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LSUTIGERS74
| Favorite team: | LSU  |
| Location: | Houston |
| Biography: | |
| Interests: | |
| Occupation: | Mechanical Engineer |
| Number of Posts: | 245 |
| Registered on: | 10/3/2007 |
| Online Status: | Not Online |
Recent Posts
Message
re: Wanna yolo? Buy some calls on volatility.
Posted by LSUTIGERS74 on 3/15/24 at 3:47 pm
[quote]BourbonDad[/quote]
Would like to read your weekly post on your website. What is the link? If not can email to tgoat2004@gmail.com...
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re: Options Trading Thread
Posted by LSUTIGERS74 on 1/19/24 at 1:14 pm
[quote]Are you taking narrow strikes now?[/quote]
Yes, I am taking normally 5 wide in SPX and 10 wide on NDX (like NDX b/c premiums are a bit higher but have to deal with more intraday price movement).
Today is going to be one of those days were I take a small loss if SPX does come back down l...
re: Options Trading Thread
Posted by LSUTIGERS74 on 1/19/24 at 10:31 am
Yes chasing a small credit can be very costly. When I first started 0 DTE's I made the big mistake of presuming my max risk wasn't the full spread (i.e. 5 or 10 wide x 100) but rather it could be managed by rolling for credit and eventually expiring worthless, however as I learned the hard way this...
re: Options Trading Thread
Posted by LSUTIGERS74 on 1/18/24 at 8:33 pm
[quote]How are you doing with 0 DTEs?[/quote]
They are definitely, as someone put it, like holding a hand grenade. Beginning December and 1st week in January got absolutely destroyed, once because I learned a valuable lesson that just accepting the loss of the spread is much better rather than ro...
re: Options Trading Thread
Posted by LSUTIGERS74 on 12/29/23 at 8:30 pm
Will check those out in New Year, thanks! I took an IC on SQ Feb24 today but mostly have played SPX and NDX 0DTE this week at around .15 deltas, decent week with the tighter ranges...
re: Options Trading Thread
Posted by LSUTIGERS74 on 12/21/23 at 4:30 pm
Luckily avoided, as well, as was out on west coast field visit and didn't have a chance to enter trades or else I would have definitely gotten caught in the mess....
re: Options Trading Thread
Posted by LSUTIGERS74 on 12/14/23 at 7:45 pm
I have done the exact same thing last two weeks, switched to fewer contracts at ~15-20 deltas on SPX and making debit trades on spy, qqq plus amd, gtlb...
re: Options Trading Thread
Posted by LSUTIGERS74 on 11/8/23 at 8:24 pm
Will check out the twitter feed for uvxy, thanks for rec. also have been thinking of taking some long calls out a few months as think VIX spike happens thru Jan....
re: Options Trading Thread
Posted by LSUTIGERS74 on 11/8/23 at 3:29 pm
[quote]uvxy short positions[/quote]
Closed mine out last Friday a bit too early in the low 14's but still nice profit and as you have said, I will wait for another spike and repeat....
re: Options Trading Thread
Posted by LSUTIGERS74 on 11/8/23 at 3:27 pm
Jag, I have not been to one of the money conferences before, when I look at the list of speakers/agendas it is quite a broad span of topics. When you go to these events what is your primary goal (learn new trading techniques, network, new investment opportunities)?
I am sure missing the premium...
re: Options Trading Thread
Posted by LSUTIGERS74 on 11/1/23 at 8:29 pm
i will have to look into to their butterfly studies, lately I have been using my 0DTE credit spreads to bank roll my call and put directional trade learning curve in SPX. Still havent found a system I like on how to have a decent edge on placing directional intraday directions. I do like the delta ...
re: Options Trading Thread
Posted by LSUTIGERS74 on 11/1/23 at 8:24 pm
(No Message)...
re: Options Trading Thread
Posted by LSUTIGERS74 on 10/26/23 at 4:06 pm
[quote]lower delta positions[/quote]
The lower deltas at higher premiums has really helped to avoid the chaos. On NDX I was on the low side by over 3% today and still got within 65 points at one point in the day.
Guess nice thing with the volatility was there were plenty of opportunities for ...
re: Options Trading Thread
Posted by LSUTIGERS74 on 10/25/23 at 3:04 pm
That was a nail biter of a last hour for me on NDX SVP's. I got lucky this morning that I entered into positions in deep red and still went an additional 1.3% lower at 14350/14340. Nice to see .67 premiums on .05 delta albeit definitely gave it a run.
Finally found some wins on calls/puts on SPX...
re: Options Trading Thread
Posted by LSUTIGERS74 on 10/25/23 at 8:27 am
Anyone had any luck getting cumulative delta setup in Think or Swim? Not much info other than it may not exist in the same form as other platforms but is possible....
re: Options Trading Thread
Posted by LSUTIGERS74 on 10/20/23 at 8:59 am
Got it, I have only been using RSI, volume, bands and moving averages and then looking for consolidation with lower volume to predict a change in direction or peak.
I think I finally understand the absolute very basics of the delta hedge methodology. In the simplest terms I can think of you basi...
re: Options Trading Thread
Posted by LSUTIGERS74 on 10/19/23 at 8:37 pm
Congrats on the big day! I have actually spent the evening looking into your delta heading flow strategy and while I can't quite figure out the metric I am learning a good bit of other things. I had some calls and a few puts during the speech as well and while I did profit, I still have a few thin...
re: Options Trading Thread
Posted by LSUTIGERS74 on 10/19/23 at 5:36 pm
Not an easy pill to swallow on TSLA, crazy run down since Wednesday open. I would think it climbs back up with the typically volatility in that name, albeit may take some time.
Agree, 0DTE this week has done well with VIX a bit higher, have played both SPX and NDX.
I am playing these fairly n...
re: Options Trading Thread
Posted by LSUTIGERS74 on 10/18/23 at 4:41 pm
[quote]2012[/quote]
Not too far off, LSU ME 2004. Good to see a fellow engineer doing some great trading....
re: Options Trading Thread
Posted by LSUTIGERS74 on 10/18/23 at 4:40 pm
[quote]Sosnoff & Co. were playing it[/quote]
They were expecting a spike in VIX which it did today and had a ~$4 drop in the SVXY so would have paid nicely today as it was sitting around $86 when I looked at it yesterday at 6.42 credit on 10 wide.
[quote]TOS app[/quote]
So so on the app, I ...
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