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BTO

John Hancock Financial Opportunities Fund

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Reddit Posts

r/optionsSee Post

Profit on put vertical spreads and closing them

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Rolling with the Punches with DE

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Moonshot 🌙 Feedback

r/stocksSee Post

use multi leg option to "transfer" funds from traditional to tax advantaged?

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My First Real Money Trade

r/pennystocksSee Post

B2Gold acquires AngloGold Ashanti's 50% stake in Gramalote for up to $60M

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VIX Ratio Call Diagonal | +$7,400 / 33% Return in 15 days

r/wallstreetbetsSee Post

$GNRC 20k yolo

r/optionsSee Post

Help with calendar spreads

r/wallstreetbetsSee Post

Hot poor guy summer, put my life savings in $ASO

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Trade Idea: /MES Long Vertical - Simple but Complex

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Lowest commission broker for index options (VIX/SPX/NDX/etc...) ?

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Tom Sosnoff's SPX 1DTE strategy

r/wallstreetbetsSee Post

buy BTO (gold miner + 4% yield)

r/RobinHoodPennyStocksSee Post

Investment needs to triple to US$4.55 trillion every year until 2030 to meet global net-zero targets

r/optionsSee Post

Put Credit Spread Strategy check

r/stocksSee Post

Question regarding CDS during the 2008 crisis.

r/optionsSee Post

Closing XSP calls

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Suggested Play on Thu 16 Feb 2023: APLS

r/wallstreetbetsSee Post

SLABS the CDO of student loans

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CS options removed on RH

r/WallstreetbetsnewSee Post

So Your Post Was Removed: A Quick Guide to Posting At WSBN

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0 DTE Long Call Spread on SPX

r/wallstreetbetsSee Post

$META, 390 Contracts 100.00 P for 13x Gain | 10K --> 129K

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SPX: Winning 0 DTE Scalp (Short Put Spread)

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TWTR Vega play

r/pennystocksSee Post

AYVA Part ii… Confessions of an Economic Hitman

r/optionsSee Post

Opinions on BBBY option trade

r/wallstreetbetsSee Post

$KURA Open Interest on August $20 calls

r/optionsSee Post

Critique this PMCC Strategy

r/investingSee Post

Read some articles about new CDOs are common and popular (BTO)

r/wallstreetbetsSee Post

Predicted the yield curve flip, and the recession1 year too early 4 years ago; eat my shorts bulls.

r/optionsSee Post

Interesting (to me) little wrinkle of convexity in SPY options

r/optionsSee Post

Call spread on FB, thoughts ?

r/StockMarketSee Post

Do gold mining stocks offer same gains as holding physical gold in a portfolio?

r/wallstreetbetsSee Post

Options and You

r/optionsSee Post

Conditional order to both BTO and STC

r/optionsSee Post

Bullish on FB? Trade Idea

r/optionsSee Post

Are there options you can trade on spot crude oil (i.e. not options on crude futures)?

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Roll or Eat Loss?

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Debit spread on HYG?

r/wallstreetbetsSee Post

Talk about Gamma Squeezes

r/optionsSee Post

Ugghh math?!

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Question on the JP Morgan "protective collar", MMs delta hedging, and the SPX OI of Dec 31st 4450c

r/optionsSee Post

Long read: tax idea with ratio spread

r/wallstreetbetsSee Post

SPY BTO 400c 12/22 (explanation in comments) NFA

r/optionsSee Post

19% ROIC HUT LEAP Ratio Call Diagonal Adjustment

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HUT LEAP Call Diagonal 11.97% ROIC on Entry

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$8,400 in 60min - Russel Options Scalp

r/optionsSee Post

Anyone making a rocketlab play?

r/wallstreetbetsSee Post

Options Update for Week of 5 NOV 21

r/optionsSee Post

Is this stupid? NVDA

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Wash Sale Rule Confusion

r/wallstreetbetsOGsSee Post

Impending market crash? My Musings - For discussion

r/wallstreetbetsSee Post

Tell me why this is too good to be true...it has to be $XOE

r/stocksSee Post

Too good to be true? $XEO

r/optionsSee Post

This seems too good tToo good to be true? $XEO

r/optionsSee Post

09/21 2 Bagger UPST Daytrade Analysis

r/wallstreetbetsSee Post

SPY and Gamma Squeezes

r/wallstreetbetsSee Post

SPY and Gamma Squeezes

r/wallstreetbetsSee Post

SPY and Gamma Squeezes

r/wallstreetbetsSee Post

SPY and Gamma Squeezes

r/wallstreetbetsSee Post

SPY and Gamma Squeezes

r/optionsSee Post

09/15 AMZN 3 bagger daytrade // Or why you always follow the volume

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LEAPS Confusion

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1+ Bagger TSLA Daytrade breakdown

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1+ Bagger TSLA Day Trade Breakdown

r/wallstreetbetsSee Post

SNOW TA🚀🚀🚀

r/optionsSee Post

2 Bagger TSLA Day Trade Analysis

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5 BAGGER MRNA DAY TRADE BREAKDOWN / OR HOW I REDEEMED A BAD TRADE

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2 BAGGER FUTU DAYTRADE BREAKDOWN

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3 BAGGER MRNA DAY TRADE BREAKDOWN

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3 Bagger TSLA Daytrade Breakdown

r/pennystocksSee Post

Is an Epic Gold and Silver Bull Run About to Unfold? If so what penny stocks are you bullish on?

