Posted by DigiNomad on 13th of Jun 2024 at 04:17 pm
Probably upgrading to farmed salmon over the tilapia but below
the black cod after today. That last short is working out nicely so
far. Nice thing about selling short dated calls is that you
1. can typically just watch them print money as they decay even if
it moves up...as long as it doesn't move up too quickly 2. if they
go against you, there's LOTS of room to roll if you think a move
will eventually exhaust itself for like half a day...which is all
the time you need to be right when shorting 1 DTE options.
If you're new to trading and reading this, do NOT follow your
initial instincts on size. First, figure out how to pull $20
dollars out of the market consistently and only lose $10 when you
lose...then consider scaling ("consistent" is different for
different strategies, but 60% is a decent starting point as long as
you're keeping your targets around 1.5 - 2R).
Posted by mastermind on 13th of Jun 2024 at 04:53 pm
I don't do a lot of this, but the one that has been working well
for me the last few weeks is selling out of the money AMC calls
expiring the end of the week. Even today mid-day I was able to sell
$6 calls expiring tomorrow for $0.10. That's not a bundle, but if
you do it week after week, it's a nice return. Some day it
will pop and I'll lose my position, but that's OK.
Probably upgrading to farmed salmon
SPX 2min - another 2 pushes below the 21ema pattern. ...
Posted by DigiNomad on 13th of Jun 2024 at 04:17 pm
Probably upgrading to farmed salmon over the tilapia but below the black cod after today. That last short is working out nicely so far. Nice thing about selling short dated calls is that you 1. can typically just watch them print money as they decay even if it moves up...as long as it doesn't move up too quickly 2. if they go against you, there's LOTS of room to roll if you think a move will eventually exhaust itself for like half a day...which is all the time you need to be right when shorting 1 DTE options.
If you're new to trading and reading this, do NOT follow your initial instincts on size. First, figure out how to pull $20 dollars out of the market consistently and only lose $10 when you lose...then consider scaling ("consistent" is different for different strategies, but 60% is a decent starting point as long as you're keeping your targets around 1.5 - 2R).
I don't do a lot
Posted by mastermind on 13th of Jun 2024 at 04:53 pm
I don't do a lot of this, but the one that has been working well for me the last few weeks is selling out of the money AMC calls expiring the end of the week. Even today mid-day I was able to sell $6 calls expiring tomorrow for $0.10. That's not a bundle, but if you do it week after week, it's a nice return. Some day it will pop and I'll lose my position, but that's OK.
Yeah, and the pops on
Posted by DigiNomad on 13th of Jun 2024 at 04:57 pm
Yeah, and the pops on AMC tend to be short lived, so your chances of winning on a roll up in price and out in time are pretty high