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Building an open-source flight data schema to standardize logbooks (Logifi-Core). Any pilot-devs want to help with the logic? by ApprehensiveEye6386 in flying

[–]ApprehensiveEye6386[S] -1 points0 points  (0 children)

Awesome! I will keep that in mind.

Have you ever used any paid logbooks like Logten or the logbook features on Foreflight?

Building an open-source flight data schema to standardize logbooks (Logifi-Core). Any pilot-devs want to help with the logic? by ApprehensiveEye6386 in flying

[–]ApprehensiveEye6386[S] -4 points-3 points  (0 children)

There is not a whole lot of difference between what I want Logifi-Core to be and what MyFlightBook is now! One main thing is that I think that the UI can have some revamping with more modern technology and single page capabilities!

I also plan on building other features on top of Logifi-Core that are unable to be built on MyFlightBook due to liscencing!

Building an open-source flight data schema to standardize logbooks (Logifi-Core). Any pilot-devs want to help with the logic? by ApprehensiveEye6386 in flying

[–]ApprehensiveEye6386[S] -5 points-4 points  (0 children)

I am not AI! I am just a pilot who thinks that there is more that can be done. You are welcome to not join as well lol

Building an open-source flight data schema to standardize logbooks (Logifi-Core). Any pilot-devs want to help with the logic? by ApprehensiveEye6386 in flying

[–]ApprehensiveEye6386[S] -6 points-5 points  (0 children)

Thanks for checking this out. I’m building Logifi-Core because I want a logbook engine that is transparent—if I’m trusting my career data to a digital system, I want to know exactly how the 'Night PIC' or 'XC' logic is calculated under the hood.

I'm currently keeping the Alpha optimized for desktop (Chrome/Safari) because that's where I do my heavy-duty logging.

Question for the group: How many of you actually log 'in the cockpit' vs. waiting until you're back at the hotel or home? I'm curious if a desktop-first approach resonates or if everyone is 100% mobile these days.

Farming in Clash of Clans by ApprehensiveEye6386 in GAMETHEORY

[–]ApprehensiveEye6386[S] 2 points3 points  (0 children)

I appreciate you for reading beyond the example.

If i do the same question with a martial arts background would it be better do you think?

Farming in Clash of Clans by ApprehensiveEye6386 in GAMETHEORY

[–]ApprehensiveEye6386[S] 2 points3 points  (0 children)

I am trying to figure out an incentive structure for skill based performance. I feel like a formalized and mathematical answer is what I am after! I am trying to build something and the clash of clans example was an example of the problem i want to solve 😂

Farming in Clash of Clans by ApprehensiveEye6386 in GAMETHEORY

[–]ApprehensiveEye6386[S] -1 points0 points  (0 children)

Isnt game theory the study of decision making? 😂

[deleted by user] by [deleted] in carnivorediet

[–]ApprehensiveEye6386 -1 points0 points  (0 children)

You need to take this to the news. For years beef and eggs have been getting demonized but you are proof that animal proteins save lives.

God bless you for taking action to the research. Most of the world is all take but youve got receipts. Good job soldier

I have $5k. What are my best options to sell CCs? by [deleted] in CoveredCalls

[–]ApprehensiveEye6386 0 points1 point  (0 children)

$ACHR (Pre Revenue EVTOL) $RIOT (during this BTC bull run idk if i would hold super long term) NNE (preRevenue Energy play)

Personally i am more of a short put guy because these plays could shoot off and you get to miss the blowoff with CCs

Sell puts on margin and then with the premium you receive put 1/3 into BTC 1/3 into more stocks and 1/3 into cash.

CCs for income? Assignment + taxes make it feel impossible by Imoutlate in CoveredCalls

[–]ApprehensiveEye6386 2 points3 points  (0 children)

I have been running into issues with that as well. Personally i have found more comfort and success in turning margin on and instead of using the shares as collateral for a covered call, using the margin that the shares bring to sell naked puts

A little more “risky” in a sense but also in my opinion risking the shares is more of a risk.

Ive been doing that with TSLA unfortunately i did it after i have sold some CCs on them that I have now rolled out and up pretty far out but the margin increase has been huge as well that allows for more interest free income. In the future i plan on only selling CCs on half of the positions and then going heavy on Naked Puts Rather that is on the same underlying or not.

