I like the cash settlement in the rare occasion I decide to hold the trade into expiration as well as having the ability to place 15 point wide...
You think a 5 pt move in Tesla is 2 standard deviations? Do you have any idea how volatile TSLA is? You’re not trading 5 point spreads on a $40...
Just know that delta is your directional risk and I’m starting that trade with close to 0 delta. So I’m trading volatility to the up or downside....
On the /ES once I hit the lower price target, that's when I put the stop loss on the trade so if the market pops back up I've realized enough...
Something nice to know is PDT rule doesn't apply to futures. Micro futures are 1/10 the size of normal contracts and they make day trading futures...
I'm coming to this one late. For those kinds of returns you're looking at far out of the money butterflies a few weeks (maybe months?) out....
Talk to your tax attorney on this. If your spouse is your beneficiary on retirement accounts, he/she can treat the assets as their own and deposit...
I definitely focus primarily on the S&P 500 in my main account but I have a few other strategies I place in equities such as straddles and put...
Nah this journal is the only trade data I’ll be publicizing so I’m starting with a clean slate here. But what I will say is I’ve been trading...
We're on track to close this week significantly outside of where the implied vol was pricing us to go. That's the first time this has happened...
I treat it as a very binary trade. It will either expire worthless or close profitably. Usually I'll set a GTC closing order set to trigger as...
Trade 2 closed: tIP SOLD -1 BUTTERFLY SPX 100 (Weeklys) 17 JAN 20 3290/3305/3320 CALL @5.10 CBOE [ATTACH] +$320 Profit - $4.14 Commission...
Stay tuned on my small account trade journal for earnings report trades. I'm not gonna go into it now but I'll be posting some butterflies on some...
Brokerage firms do this. Not to develop trading strategy but instead to manage risk on an aggregated level. This won't work unless you have a...
Like everyone else says get a POA. You would always lose the court case if one of them were to sue you for taking a large loss as you legally...
I would just record trade date, ticker symbol, Profit/loss including commissions, average win amount, average loss amount, and win %.
The vol skew is what brings the favorable pricing in the first place. When the implied volatility of the OTM strikes is skewed higher than the ATM...
I like to trade these right at the money. TSLA was at 442.28 so I made that the midpoint of my spread, which is why I used 440/445 as the strikes....
When I say being right, I'm referring to the underlying moving in the direction of your trade. So if you're trading a call debit spread, your...
Yep, your math is correct. From a quantitative perspective, as long as your entry price (max loss) is less than your max gain, there's edge. You...
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