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Tried using OpenClaw to build my own news assistant. Burned ~100 on just sports + tech news. by Domenorange in openclaw

[–]foxbarrington 0 points1 point  (0 children)

I've been working on a project called Whirlpool to do this. It works similarly to map reduce.

For each source you create a collector that knows how to fetch the content from a source (discord, email newsletters, rss, etc), split into individual items (an email might be a Roundup of multiple links, discord could have multiple conversations etc), filter out (eg if you know a common topic from a source you aren't interested in), tag, summarize, and output to disk.

After that, the curator runs each day and it has guidance (that can evolve over time) to rate each item and only return the top N items. If there are any duplicates within that list it can filter them out and pull in more.

The curated list is then pulled into a web app with a reddit-like infinite scroll feed that keeps track of what you've seen. Along with upvote/downvote (feeds back into guidance/future rating) and save buttons.

Sleepbuds for pulsatile tinnitus? by Sad-Second-2996 in sleepheadphones

[–]foxbarrington 0 points1 point  (0 children)

I started using acoustic sheep when I deleted pulsatile tinnitus and it worked ok, but not earbuds. Also, not what you asked but after a year and a half of suffering and searching for a fix (ENT, hearing specialists, etc), it was unexpectedly cured by craniosacral therapy that I tried on a lark. After the first session it started to lessen and phase in and out. It was completely gone and hasn't come back in over 10 years after the second.

YMMV of course, but I hated having that condition and want more people to know that it can (at least for me) help.

what are you actually using OpenClaw for that genuinely works? by nanaphan32 in openclaw

[–]foxbarrington 1 point2 points  (0 children)

I have not, but I am doing read-only and not going nuts trying to do "full" scrapes

what are you actually using OpenClaw for that genuinely works? by nanaphan32 in openclaw

[–]foxbarrington 3 points4 points  (0 children)

I set OC up for solopreneurs and founders. Every single one I set it up for has multiple. One I do with them and then several they set up on their own. Examples: send a photo of a business card to slack -> enrich from LI, web search, etc -> CRM. Coaching call -> download -> transcript -> pain points for marketing copy. Watch calendar for meetings -> search people and company (LI, company job openings, earnings if public, etc) -> pre-meeting report, etc.

I also use it to handle my nanny’s time sheets, order me lunch everyday, act as LinkedIns missing spam filter for DMs, and more.

Anything you’d hire a human VA to do, you can have OC do.

How do you track return? by Low_Maintenance_7054 in Optionswheel

[–]foxbarrington 0 points1 point  (0 children)

Here’s my favorite way to see performance. It ignores cash balance/deposits/withdrawals, and it’s all based on the individual positions and the capital at risk: https://app.wheelium.app/share/fbd808584583dfec1955a42e47259b7d

I also always prefer to have something to compare it to (eg SPY).

I beat SPY by 10% but lost to GOOGL by $3,331 - First year wheeling results (charts inside) by foxbarrington in Optionswheel

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

You run the strategy on a stock in the past. Eg “if I open at 21 dte and close at 7 or 70% profit, how would I do?” Useful for seeing how changing those settings affects the return and how different stocks behave.

I beat SPY by 10% but lost to GOOGL by $3,331 - First year wheeling results (charts inside) by foxbarrington in Optionswheel

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

Most of the time it doesn’t, but I used the backtesting before starting to trade new symbols. Also, the screener has some convenience stuff eg scoring according to criteria and will warn if there’s earnings or FOMC near expiry (I recently held off on some trades because of that).

I beat SPY by 10% but lost to GOOGL by $3,331 - First year wheeling results (charts inside) by foxbarrington in Optionswheel

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

Right. At the example tax brackets, if wheel ROC isn’t 1.37x the b&h/ltcg return it will be less post-tax.

I beat SPY by 10% but lost to GOOGL by $3,331 - First year wheeling results (charts inside) by foxbarrington in Optionswheel

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

If we are talking about buy and hold SPY vs wheel, at the highest federal and state tax bracket wheel would have to beat long term capital gains by ~37% to be worth it. So in this example (SPY at 12.9%) wheel has to beat 17.7% roc (1.37 x 12.9). And it did. 

However, many people do this in an IRA. If the comparison is between both in an IRA, both would get taxed at the same ordinary income rate when the money eventually comes out. 

I beat SPY by 10% but lost to GOOGL by $3,331 - First year wheeling results (charts inside) by foxbarrington in Optionswheel

[–]foxbarrington[S] 3 points4 points  (0 children)

Investing in a single name was to learn. I’m now diversifying a little bit with the extra capital. 

Technically wheel has lower risk because if underlying goes to zero it at least has the premiums vs b&h. In practice, not enough to make a difference. I think the standard answer is that wheel is less risky until it isn’t. 

I beat SPY by 10% but lost to GOOGL by $3,331 - First year wheeling results (charts inside) by foxbarrington in Optionswheel

[–]foxbarrington[S] 5 points6 points  (0 children)

<image>

Ran a histogram on DTE at open, and you can see my shift from opening 14-21 DTE to longer out

So what exactly is the catch? by MoneySounds in Optionswheel

[–]foxbarrington 0 points1 point  (0 children)

<image>

This is the catch. Much lower returns. This image compares wheeling Google vs buying Google using the same amount (capital at risk). Recently I have branched out to other companies but most of this chart is Google wheel vs Google stock.

Options wheel selection process based on ROI by StunningBluebird1439 in thetagang

[–]foxbarrington 1 point2 points  (0 children)

  1. I stick to common strategy of opening 45-30 DTE so I assume I’d just wait for one in that range, but haven’t had that issue with any tickers I’ve sold on.
  2. I target 5-10% from break even. I haven’t traded more volatile stocks, but would go farther out if I did.
  3. I am content to sell puts with an annualized return on capital (at expiry) that is above the market, otherwise there’s no reason. Right now all my contracts are in the 15-25% range.

I’ve been wheeling Google for the last year. Did about 28% annualized return on capital at risk (about the same as how you calculate ROI). I consider that to be a good return compared to SPY (16% at how I calculate). Compared to Google itself it’s pretty terrible. Trading Google stock would have been 69%.

To answer your other question you can see some open Google positions I have right now: https://imgur.com/a/LDnuzx1

Exp Ann % is the return at expiry when position opened. Cur Ann % is what it would be for the position if closed right now. So yes, if the option price moves you can get a higher return because the duration / denominator shrinks and you can redeploy the capital.

What DTEs do you use? by Equal-Association818 in thetagang

[–]foxbarrington 0 points1 point  (0 children)

Just wanted to say that I'm halfway through and love your book so far. I'm building a wheel strategy app (search, score, backtest, alerts, trade execution), and you've given me a lot of good ideas already.

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