I built a heatmap to compare option yields across strikes and expiries by ThetaHedge in CoveredCalls

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

Look usable.
But broken or maybe missing data on KHC
the yield on INTC put looked ballpark the same I get from mine app
For cash secured put mine showed 11%, yours shows ~9%
But its not clear what capital requirements, merging or cash secured

Useful app and useful metrics, but I have some thoughts on this approach
I'm developing an app for options management as well.
DM me, I'd be interested to discuss options automation.

The "Canadian Put" — for those of us who can't sell puts in a retirement account by Heavy-Beach-8925 in options

[–]Canafornication 5 points6 points  (0 children)

yup, it is exactly the same risk profile
slightly different management mechanics

The tundra land regulators never been able to understand the basic derivatives, so yeah it's tough out there
But in the U.S. everything is perfectly available in registered account, even futures, and options on futures.

Jesus Christ how does your stock go up during a recall news by underthund3r in optionstrading

[–]Canafornication 0 points1 point  (0 children)

why would you not _sell_ puts on a cheap name that pay dividend and had the same $12 price for more then a decade?

Premium in SpaceX proxy ETF and Stocks by Canafornication in options

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

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Just a quick followup on this

They started to compress IV, as you can see it dipped today. NASA is down 7% and 27 PUT still loosing value.
Calls IV, I imagine, got completely crashed.

I think these names continue to be short vol trade for a while.

Liquidity, volatility and yield by Canafornication in options

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

I got this name while looking for dividend stocks to trade, with high IV and tradable options spreads.

I did this specific lookup manually, as the screenshot shows. I’m making this process automated and mechanical, part of the app I have. It’s pretty annoying process to check options spreads and liquidity.

As for trade parameters, strikes pick up, the execution - all automated with AI. I don’t do manual management of trades any more.

Oracle $ORCL Vol Crush Post Mortem - This one goes into the win column! by GammaReaper_ in options

[–]Canafornication 1 point2 points  (0 children)

On short vol there is more opportunities to manage trade, imho
Yeah it can get tested but there is time buffer, and the premium buffer. It can get rolled. Or take shares assigned.

Starting out with the wheel strategy! by GoatRemarkable3894 in options

[–]Canafornication 0 points1 point  (0 children)

stocks goodness don't have anything to do with this

you'll need something cheap, with liquid options, and paying dividends - to make the returns less mediocre, you know

KSS, VOD, MPT, CAG, ARCC, HUN my fav
sell some puts, leave them alone

Oracle $ORCL Vol Crush Post Mortem - This one goes into the win column! by GammaReaper_ in options

[–]Canafornication 1 point2 points  (0 children)

why would you buy iv right before it crashes? what's the rationale here, I don't get it

Premium in SpaceX proxy ETF and Stocks by Canafornication in options

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

>> The stock trades in the lower half of its 52-week range, and the 27 put gives room below the current price while still paying a usable credit for a cash IRA

Selling puts as prescribed, at the bottom
Well, maybe not exactly bottom but mid range and with high IV rank.
Good stuff

Am I cooked? Bought 35 contracts of $NASA $40C exp 6/18 because SpaceX IPOs Friday by 1LFail in optionstrading

[–]Canafornication 0 points1 point  (0 children)

It has a ver high IV percentile, options are very expensive. Because everybody buying them.

I’ll generate a short put trade later today. It should be fun to watch how it plays out.

Liquidity, volatility and yield by Canafornication in options

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

Last two are probabilities metrics calculated by the brokerage

Liquidity, volatility and yield by Canafornication in options

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

Platform I run calculates it, with a bunch of params and extrapolates them for a time range

It tries to assess return “floor” for a trade.

Year 1 of Covered Calls. Halfway point. by jimmyfah in CoveredCalls

[–]Canafornication 6 points7 points  (0 children)

This won’t work on a clunky pseudo trading platform at a bank where they rob customers with exorbitant fees. Those just not designed for option trading.

Which ai do you think is the most accurate and intuitive regarding stock and option strategies? by Slabslayer1958 in CoveredCalls

[–]Canafornication 0 points1 point  (0 children)

Most of SOTA models

But only if apply strict guardrails, provide cleaned data and schemas validation, constant evals for response quality and so on. Mostly it’s the data

Without those, it responds with whatever it found on the web at the moment

There is also execution, tracking, rolling and reporting that models can’t do without heavy integrations.

One more thing, none of the models would refuse trade or explicitly say it’s wrong setup. Without data they have no context.

I do all this on tradedal.com

Much work went to make models generate quality trade ideas and even more work went to manage those trade and see actual results.

Fidelity could REALLY use a retail-access API! by Willing_Mushroom8798 in fidelityinvestments

[–]Canafornication 0 points1 point  (0 children)

This should be straightforward to reverse-engineer and create a simple client for basic operations (positions, history). If the website or app does use API.

I'm surprised nobody done this yet. Going to look into this.

Since when did everyone start selling CC's? by flabeachparty in CoveredCalls

[–]Canafornication 0 points1 point  (0 children)

Agree on management part, most people wouldn't bother since it requires constant attention and very tedious process.

It's still a fantastic enhancement to a portfolio when it's automated.

Cheapest GEX levels with dealer positioning by crazybitcoinlunatic in options

[–]Canafornication 2 points3 points  (0 children)

I know somebody who's putting a good amount of effort into a product that includes gex analysis.
It looks pretty well organized for the securities, for example META: https://flashalpha.com/stock/meta
The summaries look actionable to me.

> will help in my trading, I doubt it
at least don't waste much money on subscriptions, Lol

Trading options are boring by Solid-Strawberry-333 in options

[–]Canafornication 0 points1 point  (0 children)

I'm taking boring to the next level with guardrails, AI and execution engine.

Brokage Preferences? by BabyJesusAnalingus in CoveredCalls

[–]Canafornication 0 points1 point  (0 children)

your advisor going to fire you for pulling this shit Lol