Jumped the gun on /MCL and consistently selling strangles as IV creeps higher. 60puts 90 calls at 43 days. Down about $3 by averaging in and rolling up. #lizjny
@LIZJNYshow jumped the gun on /MCL and consistently selling strangles as IV creeps higher. Now at Full size, 4 lots 60puts 90 calls at 43 days. Down about $3 by averaging in.
Locked in SPX calendars today after a losing streak. Went from -10% to +22% overnight with 3DTE. Took advantage of the vol to get back into an IWM strangle and PACW Jade lizard between halts 6-4 for 2.25. Max risk 1.75 on delisting. Easy 14% on 1.75 with a chance for bigger pay.
Oof. Lowest VIX close in 52 weeks. Bad day for calendars. Taking my loss and re-establishing. Gave back 30% of the houseโs money, but doubled down with VIX at the lows.
@realInfantryVet@bradfordwillis@ianmiles He same logic should apply to the thief. The thief is responsible for stealing the car. He put himself in the position where he would be confronted by police. Donโt want to get shot? Donโt break the law. Simple.
@jschultzf3 Calendars got crushed so Iโm doubling down and buying more. VIX hasnโt closed below 17.81 in 52 weeks. Playing with house money so swinging for fences.
@FitKrisMN @Michele_Tafoya America isnโt a democracy, itโs a constitutional republic. Thereโs a difference. Democracy is strong government that imposes imposes subjective equality. A constitutional republic is minimal government and gives citizens freedom to make their own choices; right or wrong.
Finished setting up SPX calendars. Calendar every 50 pts from 3800-4350 for $1750. Today bought $25 wide Iron condor for $50 to remove risk. Any Vix 16+ is profitable. $1250 here at VIX 19 and +$4k with Vix 25+. Placed on Tastytrade, charted on TOS.
@WeVsWEF@BandiShreyas You can buy a home and get a deduction for designating part of it as dedicated for home business. Ie buy 2500 sq foot home and claim the basement as an Etsy store. My wife worked for a guy that operated a print shop out of his basement. Check your state/ local laws. ๐
@jaded_lizard I painted 3825-4200 with calendars every 75 pts for $10.6. Would have gone every 50pts, but VIX was 24 at the time. Still, up a $0.25c. May roll to the 50s for some mean reversion in VIX.
@JohnSLombardi @TraderMikeyB@tastyliveshow Roku put the fear of strangles in me. There was no hedgeing the latter half of 2020. Since then Iโll only strangles an index.
@Options_Degen @jschultzf3 Iโm banking on a theta/ delta play. With this high gamma just a few points higher will cook the puts. Plus if weโre tested we can roll through earnings for a chunky credit.