Thetagang reddit

BTO 25 Mar 260p for $1.39ish (2 contracts)STO 25 Mar 270p for $2.37ish (1 contract) for a net cost of $0.98 ($0.92 is the mid as I look now on this exact trade). So the real cost is $92 per back ratio. If nothing happens and MSFT stays above $270 then it costs $92 to hedge your $30,000 investment of 100 shares.

Let me know your thoughts on it. It underperforms than just holding TSLA. I am [edit: NOT] going anywhere close this one. They don't own the actual TSLA stock, it's a synthetic ownership. Check out this video that came out a few days ago: Yield trap. It is a "no" for me. I trade tons of TSLA daily but don't want that.20 May 2022 ... Your performance depends on your strategy and there's no way to say what the best strategy is because every market environment is different. The ... Canadians interested in investing and looking at opportunities in the market besides being a potato. Discussion is geared towards investment opportunities that Canadians have access to, including questions regarding individual companies, ETFs, tax implications, index investing, and more! Theta has been one part of my effort to achieve financial independence, which I have written about in FIRE threads. This post documents my experiences with theta over 13 years, what my key lessons have been, and how I have matured as a theta trader. Theta is a hobby. The research and trades that I make are done outside of work, which …r/thetagang • I am a longtime employee of one of the big firms that executes retail order flow from the likes of you guys. I'll answer the top five upvoted questions after work today. Theta! Glad you’re green. Watch your risk - I have a strong suspicion you’re a bit heavy on it. This is great but I can guarantee you it's not theta that gave you 50% gains ;) That's mostly delta and vega. Common play would be about $10-15 spread, collecting about 1/3 that width. Probably around 30 delta for the short options. 45ish DTE. Close at 50%, or manage at 21dte, whichever comes first. The problem with employing Iron Condors on SPY right now is that the Implied Volatility is really low. Selling naked options can expose you to extreme risks, and to ignore it is simply reckless. It's more important to avoid a huge loss than to make a huge profit, because all it takes is one big loss on a trade to make recovering from it impossible, ending your career in theta gang.

Beat the capitalists at their own game with ThetaGang 📈. ThetaGang is an IBKR trading bot for collecting premium by selling options using "The Wheel" strategy. The Wheel is a strategy that surfaced on Reddit , but has been used by many in the past. This bot implements a slightly modified version of The Wheel, with my own personal tweaks.That is essentially an arbitrary back tested date. That is the date that TastyTrade has found to typically be able to offer that 33% credit for a 30 delta trade. They then put 2 metrics on that to manage. 1) 50% of max profit, you close the position. 2) At 21 DTE you close it (if profitable) or roll it out and collect more premium.IV can be low sometimes so you need many (preferably across many sectors). No more than 10-20 contracts at a time. No more than 5% of total account value at a time and more more than 40-50% buying power usage in total at a time. Although I do break these last two rules a lot. fenriswulfwsb • 2 mo. ago.Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. GDX, XLU, and XLF are 3 of my favorite to trade options with in general right now. Honestly, I'll probably just be trading SPY, ES, or SPX, etc when my account gets a bit larger. My 401k that's 100% SPX fund beats the pants off any options shenanigans I can come up with. I’m up 180% on pltr calls.

The phrase just doesn't convey the level of warning that a thickheaded smooth-brain from the other side of reddit needs to hear. Don't wheel stocks that you can't afford to have capital tied up in and don't mind ... I think a weakness of thetagang is that there is not much analysis of individual companies and macroeconomics going on. We talk ...Theta gets more interesting when you can actually afford assignment, but yes selling super way otm contracts at 6 months+ and just letting it age like cheese or an athletes foot infection is an option for me and I dabble.Learn how to use theta gang strategies to collect premium from options trading. Theta gang is a concept that capitalizes on the fact that the prices of options …the sweepers are part of the 4z which is an alliance between several sets made up of paybacc crips, 83 gangster crip, surprisingly 823 g stone crips, makk balla family, blood hound brims, sex money murder bloods o trendys, gorillas stone bloods and surprisingly they exist some patriaa sets that are part of 4z and Ygz, the sweepers claim OYk, they …Still plenty of downside but with the Q's down ~35% seems like a decent risk/reward. Personally I think all the indices are best used for neutral positions since the market has been trading in a relatively tight range. Iron condors, strangles, or straddles (if you're a real man) have been making bank lately. Edit: grammar. snipe320. • 1 yr. ago.Posted by u/bleakheat - No votes and 20 comments

