best way to go long

Check out Orats and run some scans and simulations and see what risk reward profile works for you

morganpbrown said:
probably a dumb post, but here goes. I am trading an indicator that predicts direction, and I want positive delta. How would you best do it? (admitting that "it depends" is probably the "answer")

Test account is $50K, so I'm loathe to spend $46K to buy 100 shares of SPY. I could sell naked puts on margin (when I get tier 3 options approval). I could sell put spreads.

What I am actually doing is just buying 80 delta 60 DTE calls (sorta LEAPS). (I guess it's not a horrible time to do so, with volatility probably on the low side of its likely future range.)
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Yes there is..They have a new screener/scanner with is about to be released which is MUCH better than the old one..Its really good,and in addition to the quant/distribution/forcast metrics ( theoretical edge),it also has terminal R/R metrics as well as probability of profit..

You can also select filters that match your outlook on the underlying and scan multiple option strategies against each other and sort per your chosen metrics...
 
Unironically call ratio backspreads. You can only lose if the stock stays stagnant; you get unlimited upside; you get downside protection.
 
Are you saying a backspread outperforms a long call with the same delta??
What duration
Your answer is a bit loose...

Quick backtests in the SPY show the naked call does better,but long stock outperforms


newwurldmn said:
how is this superior to just being long calls?
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verial said:
Unironically call ratio backspreads. You can only lose if the stock stays stagnant; you get unlimited upside; you get downside protection.
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