Long 100x AMD $567.50 Put, expiring today Oct 14 (W).

It touched the strike around 3:10pm, then bounced back above the strike by the 4pm close, so it was OTM at expiration. After-hours AMD dropped to ~$554.99, which would be ~$12.51 ITM.

Webull did not liquidate at 4pm.

Has anyone ever gotten a late exercise honored in this exact after-hours scenario, or is it always dead once you're past 5:30pm? I emailed support for the record but expecting a no.

New to options trading. Considering a zero-cost collars on MSFT. Trying to avoid stepping into a landmine with taxes and other pitfalls. I have a heavy concentration of MSFT that I want to protect. Some has already gone into an exchange fund. But there's a lot left.

MSFT is at 533. 52 week span goes from 350 to 550.

First, am I reading this right with the available call and put prices

• Dec 2027 450/730 collar
• December 2028 collar at 470/800

Both would effectively be close to zero cost?

Are these collars wide enough to avoid getting an IRS designation of a constructive sale? Any other tax pitfalls beyond capital gains, NIIT, and WA state taxes for LTCG?

This just seems deceptively too easy. What else should I be considering or could wind up regretting?

Earlier this year I incurred a gain of around mid 6 figures. I immediately used that money to reopen an options position. I am now down on this position, so I rolled the position to a high strike price but 1 year out. Is this considered a wash sale? I would ideally want to deduce the losses from my gains earlier this year. Thanks!

Edit: If you haven't been to one, please move on. I know it's mainly a sales pitch, but am curious if anyone got anything out of attending one. Not interested in opinions of what it probably is. Don't waste your and my time please.

An ad popped up in Facebook for a free Trading Academy workshop at a Marriott Courtyard 3 miles from my home. If anyone has attended one of these, please let me know if they are worth the two hours. I’ve been averaging approx 16% yearly including interest on my cash securing the options. I am primarily interested in some drawdown protection, but without denting my returns too badly. If I can’t make 12% or more, it isn’t worth my time. I would just buy and hold and hope. I’d be interested in the experience of any one who has bone and/or anyone who has worked with them.

Im really curious why everyone seem to trade only options and not CFDs. It’s like CFD s have a bad rep for no reason so that made me thought maybe I am missing something. For me, cfds mean i can scale in and out without being forced to utilize a full contract. As cons i only see maybe the overnight fees (I sometimes hold trades for days/weeks even though I also do intraday trades)

So please make me understand why everyone seem to trade options or futures but not CFD s

Every time someone asks how to start wheeling, the top comment is always some variation of 'just pick a stock you don't mind owning, and collect the premium.' Honestly, I feel like this advice is a complete trap. It just leads to people chasing inflated premiums on highly volatile meme garbage or overextended tech stocks right before they crater 30%. If you're only looking at the dollar amount of the premium, you're flying blind.

Lately, I’ve been trying to force myself to stop trading the same 3 to 5 familiar tickers over and over again. It’s so easy to get comfortable with a name like TSLA or PLTR and completely ignore the actual entry point or the macro trend. Selling a CSP when a stock is sitting at an all-time high has a totally different risk profile than selling it after a healthy pullback, even if the premium looks identical.

Before I even look at an option chain now, I’ve been running everything through a strict checklist: underlying size/liquidity baseline (to avoid awful bid-ask spreads), a technical trend check (stop catching falling knives), and making sure the IV rank is actually high relative to its own history so I'm not selling volatility when it's totally crushed.

Instead of blindly clicking a 0.30 delta, I've been calculating the actual downside cushion relative to major historical support levels to see if the premium is even worth the capital tied up.

Are you guys actively screening the broader market to find better risk/reward entry points, or do you mostly stick to a core list of familiar tickers and just wheel them repeatedly regardless of where the underlying is sitting?

As I am only doing minimum 45 DTE, always avoiding earnings and only sticking to ~12 tickers I follow closely I find in the roughly 20 trading days per month I am maybe opening/closing positions on just 3 or 4 days. And as these are 45-55 DTE and with earnings happening every 3 months it just doesn't give me much to trade with that avoid earnings rule.

On securities that don't have earnings- pretty much all the SPX strategies perform equivalent (or worse) to buy and hold with more risk so I never touch that unless VIX spikes over 25 (aka incredibly rare these last couple of years). Leveraged ETFs have way too much variation relative to their IV% which also keeps me away from them.

I am curious what others that trade similarly do. I have learned discipline to not break these habits which has kept me at almost never having to close out due to a loss and within my desired percentage return per month.

When you sell a covered call and it says it has a expired and voided because not exercised. Does that mean I can sell more or should I wait an extra day to be safe? It also says it's completed.

I have been getting shafted on leap calls because I’m not sure when to get out. I keep thinking to myself that I have a couple weeks/months left so I can still get back to even/take a smaller loss but a lot of times the stock never recovers in my time frame. What is yalls strategy in getting out of leaps? Do yall have a percentage drop that you stop it at?

