Thetagang Strategies - Best covered call strategy?/ fundamentals question : r/thetagang.

I do them on SPX and don't talk about it here "BECAUSE WHAT ABOUT MAX LOSS". Was up almost 14% in 3 months which is phenomenal imo. Theta gang strategies are just option selling strategies. I recommend setting a stop-sell order after your stop-buy goes, that way you can dump the stock if it begins falling. Since you already have shares that are over a year in holding, see if you can change your brokers share treatment to LIFO (last in first out), so you can be sure to reduce you trading tax burden to only your trading activity. Jan 16, 2024 · One strategy that has gained popularity among traders is the “theta gang” style of trading. I estimate profit using 1/4 of Theta (extrapolated to one year) or Extrinsic * 3. Hi everybody, So, I was doing 16 delta strangles, but when IV went up I got more aggressive and sold 30 delta strangles on ETFs. Please be civil in your discussions, no WSB language or swearing allowed (automod watches your language on this sub). The stock choice is because i want to start with something that. While the more prudent traders allow for margin requirements to double, they mistakenly look at maintenancr margin and not at initial margin. For those of you who have been running the wheel for 1 year +. The past decade reveals managers’ growing awareness of the need to incorporate technological issues within strategic decision making. And futures trading in general tastyworks had great support. Calendar spreads are generally long vega (benefit from rise in IV) so running them on high IVR stocks is prone to loss. Which tool is better? Hammer or screwdriver? Wheel is safer but less profit. It was working like a charm while the IVR was below 15ish. AMC is not for the faint of heart. Its conclusion was save more, live frugal, buy s&p500 index and hold, surprise everyone when they inherit millions after your die living in a hut in Sheboygan. What are some strategies I can lift the profit to 0. We are selling options to WSB degenerates using thetagang strategies! I know that some traders tend to stick to a handful of strategies they are keen on and ‘trained’ to spot. EWZ, JETS, FXI, EWW, EEM, SLV, X, OXY, GPS, MRVL, CLOV, AAL. A few of us have recently learned that short strangles are a bad strategy in low IV environments. 13 Month Wheel Update 300k Account. thats when it starts to accelerate. Selling PM differs from broker to broker but a naked SPX position on Reg-T will require somewhere around $85k for each contract. Usually only utilize 60-70% of bond collateral for put selling, unless I find a 99% belief trade and go balls deep. Worst case is that the stock expires under $7 and I only keep the. used jeep trucks TW gives you easily FULL option trading access (trading naked etc), you need to apply to the "the works" margin account, min. Live tracking for Option Sellers, made simple. But they are extremely capital efficient and the premiums are very good. I've set a relatively conservative goal to develop passive income and it's worked for January and most of February, but because of my high trade prices within my portfolio, I'm not sure I'm going to be able to enough premiums to make it worthwhile. I’ve had good luck trading TNA (triple leveraged Russel 2000) options in the past, but that’s a whole different animal with low volume and huge spreads. My take: After having looked at this trade a little harder, I'm. I know I will probably get torn up about this post, but the only backtesting I see on this subreddit is linked to a small Tasty Trade backtest of the. Wheel Strategy vs Vertical Spreads. These options are priced expecting the underlying to move down significantly more than it has moved down in …. Theta and theta decay are the core of any premium selling strategy. What are bearish thetagang strategies? 🐻. They're going to be a part of your strategy if you are a real Wall Street Bets player. The only case you might be careful with is AM expiry. #the-wheel #options #robinhoodThe Wheel is a winner's strategy for building wealth trading options. If you don’t know what time decay is, it’s basically the underlying principle that dictates that If all other variables are constant, an option will lose value as time draws closer to its maturity. The "core" six position types ("strategies") according to tasytrade are short strangle, iron condor, credit vertical, diagonal, ratio and broken wing butterfly. Your delta neutral strategy is just shares, so no premium collected in your example. beebe walk in millsboro photos I think if I was going for highest returns, I'd sell credit spreads on volatile stocks. deseret news obituaries utah One strategy that has gained popularity among traders is the “theta