Alice in Optionsland
- Thread starter qlai
- Start date
no such thing as houses money. That 8k could have been a business class ticket to London. Now you have to sit in the back with the plebs
Lol. Respectfully, I disagree. I've been saying from the beginning that I want a lottery ticket. Now that I got it, I can't complain that it's indeed a lottery ticket - very low odds bet. I still have 18 DTE left and TSLA is one crazy stock 
Seriously though, this journal is not about generating cash flow, it's about trying to set up for home-run trades and hopefully ending up paying very little for them. Not an easy task.
Speaking of setting up trades, my legging into straddles/strangles not going very well so far either:
Seriously though, this journal is not about generating cash flow, it's about trying to set up for home-run trades and hopefully ending up paying very little for them. Not an easy task. Speaking of setting up trades, my legging into straddles/strangles not going very well so far either:
Lol. Respectfully, I disagree. I've been saying from the beginning that I want a lottery ticket. Now that I got it, I can't complain that it's indeed a lottery ticket - very low odds bet. I still have 18 DTE left and TSLA is one crazy stock
Speaking of setting up trades, my legging into straddles/strangles not going very well so far either:
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I don’t think you can generate cheap lottery tickets by legging into straddles. If you could, then you should just trade the corresponding delta. It would be a grind but you could make a living doing it.
I agree that Tesla is one crazy stock.
perhaps you will be able buy that netjets membership whilst I have to get to the airport 2 hours early
.Legging-in is just trying to get a better price for entries. The rest will need to come from selling premium on weeklies or trading shares (gamma scalping).
Well, everything I do is a directional bet. My premise for establishing straddle/strangle is that the stock will be sideways till earrings, so I am waiting for a down day to buy the calls. Of course there’s a chance the stock just moves higher and runs away from me.