I'll take syntetic delivery by putting in a MOC order in advance for equal dollar amount in ES, SPY, VOO, whatever
I trade the 1-1-2 trade in /ES. Buy a 50 point wide put debit spread at 129 DTE for about $10. Then sell two five delta naked puts in the same expiration. Close the naked puts at 95% profit or at 30 DTE. Put on a new trade each week. After 15 weeks I close one trade and put on another trade. Most times the put debit spread is a full loss at expiration. Occasionally, you get profits when price moves inside the tent structure. This has been a wonderfully consistent trade for me.
Welcome back. Have not seen you around lately. Sounds like you are doing well. Questio: What is the purpose of the debit spread?
I'm not an out and out seller I construct strategies with various expiries, so while I maybe nett short I'm still enjoying the regular profits from owning some options. I just have no time for naked put sellers and the Robin Hood crowd
I trade naked short vol all the time and while I get whacked once in a while it’s worked pretty well. I also do structured trades too and am occasionally long gamma/vega.
1. Why don't you do butterfly instead of naked short? 2. Long gamma/vega, but the devil is in the details.
Yes, I too would like to use Butterfly, but it requires MarginAcct while I prefer CashAcct... I think the situation with many IRAs is just like with CashAcct.
Are you referring to Flys?? Flys are not necessarily Long gamma/Vega,esp ATM They can be structured as such Think about it