gang” style of trading. The whole concept of LEAPS may be counter to the principles of Theta gang but would you correct my theory that given a stable stock like AAPL, SPY, MSFT, investing in deep ITM LEAPS (with Delta >. Theta Gang StrategiesIf you’ve been studying options trading for a while now, you’ll probably agree that there’s something exciting about the potential to wi. Noticed everything is default to FIFO but the way the market has been raging on this year, feel like that might not provide the most. You said that you want a strategy that will provide 8% beyond this MMF return = $8,000 a year, or $667 a month. As an example, one of the most common thetagang. No more than 5% of total account value at a time and more more than 40-50% buying power usage in total at a time. My strategy is what you get when you do an 80/20 analysis on all available strategies and jumble together the 20%s into something that functions. With so many dining options available to consumers, it’s important for re. Are you an avid gamer looking to improve your skills in Temple Run? Look no further. A large number of people who are members of Theta Gang are students, seeking advice to learn, grow, and profit. Reddit r/ThetaGang was interested in the Wheel Options Strategy tracker I posted yesterday so I went ahead and made a video explaining the various columns an. For instance, why not just implement thetagang on some …. It’s not meant to outperform buy and hold. Don't give up if that strategy doesn't work on a few trades. The wheel is NOT a bullish strategy and that is why you think it under performs buy and hold. GUGG US 50 DIVIDEND STRATEGY 31 CA- Performance charts including intraday, historical charts and prices and keydata. You can return this item for any reason: no shipping charges. All christmas till a day where nifty drops 3-4% and you will lose half your capital. If you are doing it on a covered call, it becomes a collar. If you can turn over 2-3% once a month, you. The game is simple, the prizes are big, and the competition is fierce. How do you get ahead of their judgemen. Bad entries, buying shitty speculative companies, poorly set up options trades, selling under CB for bigger premium, etc etc. Since i have limited founds I've started on a cheap european bank stock (ACA) because it has high dividend and in not really volatile. This is used to determine the Call or Put Premium associated with the pricing of options (implied volatility). Ignore capital efficiency, I am just. Sell the shares short to hold -100 shares, then sell a put that if assigned +100 shares covers the position. Close position with ~1DTE and use premium to buy additional shares of UVXY. PYPL, sell puts at $70, then if it goes that low be happy to own it at that price. Just look at Examples of AMD mooning from …. Nov 23, 2023 · The theta gang strategy is an advanced trading tactic that capitalises on the time-value decay of option contracts. That’s pretty much the strategy. Beat the capitalists at their own game with ThetaGang 📈. That isn't a thetagang strategy, its WSB in disguise. The average cost per share is about 200$. Just looking for a discord or something of the sort to talk to traders, get some one on one advice, bounce trade ideas off of, and just talk options trading with. It's a macro view of the strategies for short and long term use of the approach. Now you may believe that the model used is incorrect and/or one or more inputs to the model is incorrect. Daily Discussion Thread for November 14, 2023. It is generally low risk and is resilient to a stocks. wtvm local news columbus ga This is one that I harp on a lot. So his spends the whole video complaining about TastyTrade and the mantra of "Trade small, trade often. The Wheel Strategy is a popular “theta gang” options strategy for those who want to generate passive income on stocks that you believe in. Most days, the move is within 1 standard deviation and the r/R looks pretty good. Play around with the numbers until you find the deltas that are most consistently reliable, create a strategy around that and only that, then trade that strategy until it doesn’t work anymore. These stocks and call options are the most directionally bullish. Having said that, the tasty trade guys give a lot of talks around what makes a good iron condor play, and for the most part you’re looking for a stock with high IV rank, high liquidity on the options, and enough premium that you can collect 1/3 the width of your wings in …. A very popular “Theta Gang” strategy is to close any positions once they reach 50% profits, and never close at expiration. Snowflake, good datalake business model. garrett haake allison harris wedding We know that theta decay is not linear, but it gives you an. Our community