r/optionsSee Post

Do you play options like this?

r/optionsSee Post

Understanding earnings -> IV - $X 2week DTE options

r/optionsSee Post

Am I doing these PMCC right?

r/optionsSee Post

Risks of ITM put diagonal spread

r/optionsSee Post

Does it make sense to close a PMCC/Diagonal Spread if short call goes ITM?

r/optionsSee Post

Using spreads to tax harvest loss

r/optionsSee Post

PLTR strangle play update

r/optionsSee Post

Option order fill at market open?

r/optionsSee Post

Large call volume but no subsequent change in open interest

r/wallstreetbetsSee Post

Do any of you retards know what this option strategy is called?

r/optionsSee Post

Does this 3 option play i thought of have a name? Looking for feedback

r/stocksSee Post

Safe stocks to save for my wedding

r/wallstreetbetsSee Post

OFFICIAL WKHS weekly YOLO🦍 60% SI💥 SQUEEZE BEGAN JUNE 2nd 2021 & WILL CONTINUE UNTIL EVERY F’N SHORT HAS BEEN SQUOZE🚀🌑🦍 STARTING WITH THESE BTO- WKHS 15 Calls Exp- 6/25 Prem- $.58 SL-30%

r/wallstreetbetsSee Post

Newbie gets first big options trade on AMC- I believe the thanks goes to you Degenerates

r/optionsSee Post

Bull Credit Spread cheaper next month than this month? I can roll the whole spread for a credit?

r/optionsSee Post

PLTR long strangle/straddle

r/optionsSee Post

AMC trade advice

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Baba long strangle

r/optionsSee Post

Follow up to my long strangle hypothetical post from yesterday; here is my real world example.

r/optionsSee Post

Rolling; 1 transaction or 2

r/investingSee Post

Keep in market or move to real estate?

r/wallstreetbetsSee Post

Can we discuss warrants ? I mean isn’t this a good way to insulate pricing for long plays ?

r/wallstreetbetsSee Post

Should I short the coastal housing market?

r/optionsSee Post

Negative value on $AMZN option?

r/optionsSee Post

BTO MOS 6/18 $1.29 yesterday. But total value today @$1.34 was down??

r/optionsSee Post

My Adventure with TLRY

Mentions

BTO 3/28 $9.00 calls

Mentions:#BTO

BTO $CHWY 16c 4/19 @.51 and 17.5c 5/17 @.51

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BTO smci 3/28 1080c @28.43

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Naturally there has to be a BTO and STO though, right? I fail to see how the nature/intent of the trade can be determined though public information.

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Ooof… first? Really? At 10am? Was driving home and missed timing the open on smci. Just BTO a smci 3/28 1050c @30.19.

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i think he’s saying BTO puts and hold the calls

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BTO $DWAC 3/28 $30p @2.00

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BTO $BOIL 4/19 15c @1.05 (PT 1.40->1.75)

Mentions:#BTO#BOIL

As a gamble/hedge I just BTO - 3x spy 5/22 521p @0.61, 3x spy 5/22 520p @0.34, And 3x spy 5/22 518p @0.13.

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BTO 10 SMCI 985p 1DTE

Mentions:#BTO#SMCI

Close the smci call for ~100% profit. BTO a lotto smci 3/28 1330c @5.22 with a small portion of the profits. Will see if it gets to 50% or more profit by eod

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BTO $WMT 4/19 60p @.30

Mentions:#BTO#WMT

BTO $CHWY 3/22 17.5c @.12

Mentions:#BTO#CHWY

Morning OGs… BTO 1x SMCI 3/28 985c @25.60 for a plan to swing today or tomorrow Bought a few TSM 🪑s Holding this silly tsla call I bought yesterday and hoping for a nice rebound by tomorrow

Mentions:#BTO#SMCI#TSM

BTO $AMD 185c 3/22 @.81, looking for a quick scalp reversal play here

Mentions:#BTO#AMD

BTO $WMT 4/19 60p @.44 / I think this one has a very good chance to go ITM within the next week or two. no inflated IV which is good, strictly price action

Mentions:#BTO#WMT

BTO $BB 4/19 2.5c @.20, earnings on 4/1 and regardless of the outcome IV should go up to at least 170 which would move 100 points. with that being said the vega is at .0029. 100x.0029= .29 which would price the option at .49 within the next two weeks. the stock does still have some downside but the Vegas upside outweighs that potential risk.

Mentions:#BTO#BB

BTO $BB 4/19 2.5c @.21 easy 100% upside

Mentions:#BTO#BB

Watched an interesting interview on Bloomberg markets where Carson Block described that Blackstone Mortgage Trust has not “true upped their loans” while other comparables have begun to do so. His take was that they are “ out on an island, and conspicuous with a lack of true ups or reserves or provisions against losses in their loan books”. So his Muddy Waters research group is now short BXMT. His prediction is that a dividend cut will come in the second half of the year, because cash flow will not be there to support dividends. So I BTO: 1x BXMT 5/17 24p @4.63 1x BXMT 1/16/26 18p @3.87

Mentions:#BXMT#BTO

So, if you're on Discord, message @Dawg and ensure you have the correct permissions. You'll then see a channel for SPY Scalper. Starting at 9:30 AM, the bot will monitor the trends and notify for either buy-to-open (BTO) or sell-to-close (STC). The bot isn't perfect; take profits where you can and use Dawg's charts under the chart review channel. The bot will always issue an STC at 2:30 PM ET and stops notifying for the day due to increased volatility.

