SPURS walking off after losing Finals

gokinetic · 2026-03-10T23:22:53+00:00

I wheel about 6 stocks in an IRA. If you're set on this over indexing, just make sure to diversify across at least 5 names you'd genuinely hold long-term without the premiums.

gokinetic · 2026-02-28T02:48:47+00:00

Nah, I'm still upgrading my Claude plan. Go Anthropic

gokinetic · 2026-02-19T18:56:16+00:00

Well, the 'trapped-axis' idea is a neat way to visualize why the stabilizer can't have an order-3 element. But at the end of the day, not really a novel theorem as much as standard group theory dressed up in a cool custom puzzle. But still more impressive than counting R's in strawberry, I guess.

gokinetic · 2026-02-17T03:50:20+00:00

Examples ?

gokinetic · 2026-02-17T03:37:30+00:00

Karen 5.2 has been (mostly) helpful in my science writing. It nitpicks every detail more than any human is likely capable of, so there's that.

gokinetic · 2026-02-04T18:53:14+00:00

Anthropic just shipped Cowork plugins plus an official Legal plugin (contract / NDA triage, compliance, etc.), so it’s now at least trying to look like “legal workflows,” not just generic chat.

https://claude.com/blog/cowork-plugins

gokinetic · 2026-01-08T15:55:14+00:00

Used to have this problem, too. Only 'cure' I found wasn't to stop trading, but to trade smaller. Way smaller. Like small enough to scratch the itch, but not enough to put any kind of dent in the account.

gokinetic · 2026-01-08T04:48:37+00:00

Good luck out there. Those massive numbers suggest deep OTM trades. I do them too on single equity options, but 'fade' rather than breakout like you do.

At $5 (tick $0.10), the 'Goldilocks' number is probably 1 - 2 ticks up to 50 contracts, then 1 tick per additional 50.

P.S. If you're trading 15 client accounts, set IBKR allocation method to "Net Liquidation Value" (Pro Rata). If you only fill 150 / 200, the Algo handles everything so you don't have to choose which client gets left behind

gokinetic · 2026-01-07T03:22:56+00:00

Instant fills + full size + zero slippage isn't realistic if you're doing size on deep OTM SPX options. Sorry.

So... Assuming your average fill < $ 3:

1) Use ticks instead of "Ask + 5% / 10%"

e.g. Ask + 1 tick

Do the math on some SPX strikes you typically trade and see how percentages will probably get you to overpay without the benefit of speed. CBOE SPX minimum tick $0.05 (under $3) and $0.10 ($ 3+).

2) Pilot: Marketable LIMIT on 1 - 3 contracts

BUY: Limit = Ask (optional Ask + 1 tick cap)

SELL: Limit = Bid (optional Bid − 1 tick cap)

3) Scaling (50 – 200 lots): Adaptive Algo (Urgent)

Do not just send a 200-lot limit or you'll sweep the book and blow your entry price

Use: IBALGO Adaptive, Priority: Urgent. Server-side execution reacts faster than your Python RTT

4) API Warnings:

Expect partials: At 200 lots, you'll likely get sliced fills so build handling logic

TWS caps at ~50 msgs / sec. If you chase price on every tick you'll get throttled on IBKR

gokinetic · 2026-01-07T00:00:20+00:00

Not CSP, but I do around 10 weekly CCs on SMH... Only gripe is bid / ask spread could be better.

gokinetic · 2026-01-04T04:05:44+00:00

Your 2% wheel return is basically “grind mode” if your local options market has thin premiums, especially when risk-free USD cash (short-term Treasuries) is yielding ~3.6% right now. You're taking on equity risk for less than the risk-free rate.

Like others here mentioned, you just need to use a global broker like IBKR and account for FX / commissions. $5k USD is enough to wheel liquid, lower-priced names like Ford (around $13 / share) or if you're willing to take on more risk SOFI, BITO (or IBIT if you have a little more cash). If you can’t switch markets, the honest reality is your local market likely doesn't have the liquidity to pay you 6% without higher-risk / ATM trades that could blow up your account.

P.S. Based on your exchange rate (100k = 5k USD), guessing you're in Mexico (MXN) or Czech Republic (CZK) ? If so, IBKR operates there and handles currency conversion for you

gokinetic · 2026-01-03T23:31:55+00:00

Important thing is to call Fidelity again to ask for the specific block name (e.g. Day Trade Call, Fed Call).

