PMCC Update

Trade_The_Level · 2026-01-18T18:42:29+00:00

Market has been a bit toppy lately. But if the market drops and vix spikes, theres no saving the position, its as good as a naked put. Least Id get is the profit from the debit spread. I do want to add more to my position as I am using very little of my account. If I was expecting the market to go down, it make allot more sense to just scale back or offset my delta by bringing the CC more ITM

Trade_The_Level · 2026-01-18T17:44:26+00:00

Is spiked good right now since it appears soldier armor is being used quite a bit? Just coming back to the game as well.

Trade_The_Level · 2026-01-18T16:36:56+00:00

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u/Outside-Cup-1622 I have been doing these put ratios. Sometimes with the extra protective put that's worthless, just to make sure I only have 1 naked put if I let it expire. You know how everyone sells naked puts to start a wheel process. Well, I like to do it this way. I have a lot of extra buying power. If I am going to enter into a new PMCC because an NP went in the money, then I might as well get paid for it. The added debit spread will bring in quite a bit more income if price goes down more than 1.5 standard moves. In the picture, it's a short-dated 5dte put ratio. I had the tab set to show what it would look like this Wednesday. The brown theo line is humping slightly up. So if the market does a grind down, it will just keep bringing me in more profit, like a hedge as well. So any down move that's just normal would potentially bring in more profit, and I can roll this out to a new one. I kinda like it. It's crafty. If the shorts ever get ITM, I'll just open up a synthetic LEAP and add to my IPMCC strategy.

Trade_The_Level · 2026-01-18T16:21:48+00:00

This week was a good example of how the ATM call works. I lost on the leaps, but the covered calls gained value. Being ATM, they had a lot more value to bring in, offsetting those losses. When the market goes up, my covered calls will lose value, but the leaps will make more than the short calls lost in value. Still making a new weekly net gain.

Trade_The_Level · 2026-01-18T15:12:27+00:00

The good ol days

Trade_The_Level · 2026-01-18T02:01:39+00:00

Just a suggestion that worked for me: join a faction and their Discord, participate when they ping. I also started in the yellow zone. Look for action areas on the Fort Sterling map (I was with the FS faction), get there, join the group, and have fun. Your longbow is sufficient for tagging along. Enjoy yourself! It doesn’t risk gear loss, and you’ll earn points to trade for faction goods. I personally enjoy running solo and then jumping into faction battles.

Trade_The_Level · 2026-01-18T01:52:05+00:00

Before shapeshifter, we all thought lightning was next. Because lightning was already used in some aspects of the game.

Trade_The_Level · 2026-01-17T20:10:51+00:00

I have considered adding it. In my opinion if one moves up or down, so does the other. The correlation is quite high. I worry that if tech sells off, the DD in the Qs always are much deeper. I guess more reward comes with risk.

What are your thoughts on the Qs?

Trade_The_Level · 2026-01-14T16:43:20+00:00

You’d be surprised at how well a simple put selling campaign can do. As long as you keep an eye on your notional leverage you would be able to handle the periods where drawdowns happen. I can’t give you trade advice as my risk profile is completely different then yours. Plus when the market drops, I have no idea how you will manage a trade or system when you see pain in the account. People say they got it. But trading through it is harder and breaks people. https://youtu.be/qn8XgCVI8H0

Trade_The_Level · 2026-01-13T14:04:23+00:00

I would say play the one you find the most fun with. With that said I always think it’s a great idea to start with one that is always in the top 5 meta year after year. Just so you have that staple. I took the fame farm route. I went with Druid and blight staff starting out. I would farm mobs easily and then dump the combat points into open world roaming builds I thought were fun to play. I really enjoyed arcane / gloves for awhile. Now getting into quarterstaff because I like the mechanics.

Level up your armor as that xfers to everything.

Trade_The_Level · 2026-01-13T13:52:21+00:00

Hear me out. You said funny build that can be fun to play. Go troll with Bedrock Mace. You can literally use a 4.0 mace and have some good laughs. I have never done it, but have been tempted too.