Keep on exactly what you are doing, just Sell to Open instead of BTO...

Mentions:#BTO

BTO 16 call, STO 20 call 45 dte

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GM OGs… I could be really stupid… Looking at Sofi today as a dip buying opportunity… BTO 3x SOFI 5/17 3c @4.21 each (post April ER)

Mentions:#GM#BTO#SOFI

if you dont have enough money to buy and option its probably because youre looking at positions that arent sized right for your portfolio. a trade should never be a significant / large part of your porftolio. the chances of losing it all is simply too big. that being said, there are ways to reduce your initial investment. a call debit spread is a great alternative to a long call when you're strapped for cash. the short leg of a call spread will "finance" a part of the long leg of the spread, creating a leveraged position. due to the reduced initial investment, you can make larger returns (in percentages) a call debit spread involves buying a call and then selling call with a higher strike on the same expiration. for example: - BTO GOOG may 2024 C 140 @ 7.20 - STO GOOG may 2024 P 150 @ 3.50 in this example, you have succesfully reduced your initial investment by 350, cutting it in half. while keeping upward exposure up to 150, and a possible max profit of 1000 for an investment of 3.70 (170% return) your break even is also lowered from 147.20 to 143.70. the downside, is spreads are harder to close early with full profits should the share blow far past the strikes.

Mentions:#BTO#GOOG

Margin time! I generally avoid hitting margin but yesterday I had a surprise $3900 balance. Looking at the EOD balances I never went negative on my cash balance so I wasn't initially sure how this happened. Here are my trades for the relevant days -- https://imgur.com/a/1n8Svxw It's almost certain (to the point it doesn't seem worth posting trades but :shrug:) this is from the NVDA put spread clearing before the sell of PAYC which I was using to offset the cost. ``` 4563.8 (balance) - 16604.66 (BTO) + 8053.28 (STO) => -3987.58 -3987.58 (balance) - 1.5 (margin interest) => -3989.08 (margin balance) ``` Is this just a risk you take when trading with no cash balance; that sequencing of your txn clearances will come in the "wrong" order and result in margin? Is there anything I can/should be doing to minimize this risk? I'm mostly surprised because I've been trading with this setup (cash in MM accounts & very little held as a cash balance) for 7 months and it hasn't happened until now.

Honestly, I don’t let myself get into that kind of a situation. I guess I should have mentioned that it comes up as a warning when placing a BTO order involving a Put.

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You don’t know if they are BTO or BTC

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Would a BTC show up as a BTO?

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I understand. The "based on the underlying" part is a conditional order. The OCO part is, well, OCO. It's combining them that I think could be hard to find. For example, on Power Etrade, which is a top-tier options trading platform, you can select *either* "OCO" or "Quote Trigger", where the latter makes the order conditional on the price of the underlying, or some other stock or index. For example, here is a BTO on an F call that is conditional on SPX: Buy 1 Apr24 12.82 F Call @ 0.23 Limit DAY to Open, when SPX Last >= 5133.61 I copied that right out of the order ticket. I could have set it to the stock price of F instead, of course. However, I don't see a way to *combine* an OCO with a quote trigger. You pick one or the other on the order form.

Mentions:#BTO#DAY

Not sure where you're getting your numbers. If bought now: BTO $1200 @ $132.72 STO $1250 @ $121.45 Net premium: $11.27 Max loss: $11.27 \* 100 = $1,127 Max gain: ($1250 - $1200) = $50 \* 100 = $5,000 - premium = $3,873 ... NVDA's dividend is $0.04 quarterly. Hardly enough to make a difference.

Mentions:#BTO#NVDA

BTO 5x qqq 3/11 452c @0.77 each

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Update: 10:36 am BTO 1x NVDA 3/8 880c @34.88… ~11 am set a trailing stop loss order at 2.00 based on bid… 11:15 am triggered and STC @42.56… So 22% profit. Not bad

Mentions:#BTO#NVDA#STC

BTO 3x MU 3/22 110c @2.23 Goal to sell during the hype and ER run up (3/20) Be safe out there OGs

Mentions:#BTO#MU

BTO 1x NVDA 3/8 880c @34.88

Mentions:#BTO#NVDA

Glad I bought 1dte spy calls yesterday. Sold three of five and made 80% profit in total. Riding the Last Two as house money till near close. BTO 5x Spy 3/6 509c @0.99 each yesterday STC 3x Spy 3/6 509c @2.95 just now

Mentions:#BTO#STC

Hoping for a rebound… bought 1dte spy calls BTO 5x Spy 3/6 509c @0.99 each…

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Probably good to check how the whale’s order got filled before assuming if they were STO or BTO

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Important note: open interest increasing just means that the contracts were opened. The underlying direction can’t be assumed. The options could’ve been STO or BTO. At the end of the day ER plays are risky IMO

Mentions:#BTO

a put is NOT necessarily a bearish bet, you can STO puts to be a neutral/directionally up bet, so the ratio doesn't matter as much as what the actual positions are, I showed here the positions were BTO calls and STO puts, which are both directionally up bets.

