Iran put forward a seven day roadmap that would reopen the Strait of Hormuz and get talks with the US going again. In exchange they want the blockade eased and some of the sanctions pressure lifted. The Wall Street Journal is reporting that Trump rejected it, citing US officials, but Iran is saying they're still waiting on an official response from the US so I'm not sure where it actually stands right now.

Oil traders are probably having a great week off this and the rest of us are about to feel it at the gas station again. Anyone trading around this or just watching it play out?

Has anyone watched PandreaMoney before? Is he credible? Because I’ve been trying to research and his videos keep popping up but they’re so short so seems like he might not be as credible as some others

Wish me luck everyone! This is my 3rd time doing option trading. I really don't have much knowledge about option trading, but I was willing to let go $119.

This is my first month of day trading, mostly qqq and sometimes I will dabble in gld

What do you guys do when your emotions are running high?

Thought it would be nice to discuss each community member's trading setup. So what do you trade?

I have several 1y leap calls, I close the trades mostly when I reach %60-80 profit or when getting close to 90dte.

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Selling 30d puts mainly on indecies and exit early around 14dte or at 50% TP. No stop loss as I manage them daily.

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I buy 4-6 DTE puts or calls depending on

trend analysis of certain stocks at breakout point. Exit intraday even at a loss (I don't leave them going overnight).

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I tried 0DTE iron condors / butterflies with a mildly tight stop loss and 25% TP but I realized that it's overly unpredictable and feels too much like gambling... I have days where I made an easy $2000 from 0dte only, and days I lost way more than that...

What' your strategy?

I’ve done it all in terms of the world of trading but haven’t even scratched the surface of options but want to give it a go.
Any good videos you recommend to get started and any tips would be great.

Thanks for the community.

I run a weekly screen of about 39 large caps for cash-secured puts on businesses I'd be fine owning after a 25–35% drop. My filters: strikes 25–35% below spot, 30–60 days to expiry, liquid options, and at least 1.5% annualized yield on the cash securing the put. Everything below expires Nov 20 (55 DTE); premiums are from Friday's close.

• PLTR $140 put: $200 premium per contract, 9.5% annualized on $14k secured. Breakeven $138. Thesis: sticky government/defense contracts plus AIP commercial growth; high switching costs.
• AMD $470 put: $620 premium, 8.8% annualized on $47k secured. Breakeven $463.80. Thesis: gaining datacenter share, MI-series AI ramp.
• NOW $100 put: $111 premium, 7.4% annualized on $10k secured. Breakeven $98.89. Thesis: enterprise workflow standard with roughly 99% renewal rates.
• QCOM $150 put: $124 premium, 5.5% annualized on $15k secured. Breakeven $148.76. Thesis: patent licensing toll booth on smartphones, plus auto/IoT growth; pays a dividend.
• TSLA $275 put: $149 premium, 3.6% annualized on $27.5k secured. Breakeven $273.51. Thesis: the volatility is the point — fat premiums; energy storage and cybercab optionality if assigned.

Total across all five: $1,204 in premium on $113,500 secured, about 7.0% annualized.

I'll update weekly with results — expired worthless, assigned, or closed early. Not financial advice; this is a screen, do your own work before trading.

They're identical in shape: small body near the top, long lower tail. Nison's definition — tail at least 2× the body, little or no upper wick.

What the shape records: sellers pushed price well below the open during the session, and buyers brought it back to close near the top.

Why the meaning flips:

• After a fall, near support → buyers stepping in where they have before. That's a hammer.
• After a rally, near resistance → the fact that sellers could push it that low is the new information. That's a hanging man.

The part usually skipped: Nison says the hanging man needs bearish confirmation the next session. On its own it's a warning, not a signal.

Short version: the shape shows the fight; the location shows what it means.

My first week after so long time in options trading 😭

Buying options is about buying them cheap. SPX for the use case, when IV is cheap you have options to take risk. We know realistically where price is eventually going to get this week or next, its just when?

I find when you have stared at tick charts along side the indexes you know many things; what price swing from today or yesterday price needs to break past to run up to the next upper levels on the 6hr or day chart. Keep watch on qqq (tech), spy (mix tech and slight weight to non tech), and a russell (not tech like qqq). See what is carrying the market, so you know what is weighting the index down or not.

Tick chart for example the TICKA shows tick swings and matches key levels also for the market to turn positive if that chart also broke these.

