Karen the Supertrader - TastyTrade Hybrid Experiment

Old news. Next!

 

I'm quite confident that T&T have not had a profitable year since tastytrade began. Early on their scalping was pretty good until they really stuck to their hold until you're right BS.

I think they are still short ES from 6-700 points ago!

For my taste, selling naked options (capping your upside to increase you POP while not capping your downside) is bass ackward.

 

Of course...hindsight is 20-20.

Yeah, but what if the market was DOWN 20% last year ?

 

Just do a credit spread....that will cap the downside.
I believe the 4 legged version of this is called selling a condor....

 

We are going to see it this year...

 

I sold a strangle in FXI today for a 1.04 credit with 45 Dte. I will close it for 50% profit, or a loss of 2x the initial credit received, or after 22 days - whichever comes first.

 

My probability of profit on the trade is upwards of 70%. I like those odds!

 

I would recommend that you look at maximizing payoff instead of just probability of win.

payoff = probability of win * (reward/risk)

 

Not if you "bet the farm"...LOL.
What % of total capital did you risk ?

 

I don’t solely look at probability of profit. This was the best trade for me on the board today according to my criteria.