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Maybe 3 or 4. Or you could lie and say you have a lot of experience with options and they let you have access to level 3. I literally did 2 call options in a day sold the next day to avoid day trade limits and I was approved the next time I tried to …2 Apr 2023 ... The idea that you should only sell premium is overly simplistic. You just have to understand the risks. There are more ways to lose money buying ...Added CSP exposure metrics to give you an idea of how leveraged you may be in total or in each position. Trading balance tab included. Input your daily closing balance and see your progress. a P&L options chart included. Most brokerages have this, but some don’t, it’s a bit crude but gets the job done. Enjoy. I sell almost all at 30 delta in general. 93% win rate. Up over 40% YTD just over 800 positions entered. Complex_Mention_8495. • 2 yr. ago. I am wheeling only for about 2 months with ~10k US$, which basically results in three legs. I am rather cautious selling CSP way below a Delta of 0.3. More in the range between 0.15 and 0.25. Theta has been one part of my effort to achieve financial independence, which I have written about in FIRE threads. This post documents my experiences with theta over 13 years, what my key lessons have been, and how I have matured as a theta trader. Theta is a hobby. The research and trades that I make are done outside of work, which consumes ...

Common play would be about $10-15 spread, collecting about 1/3 that width. Probably around 30 delta for the short options. 45ish DTE. Close at 50%, or manage at 21dte, whichever comes first. The problem with employing Iron Condors on SPY right now is that the Implied Volatility is really low. STO - MSFT PCS 2/18 $315/305. STO - NVDA PCS 3/18 $250/240. Closed PMCC on AAPL $120/$165 for a 41% total gain (including net credits etc) while the underlying was up 20% same time period. Happy days. Reply reply. TABid-5073. •. +2.75% today. Mostly from some naked calls on NVDA and TSLA. 10 Sept 2023 ... Anyone do theta strategies on futures? · There's no such thing. · Even if it was just the put (which can be cash secured), you'd have to be&n...That is essentially an arbitrary back tested date. That is the date that TastyTrade has found to typically be able to offer that 33% credit for a 30 delta trade. They then put 2 metrics on that to manage. 1) 50% of max profit, you close the position. 2) At 21 DTE you close it (if profitable) or roll it out and collect more premium.Finviz - Short Squeeze/ High Short Interest/ Stock Scanner. For those who may be unaware, there is a very easy way to scan for high short interest stocks (or any other stock for that matter) using Finviz and the "Screener" tab. Below is an example of what a basic scan could look like, feel free to tweak whatever criteria you want (technical ...If you use that premium to reinvest and sell options even more, yes, it’s a viable growth strategy. The problem is once people start to feel like they are winning consistently (like example, sell 10 delta and collect 0.05% on low IV stock), they want to risk it more (sell 25 delta to get 0.25% on stock that has a bit elevated IV), that’s ...Hi All, Looking for a recommendation on how everyone scans for companies to run the wheel strategy on (or any strategy to be honest). I know about finviz, barchart, etc., but I'm really looking for criteria you use to pick the companies to trade this type of strategy. I'm fairly new to selling options, mainly because I never liked trading stocks.1. SnooDonkeys4580. • 1 yr. ago. I don’t condone gangs or in a gang but This map is missing a lot of gangs around the neighborhoods in each borough for a fact ik this cuz in my section of Brooklyn has a gang called scs13 aka sur13 in Bensonhurst and a set of latin kings but their is also a lot of misinformation but it’s whatever 🤷🏽 ...

