- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Options Trading Thread
Posted on 2/1/24 at 8:42 am to Jag_Warrior
Posted on 2/1/24 at 8:42 am to Jag_Warrior
It is, but he also re-centers them a few times a day and buys a 30 day diagonal hedge for a marginal gain/variance reduction which I think is just not worth it. I've only done this for 3 days so far and have profit targets set to 20-25%, which is right in line with the optimal backtested strategy. For every iron butterfly sold (usually around $1600 risked for SPX) the average yield is around $95. I'm also not doing today (Thursday) because the detailed Option Alpha studies on 0DTE trades has shown that Thursday has strongly negative PNL for all premium selling types. No idea why, but I'll trust the data
This post was edited on 2/1/24 at 8:44 am
1
Posted on 2/2/24 at 2:22 pm to LSUtoOmaha
Hi Guys!
@Jag. Thanks for a very clear picture of the ODTE!
Ok... So I own shares of amazon (average price 104) and had a great week. I purchased debit spreads that doubled. ETC.. At 2:20 today, I purchased a debit put spread on AMZN for March 15th, $5 spread... My thoughts is between now and the 15 of march, there will be a slight enough pull back that I make some extra.
That's about the only moves I did.
@Jag. Thanks for a very clear picture of the ODTE!
Ok... So I own shares of amazon (average price 104) and had a great week. I purchased debit spreads that doubled. ETC.. At 2:20 today, I purchased a debit put spread on AMZN for March 15th, $5 spread... My thoughts is between now and the 15 of march, there will be a slight enough pull back that I make some extra.
That's about the only moves I did.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News