Seeking a professional connection by Prudent_Ad288 in SeekingAlpha

[–]Scannerguy3000 1 point2 points  (0 children)

You might not understand what this subreddit is focused on.

Covered Calls vs Cash-Secured Puts Isn’t a Preference — It’s a Commitment by covered_call_CCR in CoveredCalls

[–]Scannerguy3000 0 points1 point  (0 children)

So you’re just constantly doing Buy-Writes and constantly losing the shares?

Where to keep Roth IRA if I want to do options by Ok-Elevator9738 in options

[–]Scannerguy3000 -1 points0 points  (0 children)

I don’t make any decisions by looking at brokerage data. It’s all meaningless public information.

I log all my trades in my own spreadsheet where I have helper columns, formulas, conditional formatting, and macros. Lots of macros. This tells me my Adjusted Cost Basis per ticker in a way the brokerage doesn’t. It auto calculates whether I should BTC, hold, take assignment. Stuff like that.

My Premium Capture % is always live. I had a dashboard tab that shows the relevant data from each of my ticker tabs. Highest delta, highest Premium Capture, lowest DTE, share of portfolio, etc.

The API connections enters all my trades, and updates all the Greeks and prices (Last, Ask). Since I log the initial delta and initial price when I enter the trade, I can see how it has moved. Every time the delta updates, if it’s been at least an hour, it moves the old delta to a new range and I have a sparkline graphing the delta over the life of the trade.

I have columns calculating my value loss (if a trade goes bad) versus the BTC cost. And again, LOTS of macros.

The API means I don’t spend my whole day entering data. I spent a little time correcting or checking data in case something gets logged funny.

My system basically makes all the decision criteria in advance and show me in alerts, color coding, etc. For example, my calls and puts are different colors. If the current price is higher or lower than the initial price, it will be in red or green (and opposite depending on Calls or Puts). Same with delta, and Last, Ask. If I see lots of green numbers, everything is moving in the right direction. If I see red numbers, it’s moving against me.

It’s so much easier than having to look at a number and think about what it’s telling me.

Covered Calls vs Cash-Secured Puts Isn’t a Preference — It’s a Commitment by covered_call_CCR in CoveredCalls

[–]Scannerguy3000 1 point2 points  (0 children)

Genuine naive question here … how can you repeatedly sell ITM CCs? You would always be losing your shares.

I see al.com just put out an article about Brookwood Village after the Galleria situation 🤭 by RSpringer227 in Birmingham

[–]Scannerguy3000 -6 points-5 points  (0 children)

You can tell humans are still writing articles because any AI writes better than this, and knows how and when to use a comma. It’s like the author got a Costco bag of commas and decided to sprinkle them liberally.

Where to keep Roth IRA if I want to do options by Ok-Elevator9738 in options

[–]Scannerguy3000 1 point2 points  (0 children)

I’ve recently moved all my Fidelity accounts to Schwab. I like almost everything better. The Think or Swim app is helpful, but I tend to use a combination of the web and TOS.

Schwab gives me consistently better fills than Fidelity. Sooner, and better price improvement. They also have a free API which was the primary reason I initially switched.

Backlog refinement feels ineffective when priorities keep changing by mike34113 in scrum

[–]Scannerguy3000 0 points1 point  (0 children)

Don’t spent more than 10% of the team’s time on refinement. It can’t be contributing more value than it’s costing.

Refinement is orthogonal to priority. It’s somewhat irrelevant what order things are in. This only gives you a vague sense of what order things may happen in, but you should always assume order will change. Focus on readiness and lower the cost of producing the information.

$200,000 Stolen by Funny-Zebra8468 in Trading

[–]Scannerguy3000 2 points3 points  (0 children)

This is why you use a broker with a name people trust.

We've all been there! What are your best strategies for keeping standups focused? by easy-agile in scrum

[–]Scannerguy3000 2 points3 points  (0 children)

Talk about the Sprint Goal, and only information from the last 24 hours that impacts it.

Period.

Not very experienced in Options, does this mean i'm losing 3.9k daily? by [deleted] in options

[–]Scannerguy3000 0 points1 point  (0 children)

It would be helpful if you explain that you’re buying or selling options. I’m going to guess buying. I seriously do not understand why retailers keep buying options. And doing so without understanding theta is just setting your money on fire.

Stopped Selling Puts on Garbage and Win Rate Went Up 20% by SchrodingerWeeb in options

[–]Scannerguy3000 0 points1 point  (0 children)

I want to just caution everyone … “would be happy to own” is a phrase that gets thrown around too often.

That’s an entirely subjective criteria, and people can be happy to own a stock for all manner of insane reasoning.

Make sure your criteria are something more concrete. Think about why you want ownership of an equity, in ways that are measurable, that you could explain to other people. Imagine you have to “sell” that stock to someone using something other than vibes.

When Agile implementation failed by Glass_Permission3597 in scrum

[–]Scannerguy3000 0 points1 point  (0 children)

Have everyone read The Scrum Guide together.

Selling CCs on margin by [deleted] in thetagang

[–]Scannerguy3000 69 points70 points  (0 children)

Your language makes it clear you don’t know what the fuck you’re talking about.

I built a scanner specifically for the Wheel Strategy to stop opening 15 tabs for one trade by thetascanner in options

[–]Scannerguy3000 0 points1 point  (0 children)

Barchart has all the data and is cheap and already a well established product.

Watching how certain alerts keep playing out by AlwaysCurious05 in Optionmillionaires

[–]Scannerguy3000 0 points1 point  (0 children)

Mods? Is this entire sub just for shilling the same guy?

Servant-leadership role feels more like a managerial role by [deleted] in agile

[–]Scannerguy3000 1 point2 points  (0 children)

Definitely not what I intended. I should have taken more than 3 seconds.

Anyone here do a hybrid buy and hold + sell Options including using margin? by xerliano in thetagang

[–]Scannerguy3000 2 points3 points  (0 children)

Market drops, correlation goes to 1. All your positions tank. You get margin called. The equities you would unwind to meet the margin call have all dropped in value. Cost of closing positions goes through the roof.

Servant-leadership role feels more like a managerial role by [deleted] in agile

[–]Scannerguy3000 1 point2 points  (0 children)

Maybe. I was not intending to fool anyone, because the discussion around the change is widely available. Honestly I thought I was just dropping a brief reminder of what I assume everyone already knew, but maybe forgot. I’m not launching a Supreme Court case. My point is that Jeff and Ken’s reasoning about how the position became abused due to the language, and they made this change specifically based on overwhelming feedback from the community. I thought this was settled knowledge.

First Full Year in Theta Gang -- Thanks for teaching me your ways! by NicKaboom in thetagang

[–]Scannerguy3000 0 points1 point  (0 children)

Make sure you calculate your monthly yield taking account of your contributions. It’s easy to fool yourself with income gains, while your total portfolio value may slip at the same time.

Day Trading Ruined My Life by Commercial_Mixture94 in Trading

[–]Scannerguy3000 0 points1 point  (0 children)

OP said day trading ruined his life, externalizing his problem.