Options thread!

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New strategy I found that work for me help increase my IRA up by +60% in the last two week.

F has been trading between $19 - $20 (the market was down last week, but my account is up because I bought back my 12/03 for $.05 put then I sold my 12/10 put and roll over to the below collect extra $.75 = 300% profit or trade on the house with credit)

Last week I sell the option expire this week then buy the option expire next week for an average collect up to $.25 credit (risk $.25 to collect $100%)
CALL Sell 12/10/2021 $20/Buy $20.50 expire 12/17/2021 (on the up day) - like today I sell call to receive extra credit
PUT Sell 12/10/2021 $19/Buy $18.50 expire 12/17/2021 (on the down day)

(If the market volatility then by back the short call/put then resell to get extra credit up to $.80 on the $.50 spread)
By the way I'm long on F as I have some Jan 2022 $16 call in @$1.04 and I sell weekly call again it to collect credit that I got my money back long time ago and currently have Dec 17 $20 call that open I collect $1.02

I also heavily short UVXY from every week to monthly by buying PUT the only ETF guarantee to lost $,$$$,$$$,$$$ the chart show in 2011 it was worth over $1B to current $17.52

 

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I'm bullish with the market

Open new UVXY PUT today for $1.98

BUY DEC 31 $16
SELL DEC 17 $14
BUY JAN 21 $10

DIA CALL spread
Dec 31 $355/$365 for $4.26

 

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I'm happy that I'm no longer have a single penny in TSP. Since this year my entire balance of my ROTH IRA increase more 128% compare to S fund negative more than 12%.

My trade base on UVXY is the market indicator for me. If UVXY is up then market is down (looking for PUT trade) vs if UVXY is down then market is up.
Pair trade QQQ / ARKK => if I buy call on QQQ (or TQQQ to get close to amount I use on ARKK) then buy put ARKK or vice versa. When QQQ is up it is up more than ARKK, when QQQ is down it is down less than ARKK. Get out at +100% and keep the other open for free and waiting for reverse. My last trade on ARKK was Feb 18 $77 put in on 1/20 @ $4.10 out on 1/24 @$12 almost 200% and I still have Feb 18 TQQQ call for FREE. Currently ARKK is up $3.01 (4.24%) vs TQQQ is up $3.97 (7.49%).

Thanks to NUTT on posting "Morning Market Prep" I was watching that last week and it very helpful on my QQQ put target that turn to profit couple of $K.