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Back test what? Just add up all the premium. Bank.

Just the numbers. Numbers don't lie.

I bought jan19 calls back in July ..ftx collapse delayed the timing but it paid. Anyway why would selling puts have been goober when you would have collected premium?

Um I was a guy calling this Bitcoin move back in October... I've known this move since last summer. Most Elliott waivers. You guys are behind man. You're trading blind

There's no money in options strategies...balls to the wall calls like on Reddit maybe but they could make the same money more consistently just selling puts with little or no risk. The 800 AMZN call spread that cost 3.40 returned a PnL of 177k for instance if just sold as a CSP seller would have...

What are the deltas of the short call and long put in your collar?

Most traders don't sell CSP because they can't afford assignment. CSP are the greatest money maker period relative to risk.

I'm surprised with such a good system that you are sharing it at all....how lucky for us. $1500!!!???? Well I don't know about market momentum but any interest I might have had (and I had zero interest) is definitely weakening.

What was his account size 10M? (it was showing net liq of 10.79M for this trade) $177,000 P/L on a trade is a 1.7% ROE Risk:reward of 1.5:1 on the trade 800 contracts @ 3.40. If we scale down then to a 10k account: /1000 .8 contracts @ 3.40 = 272 (80* 2.2=$176 P/L) So with a 10k account the...

There should be an age cap at 60 years old for all politicians and judges. If you can't fly a commercial airplane then you definitely shouldn't be in charge of making decisions for an entire country.

Just pick an equivalent trade. I'm assuming he bought atm or a little ITM the week of July 14th...but play around with it.

Correction...the chart was showing 1SD. I adjusted the price to $3.40 and would need to move about $2.46 so less than a standard deviation.

The idea is that you can make money trading and not be stuck in front of your computer hours a day.

Ya but the point being you essentially still have a day job.

All this emotional bullshit. This is what happens with retail where you get under disciplined and over leveraged traders. If you guys are getting emotional then you need to scale down. Just calculate if a 1987 level drawdown would trigger a margin call, or if a bk would blow up your account and...

I get that but why the time constraint? If I'm selling a car I don't close the deal... especially for a loss just because it's 4:30.

? So you are closing a trade because of a time restraint?

Why are you/he closing his trades at the end of the day?

Hey that was me! I was saying options prices are skewed towards the maximum of the SD spectrum not the mean, and are not being weighted for short term trends. I think tasty did a thing on it too.

I've been trying to replicate his profits in the PnL and you would need a 2SD move to make those kinds of profits with his 800 contract AMZN 10 wide call spread.