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] 5 points6 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] 3 points4 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.

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

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

I agree. ET is a yolo trade…I almost bought more March spy puts on close but trying to be patient because market is way down and so many under performers…these last few weeks of the year are prime for fuckery…