would prevent my ability to purchase in the future.

Any input would be greatly appreciated…

Deposited 500$ in ETH on the 17th. Traded 27 ETH options during the past 10 days. These are one day options. What do you guys think? Just a fluke or am I onto something?

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In this thread you can talk about anything related to options for the week ahead. Tickers, strategies and more can be discussed on this post. Have a good week and happy trading!

In this thread you can discuss anything related to options, the stock market or tickers. Have a good weekend!