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    Index Options Newbie questions

    Only down side I see is if the SP stays flat you're still bleeding off some theta in the and losing value in the ITM option and not getting the dividend as if you had the true covered call on. Another way to do it would be to set up a poor man's covered call. Buy the ITM LEAPs and then sell...
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    Index Options Newbie questions

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    verticalized verticals

    Thinking you're onto something with a natural bull bias for the butterfly with the vol contraction on the way up.
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    Covered call BABA...What don't I see??

    Whatever automation at the drive thru they already have is annoying. Pull in and a voice says welcome to McDonald's you order and then a live voice comes on and you have to order again. I fail to see the point of the first voice. First world problems I know but it annoys me every time...
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    An Attempt to Learn How to Trade Consistently and Profitably

    Looking forward to reading your thoughts and see what happens. IMHO if you're a student be a student. Read a tremendous about of books about options and trading and choose a strategy that is appropriate for your capital. If you're in a small scale account I don't think scalping day trading is...
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    Spread trading newbie has questions.

    Careful with Oats. Jay Homan will corner you.
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    Using Ratio Spreads as Entries and Exits for the Wheel

    yep my typo. fixing it now.
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    Using Ratio Spreads as Entries and Exits for the Wheel

    Playing around with an idea in my head lately and wanted some input. Maybe someone out there who is great with data could back test this idea. A popular strategy for large accounts is to take a percentage of capital and run the wheel on an ETF like Spy. Sell a OTM put and collect the premium...
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    Alpha Wolf

    What positions are you hedging and how? Curious how it relates to my own hedging concepts.
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    Alpha Wolf

    fly butterfly fly. nice!
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    Weekly Pin Butterfly Strategy

    good point. dually noted.
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    Retired, 450k fun money, lets see what happens - SPY Options

    Have a journal going on butterflies as weekly plays at the moment. Plan to start doing the wheel in SPY around March and will keep a journal on it.
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    Retired, 450k fun money, lets see what happens - SPY Options

    I like it.
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    Weekly Pin Butterfly Strategy

    Outcome Week 1 Weekly Flies TLT 1:2:1 152-154-156 Calls enter $0.31 exit $0.75 +$0.44 CHWY 1:3:2 98-100-102 Calls enter credit $0.17 exit $2.03 -$1.86 Hedge CHWY 102-98 Put spread enter $0.68 credit exit $.03 +$0.65 DKNG 1:2:1 54-55-56 Calls...
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    Margin help

    Pattern Day Trader - No more than three day trades in a five day period for accounts under 25K.
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    Weekly Pin Butterfly Strategy

    Friday - Eyeing some straddle plays today in the following: TWTR 46 TLRY 22 NKLA 21 look to open around 8:45 after the open and play a move by mid day. Selections based on the possibilities of bouncing around high OI strikes.
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    More newbee option questions

    My ex wife would contest this on some points
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    More newbee option questions

    Certainly a lot of different ways to trade. Everyone looking for their niche. I think with a bullish basis then you could look into the following possibilities to use options towards your goals. Top of my thoughts would be directional call flies with a few months of DTE. These can really pay...
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    verticalized verticals

    Exited this one for a profit earlier in the week. In at $0.31 and out at $0.75
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    verticalized verticals

    Nice on both. Well done.
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