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Just checked out Tiblio..Its VERY different than Optionstrat.. I admire your eagerness to learn,but I think that options may be a difficult path for you...Not saying you can't do it,but derivatives are more challenging and complex than trading the underlying... At some point you will need to...

It you spend equal dollars on options vs stock,your option bet is massively leveraged..Your PnL will have huge swings and most likely get wiped out or shaken out,whichever comes first... Think it thru.. Why trade equal dollars vs equal delta??? If you still feel equal dollars is the way to...

Hmmmm..Not really...What about a stock that goes up 3 percent a day,every day for 30 days...Thats low RV,but a thing of beauty if you are a call buyer playing direction Delta hedging is another story,and you are basically correct in that approach...

I get it....Have you looked at https://optionstrat.com/ Its a pretty good visual tool,I think it would be helpful.. I believe they offer a free trial

OP,what option book have you read cover to cover???

I see what you are doing..... We are talking puts :)

Are you long 1 of the 2175 or 2?? I quote the " expensive" wing first. Im guessing you are long 1 of the 2175 strike,risking 7 to make 43..

Zero pattern to be found....

How do you define TA??? Is mean reversion/pairs trading in your definition??

Day trading??You are setting the bar way to low considering your "resume"... Putting in all this time on education,work in a money management firm,and your goal is to lock yourself in your basement and day trade??? Think bigger,but if you still want to day trade,at least consider swing...

Passion is difficult to define for "thougtful" people??? What on earth does that mean??? Yikes:)

Hey Buddy,no offense but your answer speaks volumes... Im am straight up asking you what are YOU passionate about... If you practice your passion once a year,its not your passion.. Simple question

Good thread Tony... If I may,what are your passions,and if you cant answer in 3 nanoseconds,you are screwed..

Did you follow this trade from inception?? It started with a bad leg that he turned into a calander and was dead right,then dead wrong and consequently looking break even -ish... Along the way he made some great calls and stuck to his guns. It was more punting than anything else..I would have...

Not trading TSLA,but check vertical and horizontal skew as well..That may have shifted

Market Chameleon has some free rolling Vol and skew charts which are very good https://marketchameleon.com/Overview/TSLA/IV/ Orats is a paid service which is my go to option analysis/scanner/backtester

Your premise is TSLA trades sideways till earnings so you are going long a straddle????

Isn't legging in a straight directional bet?? Not sure where you are going with this one

Listen to NW...Hes 101 percent right..You arent accounting for time value/extrinsic

You still arent really getting the basics of risk reversal and conversions... If you have a really deep ILLIQUID call and want to get flat,YES you may want to sell stock as opposed to selling the call sub parity.. But why exercise the call and sell stock???? The Option is worth more Alive...