Posts
$Spcx analysis by trademerty
As I mentioned last week, I believe the SPCX event that was scheduled right before Opex and then canceled at the last second was by design. Until I see a full transparent audit of what happened, I'll keep my conspiracy hat on. If you follow the options flow like I …
Legging out of jade lizard
Just started working with a jade lizard and sort of see it as the CSP with a "nice to have" BCS on top. However, is there any sort of rule of thumb about legging out of them if say the BCS is at 50% profit, rather than holding out for …
Realistic sizing in dollars on a per contract basis for a scalping strategy?
I am looking to understand what the maximum $ amounts people have been able to do when scalping option contracts. I am not looking to do scalping, but knowing how much you could expect to reasonably buy and sell of the same contract is helpful. Could one reasonably be able …
Covered Calls Hypothetical
Say its wednesday and I have a covered call sold that expires this week friday. Its currently solidly ITM and nearly no chance it doesn't get exercised. Im struggling to see the reason why not not to roll it out a week or two with the same strike for a …
Clarity on selling options across different S&P instruments under PM
Looking for clarity on selling options regarding different S&P related assets (particularly in the lens of Portfolio Margin) . So far, I have identified the following: \- SPY \- Good liquidity \- American style \- NOT 1256 tax advantaged \- SPX \- Higher notional value (10x of SPY), thus higher …
Running the wheel — please correct my misconceptions about the strategy
Hello, I've been running the wheel for some time and have learned a lot, but I have some questions I'm not able to work out myself. Also, although I know certain rules of this strategy, it's difficult for me to implement them… so I probably need a nudge from you …
Do you actually track weekend time decay in your options positions?
We all know the theory: options lose value every calendar day, not just trading days. So from Friday close to Monday open, you’ve got roughly 2–3 days of Theta decay baked in, even though the market is closed. But in practice, I’m curious: * Do you genuinely **notice** weekend decay …
Finally going to lock into my strategy
Been trading options for about 4 years on and off. My main issue is that I will get up 20-50% or more, and I don’t sell because I believe in my conviction, then I slowly (or quickly) get melted. I just did the math for if I would just get …