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Decided to put this strategy to the test for 100 shares. Price of SPY at time of entry: 204.85 In addition, I added a long Dec 2017 205 put for: 22.66 to provide downside protection as I am frankly very concerned about what the market may do the first few weeks of the new year. Will check back...

I did not include commission and slippage due to both being nominal when trading SPY (tight spreads). As far as the tail risk, it maxes out around the 5% move range described above. So yes, it underperforms in that case, but not by a big margin. While I like the prospect of this strategy out...

Lets assume the following scenario exists every week. Where you can construct a trade with the following characteristics for SPY. Do you believe in the long run this strategy should be more profitable than simply buying and holding the index. Profit based on 100 shares of SPY for the following...

Bad week for the market. The strategy held up somewhat well by outperforming the market. Weekly SPY Change: -3.57% Ending Portfolio Value: $111,825 Change: -1.7%

Got tied up and didn't post this last Friday. The week should have been great, a +2 or 3% week. Tried adding a few wrinkles to various hedges. One of them worked great, one ate up most of my gains. Week SPY Change: +.82% Ending Portfolio Value: 113,850 Change: +.13%

Finally a week of outperformance. Towards the end of this week, I made a fundamental shift in my hedges. Took a lot of them off temporarily. With the market so extended to the upside, I removed many of the upside hedges. This means for at least the next week, I will be more exposed to upside...

Last few weeks, I have under performed. Not using anywhere near my usual size on premium. The market overall has me and my strategy a bit confused. I think over the next few weeks as the market normalizes again, the strategy will start to shine. Spy Change: +2% Ending portfolio value: $112,692...

I hold very little stock, almost exclusively long dated options. So on weeks like this one where I do not sell much premium, the decay will hurt a little.

I essentially took the week off due to not establishing many positions last Friday. However, even though I did not sell much premium, my long positions remained. As such I suffered a bit of decay. In the future, I should close out all positions if I "take a week off". SPY Change: +.96% Ending...

This week, I had a slight under performance. I was too aggressive in adjusting my hedges to protect against a pull back earlier in the week. This caused me to miss out on some of the potential gain. In addition, this is the first week for which I feel under prepared going into next week. Due to...

So far holding up as expected SPY change: +1.1% Ending Portofolio Value: $109,855 Change: +$1,139 (+1%)

First week running the portfolio live is in the books. Spy Change this week: 192.87 - 195.45 = -2.58 = -1.3% Portfolio Change: Last Friday: $107,625 Today: $108,716 = +$1,091 (+1%)

The positions are engaged at the same time - no legging in. The same underlinings are traded each week. The positions are a combination of long options, short options, calls, puts, and shares. At the end of each week the options are rolled to the next week and shares adjusted if necessary. If a...

My portfolio strategy consists of several hedges which when combined "in theory" should produce the following returns: 1. Sideways market (defined as +/- .5% move on SPY each week) should yield a total account return of 1-3% per week. 2. Bullish market should yield a 1 to 3x SPY return per...

On the weekends, I like to pick which companies I plan to buy puts/calls for the upcoming week. Part of this analysis, I need to easily be able to see how much time value a particular option has. I have a list of 50 symbols I want to look through, so don't really want a site that is a "filter"...

What are some of the most popular/heavily traded options around earnings season? I know stocks like AAPL,NFLX,CMG,GOOG are popular with heavy option volumes. What other stocks would you put in this category?

Essentially what I am trying to do is buy or sell straddles into earnings. When I look at something like zacks or yahoo's earnings calendar it shows me all the stocks reporting earnings tomorrow.... but it takes a long time to go through and find which have options and more importantly which...

Does anyone know of a website or screener which lists only upcoming earnings announcements where the underlining has very liquid options?

Creating the reverse position is much harder due to puts being more expensive. I can create a position that makes a "small" amount when unchanged and moves the breakeven up a little. However,the risk reward differential is much smaller more like 1 to 1.05..

Lets assume the stock market is Random. In that scenario, shouldn't the below strategy make you the "house" and over time be profitable? With DIA trading at 177.94 (Friday's close) you could put on a strategy with the following characteristics at Jan 30 expiration: Unchanged: You make money...