Mentions:#BTO

Yeah from an MM pov. But the MM isn’t the one that’s making the initial buy/sell. They’re just providing liquidity. Late 2022 an absurd amount of OI opened up on MANU calls. If you had flow it would have said the OI was BTO bc it will tell you the price paid vs spread (so it makes an educated guess). Whether you make a bet on that is irrelevant. I’m just saying there’s additional data compared to what most brokers will give you. That same evening Musk tweets something dumb like he’s buying Manchester. So obviously those long calls printed. If you didn’t have flow you would be guessing if someone bto/sto bullish or bearish. Flow straight up said this dude was weirdly bullish on an options chain that generally doesn’t see volume.

Mentions:#MANU#BTO

Every contract is both STO and BTO

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For every seller, there is a buyer. So every OI is literally a BTO+STO. It just means there's an open contract at that strike. It is inherently neutral.

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Consider debit spreads in a bull call. Check Investopedia for this strategy set up, entry, exit, and trade management. I actually, usually have a bullish play, irrespective of anything. Parameters start with a bullish Buy of a strike price 1-2 strikes in-the-money expiring 365 days out. Needs to be at a delta of at least 0.70. Expiry can be 60, 90, or.any multiple of Expiration milestones. I like to make this a "long haul". With that (same trade, partnered and let Broker know they work together). Sell a strike price 1-2 strikes out-of-the-money (sell ot below resistance), delta at least 0.60 with an expiry of 30 days. Bid/ask spread for each strike price is less than 10% of ask price (ask price x 0.90). Option trade should be hold plan average volume of 1 million. (the bigger the average, the better). This should insure there is a viable market at the time you wish to exit. Return on risk (ROR) minimum 100%. Position size to max loss (max loss is what was paid for the debit spread. The sell order, what I call the "income' trade, I set the strategy to "buy-to-close" sometime between STO and expiry. That timing is promulgated by my strategy to do so allowing my taking of a "steady monthly income". Then I reestablish the STO with the parameters set above. My want is to exercise this as many times as the gains warrant. Could be 1 or 4 in a 30 day span. If I were to target $500 gain as my BTO point, that's a nice 26k a year. If both of the trades take a turn and drop 40%, I take a "salvage" capital trade on both.

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Tbf OI doesn’t tell you if a contract was STO or BTO.

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With your position sizes, you should trade SPX options instead of SPY options. You'll pay 10x less commissions. For just this trade in commissions, with 5500 contracts, you'll pay 0.65x5500x2 (for BTO and STC) = 7150. If you do SPX options, u can just buy 550 contracts, and pay only $715 in commissions. Now check how many contracts you've traded this year, and moving to SPX you are essentially going to save 10x on commissions. You can thank me and buy me a beer :) (don't ask me how I know 😜) Outside commissions, this position is most likely gonna not print. Adjust your stop losses on Monday and don't let it expire worthless. Live tontrad3 another day.

Mentions:#SPY#BTO#STC

because I had to make sure the open interest carried over on the chain, so I knew it was a BTO. And I had to make sure the whale wouldn't close the position before earnings, otherwise the thesis would be invalidated.

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Will my SMCI 1000c's print tomorrow? BTO 10 @ .95.

Mentions:#SMCI#BTO

If "getting the shares called away" is not an option = never sell a call against that position. If you have already sold a call against the position = buy a call You can BTO a call and turn the position into a vertical spread OR BTC the original call. Depending on the position's current value you might even be able to lock in a profit this way though it is more likely that you'll be taking an L on the position if you are defending.

Mentions:#BTO
r/optionsSee Comment

Buy to Open (BTO), then Sell to Close (STC) the same option. "buying one sell $2 1/17/2025 call contract" is phrased improperly as you can't 'buy a sell option'. Since you BTO the 2 strike 1/17/25 call and then STC the same strike and date, this should have closed it.

Mentions:#BTO#STC

Bespoke Tranche Opportunity (BTO) by Goldman Sachs

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I'm just only holding calls BTO, no STO

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What time did you BTO

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r/optionsSee Comment

I was going to attempt my first butterfly on SCMI BTO 830. STO 2 805 BTO 780 3-24 . Thoughts ?

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At market open, BTO 2/7 SPY 500c x 500. Can't go tits up

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r/stocksSee Comment

When a person BTO or STO a call the counterparty will almost always be the Options Clearing Corp (OCC\*). Then that call is bought and sold potentially 100s or even 1000s of times over its lifespan. The OCC can write calls at will and can likewise "close" calls at will by buying them off of the exchange and pairing them with a written call. None of this process relies on you, the retail trader. You are entirely irrelevant to this process, and you don't ever create an option, you just BTO, STO, BTC, or STC a position. If the option is ITM at expiration it will always be exercised by someone. Technically, a person can call to not exercise an option from their broker, but the OCC will exercise that option if they can do so profitably which they almost always can. If you BTO a call, and then STC that call before it expires, SOMEONE had to BTO or BTC a call in order for you to STC. You can't sell a call without someone else buying a matching call. And likewise, you can't STO a call without someone else BTC or BTO. Or BTO without someone STO or STC. Or any other combination you want. And just as a further note, if you STO without BTO a call that is just taking a short position on that option which is its own strategy. If the call you STO is ITM at expiration than it will be exercised and you will be forced to pony up the shares. Look up Covered Call for an example. \*Options clearing corp, not to be confused with the office of the comptroller of the currency also OCC. Since this is stocks not options * BTO = Buy to Open * BTC = Buy to Close * STO = Sell to Open * STC = Sell to Close * ATM = At the Money * ITM = In the Money * OTM = Out the Money

Mentions:#BTO#STC

I mean you might not be off lots of BTO strikes above 800-1000 up to April, more than likely ER play but you never know

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I suggested selling a collar and used AMZN as an example. For GOOG= 143.54: STO Feb 9 148 call for 0.42 and BTO 139 put for 0.02 for 0.02 net credit.

