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Looking forward to following this journal. Best of luck.

I haven't looked at this. So essentially buy the put spread as it gets cheaper on the way up hoping for a future collapse in price intraday? buy the put spread in the /ES

Week 12 - Update Following flies. All entered 4/8 exits on 4/9 TSLA 1:2:1 690-700-710 c @ $1.13 sod @ $0.21 -$0.92 PENN 1:2:1 102-120-118 c @ $1.85 sold @ $3.30 +$1.45 FUBO 1:2:1 20-25-30 c @ $1.07 sold @ $3.15 +$2.08 CHPT 1:2:1 27-30-33 c @ 1.32 sold @ $1.50...

Jeff Augen has some books on options for short term and expiration plays that are very good. Commissions on options usually a $1 where as most stock trades are free these days. I trade one day plays using butterflies. Enter at 1 DTE out at 0 DTE. I like the R/R. Also play some expiration...

can you share what strategies you've been having success with in options?

st story of my life.

VXX hedge + 1 11 call @ $0.36 BLNK 1:3:2 35-40-42.5 call @ $1.64 sold $2.15 +$0.51 RIOT 1:2:1 50-55-60 call @ $1.27 sold @ $1.75 +$0.48 BABA 1:3:2 215-220-230 put @ $2.15 sold @ $4.70 +$2.55 BYND 1:2:1 130-145-140 call @ $1.63 sold @ $2.58 +$0.95 ETSY 1:3:2 200-210-215 call @...

Will have to ponder this.

Week 11 - Update A couple filled and closed yesterday to today VXX hedge + 1 11 call @ $0.36 BLNK 1:3:2 35-40-42.5 call @ $1.64 sold $2.15 +$0.51 RIOT 1:2:1 50-55-60 call @ $1.27 sold @ $1.75 +$0.48 BABA 1:3:2 215-220-230 put @ $2.15 BYND 1:2:1 130-145-140...

I'd add a number 4. During the negative crude oil prices when the company's software quoted prices wrong to retail traders he made traders who suffered from this whole. I think it shows Peterffy's integrity.

I don't see this as a day trader mindset. I think there is a difference between a trading account and an investment account. Running the wheel on SPY is really just being long the index which is pretty normal investment strategy for long term plays. I believe this is 400k of fun money...

Looking forward to this. I like the shorter term plays as well.

put a backspread on in the qqq or /nq options. sell one call closer to atm and buy 2 further otm. If you're expecting this move soon an example would be in qqq with 4 DTE sell 1 317 call buy 2 318 calls @ a debit of $2.11 your max risk is $2.11 and you have unlimited up side potential...

What is a full-time furry? I might not want to know.

It's the triple lindy. Well known. Kidding. It doesn't have a name as far as I know but you can give it one. With the different times on the short calls maybe call it a holiday covered call. One now sold and one in the future like a present. Just being creative.

Here are the straddle trades from today. I like to compliment the weekly flied with expiration day long straddles or strangles in /ES. Looking for a point or two on each as they add up. Usually on early in the session but sometimes the hold isn't too long. An example of buying options when...

Week 10 - Update totals VXX 1:2:1 12-14-16 call @ $0.77 sold @ $0.08 -$0.69 RIOT 1:3:2 43-50-53 call @ $1.45 sold @ $2.50 +$1.05 PYPL 2:3:2 222.5-225-230 put @ $0.67 sold @ $.05 -$0.62 AMD 1:2:1 76-80-84 call @ $0.78 sold @ sold @ $1.10 +$0.32 ROKU 1:2:1...

Week 10 - update Entered the following flies with expiration for March 26 VXX 1:2:1 12-14-16 call @ $0.77 RIOT 1:3:2 43-50-53 call @ $1.45 PYPL 2:3:2 222.5-225-230 put @ $0.67 AMD 1:2:1 76-80-84 call @ $0.78 ROKU 1:2:1 290-300-310 put @ $1.50 PENN 1:2:1 99-103-197 put @ $1.07 BLNK 1:3:2...

I gravitate with flies to the other side. I usually only trade them with one day to go. Most of the profits come when the fly opens or goes full carry which with high IV stocks doesn't really happen till the end. I need to start looking into doing some longer term ones with lower profit...