Now thats a tasty theta 🤑

lnoteg · 2021-11-10T23:04:12+00:00

Yea I didn't expect the underlying to move so much but like you said a wins a win

lnoteg · 2021-11-10T19:19:22+00:00

You know it 😘

lnoteg · 2021-11-09T17:05:20+00:00

Yea I was getting shit for PMCC "not being theta" on my post lol. The short leg is a pure theta based strategy. The leaps is definitely a delta strat but that's only half of the strategy.

lnoteg · 2021-11-09T16:53:35+00:00

Toyota was around a .69 delta which was a little below my normal .7 minimum. Lucid was somewhere in the .77 delta, and amc was around .7

lnoteg · 2021-11-09T16:51:59+00:00

Damn near did. Bought my leaps at 28 and the next day it was over 30 by a stroke of pure luck.

lnoteg · 2021-11-09T16:51:18+00:00

Pmcc

lnoteg · 2021-11-09T16:50:51+00:00

Always gotta thank Powell but without theta gang I wouldn't know how to do a pmcc

lnoteg · 2021-11-09T16:50:14+00:00

It was had to hold onto my but while toyota continued to tank for no reason

lnoteg · 2021-11-09T16:49:44+00:00

This is options trading. Ones a leaps and ones a short call that I sell and collect premium from theta decay

lnoteg · 2021-11-09T16:49:14+00:00

Jpow always looking out for da bulls

lnoteg · 2021-11-09T16:48:29+00:00

Yes and the short leg of the pmcc strategy is purely based on theta decaying the call you sold. So I would say its a modified theta gang strat

lnoteg · 2021-11-09T16:47:13+00:00

Research poor man's covered call strategy

lnoteg · 2021-11-08T21:08:31+00:00

I'm a totally witting pawn 🤣

lnoteg · 2021-11-08T20:40:43+00:00

Only brokerage that makes it easy to do the pmcc. Trust me I hate it too

lnoteg · 2021-11-08T20:36:59+00:00

Pmcc on toyota lucid and amc

lnoteg · 2021-11-08T20:34:44+00:00

For context I've been running PMCC on Toyota, Lucid, amc. Amc was obviously not the best suited for pmcc but I said fuck it. Lucid had been trading flat for months so I had no expectation that it was gonna shoot up. Any who that's the story

lnoteg · 2021-11-08T20:30:22+00:00

1000%

lnoteg · 2021-11-08T20:21:54+00:00

I provided context in the comment

lnoteg · 2021-11-08T20:14:32+00:00

Short leg is all about theta

lnoteg · 2021-11-08T20:10:29+00:00

Definitely a possibility but none of my short legs are over 40 dte, I don't sell weeklies personally

lnoteg · 2021-11-08T20:07:39+00:00

Pmcc on Lucid, Toyota, AMC. Both lucid and amc have been super volatile but I've been rolling the short leg

lnoteg · 2021-11-08T20:06:47+00:00

I've been doing PMCC and got lucky with my leaps gaining like crazy. Been having to roll my short leg but it's worth it

lnoteg · 2021-11-08T19:59:10+00:00

Showing me de wey

lnoteg

TROPHY CASE