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You are really taking the extreme low and high and comparing with my actual trade. I wont be able to buy at the low and sell right at the high at the exact high. Dont think anyone could. Let look at nio yesterday close at 50.04. So is it good to buy if not at what is your propose level? If buy...

I dont look at delta but it is around delta 30 I look at the premium of the strike and go for it 1% a week I only average down once (opening a double wheel if i am bullish on the stock) never double up in size so far only did double wheel on nio and all other stock is just a single wheel on it

hi ok I want to collect 1% premium when I sell a CSP if we look at NIO now at $50 I want to collect at least 0.50 and sell that put that will be about 46 put expiry this friday for 0.55 If I am assign I want to sell a call for 1% premium and if you do that the call is actually very far away and...

yes feedback is always welcome I have to disagree with you on some point let take a look at IPOE which is currently at $22 - 23 I can be selling a 20 put and getting premium without being assign where in your case you could be putting a limit buy order and never really get a filled because the...

Sorry if i were to and can buy the stock at $20 and sell it for $40 i would do it all the time. Which stock should i buy now? And when will it double? Let put fact and figure down Give a stock that we should buy now and give a target we should sell Meanwhile i still doing wheel because i am not...

I do not have the expertise to backtest if waiting for a pullback is better or not or how much of a pullback i have explain in my video i have no answer and is subjective The wheel is nothing special and not my invention. What i have achieve is i make over 50% in my trading account last year...

ok stock dun go 1 way up, so i wouldnt want to sell a put when the stock make a new high or all time high, it look stupid right after i sell a put and it tank so i wait for a pull back we can have all kind of scenario we could have spend all our life saving on gme 2 month ago and bitcoin 1...

think we have sway too far away from the original topic the topic was how to buy low and sell high I presented my options wheel strategy I am sure others have other way of buying low and selling high maybe can share you strategy here could be some technical indicator setup some pattern...

ok that is another strategy totally than we are talking about credit spread than we will also be buying a way otm put to protect our short put also right? than it become a iron condor for the whole strategy when you spend money to buy insurance for protection it lower your return so why not...

emm you certainly didnt know what you are talking straddle price becos of it nature it is naked position on both side. it require margin. If you do it on 100 stock and all straddle position you are talking about have 500k to a millions to do this kind of trade. yes I am a small player when you...

you see when you sell a naked put or covered call you know your risk upfront. selling a 130 appl put you know you put $13000 at risk, well if appl drop to 0 (it will be a very painful) but you know the risk when you sell a naked call you do not have a defined risk, it never happen before that a...

options is trade in multiple of 100 shares you know that right? 1 contract of options = 100 shares when assign or exercise so when you sell a straddle assuming you manage to sell the straddle for $23 and gme shoot to 493 you have lose $450 * 100 shares $45000 just for trading 1 contract of GME...

I would love to hear your comment

I certaintly do not agree on this. If you have a short straddle on gamestop when it is at $20. Just 1 contract at the peak of 493 you would have loss 450 per contract or 45k assuming the straddle can be sold for $23. Of course it could be hindsight that we shouldnt sell straddle on gme at 20...

Yes if you know your risk then is ok. I do it on put so i know my risk. I try not to go over 10% on any single position so if i am wrong and the stock go burst i am down 10%. It will be very painful but i will still be in the game tomorrow

When i sell a pltr 25 put i know my max risk is $2500 minus premium receive But if i sell a straddle my risk on the upside is unlimited. And if a short sequeeze occur in pltr. I would be dead

My heart doesnt allow me to take a short straddle trade. But that is just me only

More risky in my opinion. But everyone has different strategy and different method. If sell straddle at the wrong time at gme. It would be pretty fast to be game over

It can be done

no i am not timing the market i am just using options to buy low and sell high. I let the trade play out by itself