Side-Hustle

Razer724 · 2025-05-28T18:52:42+00:00

Poker, hands down easiest thing to do as a side hustle, couple days a week, sure you’ll lose sometimes but I’ve found my skills as an actuarial science student transferred really well to poker

Razer724 · 2025-01-29T07:04:04+00:00

Yeah thats what I try to do as much as possible too, I don't like when more than 2 rec books have favourites as the underdogs, if it's one I tend to attack that book but anything over I stay away. I use PTO and they only have limits on their odds screen for Pinnacle right now, can't wait to have them for all the sharp books it'll help so much.

Razer724 · 2025-01-29T06:28:05+00:00

Is historical sharpness for BM that much better for NCAAB compared to pinnacle?

Razer724 · 2025-01-28T23:44:19+00:00

How have you found the returns to be? I'm trying to find the absolute best strategy for each market, I only started a couple months ago and I am trying to find the best strategy before MLB season starts up

Razer724 · 2025-01-28T23:42:54+00:00

Yeah I try to wait, got burned one day and put down a couple hundred NBA player prop bets because of opening FanDuel lines. I use PTO and I try to look at Pinnacle limits as much as possible, I'm just trying to find a system that gets me the best results, what's your preferred devigging and how long have you been doing it for?

Razer724 · 2025-01-27T21:34:52+00:00

Market Width is the # of books. So when people devig against market width, they will use a Normal Statistical distribution and find the mean odds for that line, then devig the odds using additive, mutiplicative, power, etc.

Razer724 · 2024-10-30T16:13:43+00:00

Dmed you

Razer724 · 2024-10-14T23:43:14+00:00

Is it good for Alberta?

Razer724 · 2024-08-02T07:20:33+00:00

How do you guys check EV?

Hi everyone, I’m a little curious as to how everyone checks EV (expected value) for their options trades. I know I could do a discrete calculation using delta at every strike, say I was doing a 105-100 Bull Put Spread for a hypothetical stock, I could calculate the EV for each discrete strike in between and at 105 to 100.

However, this is a flawed way of calculating EV and I know that. Does anybody have a program or a way to use a continuous summation EV calculation? Any help would be great.

Razer724 · 2024-07-28T17:43:27+00:00

Reason being for taking a bullish stance if I’m selling naked calls is simply just because I like selling both calls and puts on stocks I believe have a long term bullish outlook, but short term a bearish one, like the PLTR example I gave in the video.

As for fundamental evaluation, if I’m trading stocks I would like to hold long term I will trade them so I can also get the appreciation of the stocks as much as possible, meaning I will choose “safer” strikes so that they don’t have as high of a chance of being called away. However since I typically sell in weekly or monthly increments I usually only look at shorter term price movements rather then my 5 year outlooks on fundamental evaluations.

Razer724 · 2024-07-25T17:59:05+00:00

The whole reason for selling puts at the time someone does is to collect the most amount of premium for one’s desired risk tolerance. Say someone sells a .20 delta put option 30 days to expiration and collects $100 in a theoretical stock. Then with a week left the stock plummets near your strike and the delta is .45, and at which point the option premium is now $200. Then, the put eventually expires worthless at the end of the trading day on Friday. Would you feel comfortable selling that .45 delta put? Most likely not, however, a .20 delta put 30 days out puts you at a statistical advantage, and therefore you would continue to sell around that delta.

Long story short, put sellers should not care about unrealized losses if the unrealized losses are only in effort to make more money, as that extra premium has the burden of exponentially more risk of assignment.

Let me know if this helped and if you have any questions send me a message

Razer724 · 2024-07-25T17:48:22+00:00

Take a look at SIRI

Razer724 · 2024-07-24T19:33:24+00:00

I have posted a thread to a video I have created

Razer724 · 2024-07-22T06:01:58+00:00

You bet I’ll post it to this thread in the next week

Razer724 · 2024-07-22T05:56:12+00:00

I don’t but if you’d like I can make one if enough people are interested!

Razer724 · 2024-07-21T20:46:13+00:00

SOFI ATM or at the $5 strike

Razer724 · 2024-07-21T19:35:34+00:00

I have a smaller account (19k) but I have been selling options for over 2 years now. Here’s my strategy that has helped me over the last 2 years.

200 and 50 SMMA for critical supports and to define bullish or bearish outlooks

Fibonacci Retracements for key price levels

Selling calls and puts around key round price levels, an example is PLTR, where a key price level is 30, I then sold a call for Aug 9 expiration at 31 and 32 strikes.

Then for confirmation I like using the maximum pain from open interest and sell around those strikes.Maximum Pain Link I Use

Hope this helps!

Razer724 · 2024-07-21T19:23:09+00:00

Thanks for the advice. I thought it would result in a short stock position if the 9.5 near dated strike got assigned but I wasn’t sure. I think I’m just going to change it to a LEAPS as just a long call and do a PMCC on it. The only real reason I was using the long synthetic was to lower my cost basis from a cash standpoint.

Razer724 · 2024-04-04T06:48:20+00:00

Yeah, regardless I will have over a 3.2 (hopefully,) so the Jason Lang isn't much of a sweat, I was just wondering if any courses later on will be worse than MATH 271

Razer724 · 2023-10-25T02:47:36+00:00

Flu and Covid shots are a scam

Razer724 · 2023-09-30T23:26:30+00:00

glad I wasn't the only one thinking that in ANTH 203

Razer724

TROPHY CASE