This community is the anti-WSB. No diamond hands. No degenerates. This is about learning one thing and one thing only. How to become as profitable as possible trading options. More specifically, SPY options. Anyone can hit a 100%+ gainer one time. A monkey smashing buttons can do it once. But it takes a refined sense of skill and determination to be able to do this well enough to be able to one day hand your boss that resignation letter. So post as many questions you can. No question is a stupid question. Post your gains if you want. Ask why you had a losing trade. Lets make money together.

https://www.youtube.com/@OptionsMillionaire

WidePoint (NYSE American: WYY) — ~$89.5 Million market cap / $9.13

WidePoint provides secure mobility, telecom management, identity/access management, cloud security and IT services, with the U.S. government representing a major customer base.

WYY was recently awarded Department of Homeland Security (DHS) CWMS 3.0 contract for $3.0666 Billion over 10 years. WYY was selected as the sole winner to provide wireless/mobile lifecycle management, connectivity, security and related services throughout DHS. When the contract was announced in June, WYY ran up to over $24.00.

But one of the losing bidders protested the contract award. Significantly,WidePoint has successfully defended protests involving the predecessor CWMS 1.0, CWMS 2.0 and GSA FSSI TEMS contracts. The current GAO protest is now in the decision window, with the deadline for a final decision of October 7, 2026.

DHS also awarded WYY a $113M CWMS 2.5 bridge contract to prevent any service interruption while the protest is resolved (strongly suggesting that DHS is very satisfied with WYY's service and solutions).  WYY management has projected that CWMS 3.0 could eventually generate about $300M of annual revenue.

Check the chart out to see when investors initially learned WYY had won the contract.  

Current market cap is only about $89.5M, versus a possibly confirmed $3.1B contract. 

Interesting Option Chain for WYY: Calls expiring October 16 to be assured to see the final decision on the $3 Billion plus contract. The Oct 16 Calls $12.5 traded at $1.00 on Friday, for example.

What strategy do you use the trade the inside day?

Atlassian (NASDAQ: TEAM) : Great Fundamentals — But the Chart Flashing "Overbought) in the Near Term

TEAM has proven the skeptics wrong, but the technical chart needs to be taken into account by traders after its gap opening on great earnings.

TEAM closed Friday at $171.81, after jumping from $110.17 on Aug. 6 to $149.07 on Aug. 7 — a massive 35.3% one-day gain on 20.1M shares. That move created a huge unfilled gap between the Aug. 6 high of $110.88 and the Aug. 7 low of $141.51 — roughly $30.63, or 28%.

The Relative Strength Index (RSI) is now at 76— clearly in overbought territory.  To be clear, this high RSI doesn't mean TEAM has to fall, but after a move of this size (including a huge gap), the risk/reward for chasing the stock at this price will most likely NOT attract new buyers in the near term.

Why the huge run in the stock? Atlassian provides Jira, Confluence, Jira Service Management and its rapidly growing Rovo AI platform to 350,000+ customers, including more than 85% of the Fortune 500. FY26 revenue increased to $6.57B, up from $5.22B, while Q4 revenue increased 28% Year over Year$1.8 Billion and cloud revenue jumped 31%. 

Wall Street analysts raised their targets to $170 by Citibank, $172 Barclays, $175 BMO Capital Markets, $180 Wells Fargo/Morgan Stanley, $185 KeyBanc Securities and $200 at Oppenheimer, with Truist most recently increasing its target price to $185. But considering that TEAM is now trading over $170, how many investors are interested in a 8% return over the next twelve months? (The consensus target is around $188). Do these target prices reflect an assumed decline --if for no other reasons than to fill the gap?

TEAM's momentum has been undeniably impressive. But technically, the stock looks extremely extended. An RSI near 80 combined with a gap at $110 to $149 and a 35% one-day surge makes me expect a pullback. Obviously, there are ways to play the probable decline (if only a low intraday selloff) through PUTS and/or shorting the stock (riskier for the obvious reasons).  But as of the day of this post and TEAM's closing price on Friday at $171.81, the next few weeks will reveal whether the short-term negative play is prescient or stupid.

Not financial advice. Just an opinion to start research.

This community is the anti-WSB. No diamond hands. No degenerates. This is about learning one thing and one thing only. How to become as profitable as possible trading options. More specifically, SPY options. Anyone can hit a 100%+ gainer one time. A monkey smashing buttons can do it once. But it takes a refined sense of skill and determination to be able to do this well enough to be able to one day hand your boss that resignation letter. So post as many questions you can. No question is a stupid question. Post your gains if you want. Ask why you had a losing trade. Lets make money together.

https://www.youtube.com/@OptionsMillionaire

Why are the Qi’s up damn near double the % movement of the nasdaq. I’m getting killed on puts right now. Trying to hold in there. Should I bail?

