I'm new to option trading or trading in general but I have studied a lot. I've never attended optionetics class; however, I can say that 2 days...
Total SPY summary: Delta 187, gamma, -7, vega, -45, theta 13.42
Sold SPY JAN IC 124/125 129/130 for $0.50 credit. Bought SPY 126 for DEC $1.40 right after the FED announce the rate hike. I paid about 10...
Sold DEC 125/126 spy put spread for $0.35 credit.
Riskarb, When we were in high school, we learned Vipassana mediatation. 80% of Thai school teach that.
I bought one spy 124 JAN/FEB Calendar today for 55 cent. If SPY drops back near 125 next week, I might sell 125/124 vertical put against it to...
I sold 1 1165/1175 SPX put spread for 45 cent today. This is same as what Phil sold on his journal. I bought 2 more spy put diag 122...
The spy dropped a bit so I sold 124 put for $1.05. Now I rolled the 123/121 calendar diag to 124/121 vertical put spread. The fair price of this...
I had a calendar diag here: 1x SPY -123 DEC + 121 JAN diag put spread for 0.10 debit. Bought back DEC 123 for 0.15 : reason: DEC 123 does...
Thanks for the explanation! I agree with you. I have different question. Suppose this is the situation: 1. Sell 1 contract xyz 50/55 credit...
I decide to take profit on aapl. My reason is that it ran up quite fast and may come back down a bit along with the markets. Then, I can put on...
I try to increase expectancy by trying to forecast underlying price. I use vertical spread mostly because I don't know how to predict volatility....
Thanks for the encouragement. Actually, I use simple TA such as moving average. I try not to sell spread against the trend. Also, I don't sell...
Does she trade option ? Was she a premium buyer or seller ?
Doc, I'm still trading this system. With warning from you and other people, I reduced contract size from 10-15 down to 3 contracts. I am...
Thanks! I agree that selling spreads involves two commish. It also means twice negative expectancy. One from commish + b/a spread of buying...
Thanks for the suggestion. It did not confuse me. I'll control myself not to do too many underlying.
Thanks for the encouraging.
I'm not so sure I can answer the r/r since it is difficult to measure. If I answer in term of maximum risk it would be much higher than my...
Here is my inventory. 1. 1x TSO DEC 50/55 put spread for $1.60 credit. 2. 3x SPX DEC 1125/1135 put spread for $0.5 credit/contract. 3. 1x...
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