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Legging into such a position is risky since market may move very fast and fill one side only leaving you a position in loss and no hodge

I was long on tesla. Please read my post

I am net $6k positive on tesla options this year. What happen if I do trade it in Jan? Do I need to pay tax on more than $6k that I earned? My last option trade closed on 12/9 with 10k loss.

I hear you. Live to learn. Not gonna happen again. Can some one just answer my original question instead of criticizing me in here.

Here is the reference for CBOE Global Trading Hour: https://cdn.cboe.com/resources/futures/global-trading-hours.pdf

I sold put vertical credit spreads on weeklies and realized huge loss on 12/09. I freaked out that by the expiration it would hit my max loss and I closed it two days early.

I am selling put on TSLA and has just hit a big 10k loss. It wiped out a few months of profit. But I am still net $6k positive on this TSLA put selling strategy for 2020. If i keep selling then I have to pay tax on $6k YTD profit only. Is that right? But if I don’t sell puts for 31 days then I...

I think it is better to let the challenged leg to expire. Most of the time the market will come back and close in your favor. I did backtest this and noticed that closing challenged position early will do more harm than letting it burn all the theta and participate in a potential market rebound...

May I ask how long you are doing this and how you avoid assignment? Do you put your short leg deep OTM? I think assignment is inevitable in the event of black swan market crash. On the other hand, If you have not taken any assignment from your short leg so far, what is the point to have a...

My I ask how frequently you sell the strangles and when you roll your hedges?

None of them is tested by me in a real life for a long time. I have done just a few month of Profolio 1 so far. Does the back test results looks too good to be true ?

I make about one trade every day. There are more than 1000 trades in this back test study in the last four years. I appreciate your detailed response. I really liked Ulcer Index and going to use that moving forward.

I think he wants to short box spreads and leave his existing assets as collateral.

Portfolio margin traders can suffer margin calls if they have a bad mark/quote. This is a huge problem at Interactive Brokers. TD Ameritrade seems to be a lot smarter about this. You need to place a GTC close order at a very favorable unrealistic price to always quote your box.

Did you take any assignment so far ? It can be very painful

May I ask who is your brokerage? I didn't have such an issue with TDA when I send an order to sell 11 naked puts.

Hello Fellow Members, I am working to optimize my option trading portfolio and really can't decide which metric should I use to pick the best portfolio. May I ask which one you choose and why ? This data is for the past 4 years.

You may be charged margin interest rate since ES has assignment risk and therefore, the brokerage need to loan you way more than SPX.