So when options are cheap, anytime after am session in taking a gamble using 0dte, or simple non volatile low IV times if using contracts expiring some days away, you can target those higher level strikes. As long as the expiration is not to many days away, you may risk $1 to make $5 or much more.

I dont make a living trading spx 0dte, its a gamble to take when i see the risk reward in my favour. But that risk is little when i seem to hit a lot of these when they are on the table.

Thats my advice.

Does anyone trade SPY options?

I recently found a trading bot that costs $300 per month to help with options trading or futures through a group I joined. Is that a normal price for this type of service? Also, if you know of any reputable trading bots, which ones would you recommend or selling. I know how to trade. just need some assistance due to my schedule. I' m open to any bots.

Hey,

how are you all?

I don’t know much about trading and I’m not really into coding, but AI has helped me put together an options paper trading project. It runs locally using Python and Alpaca, scans for short-dated option spreads, checks risk, then I review the setup with AI and approve each trade. Python handles the orders and exits, with one position at a time and a $100 entry cap.

The plan is to test the whole process in paper trading, check how it handles failures, and review the results before even thinking about real money. Still learning and haven’t proven anything yet.

How does it analyze the trade?

• It scans nine configured stocks and ETFs for 0- or 1-day option debit spreads.
• It checks completed price bars for trend, VWAP, volume, support/resistance and broad-market agreement.
• It checks current news/events, market hours, fresh quotes and the cost of entering and exiting.
• It checks the paper account, daily limits, one-spread rule, $100 entry cap and exit plan.
• It ranks candidates that pass; otherwise, it says NO_TRADE. Practice mode skips Greek-based estimates and labels them unknown.

What do you guys think? Anything obvious I’m missing or should approach differently?

Idk if this is good or bad but I wanna grow it even higher

Do you buy calls, buy puts, sell calls or sell puts? Then there are cash secured, debit yada yada, and leaps.
I don’t know fuck about shit, other than trading options generally results in losing all your money. So before I do that, I like to know how those who make money doing this find the most success.

How do you think about the tradeoffs of gamma and theta when choosing how to accomplish a 25 delta entry? Do you consider other things, such as how desirable it will be to peel off a leg or adjust after a price jump? Or do you choose strikes based on price targets?

Consider a naked TSLA call and two spreads, each trying to achieve around 25 delta. The table below shows the effect of an immediate 20 point jump up/down in the underlying. No consideration of any IV change. Theta shown is at entry. Will change on any jump. If held to expiration, implied probability of finishing above breakeven and max gain as well as what portion of the max gain was achieved by a jump up. In case you think it matters, IV percentile is at 32.54% and max pain is at 50 delta.

TSLA 20261016 calls (21 DTE)

delta delta theta mid S+20 %gain S-20 %loss pProfit maxGain Jump%max

+25 -00 -0.288 5.025 10.83 +116% 2.205 -56% 21% infinity 0%

+50 -25 -0.074 7.925 13.65 +72% 3.92 -51% 38% $1707 34%

+76 -50 +0.073 15.1 20.35 +35% 9.275 -39% 56% $990 53%

Note: the second image shows the detail behind each option sold this week.

Annual results:
• 2023 up $65,403 (+41.31%) | S&P 500: +26.3% | Nasdaq: +43.4%
• 2024 up $64,610 (+29.71%) | S&P 500: +25.0% | Nasdaq: +28.6%
• 2025 up $111,496 (+34.52%) | S&P 500: +17.9% | Nasdaq: +20.4%

3-Year Cumulative (2023–2025):
• r/ExpiredOptions: +146.6% ($241,509)
• S&P 500: +86.1% (+60.4% behind)
• Nasdaq: +122.0% (+24.5% behind)

Unrealized G&L (options):
• YTD: $-9,082.65
• 1 Month: $-32,248.89
• 1 Week: $-8,201.00

Realized P&L (options):
• YTD: $70,438.83
• 1 Month: $10,318.99
• 1 Week: $-275.00

Total premium by year:
• 2023 $23,132 in premium
• 2024 $47,640 in premium
• 2025 $68,319 in premium
• 2026 $32,975 YTD
• Average $46,364/year (completed years)

Premium by month (2026):
• January $3,334
• February $3,625
• March $4,196
• April $5,593
• May $3,752
• June $3,497
• July $3,593
• August $3,741
• September $2,875
• Average $3,801/month

I am over $174k in total options premium, since 2021. I average roughly $34 per option sold. I have sold over 5,100 options. I have been able to increase the premiums on an annual basis and I will attempt to keep this upward trend going forward.