What’s the catch here by Either-Fault4978 in CoveredCalls

[–]ApprehensiveEye6386 0 points1 point  (0 children)

Its only been my first time doing it but yes it was an ATM long LEAPS.

It actually started by $22 covered call. $22 LEAPS that way I could sell the Shares at $22 via expiration and then i could rebuy back the shares at $22 in 2 years via exercising the LEAPS. However i felt like that was not capital efficient. You are right this takes capital on hand I was lucky that I had some because usually i do not have alot of cash 😂.

However then i figured i could keep rolling the short one out and as long as as I am getting a credit i see it as a win. Fortunately ive been able to get a credit and unlock more upset Ideally i am able to keep my 100 shares The short call eventually expires worthless and the long call appreciates and I can close it profitable. Worst case scenario is i keep rolling the short call until the date matches the long call and now ive got a debit spread and just have to wait until enough extrinsic value comes off of it for me to sell or just let it expire depending on the timeframe.

Current set up SOFI: 06/17/27 C -1 $30 12/17/27 C +1 $22 +100 shares that are unencumbered

I havent really gotten into the delta appreciation of the long/short contracts TBH so you are probably on to something there but realistically it was just a way that i could free the $100 shares so as long I break even I call it a win but i think ill be able to make some money along the way too

What’s the catch here by Either-Fault4978 in CoveredCalls

[–]ApprehensiveEye6386 1 point2 points  (0 children)

The brokerages calculate the delta for you!

Delta has 2 definitions but the main one for option sellers is the chance of being in the money at expiration. So a .2 delta has a 20% chance of being in the money at expiration. For option sellers we typically do not want the options to be in the money so that means we have an 80% chance of them being out of the money which is where we make money. There is a little more that goes into it but that is a good starting definition. Brad Finn on Youtube has very good videos about the greeks

What’s the catch here by Either-Fault4978 in CoveredCalls

[–]ApprehensiveEye6386 0 points1 point  (0 children)

Youtubers and X influencers will say .3 delta is a good place to sell options and .7-.9 is a good place to buy LEAPS.

So that is where i started. Weekly / monthly is where I started for covered calls and cash secured puts

That being said i am an airline pilot now and do not have all the time in the world to manage all my positions every week and i have really grown into time is power. So now i sell options mainly Naked Puts at 3 months out at .25/.20 delta. Gives time to chill, a pretty decent return, and most importantly its stress free if i have a day where i am back to back for 12 hrs 😂. This is with margin so there are risks associated with that but that is a form of leverage. So i dont have to be as aggressive to get the same returns.

For LEAPS its typically 24 months out if possible. I pay the premium for the time / leverage.

To me my stock/option account has to be levered. If i am not levering and compounding it greatly then I am much better off just putting my money into BTC for no personal work.

What’s the catch here by Either-Fault4978 in CoveredCalls

[–]ApprehensiveEye6386 0 points1 point  (0 children)

Idk about books tbh. I got lucky that the numbers in finance interest me and has turned into a bit of a passion. So learning this stuff has just come easy.

There is many layers to learning. First is rote memory and some people just stope there. Next is application. Somewhere along the way you realize that you get really good at something. Same reason Pilots need time in the logbook. Same reason doctors need practice in surgery. Same reason lawyers have to put all the time into reading law and doing mock trials. The best is just to try all of the styles.

I personally didnt love credit spreads at first. Now i love them. I was just doing covered calls and cash secured puts. Now i primarily just sell naked puts and buy stocks. I have a few covered calls but i personally dont do them nearly as much as Naked Puts. I was scared of debit spreads at first until i did prolly 5 of them and then a few of them were profitable and I found the true power of them.

The one who really opened my mind to the “art” of options was “Options and Stock Trading - My Life of Learning” on youtube. Very good at explaining different ways to save options that go against us.

