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I was going to look at the top picks for spreads on tastytrade, but tastytrade is BS. So, you're a big man like destriero.

I look forward to you analyzing the hell out of it.

You have actually traded? You realize that what works in theory doesn't always work in real life? Did you make outrageous profits trading manually?

Are you trading, paper trading, learning or what?

You're super expert spread trader with The Put Seller's Journal and you don't know what the wheel is? https://beststockstrategy.com/wheel-strategy-options-trading-strategy-pros-and-cons/

"I have recently been selling options premium with the ultimate goal being to purchase the underlying if the trade moves in my direction." If I'm making money selling a put and wheeling my stock off with a call, why would I want to spend money to buy a put to make a spread? And then you have...

If there's a new opportunity out there, use your capital on it to stay invested farther out. Otherwise, with no new opportunity, let your existing decay to $0. Better not use options spreads, IMO.

I don't even care about IV and spot and dividends.

You've got 1,100 posts worth of trading and you don't know what the best deal looks like by now?

That sounds like folly. It doesn't hurt to have some reserve capital and why diversify into something that is less than the best?

SAVA was $37.64. It closed today at $51.06. I have saved Excel spread calculators, but I don't use spreads.

It isn't exactly bulletproof. I'd be taking a loss unless the underlying crashes. It's a good thing I was terrified.

If I can enter a bear put spread with a 16 put for $.15 and a 18 put for $.19, is that a good deal? It looks bulletproof to me, but I'm terrified.

If You Must Speculate, Learn the Rules By Franklin J. Williams 1930 I've considered prop firms but never found one I considered legitimate or worth it.

That's meaningless in the real world. You're not actually trading so you can give a realistic YTD figure based on your average year-end results? And I know the meaning of sting and lessons. The wheel is what brought me back. In 2021 I ended up 21.7% from wheeling and I had some losers I dumped.

Hey, I'm up 18.3% YTD right now. I looked at the markets for YTD for comparison and anything that beats that is as rare as hen's teeth. But, hey, money talks, I'm open to trading spreads, condors, etc., if the money is there consistently. You tell me, what should a good spread/condor trader...

I don't know. Why risk it? Google spreads vs. wheel and some Reddit traders tend to echo what I say about the wheel being superior to spreads. tastytrade: ROLLING....ROLLING....ROLLING I'm up 18% YTD with no terror or hassles.

What about the danger of ITM getting exercised and messing up the spread? Aren't traders like on tastytrade always adjusting spreads when needed? Yeah, it's all about where the price goes and sometimes it goes against you. I try to be bulletproof against a 50% drop.

Two legs? Three? Four? Five? How much for each leg? Volatility? Bullish or bearish outlook? Spreads are good if they go my way, but if not I feel stuck and screwed. Talk about complicated.

I could be interested in a Put Seller's Journal, but it's kind of hard to find the put selling in this thread.