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I'm seeing it's possible to make good money with diagonals if you enter only deals that pencil out, like Twitter looks outstanding now, but Morgan Stanley doesn't.

Since I'm sort of getting back into directional trading and have to know whether to concentrate on put diagonals or call diagonals, I figure a Barchart TrendSpotter is as good as an indicator as any for that.

I wouldn't get so freaked out if my account balance would stay steady, but it goes downhill no matter how hard I sell premium. Well, LEAPS options decay in value, so what can you expect? So I thinks I can use my buying power to keep my account full of LEAPS double diagonals and get out at a...

After being frustrated about my account taking so long to grow, I figure the long-range goal in double diagonals is when you finally terminate them by exercising the sides off of each other, so you'd better make sure you end up with a good profit on each double and hopefully you can increase the...

From my experience, it may be possible to make good money with options in the long run, but the account balance fluctuates so much to drive you crazy.

I asked tastyworks: I trade diagonals. Is it okay to use most of my buying power on positions, or should I have a large cash reserve for handling assignments and exercises that may come my way? I could have quite a few assignments coming on the April 18 expiration. Or should I figure that once I...

4/1/19 -100 MRK to exercise 1 1/15/21 60 call on -200 NTAP to exercise 2 1/15/21 30 calls on I let tastyworks work the orders to save me the $5 exercise fee and make me more money and bring my buying power back up right away like they always wanted to do instead of me neutralizing my shares or...

I should concentrate on only about 30 stocks and I analyze P/L on Excel myself.

I start out with a double diagonal with a guaranteed profit no matter what and I try to pencil in an adequate payoff for time far OTM with a generous payoff for assignment and I try to keep both sides going as long as possible, but I never buy back a short option in the red to avoid an...

See that 98% PoP? That's a clue that a short option in the green with a high PoP should be rolled ahead because the theta is getting maxed out. I had doubts about diagonals being a profitable system the first month or two, but now a lot of my diagonals are past the breakeven point and it's...

I think if I want to see my account balance grow I have to get rid of red ink. Diagonals with the LEAPS in the green in your account should have the short sales far out of the money with an adequate time payoff and a generous assignment payoff to discourage assignment to keep green LEAPS in...

When I got into options at the end of the year I read whatever free pdf books I could find online. I especially remember Get Rich with Options by Lee Lowell fondly, I sort of based my trading system on it.

I was afraid it wouldn't be practical to restore a CLF put diagonal, I had gone out to July 19 to lock in a decent profit on one, it looked like I'd have to go out to October 18 for the next one, but I got a decent deal on an April 18 today, so there's a good chance you can restore a double...

Sometimes a double diagonal is not worth restoring after an assignment and exercise, and I came up with a better way of seeing when the remaining diagonal will break even.

I figure I've got to keep a double diagonal going so both sides of the double can eventually be sold off at a profit against each other if necessary. It's just that I might have to wait to restore the missing diagonal at profitable terms. And if I have a portfolio of double diagonals, there's...

Ain't losing money, but my account ain't growing fast enough to suit me. Gotta be more aggressive selling premium. Sometimes it isn't profitable enough to restore a double diagonal after one diagonal gets exercised and I should just sell premium aggressively on the remaining diagonal. Keeping my...

If you want an ETF, the more popular the better, I think.

I called tastyworks. Short stock from an assigned poor man’s covered call can be neutralized by calling them up and exercising your long position and you will make the maximum profit that was built into your diagonal spread, as your maximum profit is made if your short position is assigned...

I called tastyworks and asked how assignment of a short position in the money on expiration day is handled. In a real covered call you have to give up your stock. In a poor man’s covered call you keep your long call and you are assigned short stock even if you don’t have The Works. The only loss...

I reckon I shouldn't own any double diagonals that won't pay for themselves in four additional sales, which means there are maybe only fifteen or less stocks and ETFs that are worth it.