Sell a collar. Using AMZN as an example: AMZN = 172 STO Feb 9 175 call for 1.26 and BTO 165 put for 0.32 for 0.88 net credit.

Mentions:#AMZN#BTO

Not a bearish bet; BTO $120, STO $125. Both deep ITM with a current debit of $350. I’m betting it will stay above $125, (bullish af) meaning it will close with close to a $5 delta in the spread

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r/optionsSee Comment

For any of those interested, I think I'm going to roll down. Example: STC NVDA January 16, 2026 $400 Call @ $292.40 BTO NVDA January 16, 2026 $600 Call @ $180.00 4 contracts Cash in of $116,960 Cash out of $72,000 Net cash of $44,960 This "works" for me, as I look at it as if I were simply sitting here today without the existing call, and wanted to buy a LEAPS, I'd buy at/slightly in the money.

Mentions:#STC#NVDA#BTO

When do know to go BTO vs STO almost the entire market was up yesterday makes me want to buy covered puts close friday. but im newb idiot so idfk

Mentions:#BTO
r/optionsSee Comment

Correct, that would be a Sell to Close to get out of the one you Bought to Open. The codes STO, STC, BTO, and BTC are basic ones to learn. Those are Sell to Open, Sell to Close, Buy to Open, and Buy to Close. Whatever you do to Open or get into a position, you'll do the opposite to get out and once you are out, you're done. An option leg is built on Selling/Buying to Open/Close Calls/Puts and multiple legs can be connected. Like a Poor Man's Covered Call is a BTO call in the future mixed with STO calls on a shorter time frame. You'll see people doing condors, saddles, strangles, collars, and all sorts of other things, but those are just names for certain combinations of multiple option legs mixed together to achieve a window around what you think will happen and limit your losses if you are wrong. When you see the term rolling, that is a combo of a closing and a new opening. That's just a user-friendly way to do multiple steps at once.

Mentions:#STC#BTO
r/wallstreetbetsSee Comment

BTO 5x 486p 0d SPY Hoping for a quick 20-25% Intend to sell within 30 min

Mentions:#BTO#SPY
r/optionsSee Comment

Sorry to say this, but it is shocking how many of these posts we're getting from new trader who don't seem to know the basics . . . With that said, you Bought to Open (BTO) and now can Sell to Close (STC). You BTO for $1.31 and the current price is showing as $3.00 to STC. Doing the simple math, $3.00 - $1.31 = $1.69 x 100 = $169. You would collect $169, minus any fees, by STC at the $3.00 price. You can hold if your analysis is that the stock may move up more, but since this is an OTM strike if the stock does not keep moving up then theta decay will erode the price meaning some or all of the profit may disappear. You should close when the profit amount your trading plan indicates is hit. Presuming you do not have a trading plan that spells things like this out, then you should seriously consider making one before trading again.

Mentions:#BTO#STC
r/stocksSee Comment

Example: META close 10/25/2022 $137.51. META close 10/28/2022 $99.20 Example Positions: 100 shares of META + 1x BTO 20221118 137C + 1x BTO 20221118 137P If you held a straddle on META prior to 10/25 that covered over earnings you'd've been 100% hedged against the losses on your shares while if the shares had gone the opposite direction (I.e. 1/31 - 2/2) you'd've earned a large enough profit on your call to have paid for your put and then some. Straddles are great if there is a binary event coming up that you don't know which direction it is going to go and want to hedge your bets. Strangles are great if you think the stock will stay range bound between two strikes. And finally diagonal collars can be a great way of earning a return in a sideways market when you think the stock market might see a crash and want to protect yourself.

Mentions:#BTO
r/optionsSee Comment

Would you guys consider a 2-1 put ratio spread a downside hedge, even though it's delta positive? An example: BTO 1 SPY 476P Exp 3/15 STO 2 SPY 464P Exp 3/15 Credit Received: .88 Delta: 6.35 This is the standard ratio spread strategy. An alternate version, that I think I might like better, is to sell that second short put a month or two farther out and farther down, for more credit and a slightly lower buying power effect.

Mentions:#BTO#SPY
r/optionsSee Comment

Do a 3-month 110/90 collar. NVDA=595. STO Apr 19 655 call for 27 and BTO 535 put for 20, net credit = 7.

Mentions:#NVDA#BTO
r/optionsSee Comment

**Placed a long straddle to profit from rising volatility. Volatility is rising, but the value of my position is not.** 11 days ago BTO a 4/16/24 $50 call and a 4/16/24 $50 put (long straddle on CSCO underlying) solely to capture rising volatility before next earnings release on 2/14. IVR 5.3 at open. IVx 21% at open. (my broker defines IVx as the volatility per expiration cycle). Today, IVR is 45.3 and rising! Great! But wait, my position is currently a 5% loser. Why is rising implied volatility not making this position profitable (setting aside the lack of movement in the price of the underlying)? I expected rising volatility to make this profitable. IVR is much higher than open. However, IVx is still at 21%. I suppose I don't understand the relationship of IVR to IVx. My understanding is that vega should be most sensitive ATM and even more sensitive the further out in time you go. When underwriting this trade, this looked like I should be profitable today, but alas, I am not. Thank you for your help.

