Today is May 07 options expiration day. As I had shared earlier, there are two significance to this perticular day:

Theta is fastest i.e. time value will erode at the fastest speed
Stock option pinning is now a more visible phenomenon

How can one take advantge of these two?
If one wants to trade intraday i.e. there will be very [...]

Today’s market fall was not really a surprise and I welcome that. I had sold my speculative trades after the fed announcement when Mr market was happy and it was going up. There is no point in talking coulda, would, shoulda but OP readers know that I had sent an alert earlier not to begin new [...]

Thought let me share with you how I am doing on ADP…already up over 200% in less than 1hr, most of the gain are due to IV rise on the May 50 calls, I bot it for $0.15 and now selling $0.50-$0.60.  I have already sold half of May 50s at average $0.48 per options and still [...]