My Awesome Trading

[morganpbrown]

Every time I buy or sell a deep ITM, long-dated call, I think to myself...wow, it would be good to be on the other side of that trade. I've gotten some really bad fills. But, there's always a counterparty.

 

[Retief]

The account is way over 5K, and it's not a paper account. I had another good week. The year-to-date return is up another 2% to 54.5% and the Sharpe ratio is now at 2.00.

Another profitable week. The year-to-date return is up another 3.1% over last week to 57.6% and the Sharpe ratio increased to 2.05.

 

[tonyf]

Another profitable week. The year-to-date return is up another 3.1% over last week to 57.6% and the Sharpe ratio increased to 2.05.

What is behind that 3.1% performance?

 

[Retief]

What is behind that 3.1% performance?

Sold puts that expired worthless on Friday. I'll be selling more puts on Monday, for next Friday expiration.

 

[tonyf]

Sold puts that expired worthless on Friday. I'll be selling more puts on Monday, for next Friday expiration.

3.1% on CSP or margin?
What kind of underlying?

 

[taowave]

Volatile

What's your avg IV30 and rank??

3.1% on CSP or margin?
What kind of underlying?

 

[Retief]

3.1% on CSP or margin?
What kind of underlying?

3.1% on the value of the account starting on 1/4/2021, the first trading day of the year. The account value has grown by 57.6% since that date. I don't use margin. I only sell puts to the extent that I can take full assignment of the underlying without the use of margin.

The underlying is what I consider fundamentally sound stocks. Stocks that I wouldn't mind owning if they were put to me, because I think the stock price will appreciate in value.

 

[tonyf]

3.1% on the value of the account starting on 1/4/2021, the first trading day of the year. The account value has grown by 57.6% since that date. I don't use margin. I only sell puts to the extent that I can take full assignment of the underlying without the use of margin.

The underlying is what I consider fundamentally sound stocks. Stocks that I wouldn't mind owning if they were put to me, because I think the stock price will appreciate in value.

That's fine but @newwurldmn has shit loads of experience in this space and would (correctly) argue that 1.5 to 2% unlevered normalised monthly return is more like it. Question is what risks you are taking to outperform.

 

[Retief]

That's fine but @newwurldmn has shit loads of experience in this space and would (correctly) argue that 1.5 to 2% unlevered normalised monthly return is more like it. Question is what risks you are taking to outperform.

Concentration risk. I do not have a diversified portfolio.

 

[taowave]

What percent of spot do you typically sell??

And I still do not get this

"The biggest gains have come from holdingstock while waiting for it to be calledaway"

Regardless,well done