ES Journal - 2017/2018

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Handle123 said:
I developed software for self that looks for identical stock patterns that either by itself or one is identical going up as one is going down, then sell options around them, very fun. Also for longer term commodities trading, for markets that don't have options, I will use a optionable stock that uses the commodity and has same pattern so I can hedge, anything over 29 minutes timeframes get hedged cause I am often too early. But based on the hedges, my risk is nil for long term and keeps drawdowns to very min, so I can actually make less in percentages than S&P Index but end of the year do so much better than the Index cause lack of drawdowns as the Index, I don't know why this took me 32 years to think this up...am dumb I guess, yuk yuk yuk
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You’ve mentioned getting options to *pay* you. I’ve been thinking a lot about your hedging (secrets still secret though)... you have to be doing some sort of collar to get paid. That limits your upside though. 2 otm puts - 1 atm call?
 
treeman said:
You’ve mentioned getting options to *pay* you. I’ve been thinking a lot about your hedging (secrets still secret though)... you have to be doing some sort of collar to get paid. That limits your upside though. 2 otm puts - 1 atm call?
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He's talking about delta-hedging short calls and puts, I think.
 
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