When vix is going from 15 to 20 you don't want to open more written options. I might go quickly to above 30. (See aug 5). When vix is above 40/50...
If you want to be long options you must have an edge because your chances are below 50% because of theta decay. Or your profits must be greater...
If you want to be an option writer, understand the greeks and their risks. And be happy with 20% instead of 100+% per year...
Thats correct, at the moment i'm short only 140 SPX puts. Also when IV is lower i'm not selling longer DTE options, short dated with approx 7 DTE...
It's not 0DTE, first expiration is 11 oct..
Your math is not correct. If i sell options for 6 dollar a piece i only have to sell 33 per year to collect 20K...
Also when vola is low i'm constantly buying vix call options to lower my vega risk. But thanks for the positive discussion with you! I have...
Here are my results of 2020, back then i did also the same strategy. Sure i took a 9% DD in march, but the index was down much more. I don't have...
okt 2008 was an positive month. I was already positive vega before the big gap. I was not trading my strategy at that moment but looked it up in...
Please give me a period where this happened?
I lived through difficult times (aug 2015, feb 2018, dec 2018, feb/march 2020) and never had margin problems. I do manage my account on hourly...
Can you tell me how do you achieve this?
Question? Do you do better returns with same or lower DD?
Current greeks..
IB is doing my business already more then 10 years. Every year my returns are above 20% with DD below 10% so i must do something right...
Separate names with a comma.