Options PnL

H

Hunnusunnu

Everyone wants success. But how many have seen real success?

I want to know what success is. Show me.

What does the historical PnL table of a successful option trader look like?

What does the equity curve of a successful consistent option trader look like?
 
Here's a graph of my closed PnL over about 13 months (since I started trading this particular strategy).

In this account I sell vertical spreads on stocks I like. They are $5 or $10 wide spreads centered ATM, 45 or 60 DTE.

Unrealized $ (22,795)
Realized $ 101,610
Avg Return 8.13%
Avg Days in Trade 24.45
Current margin $ 75,822
Positions Open 14

Total Trades 226
Pct Wins 78.76%
Pct Losers 21.24%
Avg Win 22.61%
Avg Loss -45.55%
Avg Return 8.13%


pnl.png


I'm probably not what you're looking for though. I'm just using option delta to leverage stock picks. I think that when most people talk about successful options trades, they're thinking about non-directional stuff, like these guys that buy straddles into earnings or the guys selling volatility premium or the like. Not my game, but I know plenty of guys that succeed there.
 
Thanks for the answers. I am inspired.

Darcymac you have an amazing record. I wish I could produce the same.

Sweet Bobby. What happened to you?
 
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Success is only defined by the trader himself, I would think. Obviously, consistently making profit is the minimum definition. However, I consider that fact I can trade single options and make double my daily wage in less than an hour a HUGE success. That is something that can change people’s lives dramatically. It’s no mansion and super car, but it’s more time with my wife and kids. I used to just tell myself if I could trade and make my wage working my second job at McDonald’s I’m F-ing killing it.
 
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