Nice work on the profits - looks like the average trade size/leverage went up overall though - if I sum the credit of the first 10 trades it's less than 1/4 of the average trade credit of the last 10 or 15. So what used to be a 1500$ up day in June is now a 6k day in September.
Yes, you are corr correct. For those who follow this thread, you might remember that a few weeks ago I said that I needed to rev things up a bit. I was being a little too conservative. Whereas I was trying to maintain a theta of 1/10 of 1 percent, I was often below that level. Based on Tastytrade research, I have now increased my theta range from a minimum of 1/10 of 1% to a maximum of 1/2 of 1%. I also now understand that I will keep about 25% of the total premium that I sell. This, I have a pretty good estimate of the amount of premium that I need to sell in order to reach my profit targets. Also, I am trying to use no more than 30% of my buying power. The strategy is a work in progress but thus far, I like the adjustments that I have implemented. I am a much better trader today than when I first began this experiment.
Bobby, XIV is up 40% since April 5th. That is the short Vol ETF. Why are you just not long XIV? You get the same benefit without the upside drift risk.
Bobby if you rack up any more profits, we will have to contact Sosnoff and let him know there's a new Super Trader in town.
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You damn fool! You are always popping off anytime you have a little success. But where is your ass during the drawdowns, huh? Not a peep out of you! Get lost loser! Geez!