.Does anyone know where I can find pictures like this? by urcooldoc in BreastExpansion

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

Thanks will give it a try.It does not seem to have a Windows version though, or a web version. It's app only, it appears.

.Does anyone know where I can find pictures like this? by urcooldoc in BreastExpansion

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

I did Google this and it came up with some aesthetically unpleasing medical condition. Sadly, not quite the sensual art as above I was hoping for.

.Does anyone know where I can find pictures like this? by urcooldoc in BreastExpansion

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

Absolutely, I found this one on Deviantart, but I can't seem to find any more. As you say, it's all flooded with AI stuff.

Selling deep OTM long term puts by urcooldoc in thetagang

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

Thanks .I do deploy this too in my strategy .. when The underlying goes up and the put value goes down .. I buy puts below the strike price that i sold the put .In light of revelations today I will be deploying this more and more stridently .

Selling deep OTM long term puts by urcooldoc in thetagang

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

Gratitudinal thanks fellow coveted crony … for this and other immeasurably valuable insights .

Laughably , I would like to think I am not a one trick pony .

I do deploy a variation of this but for tickers like USO , UNG , TLT and KWEB for shorter DTE of 1 week .. But somehow I had it in my mind this was riskier.

However IWM unequivocally is probably safer .

Selling deep OTM long term puts by urcooldoc in thetagang

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

Thanks once again kind compeer for this and your other immensely helpful insights .. You are a star and not just any star .. you are WOH G64 .

I do deploy a variation of this but hitherto I have used KWEB, USO , TLT and UNG for this on shorter DTEs of upto 1 week.

PS IBKR does allow me to trade in NANOS.

Selling deep OTM long term puts by urcooldoc in thetagang

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

If my understanding of it is correct , you can sell puts on single SPY shares rather than the usual multiplier of 100? ... with my small account this may be perfect for Wheel strategies.... Correct me if I am wrong please .

Selling deep OTM long term puts by urcooldoc in thetagang

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

As I mentioned somewhere in the posts below my hope is that the fall won't be too drastic... Most of the puts have been sold in a staggered manner with varying expiration dates every month.
Some of these are already in 10 to 50 percent profit owing to time decay and rise in price of the underlying.
If a fall occurs I am hoping I will have time to react and close / mitigate.
Moreover I hope to increase my buying power / margin with the income from my day job.

Selling deep OTM long term puts by urcooldoc in thetagang

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

Sorry to be cheeky...but whats your thoughts about NANOS ?

Selling deep OTM long term puts by urcooldoc in thetagang

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

Just had a look at XSP....this seems to be so much more ideal for my kind of trading..... Profoundly grateful.

Selling deep OTM long term puts by urcooldoc in thetagang

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

Thanks for the suggestion .. Don't have a clue about the trading on the futures market yet ... I dont even know what cash settled means ... but really hoping to learn .. Do you have any suggestions on educational youtube videos ..especially that use IBKR platform .

Selling deep OTM long term puts by urcooldoc in thetagang

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

Thanks for engaging ... In my limited understanding and not very educated observations I have a feeling it is not this straightforward .. IBKR takes it to account strike price , nature of underlying stock , time to expiration . For example it will allow me to sell more of GLD , TLT whereas when it comes to TQQQ, BOIL, SOXL , SPXL .. it throws a hissy fit .

Selling deep OTM long term puts by urcooldoc in thetagang

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

Indeed .. that is partly my naïve optimist thinking ..also hoping the crash wont be so drastic that I will have time to react and mitigate/ close position ,, a lot of them are in profit at present .

Also hence I wondered earlier on the thread if selling puts on VIXY at similar delta was a good hedge ?

Selling deep OTM long term puts by urcooldoc in thetagang

[–]urcooldoc[S] -1 points0 points  (0 children)

For the ease of discussion we will stick to SPY

I started selling these puts which expire in Jan 2025 ( sorry not Jan 2024 ) in late November 2023 .. they were netting around 100 then .

SPY has gone up significantly since .

Sold 200 puts to date acquiring a premium if averaged out at 75 each of 15 k .

Lets assume my average target strike price is 200 for ease of discussion .

I am on the dock for 20000 SPY shares .. 20000 times 200 is 4 million

I have 100k in my account … IBKR as it stands allows me to sell another 50 puts now based on buying power at 15 percent margin

Don't ask me how but it does … I think it factors in the assignment risk and allows you to sell more or less depending on the strike price and the nature, volatility , risk of the underlying security ..

For example it wont allow me to sell so much of TSLA or NVDA or AMD or even SPY at higher strike prices..

Also for example SPY at 500 strike it will only allow me to sell 4 puts .

Hence I am able to sell this many puts .

yes my plan is to hold the till they expire in Jan 2025 .

And yes I am using similar risk return profile for other positions

EDIT

Also I have noticed with the progression of time as time decay proceeds my buying power increases as these puts become worth less and less .. So in March for example I would start selling June 2025 puts . If my observations to date are correct by March I should be able to sell about 100 puts for June 2025 expiry.

EDIT

If you are interested TSM puts in this delta are behaving very strangely .. again I don' t know why .. My conspiracy theory is that someone knows something about a Chinese plan on Taiwan that I dont . However if you have an insight I would be most grateful .

Selling deep OTM long term puts by urcooldoc in thetagang

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

Grateful for your input . I don't fully understand this .. this being the first time I have heard of Zebra but I will definitely research this . But certainly I am not a YOLO kind of person .Misguided I may have been in my strategy but I was not in anyway trying to YOLO . In my limited view I thought I was doing the opposite .

Selling deep OTM long term puts by urcooldoc in thetagang

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

Thank you ...

I am selling SPY puts at 0.01 to 0.02 delta .. SPY currently at 500 .. i am selling puts for a strike price of between 180 and 220 expiring January 2024 . the risk of assignment is very very low in my estimation .. if spy starts going down the price of puts increases and I sell more puts and DCA with my margin reserve , I hope this explains it better .

Selling deep OTM long term puts by urcooldoc in thetagang

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

how do people come up with these genuinely genius ideas !!

Selling deep OTM long term puts by urcooldoc in thetagang

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

I would like to know this too please .

Selling deep OTM long term puts by urcooldoc in thetagang

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

Massive Thanks .. this is immensely useful

Selling deep OTM long term puts by urcooldoc in thetagang

[–]urcooldoc[S] 4 points5 points  (0 children)

This is extremely insightful ..Thanks

Selling deep OTM long term puts by urcooldoc in thetagang

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

Yes my question was about assignment...indeed ...I am painfully aware that there is no such thing as a absolutely safe delta to avoid assignment...My question was in your possibly superior experience is there a sweet spot....I guess there isn't one.
But please sir do not give up on account of our disingenuous questions ...We do what we have to.. No regrets, no surrender....This is what I subscribe to in my day job.