best options strategies for advanced beginners

Indeed, or t/d if you like

 

that’s like saying “use your speedometer” to determine the value of your car.

 

It seems to me that the same thing would happen if you had bought the stock. Less the premium received. A loss. I don’t sell CSP unless im willing to own the stock.

 

Interesting, what do you exactly mean by this? (i know g = f'(x) of d)

 

You are capping your upside without limiting your downside - so you're "willing to own the stock" but don't like it too much

 

Hmm. You can back of the envelope the value of the option by looking gamma to theta relatio. That’s like determining the value of the car based on speedometer and a fuel gauge, right?

 

Suppose you are a directional trader who wants to be longer term invested, in my view one can use the longer expiration and convert the postion somewhat when you want to 'take tempory profits', or expect slower momentum* after a relatively large move. Or use t/g for creating spreads/calenders. Do you disagree with this?(really curious)


* ofcourse the assumption one can anyhow predict this beyond random, which can be a futile attempt




But do you disagree with this?

 

90% winning strategy right here! Please do not actually do this, but it is a good learning exercise.

 

>> best options strategies for advanced beginners

That's a peculiar formulation, I gotta use it too:

- Job opening for senior junior developers.
- For sale: state of the art obsolete machines.
- Looking for progressive conservative to join our party.
- World's leading unremarkable scientists make an announcement.

 

I would put myself into advanced beginner category.

I would say trading 0 DTE bull spreads on QQQ. And/Or butterfly/condors on IWM.
SPX, NDX, and RUT is for more advanced.