Intraday Options Trading ?

Discussion in 'Options' started by TheMordy, Jul 16, 2023.

  1. Quanto

    Quanto

    IMO options are not suited for daytrading, you should hold it at least overnight.
    Due to big B/A spreads one needs to hold it even more than 2+ weeks or so, IMO.
    Of course depends on the strategy used, and there are countless strategies possible with options.
     
    #21     Dec 13, 2023
  2. Good if it works for you, but in general theta decay is not an edge in any way.
     
    #22     Dec 13, 2023
    taowave likes this.
  3. taowave

    taowave

    Why would you ever do that??

    You are wrong directionally, then short the strangle??

    Why wait??

    What does being wrong on a directional bet have to do with shorting a strangle??

    Completely independent bets that should stand on their own..

     
    #23     Dec 13, 2023
    newwurldmn likes this.
  4. what about going long OTM butterflys. the risk to return is worth it.
    because all those 20% deltas sometimes get hit and its better than playing the credit spread side and getting whacked picking up nickels in front of a freight train.
    if and when price moves into the tent, thats when the theta works for you. consider 30 to 15 maybe even 0 DTE on that approach.
     
    #24     Dec 15, 2023