I'm going to stop trading and posting about this strategy for now until I can do it with real money, but I WILL be back! Might as well go ahead...
Thanks again for the challenges. Before I respond to your individual points I'd like to make a statement to all that might help clarify where I'm...
Thanks for doing all that work, and for including "normal" stocks. Those actually seem to make money over time using this strategy, aside from...
The account is up 10% at the end of its 4th full day, but of course that may only be because lax margin requirements allowed me to put on too many...
Magic, thanks again for your insights, though I still don't understand a lot of what you say. As for having an edge, or "alpha", I certainly...
So even though this whole thing might not work out as I'd hoped, I'll keep posting daily updates. Screenshot at the end of today: [ATTACH] You...
Caroy, thanks for the encouraging words. You're right, the returns I was seeing were indeed "other worldly," I should've recognized how crazy...
I tried it in a TW acct a few weeks ago and was seeing margin requirements 2 to 3 times as large as the TDA paper-money acct, so I bet that's what...
Well crap. If we're comparing apples to apples then this blows my strategy all to heck. Taking just the FCEL trade, a net credit of 7.70 with...
Rainmaker1, welcome to the thread and THANK YOU for doing that, that's exactly the information I've been looking for! I asked TDA that question...
Day 2 EOD. Three trades placed yesterday closed at 50% profit: [ATTACH] Snapped at 4:38 Eastern. RIDE closed automatically at 9:31, so I did it...
Pretty slick, wasn't it? A 1-day trade. My RIDE position closed at 50% profit at the open, just did it again for this week's expiration.
What does "5 Delta as high value SN" mean? Great PoP on that btw. You'd expect "about" 90 with 5 delta legs, but you got much better than that.
Thanks for asking, but I explained earlier that TDA didn't give me Tier 3 options approval when I first applied, so I have to wait 60 days to...
Trades set up Sunday for execution at the open on Monday. I set the prices at the Natural price (they default to Mid), counting on TDA to give me...
Thanks! Here's the initial 8 trades I loaded up Sunday. ~5k per position, 40k overall for 80% invested: [ATTACH] That just shows the symbols...
20-Delta Short Strangles Campaign starts today 7/19 In a TD Ameritrade Thinkorswim (ToS) paper-money account I was mostly selling Short Strangles...
Sorry about that, didn't realize all the html code was going to come with it when I copied from my blog. Deleted and re-posted.
Nice. You went all the way out to 5∆, huh? Looks like the trade is doing well for you so far. Did you happen to note the BP/collateral when you...
Tayte, you give me WAY too much credit for knowing anything beyond the merest basics about options. I guess you don't use ToS, but you can add a...
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