Long-scalping equity options against time decay and market drift

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Overnight said:
There's something I don't think I asked. I may have in my previous missive to you but I forgot. But in the 300 whatever days you have been using this (to me ) complex layering strategy, have you EVER captured any of the profits off the legs you close, or are you just putting that profit money right back into another leg?
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Thank you for the question Overnight,

Not sure what you mean by "captured any of the profits". Profit is continuously being "captured", as well as new losses are being created.

I am not sure to understand what you really mean. Can you reformulate it?

Are you asking whether I am always "reusing" an old layer to trade a new option?
If so, not necessarily. Especially if there are no buy players open (= running "losses" stored in "memory"), you can just remove the layer.

In this case, I am keeping everything open because I want to show you guys the whole global situation. But normally, I would get rid of the unused layers. And actually, I would gradually fade and move to a new clean session.

(This app can hold without even blinking the information of hundreds of layers each with countless rollovers and related orders and perpetual full historic charts (note that IB GW or TWS for instance has to shut down every day), but it seems more practical not to exaggerate.)
 
lucysparabola said:
I never got an answer on the $1100/day average on $2MM balance either. I must be too poor to be replied to on that one.
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Sorry, what was your question? You guys have been doing so much confusion over here, I might have missed your question. Sorry about that.
 
fullautotrading said:
Thank you for the question Overnight,

Not sure what you mean by "captured any of the profits". Profit is continuously being "captured", as well as new losses are being created.

I am not sure to understand what you really mean. Can you reformulate it?...
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K, how about this. Since you started this combo meal at beginning of the year, has the amount of cash in your account gone up or down?

So for the year, which is ending in a month, what is your realized PnL vs unrealized PnL?
 
lucysparabola said:
I'm curious. Why, after 25yrs of work, is your 1MM money printing machine averaging only $1,136 per day? I took that number from the image above.

no interest in fighting, but this one did make my eyebrows crinkle.
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this was my query. I see the typo of 1M should read 2M.
 
spy said:
With this out of the way, let's address the real elephant in the room...

I think it should be lucy's ellipse, no? I mean, Charlie Brown has a leg and could send the ball sailing if only Lucy would let him make contact once in a while.
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I'm not one for potty humor but at least you put an appreciable explanation into this one. FYI the namesake is my kiddo, not me. it's fine, you had no idea.

bonus points for the accentuation as well lol.
 
lucysparabola said:
this was my query. I see the typo of 1M should read 2M.
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The daily average I print at the bottom of the window is computed according to this ratio: PNL / TotalDaysElapsedForSession

so it's just the ratio of the current PNL to the total number of solar days elapsed in the current trading session.

Probably not very interesting in the short period, as it can easily be negative in periods of strong drawdown. But it seemed anyway entertaining to have it (especially when it gets positive :) ).

At the moment the figure is 1180.06. Of course, there have been periods when it was negative and actually, it could return (temporarily) negative.
 
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