Posted by fredsaid on 20th of Apr 2022 at 01:15 am
Forget the fraud and keep it simple. Just figure out your
game plan like NOW vs. THEN. For example in terms of options
contracts : 1- LONG till 8/22. 2-SHORT 1/23
Posted by jtsurfah on 20th of Apr 2022 at 02:46 am
That's one approach, but daily is too short term for me. I'm
selling 16 ish delta SPX and NDX puts when the market is down and
selling SPX/NDX calls when it's up. Typically going out 45 DTE and
rolling around 21 DTE. If you're targeting 10% - 15% per
year, you don't have to risk much to make it happen. It's always
tempting to go bigger because 16 dela trades works nearly 90% of
the time,...but the 10% of the time it doesn't work can and
basically always does happen eventually so I keep my size
appropriate.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Forget the fraud and keep
Posted by fredsaid on 20th of Apr 2022 at 01:15 am
Forget the fraud and keep it simple. Just figure out your game plan like NOW vs. THEN. For example in terms of options contracts : 1- LONG till 8/22. 2-SHORT 1/23
AND take profits every day ...
That's one approach, but daily
Posted by jtsurfah on 20th of Apr 2022 at 02:46 am
That's one approach, but daily is too short term for me. I'm selling 16 ish delta SPX and NDX puts when the market is down and selling SPX/NDX calls when it's up. Typically going out 45 DTE and rolling around 21 DTE. If you're targeting 10% - 15% per year, you don't have to risk much to make it happen. It's always tempting to go bigger because 16 dela trades works nearly 90% of the time,...but the 10% of the time it doesn't work can and basically always does happen eventually so I keep my size appropriate.