Posted by mirhamedali on 12th of Sep 2022 at 04:50 pm
I dont want the market to be flat so that I can exit the trade
early. I rarely hold to expiration. I normally exit
halfway through. I end up making more on a per day basis that
way.
You are right the ladder can happen naturally if you are
opening trades on both sides, that's a cool approach. But
then one trade may be a loser. However with an actual ladder
each of the trades can be winners.
Posted by DigiNomad on 12th of Sep 2022 at 09:43 pm
I only trade SPX options in taxable account and SPY
options in retirement accounts (better liquidity but I have to use
more contracts). Since I've focused my efforts on what
amounts to a single product / index, my results have been
outstanding and predictable. Unfortunately, I know that
someday I'll likely have to transition over to more volatill e
products again. But with the VIX where it's been at recently, I can
stick with a single index for my option set ups and do just fine.
I'll cross the lower volatility bridge when we come to
it.
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I dont want the market
I understand the reasons why so many are bearish right ...
Posted by mirhamedali on 12th of Sep 2022 at 04:50 pm
I dont want the market to be flat so that I can exit the trade early. I rarely hold to expiration. I normally exit halfway through. I end up making more on a per day basis that way.
You are right the ladder can happen naturally if you are opening trades on both sides, that's a cool approach. But then one trade may be a loser. However with an actual ladder each of the trades can be winners.
I only trade SPX options
Posted by DigiNomad on 12th of Sep 2022 at 09:43 pm
I only trade SPX options in taxable account and SPY options in retirement accounts (better liquidity but I have to use more contracts). Since I've focused my efforts on what amounts to a single product / index, my results have been outstanding and predictable. Unfortunately, I know that someday I'll likely have to transition over to more volatill e products again. But with the VIX where it's been at recently, I can stick with a single index for my option set ups and do just fine. I'll cross the lower volatility bridge when we come to it.