You might not like my advice. What I tell most people who are, say, less than 40 years old (yes that's young to me) is that if you only have 10 or 20,000 dollars to invest, it's likely the best investment you can make is in yourself (education, health, training, etc.)

Why is there this large spread between bid and ask on certain rolls? I expect that the answer is math, enlighten me on the hows and whys if you can! More than likely it is the Mar 15 is a monthly expiration date with more volume, and the Mar 22 is a weekly with less volume. More volume usually results in better liquidity and tighter spreads . . . Hi All, Looking for a recommendation on how everyone scans for companies to run the wheel strategy on (or any strategy to be honest). I know about finviz, barchart, etc., but I'm really looking for criteria you use to pick the companies to trade this type of strategy. I'm fairly new to selling options, mainly because I never liked trading stocks.Get the Reddit app Scan this QR code to download the app now. Or check it out in the app stores     TOPICS. Gaming. Valheim; Genshin Impact; Minecraft; ... We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 Members Online. Lost 30% of my portfolio (USD 25k) with the recent decline in market. ...Reddit, often referred to as the “front page of the internet,” is a powerful platform that can provide marketers with a wealth of opportunities to connect with their target audienc...We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 ... As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Our goal is to help Redditors get answers to questions about Fidelity ... STO - MSFT PCS 2/18 $315/305. STO - NVDA PCS 3/18 $250/240. Closed PMCC on AAPL $120/$165 for a 41% total gain (including net credits etc) while the underlying was up 20% same time period. Happy days. Reply reply. TABid-5073. •. +2.75% today. Mostly from some naked calls on NVDA and TSLA. Sell puts on fear? : r/thetagang. NYCB. Sell puts on fear? Bad ER this morning for this publicly traded bank. Some made money on this exact same scenario last March 2023 during the bank scare. Thoughts on selling puts in the $2 to $4 range? I bought a few calls as a gamble. Hi thetagang, love the content and trolling in here :) I want to ask you guys today what your (options) strategy would be for a $4m depot. I am currently testing the wheel strategy with stocks I would own. I am in my mid 30s and would like to live off the cashflow (and never work for money again) Thanks in advance guys! Sort by: If you use that premium to reinvest and sell options even more, yes, it’s a viable growth strategy. The problem is once people start to feel like they are winning consistently (like example, sell 10 delta and collect 0.05% on low IV stock), they want to risk it more (sell 25 delta to get 0.25% on stock that has a bit elevated IV), that’s ...26 Jul 2020 ... haha. SPX. Cash secured. I sell in the first 20-30min. When were at hard downtrend I sell the bottom and same with going up, sell the top. Aim ...

