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This is a live trade. Not simulated I did this trade yesterday on the 17th Mar 2021 The front leg expire next friday 26th Mar 2021 I am not looking to hold the trade till expiry, probably around next wednesday or thursday I will look to exit the trade. Max risk on the trade is $400 Risk...

By the way did the risk graph come from ryan jones?

I did this this risk graph today. If u did this a few days earlier than i can probably get at 388/390 The risk graph is nothing fanciful. It is a strategy i trade it occassionally. If you are modest bullish you can trade this way. Good thing is it is crash proof no downside risk as we are always...

ok ok sorry my mistake

wrong you are selling in the money call and put of the 6839 collected 6000 would have to give back so if market stay within range you get 839 that is the same as selling out of money put and call (it is easier to grasp the concept than sell in the money call and put)

it wasnt difficult it is a diagonal spread with a credit that remove 1 side of the risk the nice one is here same trade but the ugly side

I wasn't going for the perfect price. This has never been my aim cos i know i never goanna got it. You are the one that numerous post say that instead of 58. You can get at 56.37 because the price is available. Everyday the stock make a high and low. We just need to get at low and sell at high...

strategy work on uptrend to moderate downtrend if there is a market crash the strategy lose money but it will lose less because of the premium collected I sell put because I am bullish on the stock Why not buy the stock since I am bullish Because I am always wrong in my assumption most of the...

there is 101 options strategies sure there is no perfect price but the example you quote me is always perfect price because it is read from the past. I understand that It has been nice talking to someone that read historical data

I have never wanted to trade stock in the first place I sell put was not to get assigned, I sell put and hope that I was never assign but in the unfortunate event I am assign I want to sell call to get rid of it so I can go flat. just curious on that moment let say I want to buy NIO at 45...

haha AT THAT MOMENT haha haha when is the moment I have traded 20 years and I never know the moment is when until when I look back at history and than I have the ah ha moment i should have use this number with my date of birth and all work out that is the price I should be buying last week But...

sorry I have to laugh yes look at last month data I could tell you what to do at which point exactly even look at yesterday data I can tell you where to buy and sell multiple time. That is because we have the hindsight benefit. Well I was bad at reading chart which is why I choose the wheel Now...

precisely I am up on my trade now., Suppose I didnt do all this and get to buy the NIO at 56.37 instead of 58. And not selling any call on it. Yes I get a better price assuming I am able to know to get it at 56.37 and not 56.40. The trade would be a loss now and have to wait for it to go above...

sorry I couldnt help but laugh at this post. Again you only see I bought NIO at 58 and now I am losing 13.01. You have or choose to forget all the past 2 month that I collected the premium and I was actually up on my nio even thou nio has drop against my assign price well everyday price is...

you have obviously didnt know what my plan was I have roll my nio put 50 down to 45 (was this the best choice nobody know). I roll because I change my mind, I change my mind all the time. and I get paid to change my mind for rolling it further away to save you time and agony you can skip to...

yes I agree with you instead of setting a buy limit you can sell a CSP put at 40 the disadvantage is before expiration the stock dip below 40 and rebound then I wont get the shares but hey when I am doing wheel my main objective is not to pick up the stock I hope I never had to pick up any...

I have to salute you for writing this lengthy post. For that I give you a thumbs up. We could have different opinion in our trading. I didnt want to go on a disagreement with you, We each have our own opinion and know what best work for us. By using my 58 strike wasnt really fair to me. Because...

advance options wheel strategy

Yes the strategy make money for me. I can never trade outright buying and selling with macd trendline and candlestick but it is just me. But once i switch to options i never look back and my account is growing more consistent The title of buy low and sell high is not misleading with stock at...

Never more than 10% on a single stock and work that way it is easier. If you have 50k then open 10 position and each position has a max of 5k risk