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  1. R

    Day trading SPX index options. 100% daily ROI possible?

    They don't. As I've written previously, about 16% is a pretty typical ROI for me. I do not look at the Greeks AT ALL.
  2. R

    Day trading SPX index options. 100% daily ROI possible?

    I'm not a professional trader. I'm self-taught at TREMENDOUS expense. What success I'm experiencing is the result of having stopped making the mistakes that cost me so dearly since last September when I actually made my first live trade. I started trading this strategy exactly one month ago...
  3. R

    Day trading SPX index options. 100% daily ROI possible?

    No, about a buck each initially but by dorking around and making stupid, wasteful adjustments, I managed to reduce that by about 20 cents per contract. Since I started following this regimen, EVERY SINGLE ADJUSTMENT I've made has been needless, wasteful and very frustrating. I can't get it...
  4. R

    Day trading SPX index options. 100% daily ROI possible?

    This is the screen shot of the close. BTW, I violated one of my own rules and made an unnecessary and, frankly, kinda dumb, adjustment. Had I left it alone I'd have netted more than $1500. What you see are Five Iron Condors in each of my three accounts for a total of 15 contracts. My profit for...
  5. R

    Day trading SPX index options. 100% daily ROI possible?

    Those values should be visible on your trading screen as you view the option chain. I use TastyWorks which was developed by the same team that developed ThinkorSwim, the TDA platform, only it is much more user friendly than ToS. If your platform does not display Open Interest, POP, and...
  6. R

    Day trading SPX index options. 100% daily ROI possible?

    At the moment. But since I started following the plan I have outlined on this site I've increased each of those three accounts from around $2300, as of April 8, when I started to almost $6000 EACH, about $3800 gain per account. I have now had 13 straight winning sessions (no losses) and am now...
  7. R

    Day trading SPX index options. 100% daily ROI possible?

    I don't buy options other than as a hedge against those that I sell; I sell vertical spreads, usually one strike wide but, occasionally, two strikes wide, the object being to collect the premium on the sale of the call or option pair or condor, which is both a call spread and a put spread, with...
  8. R

    Day trading SPX index options. 100% daily ROI possible?

    I begin by watching the futures activity to get a feel for market sentiment for SPX here. I check that about every 15 minutes, right up to the open. That give me a sense of whether there's going to be upward or downward pressure on the S&P 500. I then watch the open so see whether it confirms...
  9. R

    Day trading SPX index options. 100% daily ROI possible?

    The conventional 'wisdom' suggests that buy relatively far in advance of expiration and hold until a few days before expiration will allow you to capture between around 30% and 70% of the profit in the trade. Well, if the SPX moved consistently in one direction or the other over that span of...
  10. R

    Day trading SPX index options. 100% daily ROI possible?

    This will take a minute because I want to answer your question completely and truthfully. Bear with me, please. Beginning almost four years ago and before I made my first trade in SPX I had spent, quite literally, thousands of dollars on memberships, subscriptions and other information on...
  11. R

    Day trading SPX index options. 100% daily ROI possible?

    Just to clarify, you seem to be saying that a $1.00 return on a $99.00 investment is equal to a 100% return on that $99.00. I don't want to misinterpret what you are saying.
  12. R

    Day trading SPX index options. 100% daily ROI possible?

    While it is possible to make very good money trading SPX, NO ONE is making 100% ROI consistently, over time, although it might be possible to make 100% of your initial investment over a short period of time IF you start with a relatively small balance (Most brokers will require you to have at...
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