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Change the notional all you want,all you are doing is shuffling the deck chairs on the Titanic

Multiply my numbers by 10.. So you will lose 50k instead of 5k.. The good news it will take the same amount of time

Thats the best question asked so far

Think about what you are doing.. 5000 dollar account..Let's say 5 positions.By your math,it's OK to risk 1000 per postion(20 percent per) which is your entire account.The number of short spreads will be solely based on strike width per spread.. Punt and pray is not a plan

Not much to tell you.. Your desired returns are bordering on delusional and leading you to take way to much risk... The tails won't save you if your positions are too big,i.e risking too much

You are going all in and risking your entire account?? Spreads won't save you with your approach You may want to rethink your position sizing methodology

Long only,and in a Bear market still putting up close to 5 percent per month??

Ever watch the movie Goodfellas?? In the words of the late Ray Liotta, "Youre a Funny Guy"...

60 - 240 percent per is nothing to sneeze at.Are you long the cash or trading options??

Lol,I have tried it,and by your standards failed miserably :) Then again,I'm not trading a 500 dollar Robin Hood account

Leverage is the not so silent killer... Exploding Vol is the kick in the balls after Gamma bites you in the ass

Just starting out?? 30 percent per month?? Love to know what you are smoking... I mean backtesting :)

Havent checked the greeks,but you need to have a better gut feel for your position.... Think about it,if you are long the ATM fly,the dream scenario is for the stock to sit exactly at the short strike..You don't want it to move..Low IV is your friend.. Significantly higher IV implies the stock...

I agree that there are a handful of extremely talented traders who employ Canslim that would probably be successful regardless of their method..Canslim happens to fit their belief system.. What Canlim does is provide a foundation and systematic approach to trading. The fundamental metrics are...

And other than a div play,why would anyone exercise their call early?? And why do you care??

Horizontal= Thinking mans trendline

I rest my case ^^^^^^^^^^^^

But what makes you decide on the strikes,i.e how wide, how many days to expiration?? It could be as simple as you are willing to risk one to make 3,or you could get a little wilder and talk skew.. Your example of the spread you posted was really wide om a percentage basis..What made you choose...

Has Seiden ever posted an audited track record?? And I'm not talking about the 370 mil he/they took in enlightening the world on supply resistance

Ok then, But keep in mind your first post was pretty confusing and perhaps indicative of where you are on your journey.. What criteria do you use to select spreads??