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As one premium seller to another. Cut your risk in half to allow for margin expansion. Also, you'd be better off with fewer contracts closer to the money. Your losses grow exponentially with more contracts. You can still do roll and adjust strategy even when closer to the market. Do yourself a...

Also, do the search for the dude who lost 4 mil betting on volatility. And I'm a premium seller

Make sure to do the search for "Victor Niederhoffer" BP = Buying Power. How much percentage are you risking per position?

How much BP are you risking? Is your account big enough for PM? Seems an awfully high ROI. I told my Pops I could set up a 50% ROI selling puts, but the leverage would be dangerous. Any market move against me, then I'd be in a world of $H!T. Do a search for Victor Niederhoffer

I took a peak at Jtrader's sight. I would be very cautious of someone claiming >70% win rate for long option positions. My understanding is a typical trend trader is 30 to 40% win rate (for options that would be long puts or calls; @ironchef what's your win rate?). I think those who add...

After blowing up 4 accounts the best advice I've got (it took decades for this to sink in and 2019 is my first profitable trading year): - Don't risk more than 1 to 2 percent of you account on anyone position - especially while you are learning - Learn to take a loss - I would get your portfolio...

I would sell cash secured puts on ULs that you wouldn't mind owning. Not popular here you can then sell the call against the shares you don't mind losing. I do this in my 401K. I'm not getting rich, but my cash reserves are earning a little income (maybe 1 to 2 % extra a year, maybe 5 to 6% on...

@ironchef I may have skimmed too quickly, but was this a 30% gain on the position?

Oops, It sounded like you were short. I skimmed too quickly

Good Job :thumbsup:

I did a back test of SPX naked call options and in 2013 the position was destroyed. I swore I'd never sell a naked call again nor sell covered calls on stock I wanted to keep. On the put side I decided to close any position for a 1x loss. This may be the best option (no pun intended) for the...

Exactly, I don't know if it's wise, but I'm not as delta neutral as some people teach. My thinking is if risk is only to one side, I can watch the at risk side like a hawk and immediately close out losing positions if necessary. My biggest fear is liquidity and nobody on the other side of the...

Yeah, I tried that for a year ( in my search for strategies I liked). I had a 70% win rate, but my overall PnL was flat

@ironchef , did you buy a straddle or were you strictly calls?

I imagine Kirk makes more money from his site and his coaching than trading. I have been told he is open about his returns and that he is profitable (though it may be a smallish number for his ROI). I did learn a lot from his site and you don't have to pay a penny. Anyone wanting to learn option...

I was also curious, because I wasn't sure how it would turn out

Sorry my fault. I just put up a simple and not thorough back test that selling 6 delta put was survivable. I'm new here and I was curious that if somebody was going start a thread that you should give an idea of the concept. Since the original poster didn't I decided to, especially when somebody...

We allowed to discuss theory, right?

Also there's no need for name calling. I showed above the strategy is survivable. I didn't say I would do it. It's just theory. Calm down

She doesn't do calendar spreads, atleast from her interviews. Somebody mentioned Martingale (which fits the description of rolling for more time). I've done this on a much smaller scale (which seems more a disaster on the call side than put side). The fraud is from not reporting the paper loss...