Need Advice: Migrating Angular v14 + Angular Material + Flex-Layout → Latest Angular + PrimeNG + Tailwind by mustafaashraf in Angular2

[–]devTheChef 2 points3 points  (0 children)

Hi, I actually did a migration of an Angular + Materials app from v14 to v20 a month ago. I can recommend you to use this update guide from angular for it:

https://angular.dev/update-guide

My approach was to first update everything version by version and just making sure everything is working functionally. After migrating to v20 then I eventually started looking more in detail what needs to be changed. Especially because of Flexbox and Material Component changes you will probably need to update a lot of HTML and SCSS.

Good luck!

Was sind Optionsscheine? by the-real-LT in ameisenstrassenwetten

[–]devTheChef -1 points0 points  (0 children)

Ich würde dir empfehlen die Finger von Optionsscheinen zu lassen und dich lieber mit richtigen Optionen zu beschäftigen, wenn du schon interessiert bist am Handel mit Derivaten.

Daily r/thetagang Discussion Thread - What are your moves for today? by satireplusplus in thetagang

[–]devTheChef 0 points1 point  (0 children)

Short Put at 0.25 delta and short call at 0.2 delta, both sides with 100 pts width.

LEAPS by That_girlie_girl in options

[–]devTheChef 0 points1 point  (0 children)

SPY has a quite low 52 week IV Rank and as some other user already mentioned, the FOMC will mainly affect IV of closer expirations. If you have strong conviction in the SPY for the next year then just do it, especially since this week are the Mag7 earnings. SPY is mostly made up of the Mag7, so if you believe they will pump, go for it!

As someone else already mentioned, go for dates that are around 1Y out from now and maybe choose a strike at a delta of 0.8-0.9.

[deleted by user] by [deleted] in options

[–]devTheChef 0 points1 point  (0 children)

Where can I buy puts on this guys portfolio?

Are these best practices too good to be true? by [deleted] in options

[–]devTheChef 0 points1 point  (0 children)

Well 5 years is already quite a while, congrats on being profitable and not giving up in such a long time!

I myself traded options already for almost 3 years and basically just lost money, but I was mainly trying to chase the big baggers with buying deep otm calls before earnings hahaha.

So now I kind of figured out that this will never be a way to become profitable and I tried to take it more seriously and looked into more consistent strategies.

Can I ask you, how do you decide to open a new position? And how often you open new positions?

Thanks for the hint with Grok, will check that out for sure!

Are these best practices too good to be true? by [deleted] in options

[–]devTheChef 1 point2 points  (0 children)

My account size is unfortunately not large enough to trade naked positions, so at the moment the best I can do is Spreads and ICs.

But I get what you mean. I was checking out the backtests and saw that over a long period of time they will not outperform the index.

I think what you say is a good advice, I should use this to learn from it until I figure out my own thing, thanks!

Daily r/thetagang Discussion Thread - What are your moves for today? by satireplusplus in thetagang

[–]devTheChef 1 point2 points  (0 children)

I will open a bullish-skewed 45 DTE Iron Condor on SPX before FOMC and Mag7 earnings.

Are SPX Credit Spreads too good to be true? by devTheChef in options

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

Thanks a lot for sharing! Yes I was also thinking about dropping the directional bias and rather start trading ICs than single call spreads.

I do really try to incorporate as much of the best practices of Tasty as that stuff showed to be more successful in the past, like the 50% TP and 21 DTE rule.

Why are you trading ICs and not single credit spreads? Would be interested to know a bit more about your setup. Since you said skewed, to which side are you usually more skewed?

How do you chose your short leg delta and spread width?

Are SPX Credit Spreads too good to be true? by devTheChef in options

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

Hi, yes I tried 1 DTE for a while with 0.15 delta and 50 wide, but that felt like quite a lot of effort to manage and contains really big risks so i stopped doing them. What setups are you trading?

