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Like serious freaking question. I can’t think of any reason why I’d ever want to cap my upside on a ticker that I’ve either entered by selling a put or buying outright.
Zero. Zip. Zilch. It’s just fucking idiotic. Well, maybe if you had a TINY account and aren’t afforded Ref-T or Portfolio Margin. And all you have is that one ticker.
Oh, oh, but, I’m magically making income? No, you’re just capping your fucking upside. You bought it for a reason right? And if it gets called away, now you’re also locking in a cap gain. Probably short term. No thank you, I want control over my cap gains.
Oh, because it’s part of the wheel strategy, blah blah blah. GTFO, everyone from TT to YT gurus to everyone here choose the underlying based on high IV%. Fucking insanity. High IV% is a function of RISK. They’re paying that much for a reason, and you wanna dip your toes in 🐶💩 because some fucking snake oil salesman said, oh, it’s a great idea! You do know that trade small, trade often == only benefits the fucking broker. And the only thing that I care about is how much my PL is.
Please, for the love of the options trading gods, please fucking transition in 2026 to using cash settled instruments like SPX. I keep all my equities (NVDA, AAPL, BRK.B, PLTR, GOOGL), and don’t have to worry about dog shit underlyings or cap gains, call always, etc.