I admire all the work you have done! Do you trade this with real money or do you use a demo account? Max margin was 1.3M, profit 73K so you made...
I'm a professional and writing options is my most important income. You have to hedge (keep gamma under control) to offset the risk. Also don't...
I don't think so, it is your average cost price..
How much did you receive for the 1200 short put? You're average price will be lower then 1200 with the amount received..
Thats true, but you have to reserve the money in case you have to deliver. And a deep ITM call can be called away earlier so your return can be...
Buy 100 SPY @ 440.50 Sell 1 17 Mar 23 360 Call at 97 Investment 34.350 If SPY stays above 360 your profit will be 1650 dollar. Thats 4.8%. Also...
A deep ITM covered call on an index can be a good strategy. If you go to eg delta 80 delta and 365 DTE you can make 5% a year with 20% downside...
A 90 dte call will be more expensive then thee 60 dte. The time decay is lower but you will lose more if the market has a big correction.
If you buy a put you will have the same time decay. You can buy a 60 dte call and sell it at 30 dte to minimize the decay
No, its 100 delta. Delta has no relation with dollars. Yes you can just buy a naked call instead of future with protective put.
You can see the futures as an 100 delta option. If you want to buy a 30 delta put option your net delta will be 70 delta. For lower commission and...
Not only is your insurance only 88%, the stock also has to go higher then 112 to make a profit. You can also write deep ITM calls (e.g. 80 delta)...
I also have my own data and software. But with your own software you can use much more parameters to test with and also do complex setups
No, I'm an option writer. I sell SPX options and buy the puts to lower my delta/vega exposure.
Spread is almost 30 cent for the options. So maybe the transaction cost of 3*SPY is less then the spread loss... The spread in UPRO will be much...
Which symbol would you like to use?
I ran some backtests on SPX (open 1 every day if vix < 20), see results: [ATTACH]
But the profit on 3 month vix options is lower. On 18 march 2020 the 30 days vix was about 70. The 90 days vix future was about 50. Most recommend...
I backtested these parameters. They are optimal for me :) They also protect for e.g. moves of -5%.
I sell them at 14 DTE
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