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Best Plays for Long Term Holds in High Volatility Environment
- Thread starter TraderZz
- Start date
Thanks never2old.
Useful screen. This is sort of working in reverse for me because I generally start with fundamental screens I’ve backtested through 1970, then I set buy points at technical entries, then I consult options.
I am not sure how big of an edge if any I will have on just the technicals and options alone (some of the stocks with high Ivs meet my technical purchasing criteria but fail my quality screen).
Any chance you know of a way for me to cut and paste all my tickers that pass a screen and get their corresponding juiciest Iv and premium for puts to sell?
I would agree with you with common sense the stock you highlighted is likely a good play but I’ve lost so much money in trading when I started that when I developed a system that was finally consistent I sort of have become somewhat ritualistic with it. Maybe a deficit of mine right now...
Next step for me is to run a backtest on just the technical portion of my entries and see how that would perform without the fundamental screen to feel comfortable with it - but my technical screen would require some programming and I have not had the time to do so.
Useful screen. This is sort of working in reverse for me because I generally start with fundamental screens I’ve backtested through 1970, then I set buy points at technical entries, then I consult options.
I am not sure how big of an edge if any I will have on just the technicals and options alone (some of the stocks with high Ivs meet my technical purchasing criteria but fail my quality screen).
Any chance you know of a way for me to cut and paste all my tickers that pass a screen and get their corresponding juiciest Iv and premium for puts to sell?
I would agree with you with common sense the stock you highlighted is likely a good play but I’ve lost so much money in trading when I started that when I developed a system that was finally consistent I sort of have become somewhat ritualistic with it. Maybe a deficit of mine right now...
Next step for me is to run a backtest on just the technical portion of my entries and see how that would perform without the fundamental screen to feel comfortable with it - but my technical screen would require some programming and I have not had the time to do so.
cant help on the tickers/screen question unless in combination with barchart you c&p from the chart, incorporate into a simple excel, sort by call, put, premium, IV
https://www.barchart.com/options/options-screener
prices, volatility change quickly, so unless you refresh Barchart (and I'm sure there are other similar sources) its all down to 'pick the option & trade.
not much I can add or suggest on any particular trade other than that example with MYOK just a simple is best with optimum 'reward for risk'
I see from your post you were looking at buying options - but, but... its always 'will it go in the right direction' and/or can you play time value?
maybe look at simple option strategies, ones that have best return for lowest risk,
few folks like to sell puts because a) they don't care if the option gets called, they own the stock, then do an option trade on the stock, b) play time decay, which with puts 'maybe could be a good play' when it works.
on an high IV, there is the 'buy the stock, sell DITM CC' + sell DOTM put
or buy OTM calls & puts or look at doing a short strangle
just need to find the strategy that's works for you
good luck to you
https://www.barchart.com/options/options-screener
prices, volatility change quickly, so unless you refresh Barchart (and I'm sure there are other similar sources) its all down to 'pick the option & trade.
not much I can add or suggest on any particular trade other than that example with MYOK just a simple is best with optimum 'reward for risk'
I see from your post you were looking at buying options - but, but... its always 'will it go in the right direction' and/or can you play time value?
maybe look at simple option strategies, ones that have best return for lowest risk,
few folks like to sell puts because a) they don't care if the option gets called, they own the stock, then do an option trade on the stock, b) play time decay, which with puts 'maybe could be a good play' when it works.
on an high IV, there is the 'buy the stock, sell DITM CC' + sell DOTM put
or buy OTM calls & puts or look at doing a short strangle
just need to find the strategy that's works for you
good luck to you
Last edited:
1. You should leave well enough alone. It is not a deficit sir but your edge.I’ve lost so much money in trading when I started that when I developed a system that was finally consistent I sort of have become somewhat ritualistic with it. Maybe a deficit of mine right now...
Next step for me is to run a backtest on just the technical portion of my entries and see how that would perform without the fundamental screen to feel comfortable with it
2. Just the technical portion: Like trying to make a silk purse out of a sow's ear. A dog is a dog, I had scars on my back on GE, WFM, RIG... to prove it. Fundamental is the key to your success.