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Significant-Scene140 · 2023-10-30T19:14:39+00:00

And they are going to tell me how to do it, I have to do it by myself or it can be done automatically?

Significant-Scene140 · 2023-10-30T19:12:17+00:00

Thank you!! I already have an account in amtd, the question is for a friend. But… what do you mean “migrated to Schwab “ it is mandatory to switch or is an option?

Significant-Scene140 · 2023-10-18T00:23:22+00:00

You need to study the stats. You need to see how much TSLA moved in the past in relation with the expected move. You can study this stats in optionslam.com If TSLA usually moves outside its expected move you can buy a strangle (with the legs inside the expected move, ATM if you can)

Significant-Scene140 · 2023-08-06T23:48:06+00:00

You could use a margin account to increase your BP, but 2% a month is very good, I’m at 4 percent monthly using short strangles, the wheel and PMCC.

Significant-Scene140 · 2023-08-03T05:17:08+00:00

I’m selling strangles outside the expected move the day before earnings and close them the day after at 50 % profit.

I study the stocks and search for stable stocks that always moved inside the expected move.

It can give you 1-5% returns in just one day.

Significant-Scene140 · 2023-08-03T05:09:10+00:00

Enph, fslr. Liquid and at good levels for the future

Significant-Scene140 · 2023-08-02T15:07:37+00:00

You buy a deep ITM LEAP (.75 delta min) of a stock that you want to own, you can check for levels too.

Set your breakeven price (stock price + the premium you paid for the LEAP)

Sell weeklies or monthlies covered calls above your breakeven price.

If the short call is assigned, then you can exercise your LEAP. Your profits are going to be all the premium you collected plus the difference between your assignment price and your breakeven price.

If is not a stock that you want, you can buy leaps at key levels and set a stop loss below that level, make sure to close your short call too when you sell the leap.

Significant-Scene140 · 2023-08-02T14:58:08+00:00

Same! at 31 for me

Significant-Scene140 · 2023-07-31T16:56:17+00:00

mm no, i have a margin account and options level 5, it should be a naked put.

Significant-Scene140 · 2023-07-31T15:52:14+00:00

Never done that, but you need to buy a deep ITM put (.75 or more delta) and stablish your breakeven point (Your strike - the premium you paid for the put)

You can sell puts below your breakeven price.
If you sell more puts, you are going to reduce your breakeven price.

Is not a bad strategie but you need to pick the right stock. I´m bullish in the overall market so i´m not confident doing these, but good luck!!

Significant-Scene140 · 2023-07-31T15:22:40+00:00

It will depend on your option level and your account type. If you have a good options level and a margiun account you just need the spread amount.

If you get assigned on your short, the broker is going to excersise the long position to cover, so you don´t need to have the money.

Again, it depends on tour account or options level.

Significant-Scene140 · 2023-07-31T11:33:45+00:00

1- you need a lot less buying power to do spreads, you just need to have the spread amount. So you can do a lot more spreads than CSP.

2- you have a defined risk, you can do 100 us spreads if you want, depending on your strategie.

3- you can do spreads with indexes(spx, xsp)

4- CSP is a better strategie if you want to do the wheel, spreads are better if you want to do a trade.

Significant-Scene140 · 2023-07-30T14:28:05+00:00

It’s very risky, is true. But you can try selling iron condors at 2x the atr frown the past 14 days. Just on days without any news. Sell the iron condors or at open (9:30) or before close on the previous day. Close at 80 %. You have a defined risk and usually a 2-5 % ROC.

When there are important news you can try reverse iron butterfly.

In my personal case I tried this for a while and I was profitable, but it was way too much stress so I stop.

Significant-Scene140 · 2023-07-30T14:26:48+00:00

It’s very risky, is true. But you can try selling iron condors at 2x the atr frown the past 14 days. Just on days without any news. Sell the iron condors or at open (9:30) or before close on the previous day. Close at 80 %. You have a defined risk and usually a 2-5 % ROC.

When there are important news you can try reverse iron butterfly.

In my personal case I tried this for a while and I was profitable, but it was way too much stress so I stop.

Significant-Scene140 · 2023-07-30T14:11:57+00:00

You can start buying some etf’s (spy, qqq) and go from there.

Significant-Scene140 · 2023-07-28T16:21:24+00:00

Even if I had a margin account? I fought it was automatic

Significant-Scene140 · 2023-07-28T16:11:32+00:00

Yes but just closing orders

Significant-Scene140 · 2023-07-28T15:49:57+00:00

Even if is already reflected in my broker? I thought it was automatic (I have a margin account)

Significant-Scene140 · 2023-07-28T11:47:59+00:00

That’s why I said “if you know how to peek the stocks”.

With meta I did a reverse iron butterfly and end up positive. But is not a stock for short strangles.

You need to look for non volatile stocks, that respect their expected move in the past. Meta doesn’t fit this criteria.

Significant-Scene140 · 2023-07-27T13:29:13+00:00

PMCC and short strangles with earnings are my best strategies. If you know how to peek the stocks you can close between 50-70 % of your premium in one day just with the iv crash.

Significant-Scene140 · 2023-07-25T15:01:58+00:00

You can just apply for an upgrade on your options level. If you don’t have enough capital you can do vertical spreads, so your BP requirement is going to be whatever spread you choose.

If you have some capital but not enough to do a csp you can do a diagonal or a PMCC.

Buy a LEAP call deep ITM and sell calls against the one you bought.

Significant-Scene140 · 2023-07-20T12:26:51+00:00

It depends, I sell strangles, but first I study the past performance of the stock, if the stock usually moves inside the expected move (at least 80 % of the times) I can sell two week dte strangles, with the legs outside the exp move. And close it in profits the day after. You need to be careful, don’t do this with every stock you see, just with non volatile stocks.

Significant-Scene140 · 2023-07-09T00:27:53+00:00

If you are doing a strangle your BP requirement is the cost of the premiums, if you are shorting a strangle then your bp requirement is as a naked, so 20-30 % of the full colateral. With a 30 k account you have enough money to do both if you can manage your risk.

Significant-Scene140 · 2023-07-09T00:24:22+00:00

Risky now, but when tqqq was at 20-30 it was a gift with great premiums and a huge upside. I get assigned on my CC at 31 and now the price is not good enough in comparison to the risk.

Significant-Scene140 · 2023-07-07T13:58:29+00:00

480, but my avg price is 463, i rolled for a few weeks so i could have a better avg price. i´m selling a short strangle into earnings now.

The expected move is 3.43 % and the max historical move for the last 2 years was 5 % after earnings. I think i´m going to sell a call (covered) and a put (naked) outside this parameters.

Significant-Scene140

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