@Magic You've hit the nail on the head. I didn't come in asking for feedback (I re-read my opening posts), and I had decided already what my...
@Magic This will elicit howls of derision, but I'll say it anyway: I don't think anything about the values of the strangles. I've observed that...
@JSOP I don't try to predict stock price direction. I trend-follow though, and APPS does look like it's trending up. That would've been visible...
@tsznecki Yes, real money. If it was paper money it would show "Simulated Trading" in the upper-left corner, like this screenshot from my first...
Day 2 Update Tuesday, 8/24 A bad day, down 9% from EOD yesterday: [ATTACH] And they still haven't credited me the Option BP from the 5k I...
Thanks for this great advice. Obviously I don't understand most of it, but I'll study in the directions you pointed out. I think what you said...
JSOP, Thank you for taking the time to research and lay out that GME hypothetical trade, now I understand what you meant earlier about "scenario...
Wow, thank you for all that! Maybe it's confirmation bias because I'm hearing what I want to hear, but finally I've found someone who seems to...
qlai, welcome to the thread, and I'm glad you'll be following along. Have you ever concentrated just on strangles? I saw that quote at the end of...
Day 1 Update Monday, 8/23/21 Off to a great start, lost $27 AND negative margin! [ATTACH] The margin I'm not worried about, they just haven't...
MrMuppet, thanks for that article, very interesting. Also for your own words on the matter, from which I learned that I'll need to be mindful...
To all, thank you for your feedback, sincerely. It correlates with a lot of the advice I got in my first journal (which I don't think any of you...
I actually started trading this account on 8/12/21, and added some cash this weekend so it starts at about 10k NetLiq: [IMG] It comes into this...
Ground rules: TD Ameritrade Thinkorswim REAL MONEY margin account. Log end-of-day balances. Measure drawdowns best-EOD to worst-EOD. Stocks...
Hi all. I came here to Elite Trader on July 16, 2021 and started a new trade journal about selling short strangles at 10-delta (and also...
But delta generally IS accepted as a proxy for probability in the money. Wikipedia: "The (absolute value of) Delta is close to, but not identical...
I'm not an expert by any means, and in fact am just a neophyte, but I'd say in future to have more faith in delta. 5 delta is WAY out there, and...
Very nice, thanks for sharing. Do you recall about what the BP was on the AMZN trade? Maybe about 40k? If so you made about 1.4% on that trade...
For sure. Take advantage of the juiced premiums due to earnings coming up, but don't hold it THROUGH earnings. Let me/us know how it goes if you do.
Thanks for your support and encouragement. Are you going to try another AMZN strangle tomorrow?
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