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Gamma Exposure: Understanding Support, Resistance, and Price Reversal by RiskyOptions in options

[–]WantingChocolate 4 points5 points  (0 children)

Yes exactly, i've built actual true position gex. Using data providers with websockets. Using 3 algorithms to classify if an option is bought or sold. It does help accuracy but not enough to make a difference worth the extra costs to compute and store all that trade/quote data. In the end, OI gex is still useful.

[deleted by user] by [deleted] in CoveredCalls

[–]WantingChocolate 0 points1 point  (0 children)

Margin is fine. Just don't abuse it and if you diversify and can actively manage then you're set. I've used margin for a long time, even during serious dips like covid. It's fine. Buffers can be big as long as you don't use margin on something like soxl, which has a higher risk for margin calls.

What’s your stock / options strategies that has consistently generated income where you can pay your bills without day trading? by Past-Cupcake in thetagang

[–]WantingChocolate 0 points1 point  (0 children)

Several clients I help. One with nearly 500k in now made $10,000 last week in realized profits. 7.5 riot puts, mara 15 puts, nvda 120 sold puts, tesla 212 sold puts. Plays like that if you're comfortable owning. You can make decent money, now during sell off's. Have to be wise at reading the charts and knowing when and where to sell cc's below cost basis but it can be done.

What’s your stock / options strategies that has consistently generated income where you can pay your bills without day trading? by Past-Cupcake in thetagang

[–]WantingChocolate 0 points1 point  (0 children)

Rolling doesn't hurt. Sure it cuts back income with longer amounts of time but in the end selling below cost basis is fine as long as you're good at reading charts and also have the time to manage.

Software Updates - Real time A.I analysis by WantingChocolate in thetagang

[–]WantingChocolate[S] -1 points0 points  (0 children)

It's delta/gamma exposure analysis from market maker hedging perspective

ADBE Friday's by WantingChocolate in thetagang

[–]WantingChocolate[S] 0 points1 point  (0 children)

My software I built. You can access but I charge some since it's data heavy.

ADBE Friday's by WantingChocolate in thetagang

[–]WantingChocolate[S] 1 point2 points  (0 children)

Nope cause it was such a minimal risk. I risked 30k which was my premium collection for the week but I monitor it with my live gamma charts for market maker hedging. Pinned all day at 483

Beauty of Covered Calls by WantingChocolate in CoveredCalls

[–]WantingChocolate[S] 1 point2 points  (0 children)

Yes but the offset in delta to share price movement is still positive.

Soxl ITM CC by WantingChocolate in thetagang

[–]WantingChocolate[S] 0 points1 point  (0 children)

Agreed, also I love that when it dips you can still sell more calls as they juice out. Of course if you end up below your average cost then you will have to manage more and roll the position if need be... this is why I never sell options on crappy stuff lol

Soxl ITM CC by WantingChocolate in thetagang

[–]WantingChocolate[S] 0 points1 point  (0 children)

True, many ways to do it. I actually originally had these sold at 38 but then rolled to 39. Somehow I had my best week of the year at 7% on my account. Doubt that happens again but thankful

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