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Insightful questions dorietrading. You have actually answered in part yourself in the other thread where you said: "And roll on time! Risk control is everything!" If you look at the various charts I have posted, you will see that most of the time, the buy orders result in additional profit...

Smart option traders like yourself, dorietrading, are those who can actually understand better the algorithmic game. The returns are proportional (more than linearly) to the amount of risk one takes (as long as one has margins to trade). Ideally one can think of the put option as a (decaying)...

Thank you dorietrading. That result (73K) in the periodic public paper trading illustration is referred to as a period of 94 days (2M funds). One would normally use half of the available funds (that is the purpose of the "little gauge"), with temporary "overload" on special occasions. This...

In order to "color code" ranges of percentage, for both the labels and gauge, I coded a simple quick class which associates colors and percentage ranges and provides both the association and the brush with the right color, for any current value: Clearly, we can fine-tune later these values...

Mostly agree with dorietrading hints, plus algorithmic long scalping, to greatly relieve margins and add extra profit (this adds 50% to 100%, and keeps you safer: see my current journal for a practical illustration).

Significant spike up today, with the consequent joy of our options. Profit skyrocketing to a new highwater mark of 73K, settling now to 72K. I had to actually close several layers because the bot start hammering with new short entries all the way down, and margins raised momentarily to...

Today ES retraced a bit: The options are pretty quick to react, immediately recovering all the DD: the PNL jumped to 65.8K: The typical behaviour of these instruments is that they do spike sharply when there is a market correction, but as soon as the price pauses or retraces, soon they...

Today we got another big spike, after the fall of Friday: enough to make the PNL jump again to 53.4K (almost 92 days elapsed now, 2M funds): All the options 29 Apr 22 have now expired in profit. Particularly, the one we saved at the last moment, closed with a record profit of 17.6K (so...

Yesterday has been really wild with a sharp fall of ES. Now recovering: See that we can make $$$ even in a falling market (with enough funds obviously). My PNL yesterday was practically all over the place, fluctuating wildly up and down. Currently bounced to around 47.9K. The layer we...

Today ES recovered a little bit. Not much but the relatively small move was sufficient to get back to 38K after the DD we experienced before the weekend (the magic of "decay" :-) ES FUT 20220617 GLOBEX 50 E-mini S&P 500 [ESM2, 477836957, mult: 50] overall...

In the last two days we have seen a sharp correction with ES down by several % points (last seen: 4251.25/75): https://www.bloomberg.com/news/articles/2022-04-21/stocks-bonds-wilting-as-half-point-fed-hikes-loom-markets-wrap ES FUT 20220617 GLOBEX 50 E-mini S&P 500 [ESM2, 477836957, mult...

Several people have asked me why PUTs, and not also CALLs, in this case of ES trading. The main reasons are: market drift, circuit breakers. "Unilateral" exposure where the worst-case scenario is clear and the possibility to easily switch across different greeks makes the difference between...

Today, we had a small rise in ES: The layer we recently "transferred to" has gained more profit: ES FOP 20220429 4080 P GLOBEX 50 E-mini S&P 500 [EWJ2 P4080, 524262149, mult: 50] while also the other two layers we were following have now become profitable: ES FOP...

Yep, I must have said that some 25 years ago... and am still fighting with the compiler for 8 hours a day :-)

the famous last words :-)

And now that layer (that had a negative PNL) has turned positive: ES FOP 20220429 4080 P GLOBEX 50 E-mini S&P 500 [EWJ2 P4080, 524262149, mult: 50] Info from IB (about 78 days, and 5526.13 in commissions): Δ NetLiquidation 38710.00 USD

New "information transfer". From : ES FOP 20220502 3945 P GLOBEX 50 E-mini S&P 500 [E1AK2 P3945, 555018907, mult: 50] (note how the buy hedging order is spoiling the possibility of a profit, causing a too low overall average [red line] ) to: ES FOP 20220429 4080 P GLOBEX 50...

Let's transfer the "less lucky" layer: ES FOP 20220520 2700 P GLOBEX 50 E-mini S&P 500 [EW3K2 P2700, 495662508, mult: 50] to another one of higher price. Our option selection utility suggests the following target candidates: ES FOP 20220513 3650 P GLOBEX 50 # [29.4 days to expiry...

Today (Thursday) the ES situation is almost identical to our last chart: I have one layer which is expiring in a few hours: ES FOP 20220414 3400 P GLOBEX 50 E-mini S&P 500 [EW3J2 P3400, 495664410, mult: 50] and will free a good amount of funds to open new layers. Let's...

Credit? From this point of view, an option is just an instrument like all others. It has a price (bid/ask) that changes continuously, and, therefore, your PNL changes continuously accordingly, depending on your current position. Also, your margin requirements will change continuously, depending...