Recent content by Draknor

Yeah, I'm still trying to figure out if / when it makes sense to adjust, vs just close out & move on. On another IC play (PYPL during earnings) - PYPL sank after ER and I rolled down my profitable call leg, only to have PYPL later in the week run back up & through my new adjusted call leg - so...

Yeah - that's one of my biggest takeaways, is needing more of a system or process. Do you have a process? How did you develop it?

I use TDA and they'll start liquidating positions with pin risk anytime after 1pm. It's frustrating, but at the end of the day it's just something I need to factor into my strategy & approach.

Thanks for taking the time to reply. I recognize it's not "free money" and that not every trade can be a winner. I'm looking for feedback on the trades that I made, and how I could have made them better / smarter / (or maybe I shouldn't have made them at all based on their risk-reward profiles?).

My broker auto-exercised & assigned the ITM spread. They'll auto-liquidate the spread during the afternoon of opex if there's pin risk (eg it's between my short & long strikes).

I'm a fairly new options trader (started within last 6 months), and while I feel like I have a good grasp of the basics & greeks on paper, I'm struggling with the application of those concepts to the real world. So I'm looking for feedback on this trading "strategy" that I've made over the last...