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re: Options Trading Thread
Posted on 4/27/23 at 2:03 pm to bayoubengals88
Posted on 4/27/23 at 2:03 pm to bayoubengals88
quote:
So if an elevated IV stock remains within the walls of an Iron Condor that’s when the most money can be made? As opposed to a low IV stock staying between the Iron Condor..?
By golly, you’ve got it!
High IV generally means richer premiums at a given delta. Relatively high IV percentile means the probability of IV contracting is greater than with a relatively low IV percentile.
That’s why these earnings trades are so profitable. IV gets elevated and then there’s (usually) that sweet IV crush right after that deflates the short options = we make $. And sir, you’re having an excellent week.
2
Posted on 4/27/23 at 2:32 pm to Jag_Warrior
Good stuff. Do I even need to own equities?
Also, anyone thinking MSFT cools off a bit soon? Trying for a 5/12 credit call spread with a break even of 308.80
Also, anyone thinking MSFT cools off a bit soon? Trying for a 5/12 credit call spread with a break even of 308.80
Posted on 4/27/23 at 2:59 pm to Jag_Warrior
I've started listening to all of the tastytrade videos on YouTube after plowing through the option alpha podcasts. I will revisit the OA stuff because there is so much there, but I'm enjoying the tasty content.
For new traders (like me) this particular video hit home. This guy traded a simple strangle strategy (which can easily be converted to defined risk).
LINK
I had been playing with 0DTE SPX options but I got burned a few too many times by out kicking my coverage (knowledge). I realized I have been very profitable with my basic 30-45 DTE IC's, and everything else has cost me profits. So for now, I'm back to doing what was successful for me. As tempting as those 0-1 DTE SPX plays are, I need to focus on what works for me while building my account and experience.
Despite some of my previous strategies hurting profits, I'm still up nicely YTD which is encouraging considering the follies.
For new traders (like me) this particular video hit home. This guy traded a simple strangle strategy (which can easily be converted to defined risk).
LINK
I had been playing with 0DTE SPX options but I got burned a few too many times by out kicking my coverage (knowledge). I realized I have been very profitable with my basic 30-45 DTE IC's, and everything else has cost me profits. So for now, I'm back to doing what was successful for me. As tempting as those 0-1 DTE SPX plays are, I need to focus on what works for me while building my account and experience.
Despite some of my previous strategies hurting profits, I'm still up nicely YTD which is encouraging considering the follies.
This post was edited on 4/27/23 at 3:02 pm
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