Search results

I do a similar strategy, but I start with put credit spreads. If the market tanks, I can roll to OTM puts. Since my put spreads are narrow, I can roll about 3-5 puts spreads into one naked put. For instance, I sold some 29/28 put credit spreads on PLTR and got about 0.55 per spread. If the...

Robertst, what is your Sharpe ratio? I don't see how his strategy would result in a worse Sharpe ratio than holding an index fund. The option premium is just smoothing out returns for the most part.

Stocks and ETFs. But, yeah, it's due to the stock split. The extra contracts haven't shown up yet but the price halved. I'll leave this thread up in case anyone else experiences the same problem.

This just happened to me, and I now have negative excess liquidity. No options expired today. Has anyone else experienced the same? Edit: Might be related to TQQQ splitting, since that's the only change I notice.

Shorting SQQQ is possibly the best strategy in the world based on my tests. Anyone agree or disagree?

Let's say I have a bull call spread that expires next year or later. Currently, it is showing a loss. Am I allowed to close this spread, realize a loss this year, and then open an equivalent bull put spread? Or would this be considered a wash sale due to the positions being "substantially...

This strategy is also known as a poor man's covered call. Whether you do the trade with puts or calls does not matter, due to put-call parity. Overall, I think it's a good strategy. It can also be thought of as covered call writing with a protective put at a further expiration than the short...

Here are my trades on Boeing: https://i.imgur.com/hIpk4h4.png C = expired worthless R = expire ITM and had to roll The stock is down about 25% since I started, but I am profitable. However, I was lucky because the decline happened pretty gradually. Had it occurred quickly, then I would have...

It's worked well for me too, even with the recent correction (Sep 2020). I've sold puts on at least 30 underlyings and have achieved profits in every single one of them. Some are even down 20% from when I started, and I'm still profitable! I do have a few short puts that are ITM right now, but...

If we are talking about trading, I would go with options. I like selling put options. I have a lot of room for error and am assigned a stock only at a price I am willing to pay (but usually I'll roll my put before getting assigned-- options give so much flexibility!) Now, when it comes to...

Does anyone know if IBKR Lite sells order flow for options?

Welcome to the too big to be regulated era. With hundreds of billions in cash at their disposal, big tech companies can pay off all the politicians they need to.

https://wheel.orats.com/backtest

I have IBKR Pro and am thinking of switching to Lite because I am not seeing many advantages. IBKR Pro no longer pays interest on idle cash, and if I want to use a margin loan, I would just sell a box spread instead of getting a loan from the broker. I do notice that I frequently get liquidity...

Is SPX the ideal underlying for this short ratio diagonal strategy? If the goal is to find that something that will move dramatically during a crash and rarely grind sideways, wouldn't something like UVXY be a good option? You would instead do this strategy with calls.

After doing more research, I wonder if this has to do with the "Penny Pilot" program? I am not really sure what it is, but it seems that most exchanges offer different rebates depending on whether a stock is included in the program or not. Perhaps some of the underlyings I trade experienced a...

Yes, I suppose "SMART" is multipurpose. However, for me it just says "SMART". The goal is to give you the best price regardless of commissions. MaxRebate would mean that you prefer the rebate even if you would get a better all-in price on an exchange that doesn't offer them. But again, the...

Just "SMART" but it makes no difference. IBKR will provide a best case and worst case commission estimate that is the same no matter what routing you use.

I've been trading options on IBKR for almost a year now. I have always been able to get rebates for placing limit orders on many different underlyings, such as W, WORK, LUV, and CHWY. Suddenly I cannot get rebates anymore! My commissions are always positive. Does anyone know what is going on?

Why OXY over stocks like BA, UBER, or SPCE? They also have very high IV. Anyway, I tried this strategy this week on those stocks I mentioned. Obviously, my timing was terrible, but guess what? My positions are barely red. The huge ATM premium provided a nice cushion. It will be very easy to...