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I've been doing some calculating.

I figure if you want to make it in double diagonals you should look for a ticker that is self-sustaining so you don't have to depend on the market, like BAC.

After searching for prospects, I decided to just go to the tastyworks High Options Volume list and check out if those equities will make me a profit, starting with the highest IV Rank.

LEAPS double diagonal spread strategy: Buy high puts and low calls of the maximum LEAPS contract. Anything else is false economy. Sell high calls and low puts of the most reasonable nearby contract that you shouldn’t have to roll vertically before you have to roll it horizontally. Anything else...

Don't most people who leave mutual funds for ETFs never go back to them?

Also known as the wheel, the wheel trade, the wheel of fun, the wheel of fortune.

I figure on doing basically a David Jaffee, John Broadhouse, Alan Ellman PCP strategy, sell poor man's covered puts, don't get assigned if I can help it but if I can't help it I'll keep the LEAPS puts and buy the shares and sell them at a profit on a covered call, repeat.

I put together a system for diagonals.

I decided that vertical spreads are usually a bunch of shit. You always have to wait on vertical spreads when there’s not a strong trend and you have to be just right and you often seem to get the shaft. DITM LEAPS calendar spreads/diagonal spreads/poor man’s covered calls and puts seem like a...

Buy undervalued, sell overvalued. Don’t lose sight of the long run for big profits. Fractals are pivotal points and are the most important at major trend changes.

Look for an optioned equity with a recently-completed, valid fractal.

I streamlined my screening process.

I put together a Jim Prince setup to compare my Blue Bunny setup to for swing trading.

China used to be better than the U.S. Not so now. Once I parked a lot of money in HAO because it was dependable.

I got rid of all my credit spreads. They just ain't my style. I don't want to worry about them and wait for them. Debit spreads are more advantageous to a good scalper, it seems to me.

I changed my scalping rig and I thought XLU looked undervalued.

1. It's okay to settle for a low rate of return on an OTM credit spread. It's called "monthly income." Ask Lee Finberg about it. 2. It's okay to have opposing OTM credit spreads. It's called an "iron condor."

It seems to me there just aren't that many good opportunities in options and if I have to know how to scalp anyway, I might as well just go scalping using puts, calls, spreads, whatever works.

You do have to use some scalping skills when trading vertical spreads by tastytrade recommendations so the underlying doesn’t come against you. Decide what each outlook is based on your indicators, select strike prices by your indicators and tastytrade recommendations (1/3 width), roll them if...

There are no Screeners. Liquidity trumps all. Go to Barchart Volume Leaders and go through the list and decide what each outlook is based on the PPO red lines and then see if you can make a decent profit with pretty defensive strike prices and a minimum need for rolling. Don’t go out more than 6...