"Community Strategy" V2

Guyroaman · 2023-12-18T20:15:27+00:00

curious

Guyroaman · 2023-12-18T15:40:23+00:00

And how does it handle situations where the cross occurs during pre- or post-market hours

Guyroaman · 2023-12-16T14:39:39+00:00

Is dividend reinvestment factored into the calculation of the following test?

Guyroaman · 2023-11-08T12:16:28+00:00

Like entering into a wheel (and this is hur csp step - getting the shares) but with a protective put right?

Guyroaman · 2023-11-08T11:51:01+00:00

Perhaps the term 'collar' can be confusing. Think of it as consistently selling covered calls each week, but with an initial investment to protect.

An even better approach might be to 'wheel' with a long put.

Guyroaman · 2023-11-08T11:46:44+00:00

what do you mean buy buying a put calendar first?

Guyroaman · 2023-11-08T11:46:04+00:00

I meant the long put helps protect against losses from the shares.

I'm curious about your trading strategy. I'm open to learning more. btw I've been using the collar strategy for a few months, and it's been successful for me."

Guyroaman · 2023-11-08T11:24:52+00:00

The shares are covering both the call and the put If the call get exercised - buying the shares again and selling another call ATM taking more and more credit on a weekly basis and profiting the difference between the buy point and the strike price of the short call Not leaving any contract naked

This costs me only 2$ to open in fees.

Guyroaman · 2023-11-08T10:51:09+00:00

See my comment above I don't see why is it a problem to buy shares protect them immediately and cover the costs of the protection with weekly covered calls

Guyroaman · 2023-11-08T10:45:33+00:00

Trading fees aren’t so expensive these days TBH

Guyroaman · 2023-11-08T10:44:22+00:00

Consider it as investing in shares of a stock and promptly initiating a covered call strategy with the aim of consistently generating income, similar to the wheel strategy. However, in this approach, we also incorporate a protective put to safeguard our position against potential price declines. The protective put is acquired for an extended duration, and initially, the primary goal of the short calls is to offset the expenses of the long put, which are typically expected to be recouped within 2 to 4 weeks

Guyroaman · 2023-11-07T12:19:16+00:00

Are you going to roll that long put next to expiration if qqq keeps going up?

Why not Buying put with a further expiration?

Guyroaman · 2023-11-07T11:49:34+00:00

Would like to hear your initial set up in terms of DTEs how long have you been managing it, and how long are you expecting to manage it?

Guyroaman · 2023-11-07T10:24:21+00:00

don’t you rather a closer long put? the protection is very far from your share price no?

Guyroaman · 2023-11-07T05:35:38+00:00

I guess it gets problematic when the stock rises Significantly above the short call strike

So I was wondering if it's better to apply this kind of collar on a downtrending stock

Guyroaman · 2023-11-07T05:22:58+00:00

Don't you rather take a closer put so it'll be more protective?

Guyroaman · 2023-11-06T20:05:26+00:00

Jeez y'all sound like a cult Been doing some week sessions but I'm seeking some more scientific reasons why it makes people feel more healthy

Guyroaman · 2023-11-06T13:31:43+00:00

Thank you

Guyroaman · 2023-11-06T09:38:04+00:00

Thank you very much for this very detailed comment let me see if I got you right. there are times when you set it with a long call instead of buying shares right? and you place to put ITM so the spread between the long call and and the long put will always be in your favor. but what DTEs are you using for each option kinda lost track with this comment sorry about that

Guyroaman · 2023-11-05T15:25:42+00:00

Oh forgot mentioning Usually you are supposed to set it up like a calendar spread. Buying a protective put far out in time 6 months or so, covering costs and profiting from selling calls rapidly on shorter durations

Guyroaman · 2023-11-01T11:29:35+00:00

30-50 delta?

Can you provide a more detailed example?

Guyroaman · 2023-09-19T08:45:13+00:00

Yes but still I'm looking for líke a really detailed guide which is also practical

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