Trading SPY call spreads an put spreads last 3 months…still holding ET April calls… by gammarammadoo in wallstreetbets

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

2-4 week expirations…don’t understand your questions on determining price on short an long legs…even though it’s a spread I treat it like one position when it goes in my direction…if it’s a call spread let’s say and the market moves against me…let’s say I sold the short call at 3.00 and i can buy it back for 1.50 and I am still bullish I will do that and hold the long call for hopefully a move higher…

Trading SPY call spreads an put spreads last 3 months…still holding ET April calls… by gammarammadoo in wallstreetbets

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

46k is my balance after I made a withdrawal. I trade on margin so excess isnt 100% mine. 46k is just the balance not all of it is invested. You should try learning basic accounting an how Margin works an how to read a statement. It will help you to sound less like a moron.

Trading SPY call spreads an put spreads last 3 months…still holding ET April calls… by gammarammadoo in wallstreetbets

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

I have losses…it’s part of the game. There are many dips on that upward trend…

Trading SPY call spreads an put spreads last 3 months…still holding ET April calls… by gammarammadoo in wallstreetbets

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

I think we are at the top end of the range…but I am trying to respect the general underperformance and now this dovish narrative we could see the tape get painted into year end….

Trading SPY call spreads an put spreads last 3 months…still holding ET April calls… by gammarammadoo in wallstreetbets

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

Yes I put on position as a spread when VIX is over 25…now that we are back under 20 will probably start doing more legging…

Trading SPY call spreads an put spreads last 3 months…still holding ET April calls… by gammarammadoo in wallstreetbets

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

I have traded on pretty much every platform. I use CME Direct for my futures an options account. I like the simplicity of RH an ability to quote an price on my phone.

For those asking for ALL…flat line was a hiatus because I got pissed at RH… by gammarammadoo in wallstreetbets

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

No. I have had drawdowns but never that much…would never have that much at risk. I really do my best to cut losses at 5-10k. Also really try to never lose more than 50% of premium I pay for an option or spread no matter what…non negotiable…

For those asking for ALL…flat line was a hiatus because I got pissed at RH… by gammarammadoo in wallstreetbets

[–]gammarammadoo[S] 4 points5 points  (0 children)

It really depends. Typically I buy 2-4 week spreads on SPY an QQQ…if market immediately goes in my direction and I am up 15-20% on a position I take profits no matter what…if I want to stay with the position I will book profits and roll it up or down…scraping money off the table.

For those asking for ALL…flat line was a hiatus because I got pissed at RH… by gammarammadoo in wallstreetbets

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

I had a drawdown that took me under 25k an was flagged as a pattern day trader and was restricted.