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.
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That's one approach, but daily
Forget the fraud and keep it simple. Just figure out ...
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.