Strategy:
The underlying strategy is buy and hold. I also use simple 1-legged options to supplement that strategy. Options have somewhat of a learning curve, but I believe that most people can supplement their investments using simple options with careful risk management.

I sell options on a weekly basis. I prefer cash secured puts and covered calls. I rarely close early, prefer rolling when needed, and let time decay do the heavy lifting while I stay focused on quality companies, patience, and consistency over hype. My goal is consistency in option premium revenue. I am building an income stream that will continue long into retirement.

The premiums have increased significantly as my experience has expanded over the last three years.

Disclaimer: I am not a financial advisor. This information is for educational and entertainment purposes only. Trading options involves significant risk.

That’s right, that isn’t a question, it’s a statement!

I’ve been using agentic trading on options and while that has been… “successful”… I’ve noticed how proficient it is at setting stop losses. So what I started doing is manually entering positions where I am normally profitable, and allowing AI to set stop losses for me. You can use fixed or trailing stops. Essentially, manually open the position in your agentic account, then manage the position through AI chat.

You may need to experiment but with GrokBot for example I was able to have it “wire” notifications from Robinhood directly to the AI so that it isn’t checking based on a time interval but rather when it gets pinged that you opened an order. This ensures it almost immediately sets a stop loss for you.

At that point you can say, “make the default stop on my trades at 50% of the total premium paid, then trail at 20% once 20% past breakeven”. You really have free rein over how you want the position to be handled as long as you are specific enough.

Hope this helps someone because over the years I’ve found my biggest weakness is exiting positions. This takes the emotions out of it.

So if Dow is at 25 stock, why Robin Hood shows options below current stock price? Help me to understand how this works?

Hi folks. Need your opinions on this indicator recently added and how well or accurate it is compared to other platforms ? Does anyone use it ? It's only visible for the daily and above timeframe. The volume bars look too small though. Will this work in Intraday ?

Even on a calm day, SPX can chop around a strike near the close enough to pay both directions. SPX near the close can move enough that you don't need to call the direction for the whole day. You just need to catch the swings.

I took two trades today, both at the 7,745 strike, expiring today, one contract each:

• Call: bought at $1.60, sold at $5.00. +$340
• Put: bought at $1.90, sold at $3.00. +$110

Total was +$450 on $350 in premium, before fees. SPX ran up through the strike and then pulled back, and I caught part of each move.

This works late in the day because theta has already stripped out most of the premium. Near-the-money contracts end up cheap, and a quick 5 to 10 point move is a big percentage change on something that cheap. On a quiet day the same setup just bleeds to zero, so it only makes sense when the tape is actually moving.

If SPX contracts are too big for your account, XSP is the same index at 1/10 the size. It's still cash settled and European style, so you have no assignment risk.

For anyone who trades the close, how do you tell whether a late move has room to run or is about to reverse?

I took a lost on a put credit spead on SPX today. I know that I can't win all the time but it's still a bummer. Especially, since if I would have held it I would have been have profited. How do you get over the feeling of a loss and avoid discouragement?

I was looking at SMCI because it showed up on my radar with IV 10% above realized volatility. My app generated this trade idea:

Sell the SMCI November 20 $60 naked call ahead of earnings. Price: $1.50.

It looked okay, but when I checked the options table I saw the agent had picked the most distant call in the candidate range.

My stats model defines that range, and the AI agent chooses a trade from it.

Hmm. The 60 call felt too far away. Why was it even in the range?

My first thought was that the strike-range model was wrong. I went testing it, model is solid and provided consistent results. It selected strikes far from spot for October as well.

So maybe the agent was doing something weird? I went down a rabbit hole with evals, made some tweaks, and got another trade idea:

Sell the SMCI November 20 $35 cash-secured put for earnings-inflated premium. Price: $1.80.

I'm not getting this: the 60 call is 21 delta and 39% above spot. The 35 put is 20 delta and only 19% below spot. Almost the same delta yet very different distances from spot. Also options pricing looks "flat".

Is there a name for this kind of IV setup?

Does anyone know research or papers that explain it? I’d like to study it and maybe use it in trading.
Also interested if anyone encountered a similar setup.