My Awesome Trading

Discussion in 'Trading' started by Retief, Aug 14, 2021.

  1. Every time I buy or sell a deep ITM, long-dated call, I think to myself...wow, it would be good to be on the other side of that trade. :confused: I've gotten some really bad fills. But, there's always a counterparty.
     
    #71     Aug 23, 2021
  2. Retief

    Retief

    Another profitable week. The year-to-date return is up another 3.1% over last week to 57.6% and the Sharpe ratio increased to 2.05.
     
    #72     Aug 29, 2021
    taowave likes this.
  3. tonyf

    tonyf

    What is behind that 3.1% performance?
     
    #73     Aug 29, 2021
  4. Retief

    Retief

    Sold puts that expired worthless on Friday. I'll be selling more puts on Monday, for next Friday expiration.
     
    #74     Aug 29, 2021
  5. tonyf

    tonyf

    3.1% on CSP or margin?
    What kind of underlying?
     
    #75     Aug 29, 2021
  6. taowave

    taowave

    Volatile :)

    What's your avg IV30 and rank??

     
    #76     Aug 29, 2021
  7. Retief

    Retief

    3.1% on the value of the account starting on 1/4/2021, the first trading day of the year. The account value has grown by 57.6% since that date. I don't use margin. I only sell puts to the extent that I can take full assignment of the underlying without the use of margin.

    The underlying is what I consider fundamentally sound stocks. Stocks that I wouldn't mind owning if they were put to me, because I think the stock price will appreciate in value.
     
    #77     Aug 29, 2021
  8. tonyf

    tonyf

    That's fine but @newwurldmn has shit loads of experience in this space and would (correctly) argue that 1.5 to 2% unlevered normalised monthly return is more like it. Question is what risks you are taking to outperform.
     
    #78     Aug 29, 2021
  9. Retief

    Retief

    Concentration risk. I do not have a diversified portfolio.
     
    #79     Aug 29, 2021
  10. taowave

    taowave

    What percent of spot do you typically sell??

    And I still do not get this

    "The biggest gains have come from holdingstock while waiting for it to be calledaway"

    Regardless,well done
     
    #80     Aug 29, 2021