provides a platform for helpful and honest discussions aimed at helping you. If your put is over 50% max profit, with this much time to exp, you should roll it up to match the call's delta. Didn't do a good job explaining collars either. An aggressive financing strategy is a financing strategy under which a company funds its seasonal requirements with short-term debts and its permanent requirement with long-term de. Choose a delta neutral strategy you want to try. A 110% total return over 5 years. Among Us has taken the gaming world by storm with its unique blend of deception, strategy, and teamwork. Hi All, I have noticed that the put premium for most of the companies (healthy companies only) is really good around the earnings week. For example, AAPL, if you followed a weekly strategy of selling calls at 30 delta you would make about $50 per contract. Hypothetically, what would be the risk of doing the following: Sell x deep OTM call options with a strike price of s1 (asset price + 10%). As it gets near ATM, it’s extrinsic value is highest, so rolling is best done in the ATM zone (turn on extrinsic column to see this in TOS and TastyWorks). I usually reopen a new position the same day as I close, unless it's a very green. This bot implements a slightly modified version of The Wheel, with my own personal tweaks. What are the Theta Gang strategies? The wheel. What are the most aggressive thetagang strategies? The most commonly touted strategy here, the wheel, is often considered a relatively passive thetagang strategy (of course depending on the underlying), so what are other strategies that are more aggressive? 8. The premiums on qqq are not great. You sold a 50/55 vertical call spread for $1. Overall strategy is 75% boomer dividend stocks + 25% proper long dated deep ITM LEAPS on growth. Among Us has taken the gaming world by storm, captivating players of all ages with its thrilling gameplay and intense social interactions. I am fairly new to the process of selling calls, as I have mostly been buying call/put options for the last few years. I'm in the green, so now it's fun. The better bet when you are playing directionally is always being long an option. This is an exception to the rule of not trading really low deltas. I'd be curious if anybody's done real mathematical studies on the 50% profit close strategy and its limitations. Before planning an efficient Cal. Receive social analytics and insights into the next meme stock direct to your inbox, sign up for our newsletter. Are there any strategies where taking assignment on a short option is a key component? Anyone running any strategy where getting assigned is an integral part of the play? I guess covered calls could be an example where you’re looking to get rid of the underlying but can’t think of other examples. The lowest it went was 665, so (705-665)×18×100 = -72,000. Check your account in the morning, and it should have all settled out. r/thetagang • Wheel strategy 100k in 3 month with 26% annual projected. Wheel has 6 strength but 8 health and 9 dexterity. This uses a series of technical indicators to provide a long (blue arrow) or short (red arrow) signal. snoopy get well soon gif View trades's THETA GANG profile and trading history. I decided explore two examples, one directional and one delta-neutral. Tax implications of thetagang strategies Is there a cheat sheet or summary somewhere of the tax implications of the strategies commonly used by thetagang? It seems like the tax calculations of selling covered calls can get pretty complicated as it depends on the underlying stock as well,. I'm thinking of trying out a short butterfly call spread on SPY (ATM short call, buy 2 middle long calls, sell 1 short call above 2 long calls). I've sold covered calls on my SQ position to learn more of the mechanics and so I'm already. Selling a house can be an overwhelming process, especially when you want to get the highest possible sale price. For DTE, I usually sell weeklies on the put side. Spreads $5, $10 wide sometimes up to $20 in liquid options market. I mostly do CSP, CCs, and Short Strangles. These options are less affected by changes in IV, and the impact of IV crush is less severe. r/thetagang My primary strategy has been to harvest theta intraday in the 0DTE chart using iron condors between a “flat” part of the trading day, typically betweeen 12pm-2pm ET. Talk to your tax pro if you have specific questions that may affect your account. CSPs involve selling put options while having enough cash to get assigned the shares. Plenty of premium at those strikes. The 420 short put is at the 20 delta and the put side. The Market Trading Game Changer. If I lose it I'll be dead is a great reason to not trade options. macy's jewelry for women A $10 