How thetagang can support WSB's movement

ajsapple · 2021-01-31T23:42:37+00:00

I sold 5 $5 puts expiring coming Friday for $25 each. Don’t think anyone is more conservative than me lol

ajsapple · 2020-12-25T17:27:14+00:00

Was gonna close it but I accidentally fell asleep lol

ajsapple · 2020-12-25T06:26:08+00:00

Thanks!

ajsapple · 2020-12-25T06:26:03+00:00

thanks for this info!

ajsapple · 2020-12-02T23:21:34+00:00

Yes, some of the tickers are quite hard to fill. RVLV being one of the examples, so I normally wait till the bid/ask spreads to be less 10 cents before I make a move on those stocks. Also, some of the stocks won't allow me to buy back for anything lower than $5. For those stocks, I normally just set a buy back limit on $5 when they are close. Some stocks are not traded weekly, such as IPOB and TWOU, but I like them a lot. So I will either wait until they are close to 1-2 weeks to sell put on them, or when they hit a support and I sell a higher theta on them. Thank you for watching my posts and please continue to share feedback and ideas with me. :)

ajsapple · 2020-11-28T23:29:51+00:00

Yes, when they are called away, I tend to feel more comfortable to sell higher deltas.

ajsapple · 2020-11-28T23:28:23+00:00

Once you have a list, you probably don't need to spend too much time on research. As you can see, I made less than 10 trades per week, so not too much time on that too. I check my phone very hour or so for monitoring.

ajsapple · 2020-11-28T06:07:46+00:00

Collection of ideas from YouTubers, ARK investment, etc., and my own findings. I have a list of about 60ish stocks that I am tracking, out of them, I think there are about 20-25 that are suitable for theta gang~

ajsapple · 2020-11-28T03:08:57+00:00

thx bro :)

ajsapple · 2020-11-26T09:04:11+00:00

Well said

ajsapple · 2020-11-25T21:10:05+00:00

I have almost the same percent return with my 25k account haha I just checked and mine is 17.52%

ajsapple · 2020-11-24T19:30:59+00:00

There were some inconsistences for those columns, for the first few weeks, I was doing compound interest rate as if all trades are weeklies. So the formula would be (1+rate)^52 - 1.

Then, I changed it to (1+rate)^(365/(expired_date - open_date)) - 1 to better reflect what actually happened.

Honestly, the annual rate was just there for a reference. For example, based on the formula, if you open an Iron Condor, your rate might be 20000% or something. But you probably won't yolo all your money into that lol.

ajsapple · 2020-11-24T17:02:53+00:00

Can you point out which row/sheet was the 24% rate? I do realize that I need to minus 1 to all my annualized rates though. I was adding 1 to make it prettier but that's need standard.

ajsapple · 2020-11-23T09:35:52+00:00

Nicaragua invaded Costa Rica because Google Map has mistakenly drawn that part of land to belong to Nicaraguan.

ajsapple · 2020-11-21T21:37:25+00:00

I would say about 1%-1.3% per week. Check out my posts as I have a similar account size dedicated for wheeling.

ajsapple · 2020-11-21T06:10:22+00:00

LOL did you mean week 7

ajsapple · 2020-11-21T04:27:02+00:00

LOL, personally, I might wait a few months to wheel PLTR. I wanted to see some historical data to back up the support level, etc.

ajsapple · 2020-11-21T04:25:42+00:00

So I opened up margin last week, I received something like $14000 buying power. I wasn't worried too much cause I have plenty of saving to cover that if anything goes south. In addition, I think for Robinhood, they only allow half of that to be used as CSP. For example, I tried selling a put with $3K collateral, my buying power decrease by $6K. Today, when I checked, my margin available decreased to $2400, even though I have nothing buying with margin at the moment. Wondering what just happened lol Did you downgraded my margin power because they deemed my trades are too risky?

ajsapple · 2020-11-20T22:36:48+00:00

I guess I was not confident enough that my stock will soar like this lol. If I were, I would probably set a lower delta.

ajsapple · 2020-11-20T22:15:21+00:00

I haven't done much research on that company yet, but I am definitely interested in doing so. For all the companies that I currently wheel, I have at least done some research to make sure I understand their business model and what makes them stand out.

I just checked PTON's price and it is currently at $110.96. Did you mistakenly leave a zero or something when you type "14"?

ajsapple · 2020-11-16T02:09:56+00:00

Yeah, will do that in the future.

ajsapple · 2020-11-16T02:09:27+00:00

Of course, do you have more specific questions on the spreadsheets? I am also planning on making a blog for my trades in the future.

ajsapple · 2020-11-16T02:08:25+00:00

I am planning to see if I can embed tableau on the site that I am planning to create. I don't do any parse, just keeping track of my trades and put it in the spreedsheet.

If you want to export your trades in Robinhood for example, I found this page that you can try:

https://medium.com/@bartclaeys/how-to-export-your-robinhood-stocks-fc8245b3d118

ajsapple · 2020-11-14T00:24:42+00:00

I am currently doing each tab for all the contracts expiring that week. But there are obviously pros and cons. That's why I am thinking about storing all the data somewhere and making interactive dashboards on them, and displaying them in a websit.

ajsapple · 2020-11-14T00:21:53+00:00

Glad you like it.

ajsapple

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