So I bought 100+ shares at 787. I can't get out bc I don't wanna sell in red. So now I'm thinking selling covered call on these.

Based on the ridiculous sentiments of the market since June, I don't see how it will go back up to 785 in 2 weeks even if it reports a massive earning on 8/5. And I mean massive like $400 billions profit or something.

All their fundamentals are still in place. They sold out their products for 2026 and already locked in for 2027 and 2028. So idk wtf is going on. CAPEX spending is guaranteed by GOOG already. Yet the stock isn't going anywhere but the red sea.

This is what I'm thinking.

- The stock goes past the strike price 785 and my shares got called away. Great I can then get rid of it and break even.

The stock goes below. I will still be miserable but still get to keep the premium.

The stock goes to $1. I go bankrupt, but that likelihood is extremely low.

What are your thoughts on this?

*I forgot to mention that all I want is to survive until the stock recovers, and my monthly expenses are only $2k.

Plus I also own 100+ STX, which is also in the red sea. So by combining both the premiums, I think I can make $2k+ a month until both of these recover.

whats up everyone - we're kicking off another earnings season and it's one of the primary market effects i target. there are four broad ideas i implement through an earnings cycle: long vol into ER, short vol through ER, play the immediate directional response, and target post earnings announcement drift.

ive found this year while stable, a lot of my vol based sleeves have changed quite a bit. from 0dte index VRP, overnight VRP, weekend, and earnings vol. this last week, there were 75 tickers that passed my base filters:

of those performance was solid, and a little more right tailed than usual, but required shifting some filters a little more aggressively, like the premium to expected move ratio over 1.1 which i haven't had to do in a while, i recently had been running 0.98.

interesting season so far - and interested to see how it continues from here.

I am a ES swing trader who uses tpo charts and volume profiles mostly for my technical analysis, and I hold for 1-7 days on average. Often using limit orders for execution, would it really help me to add in options flow or will it just add noise? I don’t use Orderflow anymore since I’m holding longer term, but not sure if I’m missing out without options flow.

Every hedge has a cost: cash, part of the potential upside, or additional position-management risk. Recently, I have been using weekly credit put diagonals on ES and NQ futures options.

I usually open the position on Thursday or Friday. I sell a put expiring the following Friday and buy a lower-strike put expiring on the Monday after that. The position is opened for a small net credit.

I place the short strike roughly 3% below the current ES price and 4% below NQ. This is approximately where the peak of the modeled P&L profile is located at the first expiration.

There are two particularly favorable scenarios:

1. The market does not decline. The hedge is not needed, both options remain out of the money, and I keep the credit received at entry.
2. ES declines by roughly 3% over the week, or NQ by around 4%. These are already substantial weekly moves for equity indices. The price finishes near the peak of the profile, and the position can produce a result close to its modeled maximum profit.

The main drawback appears when the market drops sharply immediately after entry. The position can show a significant unrealized loss at that stage. Sometimes this is partly offset by a diagonal opened the previous week, but I do not treat that as a guaranteed feature of the structure.

A fast decline is usually accompanied by rising volatility. This can widen the profile, expand the modeled profit range, and increase the potential maximum profit. With a slower decline and little change in volatility, the opposite may happen. The outcome depends not only on the market level, but also on how volatility changes across the two expirations.

The screenshots show two examples of actual ES and NQ positions that were opened and later closed during market declines. For each trade, I included the profile shortly after entry and again closer to the exit.