Recent content by hedger_grower

My preliminary calculations in the pic attached. ATM 440 LEAP seems to be better for my taste in terms of risk/reward profile. btw, Vol is 20.74% for SPY and 28.70% for 415 strike and 26.74% for 440 strike call…

Apologies. Correct! I was playing with synthetic LEAPs using same strike LEAP puts and stock… just made an error. The questions stand though with 440 strike LEAP call ATM and 415 strike LEAP call ITM…

19-Jan-24 LEAP has 649 DTE

I am cautiously bullish on SPY and want to buy LEAP call options 19-Jan-24 expiration. Today’s SPY price is 447.57. Which option is better 415 (OTM) or 440 (ATM) strike? The strategy to sell short 30-40 DTE calls against it at 20-30 deltas. Current LEAP risk for 415 strike 15.15% ($77), for 440...

thanks. I don’t know much about ATR and it’s relationships to option - homework… what are your favorite options strategies to trade? How do you manage risk, do you have stops in place? Is TOS a great options platform?

Fidelity allowed me to do that through Brokerage link option.

Looking for a spreadsheet for money management or software. Goals to figure out position size on the go and manage risk, say 2% of the account. Risk/reward calculations. I never used money management on stocks - although I can see myself creating the spreadsheet for stocks myself. Well, learning...

This is for my 401k account. Restricted to level 2 options - sell cash protected puts. I can see how to do synthetic spreads but requires lots of capital because I have to either buy stock or keep have cash reserves if selling puts. Anyways, better than nothing.

Hey folks, I was wondering which puts to pick up to hedge the index ETF (SPY, IWM) in terms of Delta and DTE. What are the best conditions to enter the trade/hedge in terms of IV etc.?

Hey folks. I consider myself retail very unsophisticated option trader, beginner level. I used frequently covered calls/cash protected puts in the past in my IRA accounts. I would like to try collars on SPY. Is it possible to achieve 30% account growth or so per year? What are the proven...