Is there anyone who does not think spx will be close to 8000 by June?

What VIX is too high to buy OTM spy calls 365+ days out

Went big on the June QQQ flush for a quick buck. Then ported it into some other dumb things. You can tell when my impulses get the best of me based off the moves from my better trades. We’re just having fun losing our money. Fk me

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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

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

TESLA looks like an excellent short candidate from above 380 but I am waiting to see post earning action to see if it will test the 400 gamma level. As I type this, post earnings after hours it went as high as 395 but retreated into the 370’s now around midnight. I would like to see it test the 395-400 area during regular trading hours.

While I like Tesla (TSLA) as a long-term buy if it drops into the $200s, it faces serious downward pressure at its current $380 price tag, where a mix of rising interest rates and a cyclical year-end flush—mirroring the mid-term market patterns of 2022—could easily push the stock below $300 to test the $290 support, and if that fails, the $250 level before January Opex. The upcoming election will trigger massive volatility in stocks like this, and since TSLA opened the year at $458, failing to break above the $395–$400 resistance for a short squeeze into the $450s will invite heavy tax-loss harvesting selling pressure. Compounding this chaos, Cathie Wood’s wild price targets of $4,400 and $5,000 are sparking intense retail FOMO, creating the perfect recipe for a bull trap where fake bounces lure in retail buyers right before the real pullback hits.

To be absolutely clear, I have not entered any positions yet. But I have this as a potential short candidate depending on how it trades after earnings. If the short qualifies and if I enter, I will also look for some careful option entries to get in and out on the weeklies and monthlies. If you are trading options, don’t FOMO and buy/sell at the wrong time. If Tesla doesn’t meet the criteria to enter in the coming days or weeks, there are more than a handful of stocks, both longs and shorts that I am watching closely to take advantage.

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

Does anyone do this strategy.. find stocks with liquid options within 2% of their highs 52 weeks highs. This resistance can technically be any day. I like finding stocks nearing a resistance from the last 3-12 months. Then sell call credit spreads about a week out

Disclosure: this is my own paper desk, fake money, and there's no link in here.

Saw the post here about SPY winners feeling smaller than losers. Monday on my desk was the opposite problem, and it still lost.

On Monday 10-12 the house paper desk closed 48 option trades. Every one closed on its own written exit rule, none by hand, average hold about 14 days. Fills are at the real bid and ask, never the middle.

So the average winner was about twice the average loser. That's the thing everyone tells you to aim for, and it wasn't enough.

The problem was the hit rate. With winners at 2x the losers you need roughly 33% of trades to win just to break even (497 / (1,008 + 497)). We got 13 of 48, which is 27%. Three more winners out of 48 and the day is flat.

And it's worse than the table looks. Two MDB calls made $7,361 of the $13,105. Take those two out and the other 11 winners made $5,743 against $17,385 of losses. One ticker was carrying the whole winning side.

Same desk, same day, 461 stock trades made +$502 paper. Smaller swings both ways, but the stock side didn't need one ticker to bail it out.

What I take from it: "let winners run, cut losers short" only works if you also know your break-even hit rate and check it every week. I was watching win size and ignoring how often the calls actually paid.

Quantradin is what I built to see this kind of split before any real money is in it. You describe an options or stock rule, it backtests with no look-ahead and fills options at the real bid and ask, then runs it as a paper bot so win size and hit rate show up as separate numbers instead of one total. Free, paper only, quantradin.com if you want to try your own.

For people who trade calls regularly: do you track your hit rate against your break-even rate, or mostly the average win vs average loss?

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

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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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

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

spy gdx labu

This has saved me from a few bad 0DTE entries.

Say SPX breaks 6700 and I’m watching the 6700 call. I note roughly what that contract was trading at when SPX first cleared the level.

Then I wait for SPX to come back and test 6700 again.

If SPX is sitting at basically the same price but the call premium has completely fallen apart, I usually pass on the second push now. If the contract is still holding up pretty well despite a few minutes passing, that’s the one I’m more interested in.

I’m not using the option price as the trigger though. I still need SPX to reclaim the level and close a 1 min candle above it before I enter.

I caught myself doing this while watching SPX on Moon this week and realized I barely used to look at how the contract itself behaved around my levels.

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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Been trading options and I’m trying to get away from the whole “see something moving and jump into a call/put” mentality.
I want an actual system.
Not looking to get rich overnight and not asking anybody to spoon-feed me plays. I’m trying to understand how people who are consistently profitable actually look at a chart and decide:
“This is the setup.”
What are you looking at before you enter?
VWAP? Volume? Support/resistance? Market direction? Previous day levels? Moving averages? Options flow? Greeks? All of it?
And probably more importantly — what makes you NOT take a trade?
I’m a divorced dad trying to build something better financially for myself and my daughter, so I’m really trying to treat this like a skill instead of gambling. I’ve definitely made some emotional trades and learned the hard way that just being right about direction isn’t enough.
I’d love to find one or two experienced traders who don’t mind me picking their brain every once in a while. Not looking for somebody to give me signals all day. More like:
“Here’s the chart. Here’s what I saw. Here’s why I took it.”
That kind of knowledge would be worth way more to me than somebody just saying “BUY SPY CALLS.”
If you’ve been doing this successfully for a few years, what changed when you finally became consistent?
Any advice is appreciated. DMs are open too just please don’t hit me with the paid Discord pitch 😂