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In 2022 you could better buy straddles at opening instead of selling them..

http://dtr-trading.blogspot.com/p/spx.html

SPX trades most at the time at midprice, less commissions, less margin..

https://www.thebalance.com/spx-options-vs-spy-options-2536632

congrat! gross 5%? net 4,5%?

You bought it for 159.35. At the moment it is 149.08. So result = -1027. -1242 is the daily loss

Correct! Done it many times..

when you are assigned you just long or short the stock. So IB won't close them for you. You are allowed to close the position yourself.

Because when i roll i expect the market to go lower. Better to sell wings at the moment you see a change in market direction. But you can sell some wings in the moment you roll. Most of the time i use ratio of 1 to 5.

Haha. I reverse also risk bij converting written puts to written calls. Also lowers the margin. Happy trading!

Think statistically. What matters is the final average of the orders on the two sides. Don't get hung up on "trades". Thats what i said, you transfer the infomation to a new position and wait till all the combined orders are positive. If you say you have a maxDD of 3%. What does this mean? In...

I meant that both trades ended with a loss - so the 20 sell @4 close eg for 6 = loss 2000 - 10 buy @12 close for 6 = loss 3000 Sure you can do information transfer on this and roll till you come profitable but till that time your account will have a realised DD of 5K

Thanks for you reaction. I understand the 'stranded' transactions. But if you have this case: - sell 20 ES puts for 4 dollar - puts go on monday to 12 dollar - you buy 10 puts for 12 dollar to try to scalp some profits - market goes up again - you will end up with a loss because the bought...

No i don't roll the hedge. De hedge stays in place during market selloffs. I will roll the written puts to lower strikes. The will cost some money. When the market rises again a sell some hedges to pay for the lost roll money.

10 till 15% return with max 3%DD is very good! The 10% DD i had was in march 2020. I it unrealised DD, the month was at the end profitable but with a big IV hit all small delta options take a serious DD, even if they are completely save at that moment. You say that the engines scalps the long...

Thanks for you feedback. I also made some software. Not to automate trading but to backtest different strategies. Helps you to see the bigger picture. On average i make 30% per year with drawdowns under the 10%. I write only SPX options and have different strategies dependent on IV. In the...

I admire all the work you have done! Do you trade this with real money or do you use a demo account? Max margin was 1.3M, profit 73K so you made around 5.5%?

I'm a professional and writing options is my most important income. You have to hedge (keep gamma under control) to offset the risk. Also don't write options when IV is too low. And roll on time! Risk control is everything!

I don't think so, it is your average cost price..

How much did you receive for the 1200 short put? You're average price will be lower then 1200 with the amount received..