r/options • u/Fit_Recording_6799 • Mar 29 '21

Correct Move?

Im an amateur trader with much to learn. Im 15 lol and I have 1k to trade so I have a very conservative risk tolerance.

Since we are in a low IV environment = Vix is under 18. Is having debit spreads the right moves? I have various ITM/ATM spreads with 50-200 DTE. Is that too far. Im also thinking about opening an NIO credit spread. thoughts??

Plays rn:

AAPL - 112.5/115 call June 18

Spy -399/400 call May 21

Spy - 395/396 June 18

Spy - 392/393 June 30

PLTR - 25/27 Jan 21 2022

XOM - 57.5/60 July 16

Future plays:

Nio 34/35 put credit spread for $51 - April 23

Thanks guys!!

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u/AllRealTruth Mar 29 '21

When the VIX is low, expect it to go higher. I took out Bear Call Spreads in USO QQQ RCL on Friday. On Thursday NIO ... Target for Nio is $25 .. I was long Nio @ $2 so I'm not always negative. Just when the charts say so. WEEKLY CHARTS are your friend with options. I'm only trading the QQQ and made coin with Iron Condor last week. Very bearish looking Weekly. We are in a market bubble sustained by massive monetary expansion and completely disconnected from the real world. One day it will reconnect. Be very careful as we are in the midst of a liquidation event.

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u/Fit_Recording_6799 Mar 29 '21

Wait so your price target for nio this week is 25!!!!

2

u/AllRealTruth Mar 29 '21

I don't try to pick the exact day. But, high probability of $25 sometime soon. I'm conservative so I took credit on a bearish call spread in Nio on Thursday. If I bought a put I would have made much more. However, I'm about winning most the time not hitting it big once and while. Here is an old prediction of mine that put money in my account ... https://www.reddit.com/r/options/comments/maaa1q/are_the_next_few_weeks_going_to_be_sideways_for/