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BlackBerry said Monday that it wasn't aware of "any material, undisclosed corporate developments" that could rationally fuel its rally. Jump to BlackBerry leaped as much as 8.2% on...Reddit has joined a long list of companies that are experimenting with NFTs. Reddit is launching a new NFT-based avatar marketplace today that allows you to purchase blockchain-bas... Theta has been one part of my effort to achieve financial independence, which I have written about in FIRE threads. This post documents my experiences with theta over 13 years, what my key lessons have been, and how I have matured as a theta trader. Theta is a hobby. The research and trades that I make are done outside of work, which consumes ... If we enter low volatility environments then running theta isn't great. You should only be applying thetagang approaches on high IV stocks exclusively if you want good returns. Personally I don't do theta on any stock under 100% IV. This is the best way to get good results from thetagang approach. Hi thetagang, love the content and trolling in here :) I want to ask you guys today what your (options) strategy would be for a $4m depot. I am currently testing the wheel strategy with stocks I would own. I am in my mid 30s and would like to live off the cashflow (and never work for money again) Thanks in advance guys! Sort by: If a stock is oversold and you expect it to rise, utilizing a buy-write is a way to make LESS money than simply buying stock or buying an ATM call. Let's say a stock oscillates between 80 and 100. The stock is "oversold" and is down to 80. So you buy 100 shares of it at 80 and sell a 90 strike call option for a dollar or two.49,923,513. 4,497 M. 1.42. Edit: u/unoriginalUsername84 pointed out that some of the stocks didn't have options. When I filtered them in ToS I told it to list stocks with options expiring in min 0 to max 7 days. It took min 0 as meaning include stocks with no options. I believe it is fixed now as I filtered with min 1 to max 7. In order from best to worst based on how far down I am on the open underlying positions. BB, MVIS, PLTR, CLOV, VXRT, RIDE Selling CCs has saved my ass on these and my cost basis is still pretty close to the current share price. 6 Sept 2022 ... Technically with theta strategies you are looking at similar gains vs. ETFs, it's just that theta strategies let you have more consistent income ...9 Jan 2024 ... r/thetagang Current search is within r/thetagang. Remove r/thetagang filter and expand search to all of Reddit. TRENDING TODAY. Search for ...ThetaGang is an IBKR trading bot for collecting premium by selling options using "The Wheel" strategy. The Wheel is a strategy that surfaced on Reddit , but has been used …Gravity-Rides • 2 yr. ago. I don't know all the ins and outs of the brokers but I can tell you 1) Close all your spreads before expiration. 2) Close your positions if your short strike is breeched before expiration to avoid early assignment. 3) Make sure the contracts you are trading have decent volume and open interest. ….

