Long-scalping equity options against time decay and market drift

Discussion in 'Journals' started by fullautotrading, Jan 31, 2022.

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  1. I never got an answer on the $1100/day average on $2MM balance either. I must be too poor to be replied to on that one.
     
    #361     Dec 2, 2022
  2. Thank you for the question Overnight,

    Not sure what you mean by "captured any of the profits". Profit is continuously being "captured", as well as new losses are being created.

    I am not sure to understand what you really mean. Can you reformulate it?

    Are you asking whether I am always "reusing" an old layer to trade a new option?
    If so, not necessarily. Especially if there are no buy players open (= running "losses" stored in "memory"), you can just remove the layer.

    In this case, I am keeping everything open because I want to show you guys the whole global situation. But normally, I would get rid of the unused layers. And actually, I would gradually fade and move to a new clean session.

    (This app can hold without even blinking the information of hundreds of layers each with countless rollovers and related orders and perpetual full historic charts (note that IB GW or TWS for instance has to shut down every day), but it seems more practical not to exaggerate.)
     
    #362     Dec 2, 2022
  3. Sorry, what was your question? You guys have been doing so much confusion over here, I might have missed your question. Sorry about that.
     
    #363     Dec 2, 2022
  4. Overnight

    Overnight

    K, how about this. Since you started this combo meal at beginning of the year, has the amount of cash in your account gone up or down?

    So for the year, which is ending in a month, what is your realized PnL vs unrealized PnL?
     
    #364     Dec 2, 2022
  5. this was my query. I see the typo of 1M should read 2M.
     
    #365     Dec 2, 2022
  6. I'm not one for potty humor but at least you put an appreciable explanation into this one. FYI the namesake is my kiddo, not me. it's fine, you had no idea.

    bonus points for the accentuation as well lol.
     
    #366     Dec 2, 2022
  7. spy

    spy

    ? I thought it was physics humor... but admittedly it wasn't my best work. I'm not great at physics either so it probably is a parabola :rolleyes:
     
    #367     Dec 2, 2022
    lucysparabola likes this.
  8. The daily average I print at the bottom of the window is computed according to this ratio: PNL / TotalDaysElapsedForSession

    so it's just the ratio of the current PNL to the total number of solar days elapsed in the current trading session.

    Probably not very interesting in the short period, as it can easily be negative in periods of strong drawdown. But it seemed anyway entertaining to have it (especially when it gets positive :) ).

    At the moment the figure is 1180.06. Of course, there have been periods when it was negative and actually, it could return (temporarily) negative.
     
    #368     Dec 2, 2022
  9. LOL
     
    #369     Dec 2, 2022
  10. Overnight

    Overnight

    I think I realized the source of your nickname. It is Lucy Van Pelt's parabolic trajectory for Charlie Brown when she always pulls away the football right before CB kicks it. He flies in the air in a parabolic arc.

    Yes?
     
    #370     Dec 2, 2022
    spy likes this.
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