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Thanks Robert...Appreciate the input as stock replacement is really the strategy I'm looking to build.

Are you only trading front month? I try and look at around 45 days out. I do like the indexes though.

Thanks, I actually have a similar style as far as holding a position for a week or less. For the most part I'm looking for contracts that are ITM with a .70 or negative .70 delta if I can get'em...So do you size based on the premium then and don't bother with basing off a stop?

Appreciate it, thank you!

Thanks! I actually have been only putting up 1% and trying to be a little more conservative, at least in the beginning. That's where my question comes in. Go the route of taking 1% of the account and dividing that by the # of contracts, or using a SL and backing in to the number of contracts...

Thanks for the input! I am familiar with Kelly Criterion, and it will definitely help once you have a large enough sample size to base expectancy on. Of course, that's fine for someone who's put on hundreds of trades ( or whatever the statistically substantial number is), but for those who...

Hey everyone, New to Elite Trader and seeing a lot of great content on here, much appreciated! I'd like to get an idea of how you guys tend to position size long options trades. I primarily trade single-leg positions and am really going back and forth with position sizing. For instance, a...