@Eric Seto I just rewatched Z.3 and am now trying to apply it to now. I wonder if you could say more about the HD situation. I was actually in it at 365/355 and had 3 contracts for $0.65 (6.5%) each. As a newbie, I was agonizing over it as I watched it drop continuously on Thursday to $368. I decided to exit 2 contracts at $1.03 ($0.38/3.8% loss) and leave the other one open which of course turned out great on Friday. So as best I can tell, I mostly broke-even: -2x$38 + $65 = -$11 so I don't see much of a need to do a debit spread. But here are some of my questions: 1. Can you please comment about the degree of loss incurred (in pct of the trade only) that would warrant a swap into a debit position? 2. How far ahead in time do you typically go? At least a certain amount? No more than a certain amount? 3. Would you only use SPY in such situations or would you also consider QQQ options? 4. What do you think of my move to sell partials as a risk mitigation strategy? Good idea or is it better to just hold onto it and use the debit spread to make back the money if HD dropped to the $360-364.99 range? For the current situation on SPY, the broker says -1SD is 620 for SPY on 12/31/2025. A 620/610 debit spread costs $9.04 so for 3 contracts I would pay $2712 and if SPY stays above 620 on 12/31/2025, then I receive back $3000 and make $288, or 9.6% on my money. -1SD seems really low risk to me. But typically it sounds like the losses in a credit spread can go much higher and so one would have to take quite a bit more risk to make back the money. Can you elaborate a bit more please?

AVGO is usually too volatile for me, but I'm intrigued by this week's opportunity since there was a decently strong hammer candle this week. Curious what others think? Python output: AVGO price: $349. Next earnings date: 2025-12-11 AVGO exp: 2025-11-28 (3.2 wk), Buy str: 290.0, Sell str: 300.0 (14.1% drop, 5/1/0.5y prob 97/96/100%, POS=91%). OpenInt: 385 Mthly Gain: 5.9% AVGO exp: 2025-11-28 (3.2 wk), Buy str: 295.0, Sell str: 305.0 (12.7% drop, 5/1/0.5y prob 97/94/100%, POS=89%). OpenInt: 177 Mthly Gain: 7.1%

The AI/robot impact is real. Robots will work 24x7 and will not demand to work from home...... Perhaps become a robot technician? ;)

I met with a friend recently who told me they’ve gone all-in on a few covered call ETFs. The appeal is clear — they can generate steady monthly income by writing options on top of a stock or index position. For income-focused investors, that regular cash flow looks attractive, especially in sideways or choppy markets. Just wondering if others here have looked into this or are doing the same? Right now I’m focused more on growth, but I like learning about new strategies so I can potentially allocate a portion of funds toward it later when it makes sense. My friend is reinvesting everything back as he's still young --- but with a good account size, I heard this can really be a great option for those who want to be hands-off.

I'm new to the community and just finishing up week 3 of the lessons. The overall direction from Eric has been to hold off on investing during the month of July. As I look at the stocks for companies I like and use everyday, it's actually pretty hard to find a decent stock in which to invest at this moment. The only one I can seem to find is AAPL. When I looked at the bar charts, it looks to me that its consolidation is almost 100% complete and it is about to take off. It's at $212 and the floor was $170 at the height of the tariff wars. It seems like a strike price of $160-$170 is a pretty safe bet for this relatively strong company. Running the 30%/year options spreadsheet shows breakeven at $235-250 and money doubled at $300-310. AAPL's all-time high is $260. Eric, any thoughts on whether this is an attractive investment now vs. in a few weeks? My gut says AAPL is ripe for breaking out if any good news comes along.