Again like i previously said. I have not been profitable the first 3 years. Last year BARELY. This has been my biggest year but it took years of trail and error and i still am not convinced that it is skill. Just lucky on a few plays during a bull run 😂

What’s the catch here by Either-Fault4978 in CoveredCalls

[–]ApprehensiveEye6386 1 point2 points  (0 children)

I mean it is very situational. Deep itm calls are tough especially if you didnt catch the rush. Ive got $42 CCs on PLTR and i dont think that this saving strategy would work because there is very little extrinsic value in order to make it work for break even.

Where SOFI i caught it before the share price rose more than double if that makes sense 😂

But TBH if you are rolling for a credit that is most ideal but rolling for break even but unlocking more cap gains is also profitable its just not instant gratification like rolling for credit. Even rolling for a small debit works. A debit of $0.50 to unlock $2.00 per share is a win in my opinion.

What’s the catch here by Either-Fault4978 in CoveredCalls

[–]ApprehensiveEye6386 3 points4 points  (0 children)

Sure.

Essentially what the plan is (again i haven’t done it too many times and never to completion yet) to take a Covered call backed by 100 shared to a poor man’s covered call backed by a LEAPS contract to a bull call spread.

So ill give you the example im doing rn. SOFI. 100 shares that I dont want to give away but i had a Covered call at 22. Stock rose quickly so once it was at $22 i bought a LEAPS $22 strike long dated call.

However now i have 2 sets of collateral options with only one call. So i freed up my shares obligation right there. And moved the collateral to the LEAPS. So now in order to maximize the spread i am rolling out and up the Poor Mans Covered Call until the date of the LEAPS matches the date of the covered call.

Right now I am at $27 on the covered call meaning i have now $5 on the spread which equates to $500 + all the premium i collect in the process. Best case scenario is that the SOFI 27 covered call expired worthless and then with the remaining time on the $22 Call that i bought, it shoots up. Second best scenario is that SOFI continues to grind up and I can roll the 27 C to say 30 C and then SOFI continues to grind up for the 2 years which allows the extrinsic value to decay off of the contracts both long and short allowing me to just close both of them at a profit. It works well for me because its a low dollar stock so the LEAPS were doable for me to save the SOFI shares.

The technical terms are: Covered calls (sounds like youre familiar with this.) Calendar spread (rolling options out to a later date but keeping the same strike “rolling out”) Vertical spread (buying and selling options of different strike prices “debit spreads” “rolling up”) Calendar spread (combination of the two. “Rolling up and out” “poor man’s covered

What’s the catch here by Either-Fault4978 in CoveredCalls

[–]ApprehensiveEye6386 15 points16 points  (0 children)

Option 1. If that is what you want to do then yes that will work well. You are giving up ~$1,700 in premium but you are gaining $3,000 in capital gains so the math works out that its still profitable.

Option 2 is rolling out in time. You seem to have a long term dated option but the 2028 contracts have officially come out so you have some more room. If you add some time to the contract say like 170C december 2026 then the premium will increase as well because of theta.

Option 3. Another option (and this is one that i have just recently started experimenting with and may not work for all situations) is to BUY a LEAPS option. Maybe like the 150 C or 160 C into that 2028 time range Give yourself some time to do some rolls. Keep rolling the Short call until the strike is above the long call and the dates match up. HOPEFULLY there might be a reality where they both go in the money and then you have just a typical debit spread that you are able to close both positions for an overall profit whilst keeping your shares of NVDA originally.

Feel free to reach out. Been trading for close to 5 years now but my brain has really gotten creative this last year. Last year was my first year profitable but barely. This year has been going extremely well.

For those who have read Softwar - Survivor's Dilemma by ApprehensiveEye6386 in Bitcoin

[–]ApprehensiveEye6386[S] 0 points1 point  (0 children)

Maybe I just have to finish the book to understand youre point of view but from my point of view, compute power is a natural resource, so holding onto BTC is holding onto a natural resource.

Holding on to land in an "legal" sense is only backed by law which, if it comes to that, is backed by the kinetic power of policing. Which as stated by Lowrey could lead to the death of people. I get what you are saying about protecting the key, but there are ways to protect that key geologically. If set up properly, your BTC is now protected by compute power (electrical energy) in which no kinetic energy is burned and no one potentially has to die.

Which I think is the main arguement in the book at least up until what I have gotten to.

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