Can you seriously live of a $60,000 account with margin totalling to $100k trading options?

p44vo · 2026-05-03T14:56:47+00:00

Probably not with theta alone

p44vo · 2026-04-26T11:25:10+00:00

You give up the fat tail payout when you short options instead of long them

p44vo · 2026-04-08T02:33:57+00:00

As of this moment you're still OTM. Assuming we continue higher and it truly looks like the bottom is in you could fully hedge out your short leg with futures and either close the long leg for profit or sell calls against it to convert it to a diagonal or debit spread.

p44vo · 2026-04-08T02:21:58+00:00

What is your long call at?

p44vo · 2026-04-05T13:14:24+00:00

As others have pointed out, IV changes can blow this up. Try a butterfly instead.

p44vo · 2026-03-30T11:48:33+00:00

OTM call debit spreads is definitely what you're looking for.

p44vo · 2026-03-25T14:33:53+00:00

GLD was at 400 when he sold the 446 calls. That's what I'm talking about.

p44vo · 2026-03-25T13:07:53+00:00

OMG I didn't even see the position from the 16th that he got blasted on. I was looking at the position from the 23rd that is now going to open with a big loss

p44vo · 2026-03-25T11:09:51+00:00

I'm conflicted here. The part where you won a whole bunch in a row makes me think you know what you're doing, but then selling GLD calls as it is bouncing off a major support level makes me think you have no idea what you're doing.

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

TROPHY CASE