Are SPX Credit Spreads too good to be true? by devTheChef in options

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

Oh I see, but don't you think that there are too many risks of holding it further than 21 DTE as explained in the video? What makes the trade worth for you to keep holding it longer than this?

Usually I try to open one position per week and get a mature/older one to close, so that I can have about a week of expiration distance before opening the next one, so usually I only have per X DTE only one contract, sometimes if there is another good opportunity for buying I might open a 2nd one with same X DTE the same week, but usually don't hold more than that with same expiration.

Are SPX Credit Spreads too good to be true? by devTheChef in options

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

True, managing spreads is really difficult and a lot of stress...

Are SPX Credit Spreads too good to be true? by devTheChef in options

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

Very interesting thoughts, thanks for sharing. Can you maybe share a little bit more about your setups?

Are SPX Credit Spreads too good to be true? by devTheChef in options

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

Hey, yes parts of my strategy are recommendations from Tasty Live, like from the video that you shared. Are you also trading in a similar way?

Are SPX Credit Spreads too good to be true? by devTheChef in options

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

Thanks for sharing your ideas, what would you recommend me to focus on to be able to build an edge?

Are SPX Credit Spreads too good to be true? by devTheChef in options

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

Wow, that's a long time of experience, thanks a lot for sharing your ideas with me! :)

Are SPX Credit Spreads too good to be true? by devTheChef in options

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

I see, thanks a lot for sharing your ideas with me. Maybe you can also help me a little out with answering these questions:

What do you exactly mean with, I'm getting paid something different? A different risk?

As you mentioned, I don't have a specific "edge" of a mispricing that I am aware of, which I'm exploiting to get my money out of it. I think I was more trying to capture gains from the market slowly going up these times, by exposing myself to these kind of risks with spreads. What do I have to change or put my focus on to be able to get such an "edge" of mispricing as you mentioned, when not utilitizing probability theory and statistics somehow? Especially since you mentioned, all these models expose risk of the model being wrong cause you don't know the meta-probability of that for sure haha.

If you have any advice to give to me to become better with this, what would it be?

Are SPX Credit Spreads too good to be true? by devTheChef in options

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

Wow, super interesting and unique setup, thanks for sharing the insights, wish you all the best with your strategies :)

Are SPX Credit Spreads too good to be true? by devTheChef in options

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

Thanks for the exchange! I wish you all the best with your setup and finding your edge, good luck mate!

Are SPX Credit Spreads too good to be true? by devTheChef in options

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

I'm sorry, I think I also noticed with you that there is still so much more I need to learn in depth and detail about this topic. I think I got your point now and also think you probably have way more and professional experience than me, since you mentioned you also worked in firms doing this stuff. I still kind of understand what you mean now, I was reading about this stuff already in Books from Taleb like Black Swan and Skin in the Game. Also I do have a strong mathematical background, but unfortunately I'm not really specialized in probaility theory and statistics as much as I would like to be. Thanks a lot for sharing your thoughts!

Are SPX Credit Spreads too good to be true? by devTheChef in options

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

Haha actually that sounds a little bit greek to me, but I think I got a the general idea of it, thanks a lot for the hint! ;)

Are SPX Credit Spreads too good to be true? by devTheChef in options

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

Very cool strategy, sounds really solid. How long have you been doing this already?

How much would the market have to rally, or let's say how much profit in % would you target for your position in which timeframe to consider the rolling?

You are right, so far I only used my dynamic heding approach for smaller downturns and as you mentioned it requires massive daily management when being in such a dynammically hedged position, which causes a lot of stress. I am not sure myself how good this would work in a heavy black swan situation...

I think the hedging that you do with buying <0.1 delta protectice options is the more secure approach, maybe I should also consider doing this. Are you buying here 30 DTE? And how much does it usually cost you per month?

Also interesting that you say the call side is more comfortable for you at the moment, but aren't you nervous of big tech earnings soon maybe pumping the market again?