Mentions:#BTO#CSCO#IVR
r/optionsSee Comment

There are two option types: calls and puts. There are two option strategies within each type: long calls and long puts, short calls and short puts. In either a long call or long put, you PAY premium, and the basic goal is to exceed the chosen strike by expiration. This is called being In The Money (ITM). In either a short call or short put, you Receive premium, and the basic goal is to Not exceed the chosen strike by expiration. This is called being Out [of] The Money (OTM). To open a long option, you Buy To Open (BTO) and pay the premium. If that option needs closing before expiration, you Sell To Close (STC). To open a short option, you Sell To Open (STO) and receive the premium. If that option needs closing before expiration, you Buy To Close (BTC). This is the very very basics of options trading.

Mentions:#PAY#BTO#STC
r/optionsSee Comment

I’ve been trading at the break into the money point. For example as SPY was etching into 474.98 ish ITM was .80 I BTO 50 contracts and STC at 1.31. Would have been nice to hold on a little longer, but I made money and called it a day.

Mentions:#SPY#BTO#STC
r/optionsSee Comment

could take it a step further and do collars. STO OTM call & BTO OTM put

Mentions:#BTO
r/optionsSee Comment

When Buying to Open (BTO) an option for $1.00 and it can be Sold to Close (STC) for $1.01 or more, the trade is profitable and is how buying options work. BTO lower and STC higher makes a profit. A BTO call option will show a profit if the stock moves up by some amount, which will vary based on the various factors, such as how far OTM the option is and the time to expiration. A good trading plan will include when to BTO, and at what price to STC to reach the profit target or loss amount that limits risk to the account.

Mentions:#BTO#STC
r/wallstreetbetsSee Comment

Looking at the option chain data for 1/19, big OI on the 20C. Interestingly, high OI on the 20P as well, coupled with comparatively low IV, compared to other strikes. Consistently high IV, with fairly high OI on the 15P and 10P, almost looks like a big PCS bet. Looks like the 20P could be STO, with the 10/15 BTO. We’re i to guess, I’d say PCS on -20P/+15P with premium rolled into the +25C. All conjecture, and perhaps a bit of confirmation bias. Wondering if anyone has better access to data to see if there were any big buys/sells on these specific strikes.

Mentions:#BTO
r/optionsSee Comment

I was expecting someone to comment on the 10% per month as it seems unlikely. First, thank for you for following the conversation. I agreed with you on the 10% per month seems like a stretch and will hit you the long run. Let me clarify my strategy. 1. I don’t have to wait until the option expired. I closed it early depending on the RSI 15 mins (whatever moving averages makes sense to you) or based on dollar amount. 2. I go for high IV stocks as they offer the most premium. This doesn’t mean I go for at the money options, I always go 3 - 10 strike price lower. 3. I sell in lots of different expiration and strike price combinations. 4. Since it’s volatile you can also BTO and wait throughout the day for the next STO (15 mins RSI is near 30) or next day or whenever I have time. Get an alert on the phone would be the best so I don’t have to monitor it unless I have free time on that day. 5. The way I calculated my profit per month is based on my beginning month balance vs ending month balance. Ex: Nov 2023 Begin Balance is $10,000 Nov 2023 Realized Gains/Losses $1,089 Nov 2023 End Balance $11,089 This is a 10% gain for month of Nov I mentioned 7- 10 % gain a month is likely if you have a strategy planned rather than selling options when you feel like it. I got months, where it’s over 10% profit, but it was just luck. I got months where it’s less than 5% and that’s dumb luck. Everyone’s strategies will be different. You have to do what works for you. With Fidelity, they auto enroll your cash into SPAXX money market fund, which is about 5% annually. This comes to .416% return per month guaranteed money. Add the STO strategy with 2 different accounts: Account A for selling PUTS and account B for selling CALLS for the same asset. You are right 7-10% is what I received in the past, but doesn’t mean it will happen every months. The strategy I’m using has a high probability of making profits.

Mentions:#BTO#SPAXX
r/wallstreetbetsSee Comment

Thank you for sharing. 😊 I also have SOXL. It was my my favorite etf to sell put options. Then, I switched to more cryptocurrency driven stocks like RIOT and MARA. I have two accounts. I focus on the same asset so I can average down the cost in the event I do get assigned: 1. Account A is to own the stocks and I sell call options against it. 2. Account B is to sell cash secured puts for the same stocks I own. Basically, no matters what happens in the market, I will make money in one of my account. I also factored in moving averages so I STO based on RSI 15 mins. When my options reached profit and I have time on that day, I will evaluate the dollar amount. If I’m happy with it, I will BTO. If I think I’ll make more profit by end of the week, I will do nothing and wait.

r/optionsSee Comment

Based on your new info. Roll out to Jan 26 with a spread order - BTC U Jan 19 140 Call and STO U Jan 26 60 call at the MARKET. I am not sure of your position. If I am wrong then do STC and BTO at the MARKET.

