Posted by DigiNomad on 29th of Jul 2022 at 12:10 pm
Imelhoe - used AUG 18 for the 1st tranche (short SPX 4185) and
SEP 15 for the 2nd tranche (short 4350 - started
yesterday and added to this morning).
TBH - the returns aren't great with VIX at this level, but I
like to keep it mechanical as much as possible. So I tend to accept
lower returns during low vol periods. Most options traders move
away from indexes when the VIX drops in order to achieve higher
returns for a given capital outlay...but I like the relative safety
inherent in the indexes and capital isn't really my limiting
factor...for me it's more about managing overall risk.
Posted by DigiNomad on 29th of Jul 2022 at 12:43 pm
tmbrook1 - that screenshot is from Interactive Brokers (click
the "performance" box when reviewing a trade), but I typically use
either ThinkorSwim or Tasty Works to analyze option trades and then
I execute them on Interactive Brokers. They all have about the same
capabilities, but some are easier to use than others.
Imelhoe - used AUG 18
coming up near the 38% Fib retrace from the early Jan highs to June lows
Posted by DigiNomad on 29th of Jul 2022 at 12:10 pm
Imelhoe - used AUG 18 for the 1st tranche (short SPX 4185) and SEP 15 for the 2nd tranche (short 4350 - started yesterday and added to this morning).
TBH - the returns aren't great with VIX at this level, but I like to keep it mechanical as much as possible. So I tend to accept lower returns during low vol periods. Most options traders move away from indexes when the VIX drops in order to achieve higher returns for a given capital outlay...but I like the relative safety inherent in the indexes and capital isn't really my limiting factor...for me it's more about managing overall risk.
tks very much for your
Posted by imelhoe on 29th of Jul 2022 at 12:28 pm
tks very much for your analysis!!
This is my next layer
Posted by DigiNomad on 29th of Jul 2022 at 12:18 pm
This is my next layer for SPX.
14% return/risk with 82% profit probability is about what I look for. 10% return/risk and 80% probability is my floor.
What is the platform you
Posted by tmbrook1 on 29th of Jul 2022 at 12:35 pm
What is the platform you are using for this display of information.
tmbrook1 - that screenshot is
Posted by DigiNomad on 29th of Jul 2022 at 12:43 pm
tmbrook1 - that screenshot is from Interactive Brokers (click the "performance" box when reviewing a trade), but I typically use either ThinkorSwim or Tasty Works to analyze option trades and then I execute them on Interactive Brokers. They all have about the same capabilities, but some are easier to use than others.
Thanks
Posted by tmbrook1 on 29th of Jul 2022 at 12:55 pm
Thanks
What is the platform you
Posted by tmbrook1 on 29th of Jul 2022 at 12:28 pm
What is the platform you are using that displays this information.