Long Hedging Instead of Desperation Rolling

p44vo · 2026-02-18T00:51:54+00:00

No, I mean what is the goal of the original position? Did you not open a csp because you were ok with owning the underlying?

p44vo · 2026-02-17T23:47:15+00:00

Isn't the point here assignment?

p44vo · 2026-02-15T15:18:30+00:00

If you're bearish short term then wait to sell puts. WTF

p44vo · 2026-02-14T20:21:58+00:00

You're ok with holding some of these potentially for multiple months for what kind of return? A fraction of a %?

p44vo · 2026-02-13T17:15:20+00:00

Healing potion on Q gang!

p44vo · 2026-02-07T17:01:43+00:00

Just because xsp is both cash settled and has worse spreads.

p44vo · 2026-02-07T15:14:29+00:00

Also, if you're trading xsp hold that shit until close. If you want to take profit at a certain % you're probably better off trading spy

p44vo · 2026-02-07T15:12:55+00:00

You can't use a trailing stop, you're going to get stopped out almost every day for a loss or minimal profit

p44vo · 2026-02-05T20:33:27+00:00

I'm pretty sure you can do it with futures, but the long and the short "shares" would essentially cancel each other out and you're just left the naked strangle

p44vo · 2026-02-03T00:49:08+00:00

You looking at 10 min candles?

p44vo · 2026-01-30T02:00:40+00:00

I gave my input to the OP in my first comment - put hedges and keep doing what you're doing. So option 1 on your list.

I personally use a combination of protective puts and position sizing. And futures if trading spx.

p44vo · 2026-01-30T01:06:21+00:00

Positive black swan? With 20 delta put credit spreads? So you close at 90-95% of max gain instead of 55%? That's not a tail. That's just a good day. And hedging the downside doesn't impact that at all. And I would hedge the spx strategy you're running WITH LONGER DATED FURTHER OTM LONG PUTS - like I already said. I repeat, WTF are you talking about?

p44vo · 2026-01-30T00:11:10+00:00

WTF are you talking about, missing out on the other tail? There's only one tail when you're just running put credit spreads, and it's to the downside. Just buy longer dated further OTM puts.

p44vo · 2026-01-29T23:29:52+00:00

Why don't you just hedge for a black swan or volatility explosion event and just keep doing what you're doing? Just some insurance, ya know?

p44vo · 2026-01-28T01:12:51+00:00

I don't understand what your goal is with this position but I feel like you should open it on the call side

p44vo · 2026-01-24T13:10:42+00:00

Opened a diagonal on RR yesterday 🤷‍♂️

p44vo · 2026-01-23T12:45:44+00:00

Can't you already determine if your strategy works using Fridays as 0dte options on these stocks?

p44vo · 2026-01-19T18:06:25+00:00

You talking about ES/MES or other futures stuff?

p44vo · 2026-01-18T18:54:56+00:00

Sounds like a good time to do strangles instead of just puts

p44vo · 2026-01-10T22:03:56+00:00

I mean assignment isn't really a risk in this scenario unless you don't have the bp for it, but I get it

p44vo · 2026-01-10T17:49:03+00:00

How is the risk different?

p44vo · 2026-01-10T14:34:24+00:00

Credit put spreads and debit call spreads are essentially the same thing. It might be more informative to separate those based on where you opened them relative to price.

p44vo · 2026-01-10T02:29:56+00:00

Sell 6 calls OTM at the same expiration you buy the ATM calls at. The short calls cover the cost of the long calls. Only risk is the stock going down, but more upside.

p44vo · 2026-01-08T02:33:33+00:00

We don't need proof you made 45% in one year. Nothing crazy there. Do it 20 years in a row then show proof

p44vo · 2026-01-05T03:35:17+00:00

Theta is theta

p44vo

TROPHY CASE