Mentions:#STC#BTO
r/wallstreetbetsSee Comment

1. BTO 2. STC 3. Profit

Mentions:#BTO#STC
r/optionsSee Comment

If you buy to open (BTO) a call, say the Jan 19 XYZ 95 call, you have the right to purchase 100 shares of XYZ for 95 each on or before Jan 19. You can give up this right by selling to close (STC) this call. You can exercise the right to buy shares early (i.e., before expiration) by instructing your broker. The call will be automatically exercised if it expires ITM by more than 1 cent. Your broker may require you to have the funds to purchase 100 shares of XYZ at all times. They have the right to liquidate your call if it is ITM and you have insufficient funds.

Mentions:#BTO#STC
r/wallstreetbetsSee Comment

thank you much, I expected the many roasts but didn't expected the many nice messages sharing similar experiences from guys like you. I really appreciate it and made my day a bit brighter. :) Selling puts was also a banger for me 2022, went nice until I got exercised from short calls on QQQ when SVB collapsed. Let's see if this is still a valid strategy in the year when I have the right capital again. I struggled with BTO mostly bought options for hedging. Yes I have a day job, I can bare another loan for this, only issue is the high interest on loans.

Mentions:#QQQ#BTO
r/wallstreetbetsSee Comment

First, I want to say thank you for posting your losses on this forum. It takes a lot of guts as I’m sure you will receive negative comments. I’ve also loss money and made money on options. Not that I’m here to give advises or anything, but I’ll share my two cents. I went back to my history and analyzed what I’ve done right consistently. Based on my data, STO puts was the only consistent method. I know it requires way more capital and potential return is not as high as BTO, but it is consistent. STO time decay is on my side and I can close out all my positions early when I reach 30%. Then repeat the same process. Also, do you have a day job? If you do, I’m sure you can earn enough and pay taxes via installment plan. I know how you feel as I’ve been in your shoes before worrying about paying taxes on capital gains previous year and losses current year. Stay positive man :) Sometimes it’s better to not day anything to family members as they will not understand you.

Mentions:#BTO
r/optionsSee Comment

Don't. That's the best thing to do. Avoid large bid/ask spreads like the plague. They are a great way to destroy wealth. Even the mid price would be insane for that spread. You'd be crazy to buy at that price. Look at the last trade price to get an idea of where the actual market might be. If you can see by Time & Sales that the last trade is fairly recent, like within an hour or two, that's your starting point. If the last trade was from 3 days ago, forget about it. If the last price is a bust, stay within 10% of the bid. If you can't get a BTO fill at around $15.40 (10% of $14 is $1.40, $14 + $1.40 = $15.40), it's not worth having. You could leave it GTC as a limit order and wait days for it to fill, if you really want it that badly.

Mentions:#BTO
r/optionsSee Comment

For the same strike, gamma is higher for the closer dated option than the one further out. That means you get more movement in the delta when the underlying price changes for the one you're holding vs. the one you're rolling to. And if you're rolling by STC your current call and BTO a newer call further date out, then it makes sense to roll while we're going up. So I'd say now is a good time to roll out.

Mentions:#STC#BTO
r/optionsSee Comment

Yes, long (bought) options make a profit if bought to open low and sold to close at a higher price. Ex. BTO for $1.00 and STC for $1.10 would result in a .10 or $10 profit. Note that when trading short (sold) options these are sold to open higher and bought to close lower to make a profit. STO for $1.00 and BTC for .90 would result in a .10 or $10 profit. The breakeven price typically applies at expiration and is included in the bought and sold price if that price is higher such as in your example.

Mentions:#BTO#STC
r/wallstreetbetsSee Comment

Options can be STO or BTO. If its bought-to-open you only risk what you put down. If its STO and not a spread, and is infact naked, then you have unlimited downside risk. 2dte means two days to expiration. in my example I was referring to the options expiring this friday 12/08 So, again, in my example, i said you would buy the 2dte call on Wednesday's close. This makes sense because 2 days from expiration is friday. On thursday, those options are then 1dte. on friday they are 0dte.

Mentions:#BTO
r/wallstreetbetsSee Comment

Yeah I just follow this sub to wonder at the gain/loss porn. What are BTO options and 2dte calls?

Mentions:#BTO
r/wallstreetbetsSee Comment

Lmao. Dude you’re preaching to the choir. Hardly anyone understands how a spread can limit loss to theta and IV. I think BTO “naked” calls and puts is ok as long as you “know what your doing”. There are cases when a spread makes less sense. But absolutely, again, you’re on point and a very smart person for your comment. You’re just talking to the void tho cuz ppl here don’t have enough brain to understand how a spread may limit loss to IV and/or theta blah blah

Mentions:#BTO
r/wallstreetbetsSee Comment

best part about wallstreetbets is every gains post dealing with options will have a comment like this the fact that some young person with prob $1000 sees potential is just learning that you don't need $2,000,000 to day trade as a living. You do not need to drop 100,000 on an intraday play, make 1% and call it a day. BTO Options give you the leverage without the margin risk. Just like shares, you can only lose what you put in. Depending on the option's expiration date, the option will move anyway from one-to-one w/ the stock to ten-to-one with the stock For example, AMD is up 10% today. This makes sense. Yesterday, AMD had an event which the market sold off too- however the actual discussions taking place such as "We will directly compete with NVDIA and sell AI chips to big companies like MSFT&META" was really bullish. Had you bought AMD 2dte calls at close yesterday you would be up anywhere from 1300% to 4600% right now. Why such a huge range? well if you bought the 2dte 120C you made 1300% as of right now. HOWEVER, if you bought the 2dte 128C which is further OTM and less likely to pay, you actually made 4600% because you were taking a bigger risk. The further OTM the option is, the more it will pay given a SHARP MOMENTOUS MOVE like that 10% in underlying today. Furthermore/however, if you bought next weeks expiration you would only be up 400%-1000% for the same strikes 12/15 120C or 12/15 128C Had you bought calls dated for Feburary 2024, you would only be up 100% - and since theres a lot of time on these, whether it was far OTM vs ATM didn't really matter too much. a 125C is up 100% and a 140C is up 178%

r/optionsSee Comment

Please answer the following: STO or BTO? Underlying? Premium?