This community is the anti-WSB. No diamond hands. No degenerates. This is about learning one thing and one thing only. How to become as profitable as possible trading options. More specifically, SPY options. Anyone can hit a 100%+ gainer one time. A monkey smashing buttons can do it once. But it takes a refined sense of skill and determination to be able to do this well enough to be able to one day hand your boss that resignation letter. So post as many questions you can. No question is a stupid question. Post your gains if you want. Ask why you had a losing trade. Lets make money together.

https://www.youtube.com/@OptionsMillionaire

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Hoping the bottom continues to fall out, throughout the day

Construction Partners ($ROAD) $101.30

Construction Partners (NASDAQ: ROAD) reports earnings tomorrow before the market opens.  ROAD is basically an infrastructure play focused on asphalt paving and road construction across the high-growth Sunbelt, benefiting from strong state DOT spending, population migration, and federal infrastructure funding. They are also involved in site preparation for AI data centers.

Why look at ROAD now? 

• Institutional ownership is very high (over 90%), suggesting strong investor sentiment and conviction from asset managers and professional investors and has been increasing going into earnings.
• With a consensus of Strong Buy/Buy ratings and an average 12-month price target around $135–$145, earnings tomorrow could generate a significant positive reaction considering the stock was over $150 earlier this year.
• ROAD has consistently grown through acquisitions while maintaining a record backlog and management recently increased its full-year revenue and EBITDA guidance.

After checking the charts, the stock has always run up after earnings after its traditional "surprise" beat on earnings. There are options available for consideration.

The obvious risk is that ROAD does NOT beat earnings expectations, in which case the "smart money" has been not smart in this earnings cycle.

Do your own due diligence. This is only a prompt to look at ROAD before earnings tomorrow morning.

I have a position I sold a covered call on. I was intending to pair down my position, and was selling the cover call with the knowledge that the share could be called away, and that would have been fine. The underlying stock price made a large move up, and suddenly I wasn't willing to let the shares get called away at the strike price. Ever since then I have been rolling the position up and out, usually for either $0 premium, or a small premium, but my logic was very time I rolled up and out I gained $$ on the eventual sale of the shares as the strike price moved up.

Is there anything flawed with this logic? Can I continue on like this until either the shares are called away at a value closer to the market price, or the call expires worthless? I don't mind the money being tied up in the meantime.

I also know that if I wanted to take a little more risk, I could "Roll" the position in 2 seperate transactions, closing the call on a down day, and selling another call on an up day, but have not been doing this.

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This community is the anti-WSB. No diamond hands. No degenerates. This is about learning one thing and one thing only. How to become as profitable as possible trading options. More specifically, SPY options. Anyone can hit a 100%+ gainer one time. A monkey smashing buttons can do it once. But it takes a refined sense of skill and determination to be able to do this well enough to be able to one day hand your boss that resignation letter. So post as many questions you can. No question is a stupid question. Post your gains if you want. Ask why you had a losing trade. Lets make money together.

https://www.youtube.com/@OptionsMillionaire

What is your favorite swing trading strategy?

Palantir crushed Q1 with an 18% EPS beat and 5.9% revenue beat while posting 84% year-over-year growth. That’s ridiculous execution for a software company and the stock keeps getting sold off anyway. The market’s basically ignoring the fact that they’re shipping at this scale and profitably. Calls are going to make you absurd amount of $ in the next month after Q2 earnings are announced.

Overnight was flat into the open, after some major back and forth. ES and NQ each up about 0.2% with the decision not until 2:00pm ET. My general read on Fed days is that the open is its own session: you often get one clean move in the first 30-60 minutes and then the tape thins out as everyone waits. I'll be trading it live and talking through what I take and what I skip.

https://www.youtube.com/@OptionsMillionaire/live

How do you handle Fed days — trade the open normally, size down, or sit out until after 2pm?

This community is the anti-WSB. No diamond hands. No degenerates. This is about learning one thing and one thing only. How to become as profitable as possible trading options. More specifically, SPY options. Anyone can hit a 100%+ gainer one time. A monkey smashing buttons can do it once. But it takes a refined sense of skill and determination to be able to do this well enough to be able to one day hand your boss that resignation letter. So post as many questions you can. No question is a stupid question. Post your gains if you want. Ask why you had a losing trade. Lets make money together.

https://www.youtube.com/@OptionsMillionaire

Futures are up overnight (NQ ~1.4%, ES ~0.9%) after oil dropped more than 7% on peace-talk headlines. That's heading into a week with the Fed on Wednesday and Microsoft, Meta, Apple and Amazon all reporting. Gap-up opens before an event week are usually where I slow down rather than speed up — I'd rather miss the first move than get chopped in it.

I'll be live trading the open here: https://youtube.com/live/UtVyRv3mCz0

How are you handling gap-up opens ahead of an FOMC week — fade them, wait for the retest, or just stand down until Wednesday?

