My goal is to make at least 30% per month

marsman · Jul 27, 2016

Regarding the 30%: that is meant "30%/month on average", ie. some months can be above, and some months below...
This is also because one does usually not end/begin at month boundaries when trading options, ie. the expiration date lies in the future...

marsman · Jul 27, 2016

Current status:

profitlocker · Jul 27, 2016

marsman said:
Regarding the 30%: that is meant "30%/month on average", ie. some months can be above, and some months below
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Congratulations!
You've won the ET full of shit of the year award.

marsman · Jul 27, 2016

profitlocker said:
Congratulations!
You've won the ET full of shit of the year award.
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And you have won the top place in my ignore list... Bye!

profitlocker · Jul 27, 2016

marsman said:
And you have won the top place in my ignore list... Bye!
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Likewise. No hard feelings

marsman · Jul 27, 2016

JackRab said:
Solarcity Feb 2016 from 28 to 16 within one week
Twitter, also Feb 2016 from 13 to 18+
Aixtron, May 2016 from 3.80 to 5.70 within 3 days, main part was in a gap opening

Then there are numerous daily movers that move beyond 30%, and a fair few with options.
I've seen these moves on expiration days, mid-week... it's not uncommon.

The ones I mentioned I just remembered... didn't even run an analysis of daily/weekly movers. And those are not small low cap firms.

OP will look at highly volatile stocks for his strategy so he can sell high premium OTM's /strangles... so probably thinly traded stocks which will have these moves now and then... probably low market cap firms, which have higher takeover risk or bankruptcy risk... hence the high implied vols and high option premiums. He will run this strategy on multiple stocks per week... And he is looking at keeping the positions until expiry, only (trying) to hedge when it hits his short strike(s).

With the strategy he's looking at, that 50% move or more and probably even a 35% move will wipe his account out....

[edit]... I forgot my favorite, Nintendo... +85% within a few days after Pokemon Go came out, Then another 38 within another few days... then a 55% drop... And this is a USD 15 bln company when it started.
[edit 2]... Volkswagen Oct 2008 went from 170 to 1000 in a few days... and back to 'normal'...
[edit 3].. .damn, I keep editing because I keep remembering big ones... Volkswagen again from 160 to 100 with the diesel scam....
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Did all these catastrophes happen in the same week? Nope.
Can you calculate the probability of such an event happening to your weekly holdings?...
(hint: there are about 500 weeklys, 4000 monthlys, 50 biz-weeks in year, using about 5 underlyings per week, expiration 1 to 2 weeks, ...)

...I'm not afraid of any ghost

marsman · Jul 28, 2016

Me acting like a MM, ie. frontrunning the MM, an example:

gkishot · Jul 28, 2016

marsman said:
Me acting like a MM, ie. frontrunning the MM, an example:

View attachment 165688
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It's time for the live account.

marsman · Jul 28, 2016

gkishot said:
It's time for the live account.
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I decide, not anybody else. As said, pls spare me your so "well meaning" advices...
Not even the 1st month is over yet...
And the automation of this is not finished yet, and I'm doing it with a partner, ie. we need a consensus about each step...

marsman · Jul 28, 2016

As a short-seller:
If the underlying rises: sell (more) calls
If the underlying drops: sell (more) puts

Current status: