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So back to the serious people here. When my puts get assigned, I'll short MNQ contracts that add up to a notional value equal to the TQQQ position. There are two issues I see with this. First, when to drop the MNQ position is the market starts moving up. Second, is a 1:1 value the correct...

Since you're the only autistic person here, please share your math.

That might work for you but that has nothing to do with what we're talking about. Have you always had trouble staying on topic?

It's obvious that you don't know what you're talking about by the terms you use incorrectly. Please excuse yourself from this grownup discussion.

Yes, that I'm new here and there are plenty of a holes waiting to throw stones from behind their monitors in their mother's basements. I agree.

Normally I'd agree. The trouble is that TQQQ being a 3X product really swings around so it's hard to tell if your in a small draw down or about to lose your ass. And yes, sometimes I'll sell two or three weeks out if the premium warrants it. My preference is to go out one week, hold to...

Thanks. Being pegged at 70 isn't the worst thing in the world. Every time you sell a CC, that number comes down. Just think of it this way, when you sell a CC a percentage is for the income and the rest is for basis adjustment. The platform still says you lost your ass, but your making money...

Thanks all. It just kills me to spend premium on long options. The Theda loss just eats at me. Hedges bother me also. I don't like setting myself up with an 'acceptable' loss if the market goes up.

The option wheel strategy is a very common simple strategy. I sell cash secured puts, one week out, at around a 30 delta and collect the premium. If it expires worthless, great. If I get assigned, then I'd like to 'hedge' that position by getting into a high leverage device to balance my...

Wow, thanks for all the good words and positive encouragement. I said that I was new here, not to the planet or to trading. As far as my comment about not knowing a lot about futures, I simply said that so some brass a hole wouldn’t ream me out for not knowing every little nuance of them.

Hello all, I new here. I've begun wheeling TQQQ for income. I'd like to hedge a bit when I get assigned on my puts. My thought is to short /MNQ contracts with a nominal value equal to my TQQQ position. I don't know a whole lot about futures so. . . My other thought is to buy SQQQ to offset but...

Great question. I've often wondered how efficient the ETFs are. Is there any room for arbitrage?