Mentions:#BTO
r/investingSee Comment

> the exchange considers it an offset rather than two separate unrelated transactions being carried out right? From an options trader's perspective, it's pretty simple. You open a position either by buying a contract (BTO = buy to open) or writing a contract (STO = sell to open). To close a position, you either sell the contract (STC = sell to close), or you buy back the contact (BTC = buy to close). It takes 2 transactions to make a round trip. ​ > i sold the call position ,what happens to the person i bought the call position from ,are they paired up ? What do you mean ?- option contracts are fungible. And there are liquidity providers that provide the liquidity. That is why there is a concept of open interest in options. The amount of open interest doesn't have to match the transaction volume. ​ > i wrote this short contract can i sell my position to someone else ? Please clarify your question - if you are asking what happens if you write a contract that is executed - yes - that means that someone bought your contract.

Mentions:#BTO#STC
r/optionsSee Comment

Take a look at the strategy used by TSLY as an alternative. TSLY pays a dividend of 60%. Buy T-bill paying 5% with the loan money. Buy an AMD synthetic long which is a long call and short put of same strike and expiration. This is like buying the stock but with less money. BTO 6/21/24 120 call for 17 and STO 6/21/24 120 put for 12 for net debit of 5. Then STO 12/29/23 128 covered call for 2. Play with the numbers, it may work.

Mentions:#TSLY#AMD#BTO
r/wallstreetbetsSee Comment

Made a watch list called "I ONLY TRADE TSLA" Proceeded to only trade tsla and erased all losses from the week. And thus, my strategy is afoot. (BTO $WISH 6C) J/K..... Out of BP for the day lol![img](emote|t5_2th52|4260)

The 10 SPY 440p I STO are doing great 🤗 The 10 puts I BTO a strike higher are ☠️ My port is full 🤡🐷 mode

Mentions:#SPY#BTO
r/investingSee Comment

If you don't want to be assigned because you think the stock will go higher, your other option (no pun intended) is to roll the call. Basically BTO the short call position, and write a new call further in time. The thing that I'm not sure about is how that impacts the tax treatment of the underlying stock if the new written call is ITM because it may not be considered a qualified covered call. So, ideally, you would want to write an atm or otm call.

Mentions:#BTO
r/wallstreetbetsSee Comment

So the downside of calls. 1. If there is a delay in judgement and you buy OTM, you could be SOL. 2. If the judge rules against JBU, then you loose. For what it's worth I BTO $22.50 - Jan 19. The benefits of shares: If the merger fails, it's very likely ULCC will re offer at somewhere near the $26/share mark, so you'll make it out with profit in a longer safe play. I'm about 80% shares with 20% options of my investment in SAVE. Only because of the outside chance this can go sideways and I'll be around to reap the ULCC offer.

r/optionsSee Comment

@kingcrow27 I did the same kind of deep in the money but with European style NDX. - One contract (100 shares), Put Credit Spread that is considered Deep ITM (NDX 15,964 as of Friday 24, 2023): STO 17000P 15Dec23 BTO 16975P 15Dec23 = Width of the Strikes is $25 (= 17000-16975) = Premium Received is $23.80 x 100 shares = I collected/received a Credit of $2380 (or max gain shown). = Tastytrade platform also shows max loss as -$120. = Tastytrade platform also shows BP effect as -$120 (reducing my "Maintenance Excess" by this amount). = Tastytrade platform also shows that this choice was 95% ITM. So I understand that this was a "low probability trade". (1) Can someone explain why this would be the low probability trade? (2) Why would I also have to pay back the initial credit received? (3) Why is that these trades lose so often? Thank you in advance!

Mentions:#BTO#BP

good call out on this, BTO 1x 580c 1DTE

Mentions:#BTO
r/wallstreetbetsSee Comment

Still getting used to shitty Schwab… meant to STO a few TSLA covered calls this morning and ended up BTO instead. I checked back a few hours later and panicked for a moment when I realized what I did… checked TSLA and breathed a sigh of relief. Also, sold those calls and took the small profit.

Mentions:#TSLA#BTO
r/StockMarketSee Comment

BTO.TO I think right now would be a great time to invest in gold mining, The Price is Right and they pay 22 cents dividend annually.

Mentions:#BTO
r/wallstreetbetsSee Comment

BTO 100 SPY $435c 11/10 @ $0.72 STC 100 SPY $435c 11/10 @ $5.33 🤑🤑🤑

Mentions:#BTO#SPY#STC
r/optionsSee Comment

SOFI = 6.85. STC 12/8 9.50 put for 2.67 and then BTO 12/8 6.50 put for 0.30. Or do nothing and buy a roll of TUMS.

Mentions:#SOFI#STC#BTO