DK - ODTE (zero days to expiration). Did the 414 Puts for
a quick pullback in the wedge from supply. ODTE are very
risky - have to pick spots thus the wedge. You basically have
to price for zero so normally I'm not doing ODTE but at least a day
or two out and others one week or longer.
DK, watch videos on credit and debit spreads on youtube for a
primer on the technique. There are several techniques involved:
worry-free out of the money 0.2 delta similar to how DigiNomad
trades, or reversion to the mean trades for 80% of credit received
(which is what Steve uses). I could give more hints in a private
message.
SPY 5
Posted by steve on 19th of Apr 2023 at 12:55 pm
SPY - Chart Link
+35% on ODTE puts on
Posted by steve on 19th of Apr 2023 at 01:20 pm
+35% on ODTE puts on that wedge
Steve and others in the
Posted by DK on 19th of Apr 2023 at 02:14 pm
Steve and others in the community, would it be possible to give us some suggestions on the ODTE stuff that you're buying?
DK - ODTE (zero days
Posted by steve on 19th of Apr 2023 at 02:26 pm
DK - ODTE (zero days to expiration). Did the 414 Puts for a quick pullback in the wedge from supply. ODTE are very risky - have to pick spots thus the wedge. You basically have to price for zero so normally I'm not doing ODTE but at least a day or two out and others one week or longer.
Very kind Steve. Thx so
Posted by DK on 19th of Apr 2023 at 02:30 pm
Very kind Steve. Thx so much. Trying to learn here!
DK, watch videos on credit
Posted by junkie on 19th of Apr 2023 at 02:22 pm
DK, watch videos on credit and debit spreads on youtube for a primer on the technique. There are several techniques involved: worry-free out of the money 0.2 delta similar to how DigiNomad trades, or reversion to the mean trades for 80% of credit received (which is what Steve uses). I could give more hints in a private message.
well done, Steve!
Posted by junkie on 19th of Apr 2023 at 02:09 pm
well done, Steve!