wide put spread should collect around $150 for a month. You buy a 96 put for 1 (to protect yourself in case the stock drops) and sell a 94 put for 0. Among Us has taken the gaming world by storm, captivating players with its thrilling multiplayer experience. Trading strategies, earnings reports, wallstreetbets, and everything in between. "However, the 759 iron condor positions that were opened outside of two hours after the open had an average return of 37%. com if you’d like to see them; I’ll wait for a spike in the underlying, say 2-3% to open a CC. I mean: this strategy ensures you are short the stock if the earnings are bad or long the stock if earnings are good after the earnings report. I know this sub tends to favor a mechanical. At my broker (etrade), margin requirement for ‘naked’ options on SPX is 20%. Theta actually decays pretty rapidly from 60-90 DTE for the lower deltas. Seems counterintuitive but I was still getting enough credit relative to. Delta is decaying over time (charm), and the option becomes more and more worthless, so the decay rate slows down. Need advice on this simple covered call strategy comments. There is an absolute "No Troll" policy - this is a place where traders can learn and help each other. I haven't traded the wheel since few months ago, I'm going to allocate some capital for it in the next few weeks, here's my small list of stocks under 100$ for now: AMD. The absolute best and simplest theta gang strategy, in my humble opinion, is The Wheel. 5 delta call) and am confused about how it achieves stock replacement. so you are correct in this part. vintage jeep emblems Any number of strategies will backtest better than the boglehead strategy, that’s not the point of it. Because of that each option has a time value that represents the uncertainty of where the stock market is going to go and the profit for the seller for their time. Even if your calls are lower than your puts, the net profit/loss includes the credits from both the put and the call. Whether you’re new to online gaming or just starting out with Among Us, thi. I mainly have been working with a few weeklies that I feel comfortable with. 85, make the same thing closing at 25% and less susceptible to greeks that will pound you. Selling puts over and over, then rolling as needed, can lower the net stock cost significantly If assigned. I have a dream, that one day, I see my savings rate as a percentage for. See all of your trades in one …. This is a good moment to open Calendar Spreads with DEC front month and JAN back month. I know about finviz, barchart, etc. From the trade above, I’ve locked in a profit it $950 (excluding brokerage fee) no matter what happens. Its very interesting to run this strategy. Taking an online class can be a great way to further your education or develop new skills, but it also requires discipline and effective strategies to ensure success. The spy/XSP 375/365 ps was around 1. 1- not increase by more than the premium of the put+call. Since then I have been making good income on my 20k account. Calendar spreads, the unsung hero. I employ different strategies at different times. Nobody's responded to this post yet. My trading journey began with swing trading, shorting pennies, covered calls, a short stint going into some advanced double-triple calendar spreads (which taught me to practice new trading strategies before just jumping in), moving to 2 week put credit spreads (same lesson learned again), and for a while the wheel as I began learning the importance to manage …. The later is more of a bullish bet and less of a theta gang strategy. Yeah there’s no tax implications for trading within it. Thetagang is often unintentionally mistaken for r/Vegagang, which is more built on extracting value from volatility. Theta starts to accelerate dramatically once it hits the 30-45 days mark and selling any further out than this generally means you are wasting time or that the Theta decay received is not profitable enough to justify the increased risk. Here is my Market Thesis: Like in previous years the week between Christmas and New Year’s Eve should bring small volume and sideways market. Weekly plays burn theta faster and have a higher return per day in the market. Here is more on Ex-Dividend Dates & Date of Record. There is a list that changes and they randomly assign you one of them. 15, you'll only see a few dollars in profit, bc max profit is $15. So if you sell a put at $40, collect $1. Theta Gang is the slang for being a member of a group of other option writers with the mindset that selling premium is a preferred strategy than buying options. Its simply a way to go long on a stock Naked puts and even credit spreads make way more without ever having to be assigned. Selling spreads is a very common theta gang strategy, so let's examine the case of early assignment and assignment after expiration. Theta has been one part of my effort to achieve financial. I would like to hear your opinions about earnings plays. Add your thoughts and get the conversation going. ICs with 4 legs is a complex nightmare to try to roll, and credit spreads are only slightly better. Average gain was 10%\1k per mo. Roll my expiration date forward by 39 days for a credit of 1. 