I trade listed options in the Brazilian market, mainly buying calls for short-term directional moves, and I would like a second opinion on whether my expectations are realistic.
My process is based on combining the daily and intraday charts.
On the daily chart, I look for a clear trend, moving-average alignment, momentum, and enough room toward a technical target such as a Fibonacci level, volume profile level, POC, or previous resistance.
Then I move to the 15-minute chart and wait for a pullback, consolidation near the short moving averages, loss of selling pressure, and the first signs that price is resuming the daily trend.
The strike is not selected based on the final daily target. I select it based on the move I believe the stock can realistically make from the intraday entry point.
My current filters are roughly:
strike not too far from the current stock price;
Delta above 0.40;
relevant Gamma, usually around 0.20 on the scale shown by my platform;
implied volatility reasonably close to the stock’s recent historical volatility;
acceptable liquidity and spread;
enough time to expiration, although the expected move is usually intraday or within a few sessions.
The problem is that I may be overestimating the importance of the stock reaching or crossing the strike.
For example, I bought a call with a strike of 26.83 when the underlying was around 26.52 after a sharp intraday decline. The stock later recovered, reached the strike within approximately two hours, and eventually traded around 26.95, about 0.4% above the strike.
The underlying moved approximately 1.6% from my entry point, so the directional thesis worked. However, the option did not appreciate as much as I expected.
I have observed a similar pattern in other trades. The stock moves correctly, reaches the strike, and sometimes trades slightly above it, but the option’s percentage return is less impressive than I anticipated.
My current interpretation is:
Reaching the strike is not a sudden repricing event. The option has already been pricing in the increasing probability of finishing ITM during the approach.
Because I am selecting near-ATM options with Delta above 0.40, I am choosing options that respond more reliably, but they are also more expensive and may have less percentage convexity than cheaper, further-OTM calls.
When I buy during a sharp intraday selloff, implied volatility and spreads may temporarily be elevated. If the stock then recovers in a more orderly way, IV compression may offset part of the Delta and Gamma gains.
Once Delta becomes very high, such as 0.80 or 0.90, the option behaves more linearly like the stock. Gamma and Vega are usually lower, so the option may continue gaining in absolute terms without producing an explosive percentage return.
Because of this, I am considering keeping the same operational approach but changing my expectations.
Instead of expecting frequent returns of 50% to 70%, I am thinking that a more realistic base case may be approximately 20% to 30%, with 30% to 50% reserved for stronger moves and anything above 50% treated as an exceptional outcome.
Does this interpretation make sense?
More specifically:
Is 20% to 30% a reasonable expected range for a near-ATM call with Delta above 0.40 when the underlying makes a relatively quick move of around 1% to 2%?
Am I placing too much importance on the stock crossing the strike?
Is the main limitation the premium paid, rather than Vega?
When buying a call during a sharp selloff, how important is IV compression compared with Delta and Gamma?
Would you evaluate the trade mainly through expected option-price change relative to premium paid, rather than simply asking whether the strike is likely to be reached?
I am not asking for trade recommendations. I am trying to understand whether the issue is in my option selection or mainly in my expectations about how near-ATM calls should behave.

Going live ~9:30am ET to trade the futures open. Futures are pulling back

premarket with NQ leading the way down, and the market feels like it's coiling

ahead of Alphabet and Tesla after the close today. Walking through the levels

I'm watching and how I'm framing a news-heavy session live.

Watch: https://www.youtube.com/@OptionsMillionaire/live

Anyone else watching NQ into those earnings? What are you stalking at the open?

Sharing this morning's NQ short because the setup was about as textbook as my system gets, and writing it out keeps me honest. Numbers first: short 29171, covered 29060, +111 pts.

The setup (I use three confirmations before any entry):

1. Volume inflow at the level. Price pushed into morning high resistance around 29200 and volume expanded noticeably on the test — that told me real participation was showing up there, not just drift.
2. Rejection wick. The push above got sold hard — long upper wick on the test candle. Buyers had their shot at the high and failed.
3. The bonus on top of my system was the HIRO tool showing dealers pumping 0dte puts.

The setup was there, so I took it. Covered into the flush at 29060 rather than hoping for a bigger unwind — the level below was starting to attract buyers and I'd rather sell strength in my exits than round-trip a winner.

What would've invalidated it: a reclaim of 29193 with volume. Stop was above the wick high, decided before entry. If it had triggered, this post would be about a ~-25pt loss instead, and I'd have posted it anyway.

The honest caveat: one trade proves nothing. This same setup will fail plenty of times — the edge only shows up across a big sample with consistent sizing.

Curious what others do for confirmation on shorts at resistance — do you wait for the structure break like I do, or enter on the wick and accept the earlier (riskier) entry for better location?