My goal is to make at least 30% per month

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Example: Spot=23, Strikes1=10 to 15, Strikes2=30 to 35, Yes OTM
Meaning: sell all Put strikes 10 to 15 and sell all Call strikes 30 to 35
Finding such options is an art of its own kind... (1)

then just lean back and watch, and let time-decay work for you...
and also take all bargains that pop up occassionally...
and: Friday is a good day for opening new weekly trades, because of the time-decay of the weekend...
and: frontrun the MM, ie. become a MM yourself, kind of...
and: try to invest as much as possible, but keep a reserve for being able to apply strategies/tactics.

I'm specialised on weeklys. Many people don't even know what these are...

1: if you research the archives of some months ago then you can find the underlyings I mean. They still work best for me.
 
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"And dying in your bed, many years from now, would you be willin' to trade ALL the days, from this day to that, for one chance, just one chance, to come back here and put on a static hedge..."*

William Wallace in Braveheart

(*adapted)

:D
 
marsman said:
Example: Spot=23, Strikes1=10 to 15, Strikes2=30 to 35, Yes OTM
Meaning: sell all Put strikes 10 to 15 and sell all Call strikes 30 to 35
Finding such options is an art of its own kind... (1)

then just lean back and watch, and let time-decay work for you...
and also take all bargains that pop up occassionally...
and: Friday is a good day for opening new weekly trades, because of the time-decay of the weekend...
and: frontrun the MM, ie. become a MM yourself, kind of...
and: try to invest as much as possible, but keep a reserve for being able to apply strategies/tactics.

I'm specialised on weeklys. Many people don't even know what these are...

1: if you research the archives of some months ago then you can find the underlyings I mean. They still work best for me.
More...
Brilliant! Why didn't anyone think of that? Oh wait...
 
Hi folks, thx, but I don't need any advice here. This is just a journal...
If you wish, then just watch how I do. I don't need any distraction of my trading by some lengthy discussions here... It's not the purpose of a journal... Thx.
 
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marsman said:
Hi folks, thx, but I don't need any advice here. This is just a journal...
If you wish, then just watch how I do. I don't need any distraction of my trading by some lengthy discussions here... It's not the purpose of a journal... Thx.
More...
Just to dot them i's and cross them t's, this here is a simulated journal, right?
 
marsman said:
I'm specialised on weeklys. Many people don't even know what these are...
More...

This is obviously false. If it were true, the weekly option market would be so thin that it wouldn't be tradeable for market takers, and wouldn't be profitable for market makers. And that clearly isn't the case...

Just be careful man, and make sure you approach things with risk in mind. Shocks happen in the market... more frequently than is reported on the evening news. Just make sure you have a plan to deal with these disruptions, and don't get wiped out. If your paper trading ends up being succesfull, good for you! But proceed with caution...
 
marsman said:
and: Friday is a good day for opening new weekly trades, because of the time-decay of the weekend...
and: frontrun the MM, ie. become a MM yourself, kind of...

I'm specialised on weeklys. Many people don't even know what these are...

1: if you research the archives of some months ago then you can find the underlyings I mean. They still work best for me.
More...

Yes because Market Makers do not know how to price in the weekend time decay already on weeklies...

What is this strategy you invented of selling OTM puts and calls....certainly never been tried before...you get to name new strategies

You are the Christopher Columbus who discovered the America of weekly options....not realizing there were already thousands of people already there..
 
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