5 • 75 Ratings; Stocks/Options podcast hosted by an average retail trader, like you! Joonie does talk about some good fundamental theta strategies but, Jesus, do his tangents get preachy! Top Podcasts In Business Money Stuff: The Podcast Bloomberg REAL AF with Andy Frisella. You're looking at noob thetagang 101 intro strategies. It's not easy, but it is simple: earn more, spend less, and use the. This is what I’ve done on two dates. Premium Powerups Explore Gaming Credit spreads are about the only strategy you can employ but I’m not sure whether you can do them on a non-margin account as I haven’t been in that position. Fade the recent bullish action by selling high premium calls or go long with calls with low call premiums. Runs for various DTE/calls, puts. They can clog up your inbox, making it difficult to find important emails. No "professional" option seller even considers "the wheel" as an option selling strategy. Total risk on trade is $400 for $100 credit. Are you eager to dive into the world of chess and start playing right away? Look no further. The average trade length was 10. Theta gang are the type of people who take a grindr date out to dinner and insist on splitting the bill then expect to get laid after. OTM options have a decelerating decay rate because they are constantly rolling down the probability curve. craigslist jax florida Another strategy to avoid IV crush is to use options with lower implied volatility, with expirations further out, two weeks or more after the release. john deere 350 dozer for sale The notional risk is the same whether you sell a 75 delta put or a 1 delta put. So what are these magical theta gang strategies that they use? Join our Theta Gang Discord Now!. Trading The Wheel strategy with a small account is possible but would need to look for lower priced stocks in order to follow money management of only risking a certain percentage per trade to minimize risk. You might be able to hold your positions through market volatility, but if your options expire you won't be able to open new ones. I open a 9$ CSP to collect premium once it expires end. Let's say stock XYZ is at 10$ at market open on Monday. I am wondering what the general consensus is on what to do with wheel strategy gains. But, speaking from personal experience, it's very easy to tell yourself you'll sell a CSP and be absolutely ok with buying 100 shares. In that instance, a pure covered call provides better downside protection because it's more credit up front. Premiums are great, but it’s not something. What strategy is better? Iron condor or wheel? Short Strangles. What it is: A short straddle involves selling an ATM put and an ATM call within the same expiration date. Channel For Crazy Robinhood Trades + Wall Street BetsGet a free stock on WeBull: https://act. Little more favorable on r/options. I would say selling cash covered puts then rolling the trade or wheeling it and rinse and repeat. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 ADMIN MOD I'm looking for a thetagang discord or other community to learn from and be apart of. 220K subscribers in the thetagang community. The Wheel: An IMPROVED “Buy and Hold” Strategy. I'm interested in opening up a Roth IRA for mostly thetagang strategies. The poor man's covered calls actually proved to work well, but the put credit spreads just keep drilling me. Now I'm focused mainly on using the wheel and iron condors on stocks. For a bearish thesis selling call credit spreads is a strategy to consider as naked calls have significant risk and require high level accounts. manchester new hampshire craigslist Since you're new, lemme give you some perspective of r/thetagang. Only a small part of it is in scope for r/Thetagang. Here are the 4 popular theta gang strategies I’ll cover [Click to Skip Ahead]: Put Credit Spread; Call Credit Spread; Naked Puts / “The Wheel” Short Iron Condor; The first two theta strategies are great for Beginners and seasoned traders alike because your max loss is limited and you know exactly what that max loss … See more. Sell credit spreads with 20%-30% of margin power. Amzn will touch 80 and 120 in the next 3 years. You may get lucky and get 100 shares of a $2. Set GTC order aiming to collect 50% of premium collected. That can be a pretty safe bet! For instance CRSR right now a Feb 19 ATM straddle $45 gets you $10. What you are actually doing is buying back that position “I’ll give you $1000 to close that call that I sold for $500” and you are opening a new position. Collect more premium to increase your theta. In this case, higher being better for selling. Though this is still the same stuff that is thought in universities 10 years ago and probably. madden 22 mobile iconic players phun forums celeb The "thetagang approach" is an extremely unsophisticated[1] option selling strategy even in the realm of retail trading. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌. Almost all of my in-play trades right now are based on this. So sometimes, sure, I'll throw on a few vertical spreads. Save the other 80% in cash rates in SPAXX or something. But since that only really resulted in me having a lot of stocks to write CCs on, it wasn't a big deal. I wheel PLTR, but she doesn’t care about the strategy beyond understanding the basics. Yes, there is no issue in letting SPX options (long or short) expire. when the long call has a super long DTE LEAP then we call it a PMCC (poor mans covered call, as it mimics having the shares and doing a normal covered call). Forget credit spreads, diagonal spreads, iron condors, and all that often complicated jazz. Usually those contracts get exercised against me, so I realize 14-21 days of theta profits in 7 days. Jun 16, 2021 · #wheel #theta #mikey #millions #wsbThe Wheel is among the best theta gang strategies and is the ideal place for someone to start options trading. Over two-thirds (67%) of these positions expired. 15 Delta Cash-Secured Put 30 DTE. Common Theta Gang strategies focus on lower risk profile option selling strategies that have hedges for capped risk. Dear Thetagang brothers, should I scalp the covered CALLs (yellow rectangle) and the long leg of Bull PUT (blue rectangle) and what do you think of the theta gang strategies on PLTR in general? Locked post. m274 mule for sale But it's easy to make the mistake of looking at 4% returns in 3 weeks without realizing the potential downside as well. lol Thetagang is a much less stressful and more consistent approach. mario bros unblocked games It limits the return of the portfolio to a specified range and can hedge a …. Instead My Bag Holder Experience in Tesla — Seeing -55% Disappear in 25 Minutes A bag holder is a stock market sucker. Can someone list a bunch of cheap stocks that are good long term + to sell CC on. They realized that you actually need some sort of edge to be successful. Overall I've found that a covered call strategy works best if you have a solid thesis to back it up, with a reason why it would be an efficient way to generate income. 2nd best is just out (for a credit). This is a strategy I have been paper trading weekly options on for a few stocks I pay attention to that have been trading relatively sideways with recently. Supports Short Puts, Short Calls, or any combination thereof. and hopefully get some move/time in my favor and then add the other side. I set the stop loss only on the short leg but not on the whole spread. 90 in premium, I’m guessing the difference is because of put/call skew, so in this case you would stand to make a little more selling the call, but assuming no skew, they’re essentially the same risk. Available cash is now $37,000 and my buying power is $74,000. As option contracts get closer to expiry, they lose value due to time decay, an effect described by the Greek letter theta. In other words you would protect gains at no cost to you. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 Members Online • You mentioned 'no naked strategies' so that prevents you from getting majorly screwed over, that's good. It was easier and a bit cheaper to do thetagang strategies there. Weekly close to the money PMCCs are a very effective strategy but as others have said it’s a directional strategy and only works in a very stable flat or bull market. Iron butterflies could also be somewhat good strategies but again that's just me. nevada county sheriff daily activity log If the underlying has moved against you on one side, roll the untested side. Smaller account: Diverse smaller stocks, up by 28%. Does this kind of policy go with the r/thetagang strategy. Then 2-4 weeks out for the call side. theta decay IS higher closer to expiration. No more than 10-20 contracts at a time. This is why I think both sides are gamblers and you should just enjoy playing like you would any other. Really a must read before trading. Did some research and was looking at selling both at 1 standard deviation. The strategy is long term so I can take a small hit at the beginning and keep selling calls and reinvest until we see better market conditions (but I agree this is not the optimal scenario) Last argument is, the prices on S&P are starting to be interesting for me, and good enough for me to start allocating cash. Having big gaps on your resume can feel embarrassing—you know the person reading it will take note, and probably will consider it a negative. twilight fanfiction bella and carlisle lemons Naked puts/calls/strangles (strangles are my fav) on margin is where the actual money is. Directional bias ranges from -100 (bearish) to +100 (bullish). (Six times to make my money back). Will like to spend under $500 for the 100 shares. In reality though, these are just estimates. We are selling options to WSB …. ThetaGang is an IBKR bot for collecting money. , move the long legs in to 5 point spreads vs 10. 40 on XYZ that's trading at $53. Sometimes you can even earn a credit. Edit: For those like me A collar option strategy, also referred to as a hedge wrapper or simply collar, is an option strategy employed to reduce both positive and negative returns of an underlying asset. with wheels, cash secured puts tie up a lot of capital but will at least leave you with shares if you're assigned. Palantir, Tilray (MSOS), PayPal, SnowFlake and Roblox. Accounting for theta, assuming the price and IV stays the same throughout the life of the option (which is obviously impossible), a single long put would return around $1,900 assuming all short puts are closed at 50% profit and accounting for the. Theta Wheel My favourite Theta Gang options strategy. Remember, while these events provide opportunities, they also carry significant risks, particularly for strategies like naked options selling which can have unlimited downside. Since spx is m/w/f settled I can usually get 3-5 spreads a week by closing at 80-90% profit and opening a new spread. You'll need years to get back to 20k, so either you are ok being slow and disciplined, or you will need different trading strategies that have a positive convexity (e. We are selling options to WSB degenerates using thetagang strategies! This community is devoted to the teaching of strategies and resources to help traders become consistently profitable. Should I just liquidate it to do purely thetagang strategies? For context, I (24M) got into the stock market because of the GME fiasco, got into options without knowing better and now at a loss of 9k USD. Watch tastytrade YouTube videos on selecting strikes, days to expiration, and how to manage credit spreads. 2 months later, I'm down another $500+. Could also be measured as the $3 in extrinsic value over the value of the call option ($37 / share underlying vs $30 strike, so $7/share intrinsic) That in turn means I earned $3 while risking $37. Theta is most effective starting at 45-30 DTE because theta decay is and exponential decay curve. Find a company today! Development Most Popular Emerging Tech Devel. You don't need to learn ten strategies. With a comprehensible log of their trades, you'll have access to real-world examples to …. (Lookback is a 15 year time period. Either to 4/23 or a lower strike or both. Buy 1 put at like 30 delta, sell 1 at 20 delta, and sell 2 at like 10 delta. is wiggins hair legit Before the Covid crash, volatility was pretty low from what I hear, this is good for true neutral strategies, aka the holy trinity, strangles, straddles, and iron condors. The moment to be long or short is before the earnings report, not after it. In 30 days time your mother can force you to buy the house at 200k or the option expires and you keep the 1000. These require trading on good stocks, but this shows how to sell options and are easy to roll if needed. Say we have the following asset trading at 100 today. Using the put selling strategy of deep in the money puts allows an investor to capture the rise in a stock while still offering some protection against losses and if applied with a protective put it can guarantee a profitable trade. Focused on high IV options (NIO, TSLA) with a combination of. They're trying to make very specific trades, that they hope will fill ASAP. "So I've dabbled with thetagang strategies for the past week losing a shit ton on CSPs on tech companies, so this post is extra salty. If you do it on a bare stock, it is called a protective put. The strategy which requires 100 shares is the wheel (cash secured puts) and TastyTrade doesn't recommend this at all. The 30 year nominal (not inflation-adjusted) returns are about 9. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 Members Online • a Dungeons & Dragons strategy video game that brings together D&D characters from novels, adventures, and multiple live streams into a single grand adventure. Then the weather changes and it stops working. Short strategies lose to delta, vega, and gamma.