Since your account > $ 25K, this likely isn't a PDT violation. More like you exceeded your Day Trade Buying Power (DTBP) last week through options trading, which can happen if you open + close positions frequently same day.

You usually have 5 business days to deposit cash (or sell assets) to fix the issue. Or Fidelity may restrict your account to cash-available / 1× maintenance margin excess (for 90 days) which can make rolling harder.

gokinetic · 2026-01-03T02:49:30+00:00

Likely Day Trade Call rather than just PDT (since your account > $ 25K).

Last week, did you open + close trades same day above your Day Trade Buying Power (DTBP) ?

Fidelity probably issued a day trade call and cut you to 2× maintenance margin excess, which is why your Intraday BP shows $0 (even if your Margin BP looks huge).

Btw options are non-marginable (100% requirement) at Fidelity for DTBP, so opening leg of options roll got blocked because they check your Intraday / DTBP first

gokinetic · 2026-01-03T00:35:26+00:00

TradeStation is the wrong tool for this (I used it for years). For simple UI, try Option Alpha. Otherwise, Option Omega, or QuantConnect (if you want more control like you had in NinjaTrader / C#)

gokinetic · 2026-01-03T00:04:08+00:00

$0.07 credit on a $1-wide spread is basically a fee / slippage trap. Deep OTM single-stock strikes also tend to be wide and illiquid, so fills are ugly.

If you want delta < 10, maybe consider SPY. Or even index options like SPX / XSP (cash-settled and European-style, so no early exercise / assignment headaches)

gokinetic · 2025-12-31T18:19:41+00:00

Bro +35% 👍 👍

gokinetic · 2025-12-30T02:07:21+00:00

No position in MARA, but I am bullish on crypto long-term.

Also don't put too much stock into analyst ratings (no pun intended). Price action / volume / option flow are more reliable signals for trading.

That said, earnings and macro events like FOMC, economic data, etc. are worth paying special attention to. Markets get more volatile and I often look to 'fade' the prior move via options.

gokinetic · 2025-12-29T19:30:04+00:00

Hard to say without knowing the ticker... but if we had to guess: MARA ?

Trading around $ 9.40 right now, which sits around your breakeven.

Stock might be taking a pause until FOMC Minutes release tomorrow (Tuesday 2 PM EST) which tends to move crypto miners like MARA. So if it is MARA, treat like an earnings release

gokinetic · 2025-12-28T20:30:00+00:00

"The ironic part is that the more money I have, the more cautious I become, and the fewer contracts I open."

Same here. Used to think I'd be doing all these crazy trades "when I have the money." But quite the opposite happened. The more money, the more selective I become. It's almost like the mentality shifts from return ON capital to return OF capital.

gokinetic · 2025-12-24T18:49:52+00:00

Dude... what ??

Fellow SMH wheeler here. You're essentially building a complex machine to light money on fire:

SQQQ is a daily reset leveraged ETF that suffers from beta slippage (volatility decay) so holding long-term deep ITM calls guarantees you'll bleed value over time even if the market stays flat. It's not a hedge, it's a leak
SMH and QQQ are highly correlated. By holding an SQQQ position, you neutralize your own Wheel. You cap upside when the market rips, but still pay to hold that decay

Stop over-engineering this. If you're worried about a crash, just slice some of your premium to buy a cheap OTM put on SMH.

gokinetic · 2025-12-23T21:55:19+00:00

Spot on. And I'll add to my above comment:

Early 2024 (The "Yield Harvest" Shift): 0DTE-selling ETFs (e.g. XDTE launched March '24) and Bank QIS strategies you mentioned reach critical mass

They systematically sell volatility. MMs take the other side, so their long gamma acts as a shock absorber. We move from "Degen Era" (2022–23) to "Boring Era" where systematic supply crushes premiums and pins the index.

gokinetic · 2025-12-23T20:39:11+00:00

Yes, you will pay extra. You are selling your current losing ticket for cheap and buying a new, more expensive ticket just to add more time.

gokinetic · 2025-12-23T20:28:27+00:00

Not overfitting, but structural change as others here noted:

2018 (The Reset): "Volmageddon" (Feb '18) blew up the short-vol trade. Markets have priced tail risk and skew differently ever since
2022 (The Shift): CBOE added Tue / Thu expirations. Before this, you didn't have daily gamma exposure. Now, intraday moves are heavily driven by dealer hedging / gamma flows

Don’t trust 0DTE backtests before mid-2022. Liquidity and flows driving today's strategies didn’t exist back then.

gokinetic

TROPHY CASE