205K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 If the 290 is assigned you’ll buy to cover and sell the long option for a profit. If assigned early at 290, then you sell the stock for 29000 (290x100). Market price is 29100 (291x100), so you lose 100 dollars BUT you have 600 dollars of intrinsic value from your 285 long call (29100 - 28500), so you will net (at least) 500.ThetaGang is an IBKR trading bot for collecting premiums by selling options using "The Wheel" strategy. The Wheel is a strategy that surfaced on Reddit but has been used by …The wheel is not meant to be a delta play, it is really a short volatility strategy which benefits from theta (as all short vol strategies do). You trade the wheel to collect the vol premium imbedded in options. It’s not meant to outperform buy and hold. If you want deltas buy calls, bullish spreads or straight shares.2- ARVL. 100 BBIG only costs 319$ right now, and weekly calls just out of the money have been going for 15-35$. Puts around the same. If anyone knows of a stock that you can make more than that in call premiums per week for that cheap of an entry point, let me know lol.Theta gang strategies are just option selling strategies. When you sell an option, your profit is the entire premium of the contract you sold. For example, if you sell an option contract that is trading for 3.45, your profit at expiration is $345. You receive profits as theta decay runs its course. Theta decay is the loss of extrinsic value as ...We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 ... As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Our goal is to help Redditors get answers to questions about Fidelity ...ThetaGang is an IBKR trading bot for collecting premium by selling options using "The Wheel" strategy. The Wheel is a strategy that surfaced on Reddit , but has …Even Akatsuki is 🔥, especially with Itachi and Pain. 2. n0limitt • 2 yr. ago. Much love to the spider but the greatest gang is definitely the Straw Hats imo. 1. lickety_split_69 • 2 yr. ago. Machi looks about 4. 1.20 May 2022 ... Your performance depends on your strategy and there's no way to say what the best strategy is because every market environment is different. The ... Thetagang reddit, 1. SnooDonkeys4580. • 1 yr. ago. I don’t condone gangs or in a gang but This map is missing a lot of gangs around the neighborhoods in each borough for a fact ik this cuz in my section of Brooklyn has a gang called scs13 aka sur13 in Bensonhurst and a set of latin kings but their is also a lot of misinformation but it’s whatever 🤷🏽 ..., 205K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 , Seems to my like a buy-write is just entering the wheel on step 3, which is a fine place to enter the wheel but of course it means not buying the underlying at a discount with a CSP (or never buying it at all and just infinitely profiting on CSPs)., 159 votes, 73 comments. 209K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌, 198K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌, Real estate is often portrayed as a glamorous profession. Real estate agents, clients and colleagues have posted some hilarious stories on Reddit filled with all the juicy details ..., ThetaGang is an IBKR trading bot for collecting premium by selling options using "The Wheel" strategy. The Wheel is a strategy that surfaced on Reddit , but has been used …, Theta Gang is definitely a solid strategy for generating consistent premiums in a range-bound market. Keep up the good work and may the Theta Gods continue to bless your trades! ... Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in …, To answer your question: depends on how risky you want to be, but more importantly how much capital you have. $1M would probably be enough to live off of for a long time selling options, assuming you're not being overly risky. You won't be living large, but definitely doable. Close to half way there myself!, I’ve been trading for over two decades and taken many courses on investing and technical analysis. I’ve used a lot of different indicators but I find the simpler you keep it the better. The ones that I mainly use is the trend lines, Rsi, Macd, and the stochastics. Occasionally I’ll look at others like the bollingerbands., Reddit's advertising model is effectively protecting violent subreddits like r/The_Donald—and making everyday Redditors subsidize it. Reddit has a problem. The website has always p..., The only issue is they will tell you cases where you should trade longer DTE and strategies for shorter DTE. All of the trades you mentioned can be profitable. Knowing when to use what and when to not trade comes from practice. Selling options can be a successful strategy, but has no inherent edge of being long. 7. , TOS is better in every other way. TW is actually $1.29 for options on most underlyings (more on SPX and others with higher fees), when you consider the fees. Normally $0.15 at open and $0.14 at close. The 15 and 14 aren't commissions, those are collected by options clearing house and the exchange. , With regards to RUT Index there are 2 types of options RUT monthlies and RUTW weeklies. From what I understand, RUT monthlies expire on the 3rd Thursday of each month, with the Settlement date being Friday (AM settlement). This means in this case RUT closed at 2274.52 today, but if you have a RUT 2265/2270 put credit spread for 10/14 that you ..., We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 ... As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Our goal is to help Redditors get answers to questions about Fidelity ..., The only issue is they will tell you cases where you should trade longer DTE and strategies for shorter DTE. All of the trades you mentioned can be profitable. Knowing when to use what and when to not trade comes from practice. Selling options can be a successful strategy, but has no inherent edge of being long. 7. , 10k to 100k in 5 months. 23k in deposits and 67k in steady profit from theta. After getting cleaned out from buying options I read a lot of the advice in here and learned how to effectively switch sides and sell options. First and foremost I recognize gains of this magnitude are attributable to the high IV environment we're currently in, and ..., 3 Nov 2023 ... Discussion. Update from this post: https://www.reddit.com/r/thetagang/comments/170yheq/15m_account_new_to_selling_options_any_advice_on/? ..., Added CSP exposure metrics to give you an idea of how leveraged you may be in total or in each position. Trading balance tab included. Input your daily closing balance and see your progress. a P&L options chart included. Most brokerages have this, but some don’t, it’s a bit crude but gets the job done. Enjoy., Seems to my like a buy-write is just entering the wheel on step 3, which is a fine place to enter the wheel but of course it means not buying the underlying at a discount with a CSP (or never buying it at all and just infinitely profiting on CSPs)., 205K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌, Bill Nye the "Science Guy" got torn to pieces for his answer on Reddit. So we did his homework for him. Apparently, this is a question people ask, and they don’t like it when you m..., Adjust the legs to fit your personal risk vs reward, e.g., move the long legs in to 5 point spreads vs 10. If you are ready, select all legs and place as a single LIMIT order= Iron Condor. It will fill after a few minutes, as the LIMIT order seeks the combination of costs to fill it. Notice the combined Theta on the fill. , