Sure, except you weren't trading Karen's strategy. You didn't just automatically sell puts or puts and calls.
Dude. Seriously? Have you not read anything that I post? I never traded Karen’s strategy. I combine her method with the Tastytrade methods and I throw in some of my own special sauce. That’s why I’m Bobby the Supertrader!!
So here is his position posted today in his TOS paper-trading account. Long vol and short delta. 25x35 paper trading. Below is the 3x5 position in ES he is/was holding in his production (real) account that has a $4K net liq. Well, before he blew out and began showing trades in his sim-account. How did he go from short 230 ve to long 72 ve with no trades? Sim-account. The 3x5 diagonal was real. The 25 lot was sim. He shows whichever account (real or sim) is winning on the day. The dude should be banned.
You can see that @Sweet Bobby crops the bottom of the "paper money" sim account. He does that because the sim-account uses orange fonts/symbols on the pages. The production account uses green. Baron, you need to close this scam journal.
Here's the production account on iOS. Green symbols. Bobby cropped today's winning screenshot bc it's a paper money account.
Dude has a $4K account (or did) posted to his blog and then he's trading 25 lots of ES vol? Then the trade morphs from short to long vega? The 3x5 legit trade does not flip modality (locally) so the only answer is that he's trading the 25x35 position in TOS Paper Money and the 3x5 is in his actual production account. Paper Money account shows ITM legs. Real account position is 700 pts OTM and losing money. He's LOST 1800 on the 3x5 diagonal (current mark of 16.00 x 2.25 on the individuals).
This journal is becoming more and more like a couple of school kids in a playground boasting about who has a bigger weenie. It's a shame as there are lessons to be learnt here about how to handle a massive drop, like the current one, for option sellers. Alas, Poop Dick - the self-appointed, knight-in-shining-armour - will troll and troll and until put on ignore.
Ok gang, today was the best trading day of my life as far as percentage gains. My PhD dissertation is on developing a strategy that allows one to make positive returns in normal markets, while making meteoric returns during market corrections. As you recall, the account started with $3,900. (Originally was $4,500 but I withdrew $600 before trading began.) I have maintained meticulous records of all trades. Today, the hedges kicked in and I decided to take profits. I closed all positions with the exception of a risk reversal trade that expires today. Total realized profits in the account total $3,993.56 for a return of 102.4% return in only 25 days. Now I know you’re going to say that I entered the hedge at just the right time. You are correct. However, the strategy allows me to make money even when the market goes up! I am able to do this because of what I call the golden ratio between short puts and long puts. I’m not sure why this ratio works, but it does. Violate the ratio and your account is at risk. I will start entering new positions in this account now that I have confirmation that the process works. I thought it would, but it’s great to see it work in real life. Now, I have been attacked to no end on this forum by uneducated trolls. I challenge any of you to take up my offer. In the highest attempt to be transparent, I will gladly Skype with you and show you my screen with all my orders. Hell, I will post my February statement once I receive it. I just don’t know how I can be more forthcoming. I don’t need to prove to any of you anything. I took Karen the Supertrader’s strategy and meshed it with Tastytrade methods. I added my own research that I found over the last 10 years searching for sufficient hedges to protect and enhance Karen’s approach. I am fully confident in my strategy. It is not the holy grail, but it is damn good! I am forever, Bobby the Supertrader!!! Happy Trading!