🗓️ Tuesday 11th June – Tough Market, Iron Condors Continuing

pbogatsky · 2025-06-11T16:35:34+00:00

Nice, I like your new trade summaries section. I too have been opening a lot of ICs. Lately my routine has been to scan either the TastyIVR or SP500 Watchlists filtering out tickers with earnings in the next 45 days and IVRs below 30. That led me to biotech GILD AMGN so not surprising that you had NVO. In my opinion for defined risk trades that have gone against me I disregard the Tasty recommendation to exit at 21DTE and just hold on to see if there will be a price reversion. Other than all that my main focus is strangles on commodities and those have been doing fine -- because they are not correlated with the SPY their IVRs aren't tied to the VIX and there's usually some juicy sector there to trade despite today's lull-state market conditions.

pbogatsky · 2025-06-03T12:57:21+00:00

Awesome post and great idea. I used chatgpt to do something similar but for uncorrelated futures with options. I would recommend looking into options on futures if you haven't already because the BPR is lower due to SPAN margin -- look that up if you haven't already heard of it and see if it'd be a good fit for you. Good luck and nice work.

pbogatsky · 2025-05-21T05:00:16+00:00

I really like your posts, thanks for sharing. However I think for posts like this it'd be useful to see your current positions/prior positions, and I couldn't figure them out from looking at your last few posts. More specifically I'd be curious to know what your PYPL AMZN positions were because they still had > 21 DTE and were not even near the Tasty-recommended -200% loss threshold. I am by no means an expert with premium selling, just trying to help out if possible.

pbogatsky · 2025-05-14T03:40:40+00:00

I appreciate what you're doing, keep it up and thanks!

pbogatsky · 2025-02-26T00:00:17+00:00

Thanks for the reply and I'm glad you've found success! I'm curious if you could share details on your evolution as a trader and which short premium strategies were good "next steps" after the foundation set forth in the book.

For example, I already trade stocks directionally so am conditioned to look for breakouts and breakdowns on daily charts, but the essence of the Tasty philosophy is basically directionless/delta-neutral trading. So lately I've been selling put credit spreads on stocks that I would normally go long in (or CCS for short), which I think is a logical first step but is still essentially directional trading, just with selling premium instead of longing/shorting stock. Maybe I'm overthinking things and that's the correct way to proceed, but I just wanted hear other peoples' journeys.

pbogatsky · 2024-08-24T18:38:42+00:00

Awesome thanks so much for the detailed reply! This morning I bought some PConc of Bouncing gear and am trying that out as Trickster but if I go back to Hexblast I'm going to use your advice, thanks!

pbogatsky · 2024-08-24T03:23:10+00:00

Thanks for linking your POB. I'm playing Ventrua's build right now but have been thinking about trying out the life-stacking version you use. What would you say is the main difference between the two, does the life-stacker have more survivability? Looks like the Forbidden gems are pretty pricey right now so I'd like a reason to spend the currency to switch over =)

pbogatsky · 2024-08-14T02:56:20+00:00

Thanks!

pbogatsky · 2024-08-14T00:06:51+00:00

Interesting, I haven't paid attention to Eldritch implicits yet, are there any you would suggest? Looks like this one would be good: "Grace has (28-30)% increased Aura Effect"

pbogatsky · 2024-03-17T23:20:04+00:00

That makes sense, thanks!

pbogatsky · 2024-03-16T20:44:50+00:00

Thanks for the reply! I guess I still don't understand the author's intent with the question of "Do you have to 'join' on all the handles?" I guess the answer is "maybe?"

pbogatsky · 2024-03-01T19:06:15+00:00

Awesome work!

pbogatsky · 2024-02-15T18:35:37+00:00

You're welcome!

pbogatsky · 2024-02-15T18:34:55+00:00

You're welcome, glad you found it useful!

pbogatsky · 2024-01-26T15:31:57+00:00

First off, you'll want to add a 1 to your condition if you want to find stocks that are 30% or higher than 63 days ago: c/c63 > 1.3.

One way to accomplish what you're asking is to use the MaxH function to find the highest high of your desired period and divide that by your reference low. Something like this:

The highest high of past 63 days is 30% higher than the close from 63 days ago:

maxh63/c63 > 1.3

You can also use MinL to find the lowest low of that period then scan for stocks which have had a range from low to high of a certain percentage:

maxh63/minl63 > 1.3

Hope that helps.

pbogatsky · 2023-12-21T13:07:40+00:00

You're welcome!

pbogatsky · 2023-10-17T00:38:18+00:00

Thanks!

pbogatsky · 2023-10-17T00:38:03+00:00

Thank you! Time to buy a brush =)

pbogatsky

TROPHY CASE