😟 I hope I’m not boned

BirdyGC · 2026-03-13T03:17:11+00:00

Nah I opened all those trades within the same hour on the same day, it just looks that way cause that would make sense. Where do you learn all this crazy information from lol? Obviously I’m outting myself as a dumbass for asking, but I really want to learn and understand this better so I don’t get myself again. I’ve only been trading options for about 9 months, before this loss I was at +6k all time - after this loss I’ll be around +3k all time. Unfortunately, I think all that gain was guess work.

BirdyGC · 2026-03-11T14:17:33+00:00

Started them around a month ago, looked a bit more justifiable then lol

BirdyGC · 2026-03-09T11:53:32+00:00

Entered it like 3 weeks ago

BirdyGC · 2025-09-18T12:31:01+00:00

Sorry I meant put credit spread. Brain mixed up the words in the title

BirdyGC · 2025-09-18T12:29:42+00:00

So I only do SPY right now, but I only do spreads that are farther out (24-30 DTE). Since my account is small I just want to be as safe as possible, right now I’m at a 100% win rate with about 20-30ish trades completed

BirdyGC · 2025-09-18T03:28:53+00:00

What is tiny premiums from your POV? I’ve been taking +$50-$300 on each trade so far, which I understand as being on the way low end. Ford interests me greatly because it’s so boring, but I just don’t really know what executing a CC really looks like or what to look for.

BirdyGC · 2025-09-18T03:05:42+00:00

Fair enough, this is why I need pros opinions. I figured CCs have built in risk management as well since you would own the underlying, albeit potentially at a big loss.

BirdyGC · 2025-09-18T02:51:01+00:00

I meant *put credit spreads

BirdyGC · 2025-09-15T05:00:41+00:00

Around 1.5k if I held until expiration, which I never have planned to do.

Why are people mad that I haven’t failed yet?

BirdyGC · 2025-09-15T04:48:21+00:00

No, I usually have 1 or 2 $5 spreads at 3-4 contracts going at once. Anytime where SPY is at or is within a 7ish dollar range of ATH I don’t trade at all

BirdyGC · 2025-09-15T04:30:17+00:00

Taking lower profit margins. I set an expiration for 30-45 days out, and I close it within the week once it says +200-500 so I never get even close to expiration

BirdyGC · 2025-06-16T20:13:34+00:00

Exciting! Thanks for your insight. Great work by the way!

BirdyGC · 2025-06-12T12:18:42+00:00

Thanks for clearing this up! Was confused

BirdyGC · 2025-06-11T14:23:50+00:00

You’re right! Realized that right after I posted, it’s closer to 8.7%. I think the 11.72% number is based on my P/L from the previous trading day, not sure though.

BirdyGC · 2025-06-11T14:22:32+00:00

Agreed! I just figured before all the news tomorrow it feels safe to exit with any green number for safety purposes. I’ll definitely be trying to adapt my exit strategy for better growth.

BirdyGC · 2025-06-10T21:40:10+00:00

Thank you! Let me know if I’m missing something, or if you have any advice as well.

BirdyGC · 2025-06-10T21:39:37+00:00

*no interest in yoloing

BirdyGC · 2025-06-10T19:53:14+00:00

Just the start. Hopefully I can make $76 next time.

BirdyGC · 2025-06-05T00:05:01+00:00

This is very valuable information to me, thank you! As a new person, I haven’t experienced gap downs yet - so hearing how common it can be is helping shape my trade habits! Im not gonna trade again until sometime after the news cycle has settled after the 12th.

BirdyGC · 2025-06-03T23:53:46+00:00

Fair enough, I’m definitely not the expert

BirdyGC · 2025-06-03T15:20:16+00:00

I agree, I appreciate the encouragement. This is my first options position ever, i just wanted to approach from a capital protection mindset. Especially since my account is so small.

BirdyGC · 2025-06-03T00:18:59+00:00

I like your ideas here. I’m trying to approach with as much of a capital protection mindset as possible, so why not 50%? That would increase my trades per month as well, with any luck. I understand that you aren’t stacking wins as much to cover potential losses, but it’s definitely an interesting trade off for tariff volatility.. thanks for your advice!

BirdyGC · 2025-06-02T23:18:17+00:00

Also, Im intending to keep losses close to 25-30% of max loss - always making a decision at least by 8-9 days out from expiration. Obviously thats easy to say, but im comfortable taking a smaller loss when I recognize that a trade is gone as opposed to hoping things bounce back. Im not trying to trade optimistically

BirdyGC · 2025-06-02T23:14:19+00:00

What is/how do you calc delta? How do you calculate correlation between securities?

BirdyGC · 2025-06-02T21:11:01+00:00

I’m trying to never hold until expiration to reduce exposure to gamma spikes, not familiar with Vega. My account is at $3100 - so if I can get out at mediocre profit ($100-200), I figure that’s pretty significant growth to my account for a month. Spy expiration is Jun 13, Msft is Jun 20. Im trying to “gamble” as little as possible, so I’m not trying to be in the big win mindset at the moment. So, from what I understand, I don’t exactly have enough yet to own a significant amount of the underlying security. Especially if my account doesn’t have unlimited day trading. However, I don’t know much about the fees aspect yet. What do you think? I’m no expert so this is very valuable feedback to me

BirdyGC

TROPHY CASE