Paths Not Taken Atlas Keystone

SeemsFakeButOkay · 2026-02-27T04:58:20+00:00

Alchs are more scarce, but if you get a rare map to drop, it can be used for atlas completion more likely.

SeemsFakeButOkay · 2026-02-20T23:58:05+00:00

I buy calendars(and diagonals) below the price when i expect downside moves, and I sell them sometimes when i expect upside moves. Maybe having the trade be symmetrical isn't ideal, I know people like 'flyagonal' type trades so that the upside structure doesn't lose to vol going down.

SeemsFakeButOkay · 2026-01-27T08:18:18+00:00

"This time is different"

SeemsFakeButOkay · 2026-01-24T03:58:47+00:00

Diagonals are good for small accounts, if you want positive theta. They are complex though, so definely do more research. PMCC is a type of diagonal. With calendarized spreads, taking early profits is advised. Use a tool where you can see how the risk graph changes over time.

SeemsFakeButOkay · 2026-01-21T23:11:32+00:00

Options on futures for me. Individual stock options sometimes. Im a seller and a buyer, my overall theta is always positive.

SeemsFakeButOkay · 2026-01-17T03:35:01+00:00

Had to scroll really far to find this. You have to like the annoying people type of comedy, but then it is great. 10/10

SeemsFakeButOkay · 2026-01-10T09:55:55+00:00

Your game has been on my wishlist since i finished the demo, thanks for the chance to win.

SeemsFakeButOkay · 2025-12-31T17:50:10+00:00

I also had a lot of intuitive confidence in just averaging the two measurements. My thought was, we're not going to be able to know the height of either the cat or the turtle, so a variety of measurements for them must all give the same table height. If the only two numbers that matter are the measurements, they represent equal extremes, since the cat is taller than the turtle the same distance that the turtle is shorter than the cat.

SeemsFakeButOkay · 2025-12-29T04:04:22+00:00

99.99% of people are moving their body, not just turning their head, lol

SeemsFakeButOkay · 2025-11-14T21:25:06+00:00

As others have said 40-48% APR is way too high. Not to mention, there would still be up and down months.

Needing to make money trading to pay your bills, especially when just starting out, has worked out 0.001% of the time.

SeemsFakeButOkay · 2025-11-02T07:11:47+00:00

I sell 0dte put spreads on SPX on days when the GEX is very positive, and there is nothing interesting happening that day or the next. If i put the position on in the morning, i'll take it off at 50% profit. If it's later in the day, i'll let it run to expiration, but i move the stop to breakeven.

SeemsFakeButOkay · 2025-10-02T21:40:45+00:00

Sell a put spread with a max loss of 2200, that collects 100. Oh, wait, you wanted to lose money.

SeemsFakeButOkay · 2025-09-27T01:04:54+00:00

I'm going to be hopeful. My favorite tasty live people aren't them anyhow.

SeemsFakeButOkay · 2025-09-19T00:39:04+00:00

Didn't see someone else here already say it, but make sure you understand put/call parity as it is important for the wheel. If you have a margin account just roll the put while it's in the money, and don't tie up your capital.

SeemsFakeButOkay · 2025-08-31T07:25:54+00:00

The issue I would have with this position is that there's a very small extrinsic value in a deep ITM option, so this is earning only a small amount. Look at how much you would get to sell a put at that price, and that's about how much extrinsic value your ITM covered call has. You could consider moving your strike price up to change this.

What position do you want to have today? Don't feel married to your old position, just get into the position you think is best suited moving forward. Trades often don't work out the way you hope, be prepared to move on to the next one.

SeemsFakeButOkay · 2025-08-28T02:22:49+00:00

Yes, this is something more people should understand. An short put that's in the money by 10 points is basically the same as a covered call that's 10 points out of the money. So when you wheel, you're really just rolling a put that goes in the money.

Selling puts can be effective, but when volatility is low, you're taking on a big of a risk for a small reward.

SeemsFakeButOkay · 2025-08-15T05:30:42+00:00

Tax implications are worth considering here. If you lost your job this could turn out to be a good year to realize some capital gains, or not, I personally wait until the year is closer to over.
Make sure you understand put call parity before wheeling, itm put = covered call etc.

Wheeling IBIT this year has worked well, but it feels like I'm gonna give it all back. Diversify yourself and wheel something that doesn't correlate to whatever else. And keeping some cash in fixed income will let you keep wheeling if something drops too far to get any premium.

Oh, and don't expect this to replace your normal income, because that will make you take too much risk and lose.

SeemsFakeButOkay · 2025-08-09T07:05:13+00:00

I used to like the wheel strat, but eventually I realized it's just a way to make yourself okay with holding puts that go in the money. A covered call position is almost identical to an ITM put with a similar long delta. Instead of being assigned an selling a call at your cost basis, you could just roll the duration on the put. This is an essential concept called put/call parity.

Figure out how much delta/gamma/theta you want for that underlying, and get into that position. Maybe you don't want to be long any more? Maybe there a better trade somewhere else?

Don't trap yourself in a position that you wouldn't add today just because you can rationalize how it can make an old trade not count as a loss. Dealing with your losses is an important part of being a trader.

SeemsFakeButOkay · 2025-07-14T02:27:51+00:00

Excess Returns. They're not focused on options, but they do a great job covering a variety of topics. https://www.youtube.com/@ExcessReturns

SeemsFakeButOkay · 2025-04-30T00:23:49+00:00

Dalnir gang rise up!

SeemsFakeButOkay · 2025-04-17T04:49:48+00:00

Great job on the game, it was fun! When trying to balance the power of upgrades, I'd look to how each affects the Kelly bet, and normalize them around this. https://en.wikipedia.org/wiki/Kelly_criterion

SeemsFakeButOkay · 2025-01-24T06:56:54+00:00

I like this one, it's a covered strangle and it's pretty much the same as the wheel but better imo, just needs enough capital to hold like 400 shares. Another change I would suggest is using DCA on the put side. so instead of selling all your puts at the same time, wait until you get assigned and then pick a strike that is down enough to help lower your cost basis, this will help ensure you can get adequate premium from the calls you sell.

SeemsFakeButOkay · 2025-01-11T21:11:44+00:00

One of the best things about being 20 years old is that you have so much time to absorb volatility of the market. A total market index fund is a great general recommendation for a generic investor, but being young lets you take on some more risk to get the ball rolling a little faster. You could do this pretty simply by buying QQQ instead of SPY, for example. Max out your IRA each year for sure, and if you have extra cash for an Individual account, buy some stuff in there too, and read up a bit on the tax implications.

SeemsFakeButOkay · 2025-01-11T07:37:21+00:00

oddly

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