Posted by mirhamedali on 6th of Aug 2022 at 10:44 am
Thanks for taking the time to share your thoughts in such a
detailed fashion. Matt would it make sense for me to purchase lower
beta options? I know I would be increasing my risk but I would also
be increasing possible reward and with the systems doing so well it
seems to be worth it. For example I was thinking about purchasing
options with a beta of . 30 for all of the trades.
Where do you find the strike price using beta .30? it's
easy to find the strike using Delta. I'm using TOS. Sorry for
my option ignorance question, and thanks in
advance.
Matt and Steve, thank you for all the work on the SPY
system please keep it the way it is. I hope you add other
ETFs as you have been working on that as well. You both have
helped me a lot in trading and your education piece is extremely
helpful. Keep up the good work. Matt, take sometime for you
and your family, I thought you were on vacation. Some down time
will help with family life and make your time at BPT even better.
R&R for both of you is well deserved.
guys please feel free to do whatever option strategy you wish,
different deltas/strikes, even spreads and other things.
Remember the systems are not picking option trades, the trade
signals occur on SPY and ES, that's where the pure unfilterd trade
signal comes from. I've always been clear that I'm no options
expert ,nether is Steve, we know the basics. Many of you guys are
option pros compared to us so have at it for various option
strateiges that you think work best and be open to share some of
them as I personally think the option trades I put out could be
VASTLY improved with spreads and straddles, selling calls and puts
whatever
Thanks Matt for all your great work with the systems. I keep it
simple by having one account dedicated to doing only the spy system
options trades per the options trade spreadsheet so I hope nothing
changes with the system triggers. I’m looking forward to seeing it
expanded to other etfs and I’ll likely dedicate a new
account to those trades. Given their high success rate, I really
don’t see the need to do anything other than the system trades. If
the performance of the options trades can be improved further as
you suggest that’s great but don’t change the process of how they
are triggered and how alerts are issued.
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Thanks for taking the time
PLEASE READ: My comments regarding the systems being too complicated having multiple trades open
Posted by mirhamedali on 6th of Aug 2022 at 10:44 am
Thanks for taking the time to share your thoughts in such a detailed fashion. Matt would it make sense for me to purchase lower beta options? I know I would be increasing my risk but I would also be increasing possible reward and with the systems doing so well it seems to be worth it. For example I was thinking about purchasing options with a beta of . 30 for all of the trades.
Where do you find the
Posted by rgmclm on 6th of Aug 2022 at 12:28 pm
Where do you find the strike price using beta .30? it's easy to find the strike using Delta. I'm using TOS. Sorry for my option ignorance question, and thanks in advance.
Matt and Steve, thank you
Posted by bk1976 on 6th of Aug 2022 at 12:00 pm
Matt and Steve, thank you for all the work on the SPY system please keep it the way it is. I hope you add other ETFs as you have been working on that as well. You both have helped me a lot in trading and your education piece is extremely helpful. Keep up the good work. Matt, take sometime for you and your family, I thought you were on vacation. Some down time will help with family life and make your time at BPT even better. R&R for both of you is well deserved.
Thanks some education is the
Posted by steve on 6th of Aug 2022 at 12:19 pm
Thanks some education is the most important thing we can provide - appreciate the feedback
Thx for refresher
Posted by shellson2 on 6th of Aug 2022 at 01:05 pm
Thx for refresher
guys please feel free to
Posted by matt on 6th of Aug 2022 at 10:54 am
guys please feel free to do whatever option strategy you wish, different deltas/strikes, even spreads and other things. Remember the systems are not picking option trades, the trade signals occur on SPY and ES, that's where the pure unfilterd trade signal comes from. I've always been clear that I'm no options expert ,nether is Steve, we know the basics. Many of you guys are option pros compared to us so have at it for various option strateiges that you think work best and be open to share some of them as I personally think the option trades I put out could be VASTLY improved with spreads and straddles, selling calls and puts whatever
Thanks Matt for all your
Posted by dgrandey on 7th of Aug 2022 at 02:43 pm
Thanks Matt for all your great work with the systems. I keep it simple by having one account dedicated to doing only the spy system options trades per the options trade spreadsheet so I hope nothing changes with the system triggers. I’m looking forward to seeing it expanded to other etfs and I’ll likely dedicate a new account to those trades. Given their high success rate, I really don’t see the need to do anything other than the system trades. If the performance of the options trades can be improved further as you suggest that’s great but don’t change the process of how they are triggered and how alerts are issued.