Recent content by xasmx

I've been playing around with the strategy a bit and while doing so had one more questions come up that wasn't quite obvious to me. I'm finding this confusing. If you are selling at the next farthest out expiration at 3.00, you wouldn't be getting any more premium (but just have them further...

Thanks for answering the questions. Yep, the strategy sounds pretty close to what Ron advocates. They have a factory type strategy for building a hedge, too, with some differences as to what you are detailing.

Thanks, a few more questions :) So, at one hand, you have this structure on as a big lottery ticket in case of a crash. On the other, you do some income trades on top of the structure, which would decay the power of that lottery ticket. How do you decide how much income trades to have on, so to...

So you'd spend 5*$1.35 for the longs for a total of $6.75. And then you'd try to sell 3 puts 50 strikes above 30 dte further out and try to get $2.25 each or better for a total of $6.75? What do you do if the price moves against you since you bought the longs? (E.g. the GTC order triggered...

Thank you for giving more details. I haven't really been posting here, but been following you for a while as I've been playing around with similar types of strategies myself. I was left with a couple of questions: - You have the shorts somewhere in the 90-150 DTE range. Say, the shorts were at...