>Risk Management Not much to say, we can all YOLO and loose money. It is mathematically proven that with high number of occurrences we get closer to the mean average of our returns. Not more than 1-2% max loss per trade.
aaayyyyy thought we weren't gonna have one today my CLF calls that the CLFfag convinced me to buy are finally positive today, looks like it's on a pretty steady uptread still so I'm thinking of buying a little more if it dips in the coming week
Michael Nguyen
>bull put spread this morning on ET >Nov 20 6/6.5 +10 >sinks to $5.95/share, close the position while the lower put is still good
>now almost back to $6.11 which was break even
Time to go run box spreads on SPX
Blake Gonzalez
has there ever been a better time to sell naked puts on brent ?
Owen Bell
I am just little babby selling covered calls and puts, but a lot of my customers are walking away empty handed today.
Ian Mitchell
I’m unbelievably tempted desu.
If it even hit 2018 levels you’d be Gucci forever
Julian Baker
look at that IDEX volume gentlemen, that is an IV worth selling
Landon Murphy
literally having the worlds producers on your side, aaaah, i remember those days when we could sell negative price options on Crude lads, sweet memories
Gavin Edwards
i have found an interesting options strategy backtesting place, info.orats.com
do we have any empirical knowledge on this one?
Matthew Collins
Honestly the P/L chart for short naked puts on Brent is very tempting.
Thomas Ward
When do you all think the Fed/Treasury will yank the fiscal put that is currently in place?
I'm going to buy SPY puts when the economy opens up again.
Thomas Morgan
if you ever feel like doing naked, do yourself a favour and go for 45 dte , and manage it at 21, either roll if you get fucked OR take profits
Owen Jones
that is an interesting question, it seems FED is already showing the middle finger since Trump went out, so lets see, i can see bonds are picking up, we wont see negative rates, but the market will crash at some point again despite the liquidity
Hudson Robinson
I dont trade options but how much leverage does it use if you can compare it like that. For example tsla goes up 1% how much would you get with options?
Evan Hernandez
b...b...but i thought we were theta gang and shit
Landon Fisher
For each contract you have, each point itm is $100
Owen Price
1 option is 100 shares of the underlying asset, do the calculation, having said that it makes more sense to sell premium than buy it
Christian Wood
Depends on the option. Could be a little as 5% or as much as 25%
Parker Richardson
Just got fucked on my ET verticals this morning but I had paper hands and fucked myself
Looking at it I could run a short call fly at 10/11/13 for 16 APR 21 and my break evens are 10.53 and 11.53 and infinite upside with a max loss of $58.71 per
Hunter Brown
I'm too poor to be thetagang yet One day I'll join you glorious chads, but for now I'm on the degenerate gambler side
Nathan Peterson
that is a myth fren, you need 2k usd to join theta gang, maybe 3k, it aint much to ask for thats the POP ?
there you go fren, dont listen to wsb retards who blow thousands on buying premium , high number of occurences and high probability trades until you build a good account value do it bro we need more details fren
Christopher Watson
I started with options in July and just lost too much money...granted I put too much money on the line. I was just learning technical analysis and relied too much on it, or TA is bunk, or I got very unlucky, or a combination of the above. So: how have you all been successful with options?
Ayden Wood
best way to play options with like 3k
Jason Clark
what you did wrong is A. you used astrology for predicting the market (aka TA) B. You bought premium at the highs and experienced volatility crush, meaning even if you got it right vega would still fuck you over
if you want to be successful, learn greeks, sell high IV and high IVR, sell often and sell with POP over 70%
Dylan Morris
>we need more details fren I like longing OTM LEAPS on SPY and mining stocks at turning points like March 2020. Looking for another dump in 1st quarter 2021
I made some money on the election selling a bear call spread on the VIX then buying it back once the VIX came down.
Thanks. So yes. To confirm I was BUYING calls and puts and those were either going in the wrong direction, or the thetagang bros did it right and fucked me. The only time I ever made money was buy selling, which I did a little around earnings. The Greeks I need to relearn, but otherwise some questions: can you define IV, IVR and POP in your own words? (Obviously I need to do more overall research)
Nathan Jenkins
fren, Deribit options are always overpriced, i aint touching that shit again, spreads are rediculous and liquidity is shit, but suit yourself. Also i hate buying premium and i hate buying LEAP because i simply do not enjoy the game as much. Theta will eventually fuck you over
David Ramirez
iv is implied volatility ivr is implied volatility rank (percentage) pop is probability of profit (delta based)
you need to sacrifice the profits to increase your probabilities, long term its the only viable strategy , i think
Oliver Garcia
UK options user here. Getting absolutely dicked on my OOTM pm miner calls. Double down now or wait a few months before putting more in?
Also does anyone know of any UK options trading platforms besides IG and tastyworks? They both have some pretty big downsides