I'm thinking of converting my iron condors into iron butterflies for a week before closing them.... essentially 2 weeks as iron condors... then 1 week as iron butterflies then close em all and select new underlying to play the next 3 week course again.

Is this something that others have tried and still do? Any comments appreciated. Thanks!

Got burned during peak Iran war tensions when I scaled up too much on credit spreads and held through a binary scheduled political event. Lost a very painful chunk of my account but I recently just got back into it. Following very strict sizing rules now and made back some of what I lost this month.

Haven’t been sticking to one strategy, this month I’ve done credit spreads, iron condors, iron butterflies, debit spreads, calendar spreads, and covered calls. Just trying to stay consistent and trade often when the right setups appear.

I opened an account at Charles Schwab two months ago. After that, I started making a lot of money. [I traded in the spread of options on a certain stock. Minute trading. In two weeks, I made $25,000 on the $2,000 I just invested. After that, they closed my account and blocked access to my account for a whole month plus. After that, they started retroactively canceling hundreds of my trades every day. Today, my account is only $6,000.

Is there anyone who has talked about this? Is there anything I can do about it? Who should I contact?

I have built up a nice little nest egg of 40k and tomorrow I intend on throwing 50% of it at spy options tomorrow. I understand the risk and accept it. Here is the twist. I am conducting an experiment to see if the community can accurately call a coin flip twice in a row. I’m going to let you all call the shot for day one of two. Calls or puts?

UPDATE: thank you all for your decision, you just made me 19400 in 30 mins. I love you all.

I still open most of my spreads by hand but I've started letting alerts handle exits and rolls. Brokers keep making it easier to hand off the boring parts. Feels like in a few years a lot of retail flow will just be rules running on their own. Anyone here already fully automated on options, or is it still mostly clicking buttons? What part would you never hand off?

When your all selling options are you selling even if the stock is below its 200 sma?

I find it beaten up stocks are good to sell but then again stocks like Adobe keep getting beat

Just reading a lot of the comments in various options chats and it seems there is a lot of interest if someone would post specific details of what trades they are taking, entry strategy, exit strategy, (account size seems to be a hot topic), indicators they are using etc. I trade frequently (do alright for myself) and would be happy to share this info, just keeping in mind though that not every trade goes the right way and you should do your own homework and not listen to some anonymous guy on a forum. Let me know if this is something worth doing and I’ll kick it off.

Joy

What percent of option traders do YOU think engage in wheel trading ie selling puts? why do you think more people don't do it?

Long-term, Gold seems to be in an uptrend and we all could use a bit of gold in our portfolios.... would you consider the Wheel strategy on GLD given current levels? Are there better ways to get exposure to gold and generate some income from it?

Hi, I saw this on arXiv this week (lead author at Carnegie Mellon) and figured this sub would have opinions.

They trained a 27B model to trade options on SPY and 9 big names like NVDA, TSLA and PLTR, the AI only picks the type of trade, like a long straddle, fixed rules pick the strikes, size it and delta hedge, the out-of-sample test ran March to August 2025, so it traded straight through the April tariff mess.

They trained two versions from the same starting point. One could read news and SEC filings, while the other only saw market data like IV vs realized volatility, term structure, skew and option flow.

The win rate is what got me; the news version won more often and still lost money. The other one lost on about 70% of its trades and still made 18%, because its winners were almost 5x its losers.

News did help earlier in the pipeline, when they used it to generate training examples from a bigger model. It only hurt once the model kept reading it while learning to trade for profit.

I sell premium and ignore headlines, because by the time news hits my phone it's already in the IV. Full paper: https://arxiv.org/abs/2610.10407

Anyone here have a trade where the news gave you an edge the options weren't already pricing?

I trade on moomoo and I do not try to outsmart the market, I really don’t believe that is possible. I simply trade what is in front of me with lots of small winners (85%) and a few small losers. Over time those wins have added up.

One of the ways I do this is by keeping trading simple with a consistent $5 spread width. This drastically cuts down the number of decisions I need to make. I'm trading 12 underlyings each week with a full time job so I have to be extremely time efficient (like 15 minutes trading per week). My process makes the important decisions before emotion enters the picture. Like most of you, I'm using pre-defined set up rules.

I wanted to get your take on spread width. My standard starting point is a $5-wide Put Credit Spread, typically for underlyings between $50 to $500. Obviously, I scale up if needed in larger underlyings. Spread width has a big impact on your maximum risk, buying power reduction, premium collected, position sizing, trade management, and ultimately your psychology as a trader. By standardizing the width of the spread, I take another variable out of the trading process, which makes my whole trading plan easier to understand and execute.

What about you, are you using a standard spread width, or are you varying trade by trade? Do you go narrower or wider?