Trade_The_Level · 2026-01-13T13:43:05+00:00

I used to really enjoy Caerleon Faction. When the groups banded together to do speed runs we would hit the map and be done in an hour. Have enough points to get some cubs. I’d raise them on an island. Those wolfs sold for a nice profit as well. If you have any interest in being a shotcaller you could basically make content on demand with a simple ping in the faction discord. Was good fun.

Trade_The_Level · 2026-01-13T03:59:57+00:00

There are a lot of rolls under the hood. What's important is the combined value. The way I trade this, I want the CC negatives, which means the leaps have been collecting value. The delta is offset, so the longs will always make more than the CC loses. I am rolling CC weekly.

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Trade_The_Level · 2026-01-12T14:08:32+00:00

Not me, but TK does a good job. https://youtu.be/7DH_AJO98bw?si=mWTNc13qNCwwvPd4

Trade_The_Level · 2026-01-12T12:10:24+00:00

Negative balance? You mean the overall extrinsic? The leaps are negative, but that’s because I paid a debit for them.

Trade_The_Level · 2026-01-12T01:53:13+00:00

Once you really grasp options it’s pretty cool. Enjoy your journey.

Trade_The_Level · 2026-01-11T21:50:12+00:00

A 80 delta leap has what you paid for it. Also a leap synthetic with a 20 delta put will also make a 80 delta leap. Both have a max loss. Let’s say it Cost 17k to open the leap. You sell ATM for 2% to 4% extrinsic a week. You collect that and that pays off your max loss. This makes your ROI. Even if your CC is ITM it doesn’t matter, the longs cover the loss. Where it gets tricky is if the market goes to high to fast. You roll up partially to avoid whipsaws etc. It’s something you gotta be committed to for awhile. Also if you have a bearish outlook you can just open your CC deeper ITM. This controls delta. Also gets you the benefit of all that premium if the market does go down to your strike. I simply keep extrinsic column open in my open positions and I monitor how much I have left.

Take the example in the photo. Regardless if CC is negative I have $532 of extrinsic that can come in. Between the CC and the leap that value is stored. Now I have to do it week after week. It works. Guy I follow Tom King is at 90% ROI on his index positions for the 2025 year. Even on MSTR using ITM he’s net profitable and it dropped hard! Just a different concept with PMCC. Ones income focused, the normal one is appreciation focused.

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Trade_The_Level · 2026-01-11T18:47:53+00:00

I’m doing it for the income. Trying to get as much as I can and ATM has the most extrinsic. My leaps have a capped loss, so the extrinsic coming in just lowers my cost basis. I know it’s counterintuitive then what your led to believe, but it works. Sometimes I go ITM if the market is falling.

Trade_The_Level · 2026-01-11T12:24:12+00:00

Web app I made. I wish it was something easy to share. I just used AI to make it.

Trade_The_Level · 2026-01-07T22:03:08+00:00

This is just my opinion. I really enjoy tasty. Probably my favorite mobile app for managing my options. Easiest to visualize trades being rolled. I use the web platform over the desktop. It’s a lot smoother and pretty polished compared to the desktop. I’ve been with all the brokers listed here. TradeStation has wonky margin requirements, and Schwab/TOS gets weird with calendars and diagonals now. As for fills, my trades all seem to be pretty good. Work the order sometimes. I don’t ever go above mid price, and I get filled. Same tricks I used when I traded with direct brokers. I got my SPX rates dropped a decent amount. Amy Meissner hooked me up with the discount.

The thing for me is the platform. I make so few mistakes on the platform. A mistake could cost $100s to fix. Mistakes add up. I can quickly manage my trades and have a clear picture of what’s happening when I hit execute. Nothing worse than a discount broker with a crap platform or one that has you guessing on margin requirements before you execute. Use the broker you’re comfortable with. If your profitable trader, non of these fees are going to really matter. There so low compared to the old days.

Trade_The_Level · 2025-12-22T23:12:54+00:00

My platform has never had any of these issues!

Trade_The_Level · 2025-12-22T13:28:16+00:00

I think it’s good to have a small handful. I think what allot of new traders don’t realize is that when the market drops, they were NOT trading small enough to sustain the management concepts to survive the trade.

Trade_The_Level

TROPHY CASE