Karen the Supertrader - TastyTrade Hybrid Experiment

[i960]

Lotta big talk here, sure would be a shame to eat some humble pie wouldn't it? It's one thing to disagree with people - it's another to basically disrespect their input by making caricatures of their words.

 

[Sweet Bobby]

ds4

Lotta big talk here, sure would be a shame to eat some humble pie wouldn't it? It's one thing to disagree with people - it's another to basically disrespect their input by making caricatures of their words.

What are you talking about? Caricatures of whose words?

 

[Sweet Bobby]

I certainly don't mind thoughtful comments. I just got tired of all the hateful "shit hit the fan" and account blow up comments from people who have no clue as to what my strategy is about.

 

[newwurldmn]

Bobby, how many puts are you short? How many calls? How many puts and calls are you long?

Do you mind sharing your positions? I'm curious as to how big you are vs your account size.

 

[F_488]

Bobby, how many puts are you short? How many calls? How many puts and calls are you long?

Do you mind sharing your positions? I'm curious as to how big you are vs your account size.

Go to page 1 of the thread and you will see all Bobbys Trades, he updates them on a regular basis.

 

[Pekelo]

I actually don't like P/L curves like that. It shows that after 10 weeks of trading you were back to zero, and all the gains were achieved in the last 8 weeks. I know P/L lines never straight up, but could you tell us what was the difference between the first and the last 8 weeks? I think volatility kicked in after the summer doldrums and you also used more margin, correct?

 

[Sweet Bobby]

Bobby, how many puts are you short? How many calls? How many puts and calls are you long?

Do you mind sharing your positions? I'm curious as to how big you are vs your account size.

I have 4 short puts in /ES and short 3 calls.
SPX I am short one strangle
I am short one call in SPX
I am short one out in SPY

If someone can remind me how to post a link to my spreadsheet I will gladly post it again.

 

[Sweet Bobby]

I actually don't like P/L curves like that. It shows that after 10 weeks of trading you were back to zero, and all the gains were achieved in the last 8 weeks. I know P/L lines never straight up, but could you tell us what was the difference between the first and the last 8 weeks? I think volatility kicked in after the summer doldrums and you also used more margin, correct?

Based on tastytrade research, I moved my theta target to a range between 1/10 of 1% and 1/2 of one percent. Originally I was trying to just maintain 1/10 of 1% and I often fell below that target.

I also allow myself to allocate up to 30% of my buying power for trades. Not much else has changed in the strategy.

 

[sle]

Bobby, XIV is up 40% since April 5th. That is the short Vol ETF. Why are you just not long XIV? You get the same benefit without the upside drift risk.

While we on the subject, why not just short VXX? He'd get all the benefits without the negative drift of a leveraged ETF.

 

[Maverick74]

While we on the subject, why not just short VXX? He'd get all the benefits without the negative drift of a leveraged ETF.

The short interest rate on VXX is usually very high and it's also often hard to borrow.