Selling Premium - Strategy Never Discussed

The GME 40s I sold for $5100 will expire in a few hours. I added 10 more 45s last Tuesday for half that premium. Will add some more Monday.

The GME phenomenon has really provided a shot in the account these past weeks to an already super-performing portfolio.

Maybe somebody can provide a quantum mathematical analysis and tell me how it's really a bad thing.

(I don't do Sharpe anymore. It penalizes positive outliers. Sortino is better, but why bother? I've been doing this long enough that I don't need it. Besides, how do ever get a large enough data set unless you begin trading? Paper?)

 

You will not be able to add more on Monday, as it is a holiday.

 

You're legendary.

Your Sharpe and Sortino suck because much of your portfolio is naked risk. This thread is a joke.

 

I'll commit to posting a trade or two each week. I challenge destriero to do the same.

 

Are you trading reg T or PM

 

How about you just commit to learning what a Sharpe ratio is and posting yours? That's all anyone is asking.

 

Your GME puts look like shit.

You produce a day's PNL exceeding $1MM and you're on.

 

Thanks CET for the holiday heads up. Totally escaped me. In light of that, I'm not waiting until Monday.

I bought to close 10 GME Feb 12 40 puts for .01 debit. Sold to open 10 GME Feb 19 44 puts for 1.51. Volatility is disappearing fast on this one.

Profit on posted trades so far: 5.09 or $5090 - 24.60 = $5065.40

 

Anyone who wants to know my Sharpe can calculate it themselves from the trades I will post.

 

Or you can just tell us what it's been for you historically. Surely you know that off the top of your head?