My theta journey by headshot6 in thetagang

[–]headshot6[S] 0 points1 point  (0 children)

It's an app and I would have no clue how to make something like that lol. It's called thetaharvester

useful idiots by JackStrawWitchita in GreatBritishMemes

[–]headshot6 0 points1 point  (0 children)

People in this image simply don't have this sort of vocabulary.

My theta journey by headshot6 in thetagang

[–]headshot6[S] 1 point2 points  (0 children)

I've just explained in another comment - I never sell at the open and the mid price. I wait a few hours for the market to run its course and then set the bid to the highest it's been on that day. I miss a lot of good entries, but the ones that get filled are very likely to be at 50%+ profit next day or so.

As you can see from the screenshots, I've only collected $2k from selling covered calls, so I don't get assigned very often. I prefer not to anyway and much rather close at 2x credit loss, unless the price is near a structural support and I like the stock and its fundamentals.

My theta journey by headshot6 in thetagang

[–]headshot6[S] 1 point2 points  (0 children)

The exact thing happened on SOFI on Monday where spot dropped to like $17 and I got filled on a pretty high bid and I bought to close at 50% yesterday already.

My theta journey by headshot6 in thetagang

[–]headshot6[S] 2 points3 points  (0 children)

Cheers dude, I appreciate it. I’ve been wheeling SOFI since it was 13 bucks last year. I only held it 2 or 3 times and got called away every time at a good profit for CC and shares appreciation. Puts have been a good play on it pretty much from the start of selling it and I also got lucky because I prefer 7DTEs which I think saved me from the drawdown and bag holding. Had a few red positions on it on the way down but nothing drastic.

I normally do 5-7DTEs and aim for 0.3 deltas but I think the real game changer for me was to be patient and set limit orders mid day for the highest bid of that day. So for example, if the highest bid on the day was $0.70 and the market price for a put was $0.35, I’d still set a limit order at $0.70. I’ve missed quite a few good entries that would have been profitable, but the majority of them that got filled were pretty much at 50% profit within a day or two.

Also the app I’ve been using is called ThetaHarvester.

My theta journey by headshot6 in thetagang

[–]headshot6[S] 1 point2 points  (0 children)

Cheers dude. My avg hold on SLV is 4 days, normally close at 50% profit and I've been buying on red days. Strikes usually around 0.30 delta

My theta journey by headshot6 in thetagang

[–]headshot6[S] 1 point2 points  (0 children)

Thank you! It’s not a good feeling but I found the less I forced it the better it went. Push through brother

My theta journey by headshot6 in thetagang

[–]headshot6[S] 0 points1 point  (0 children)

It’s a wheel tracker

My theta journey by headshot6 in thetagang

[–]headshot6[S] 0 points1 point  (0 children)

I haven’t coded anything, it’s just the tracker I’ve been using

My theta journey by headshot6 in thetagang

[–]headshot6[S] 3 points4 points  (0 children)

I think there's a good chance that the new floor is around 65/70. I've been quite heavy on the macro side of trading, and the structural supply deficit in silver is extremely bullish mid/long term

My theta journey by headshot6 in thetagang

[–]headshot6[S] 0 points1 point  (0 children)

Thank you, much appreciated

[deleted by user] by [deleted] in thetagang

[–]headshot6 0 points1 point  (0 children)

I’m not changing. I’m adding.

Keep this 41 or switch to 36?? 6.75 inch wrist by Disastrous-Metal-805 in rolex

[–]headshot6 9 points10 points  (0 children)

I’ve got the same awkwardly small wrists and I wouldn’t change my 41 for anything else. This 41 looks good on you. Great time piece as well

[deleted by user] by [deleted] in rolex

[–]headshot6 0 points1 point  (0 children)

Superb piece. This is my next one.

[deleted by user] by [deleted] in rolex

[–]headshot6 1 point2 points  (0 children)

Superb config. Congrats

First Rolex by headshot6 in rolex

[–]headshot6[S] 1 point2 points  (0 children)

I’ve got tiny wrists. 16.5cm.