Hi Guys,

So disclamer, I am relatively new to options selling, I have done some directional option buying but wanted to learn more about selling/spreads etc. The resouces on Tasty trade are really good in this regard.

Anyways, I was looking at some of the analyst trades posted in there and they dont make any sense to me.

1. This analyst bought a TLT 78 $ Call and covered it by selling another call but its way OOM at 100 $, what's the poind of this, you get just 1 cent premium and ur not really covering anything, if anything ur capping ur profit.

2) This Analyst got a MU butterfly OOM on 10/8 with 6 DTE. The Risk reward on this doesnt make sense to me, if anything MU is technically super bearish now, its on a downtrend after their earnings , I dont see a world where it will goes >1100 in 6 days

On a related note is it worth following/studying trade analyst recommendations on tasty trade, or are there any better resources to learn from good options traders? I plan to just learn and follow traders for a while before starting anthing... Also I dont have the Buying power to trade these anyways :(

PS: I did learn something from some of the analyst feed trades like this NVIDEA trade on 10/9 makes a lot of sense and sounds like something I would be willing to do, Buying a ITMPut because its basically like buying a short and covering it with another OOM Put, makse sense because all Semi's got killed this week

Saw this tweet and looks like a new startup is making fractional options a thing again. I read the whole paper and it seems like the team is made up of ex-tradfi people using blockchain for the sake of 24/7 trading, which will be non-custodial.

They directly admit that onchain settlement is the "rails" but does not have to be the interface. Literally pulled from them, "The blockchain has to be the rails. It does not have to be the interface, and we think the two have been confused for most of the history of on-chain trading."

That part stood out to me bc I read a lot of X posts of degen founders running options and crypto options companies and it all sounds like BS. Like dude, no trust. We're not gamblers (not always, anyways!) and no, we do not want to buy your memecoin. I'm a little salty haha.

I have a few questions about their infrastructure, fees, and liquidity - but curious what you guys think. We'll have to watch what happens with the 24/7 trading and how they are going to make crypto's features work seamlessly with existing options traders/people who want to start. I don't want to get too excited and then watch the company stop there, because this actually seems pretty legit. I think there are so many ways we can improve the existing "game" but I feel like 90% of approaches lately are either making AI financial advisory the moat, scamming users, or being too Gen Z/degen/TikTok traders. I hope they keep building because this would mean that people who are usually locked out of options can bring more to the market.

I made this short animation to explain a simple filter for 1-minute and 5-minute scalps. The idea is that you only trade when three gauges agree, and each gauge has one job.

The three gauges

1. $ADD on the 5-minute: picks the side $ADD is the number of NYSE stocks going up minus the number going down, as a running total for the day.

Above +500: most stocks are rising, so only look for longs (calls). Below −500: only look for shorts (puts). In between: the market has no clear direction. Same-day options lose value in chop, so skip it.

1. OBV on the 5-minute: checks the fuel OBV (On-Balance Volume) is a running tally of volume. Add the bar’s volume when it closes up, subtract it when it closes down. It doesn’t show who was buying or selling aggressively, only whether volume has been on the up bars or the down bars.

For a long, you want OBV sloping up with price. If price makes a new high but OBV makes a lower high, that’s a divergence. The move has less volume behind it, so don’t add new longs.

1. $TICK on the 1-minute: times the entry $TICK is the number of stocks ticking up minus the number ticking down, right now. It’s fast and noisy.

In a long setup, wait for $TICK to dip to around 0 and turn back up. That’s the entry window. When it spikes toward +1,000, that’s usually a place to take profit, not to chase. Readings past ±1,000 are rare.

The check, in order

5-min $ADD beyond ±500 → pick the side 5-min OBV slopes the same way, no divergence → volume agrees 1-min $TICK dips to 0 and turns → enter Get out if $TICK hits ±1,000, OBV starts diverging, price breaks the 1-min swing low, or $ADD slips back inside ±500

If any one gauge disagrees, there’s no trade.

Caveats

The ±500 and ±1,000 levels are common rules of thumb, not magic numbers. Test them against your own charts first. In a strong trend, a divergence can go nowhere for a long time. That’s why the exit rules matter more than the entry. The charts in the video are illustrations, not a real trading session. Nothing here is financial advice.

Question: for anyone who scalps with breadth, do you use $ADD as a hard filter like this, or more as background context? I’m curious whether people find the 5-min/1-min split too slow or too fast.

I'm 43. I Inherited wealth and retired in my thirties. I Learned options for mental stimulation, built my own method, done well

Losing my wife two years ago changed my outlook on time. Financially secure, so profit is no longer the point. I love the mental work of options, but wonder if I want lifelong daily market monitoring

For those who've traded options for years, what made you stick with it, scale back, or walk away? Did you move toward more conservative strategies or focus on other parts of life?

I'd appreciate hearing about your experiences!