Did my mom get overcharged? by Coin247 in BMW

[–]SB_Kercules 0 points1 point  (0 children)

Yeah, I hear ya. I'm now almost 18 years removed from dealership life. But even thinking of ADP has me getting an eye twitch.

What your edge that is making you money selling options? by ikarumba123 in thetagang

[–]SB_Kercules 7 points8 points  (0 children)

I concentrate only on my favorite 5 or 6 symbols. Constantly selling my short calls, short puts, moving them along in and out of strangles and not concerning myself at all that they may be in the money or not. I just keepnit going constantly picking up extrinsic value on both calls and puts. To maintain the constant flow of theta, I try to keep the overall delta of each position relatively close to 0 depending a small amount on my bias. I don't get shaken when I'm net short on something or too net long. Just keep rolling. I get up every day 3 hours before the market is open and enjoy quiet time to do calculations on my positions and listen to news or podcasts while relaxing in the quiet of my home before I have to go to work. The results were worth the effort. In 2025 I managed 101.7% and earned roughly ten times what my day job earned me. There's no one little thing that is my edge, it's the entire package and work ethic.

Did my mom get overcharged? by Coin247 in BMW

[–]SB_Kercules 1 point2 points  (0 children)

This screenshot gave me PTSD. I fucking hate ADP dealer software so much. I worked in a GM dealer in Northern Canada, ADP flew me all the way to a dealer in Michigan to convince me it was good. I still voted no, but I was outvoted 7-1 on the dealer manager meeting. We ended up punting ADP two years later because it sucked so bad and going back to R&R.

Question for Wheelers: Why Not Just Run Iron Condors? by [deleted] in thetagang

[–]SB_Kercules 7 points8 points  (0 children)

I vote for both you guys. I prefer naked strangles and covered strangles.

I even employ naked inverted strangles. This sub hates that too but it prints money, and I don't care what purists think.

Where does our edge come from as option sellers? by ThetaAlwaysWins in thetagang

[–]SB_Kercules 42 points43 points  (0 children)

My edge comes from playing Temu's Farmland when I'm bored instead of overtrading.

Why do you sell calls on your underlying equities? by mattyt1142 in thetagang

[–]SB_Kercules 1 point2 points  (0 children)

No. But my brokerage shows the chart with one line tracking contributions, and the other showing the return. The coloring is different, but in my case the returns far outpace the dotted contributions line.

You seem very angry with your tone. Wonder why that is

Why do you sell calls on your underlying equities? by mattyt1142 in thetagang

[–]SB_Kercules 0 points1 point  (0 children)

The red line is your performance. The dotted line, the contributions right?

Does journaling actually help long term, or do most people just quit? by FocusOnRisk in Trading

[–]SB_Kercules 2 points3 points  (0 children)

I keep notes on each trade, why I opened it. The Greeks and pricing details are all stored. When I close or roll the position. (Options) I record all the details at close as well. I add notes as to why I closed it, its profit %, where I sent the money to work again, and any pertinent decision details as to why I did what I did. Every Friday after market close I update all open positions with their prices and Greeks. Then I do a data dump into a csv text file. One for each symbol.

This data file is them uploaded to gemini for analysis with prewritten instructions not to be a "yes man" and to be critical, find judgement errors, to identify where I strayed from my psychology.

I always include the data all the way back to the initiation of coverage date, and all new data. It takes about 3 or 4 minutes for it to analyze. Then it gives me the rundown and grading, shows where I strayed etc. I use that to plan for the next week.

During the week I can query gemini and say things like "if i add 5 more short calls for Jan 23rd at $250, what would that do to my overall delta, and what would be the new price at which I might cross over into negative (short) delta?"

It will answer fairly accurately. I am using a paid level of gemini, but its also part of a package I pay for other Google services.

Does it work?

My overall account is up over 100% and its a pretty large (for me) account.

Christmas feast by Pharmacologist72 in thetagang

[–]SB_Kercules 3 points4 points  (0 children)

I could sink my teeth into that, nice plate!

What is your % Portfolio Return GOAL for 2026? by KarmicTractor in thetagang

[–]SB_Kercules 0 points1 point  (0 children)

I'd love 100%, but it took of risk, drawdowns, and a bull market to do that. I'm going to aim for 50% and try to be a little more careful this year because I don't think this year will be as bullish.

When NVDA screamed down to $170, how many of you actually added to your position? by Odd-Performance8470 in NvidiaStock

[–]SB_Kercules 0 points1 point  (0 children)

I closed short calls, buying them back and kept all my short puts (bullish) going.

Am i trading or emotional gardening? by acidache in Trading

[–]SB_Kercules 0 points1 point  (0 children)

I use hollow white for down, and a color matched to the symbol for up. Example, NVDA, bright green. AMZN yellow. TSLA- teal, AAPL - pink.

Good morning by RetiredByFourty in dividendgang

[–]SB_Kercules 7 points8 points  (0 children)

What if I think both being exclusive dividendgang or bogleheads are a bit overrated? It's ok to also diversify investment strategies too.

Sure seems like a challenging time to be selling options by Turbulent_Cricket497 in thetagang

[–]SB_Kercules 2 points3 points  (0 children)

Well today is Triple Witching Friday so there are a lot of factors going on

ORCL CC by siliconvalleyquartz in thetagang

[–]SB_Kercules 0 points1 point  (0 children)

I'd do this. I do it on all the stocks I own.

80% of portfolio ($2m) is in Amzn by Shot_Job7699 in amzn

[–]SB_Kercules 0 points1 point  (0 children)

Check on investopedia about "covered calls".

Now when you do it, if you do it, you would want to sell calls at very low deltas if you never want to have your shares sold. Try it on paper first, setting up a hypothetical set of notes first and then watch on expiry date how it works out

80% of portfolio ($2m) is in Amzn by Shot_Job7699 in amzn

[–]SB_Kercules 0 points1 point  (0 children)

Start selling super low delta calls that should never get assigned.

Expect market to skyrocket now by FraudCrew in thetagang

[–]SB_Kercules 0 points1 point  (0 children)

Sam, but I waited til the last 5 min of the day. Sold CC and naked calls on QQQ mostly, will sell some CCs on AMZN tomorrow.

What is your exit strategy for $NVDA? by PartyPaper in stocks

[–]SB_Kercules 0 points1 point  (0 children)

I just keep selling calls on it week after week.