This is a test of a strategy combining what we know of Karen the Supertrader's strategy combined with some of the research from TastyTrade. Will it be profitable? Time will tell. I started this experiment on April 5, 2016. Here is a link to my spreadsheet where you can follow along.
Thus far the account is up $2,034 on a $150,000 account. This should be interesting.
Got it, thx.Code:https://docs.google.com/spreadsheets/d/1BrPv0YoZzf5sUSw453cUQBrLmvKzbuYULKdUMTzvNxg[CODE] Here's the link. It is a google spreadsheet.[/INDENT]

I have added the column for delta for each leg. I am rounding this number and I'm not including decimal places. I am actually entering the Probability of In The Money.Can you add a column in excel sheet for time of trade and underlying price at this time - it can be very helpful later on when looking back on trades and results.
Also, if you can, add delta and theta for each leg - you can use the group/ungroup feature in excel to add these, then collapse them to not take up the whole sheet - but I think you know this already?
Thx.
J_S
I have added the column for delta for each leg. I am rounding this number and I'm not including decimal places. I am actually entering the Probability of In The Money.
Had a close shave myself lately - but have it back to 12.68% return for last month - keep that going and I will be very happy camper!
Just need to keep calm now and not start risking too much - it is no good unless you hold on to it!
Keep pecking away like woody the woodpecker
J_S
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I trade in three different real accounts with different strategies. The trades that I post in this thread are isolated in a $150k paper money account. I do implement most of these trades in my live account, but it depends on what the Greeks are telling me in my other accounts.Are they real trades or sim account - selling calls and puts without protection is very risky business!
J_S
Oh, even an advanced level trade have a losing day...but I am more interested in what affected him to make such a decision. The most difficult part of trading I find is whether a pullback is a pullback or reversal but I think now I am getting better with that.