I did scalping on forex a while ago but without any success, I don't feel like it's something for me. But I mastered technical analysis in the process so wouldn't call it wasted effort. That allowed me to position my directional trades on options without large exposure to risk and profited me nicely so far .Went on and started digging deeper into options and read like 4 books about MM, volatility trading etc. And here I am , want to see how others do it and how can I improve... It worked so far on stocks but as we know we have bull market and losses can be terrible once that ends, hence prefer options trading.
Currently long on CBMX since 4.3 Call CRR 12 '21 APR... time ticking on this one but don't have that much Short Strangle 25 Call 22 Put Jan '18 on Snap
Strangle IV already dropped from 63 to 50%. Little earner in 3 days. Holding for time value. Breakeven 14/38 less likely now Cbmx nice up, holding. CRR hoping for rebound now.
What was the underlying for the strangle? I must have missed it. CRR and CBMX positions, are they expressed via options too or just stocks? Is that the type of stocks you usually look at, low beta, mid-cap names? What is your name selection criteria? How many names do you look at any given point in time? Do you take some sort of fundamental data into account or is it purely technical? Are you market neutral most of the time or have a long lean? PS. might be interesting to follow and participate, especially if the approach is grown-up and systematic
Snap Short Strangle 22 put/ 25 call. CBMX stock long, CRR call 12, apr 21 My selection criteria are - screening stocks that dropped 60% over last 2 years and then rebounded 30% last 3 months. Then I do arbitrary selection, analyse fundamentals, growth of revenue etc and look for technical reversal signs - thats how I found CBMX and entered with 70% of spare capital (approx 30% total) @ ¬4.25. Can wait for good stock for years. Usually up to 5 positions Depends. CRR is pure technical stock. CBMX both. BUt wouldnt enter with large capital on technical analysis only Not sure what is long lean. I try to have arsenal of methods and chose those that work for me. Best results so far with stocks. For example I hold large holding of PEL.LSE @ 1.5 for a year or so Right now I want to preserve what I earned and grow. But market is pretty hot :|
Long lean - meaning you prefer to have an overall long position with respect to the market? As an alternative, you might have equal amounts of longs and shorts to be net neutral
I looked at IB stats and always shorts are dragging my balance down. From today I promised myself no more shorts.