What Option Strategy Do You Use?

[Sergio123]

You trade like a pro, I am more amateurish, a one trick pony.

I think it's fine to be a one trick pony, as long as you can excel at that 1 trick.

Long before I was a trader, I was a martial artist. But I could never stick to just 1 sport or discipline. It's my M.O. to be more rounded and horizontally integrated.

 

[Adam777]

I trade the 1-1-2 trade in /ES. Buy a 50 point wide put debit spread at 129 DTE for about $10. Then sell two five delta naked puts in the same expiration.

Close the naked puts at 95% profit or at 30 DTE. Put on a new trade each week. After 15 weeks I close one trade and put on another trade.

Most times the put debit spread is a full loss at expiration. Occasionally, you get profits when price moves inside the tent structure. This has been a wonderfully consistent trade for me.

What's your drawdowns like, both with and without your hedge for the 120DTE 1-1-2?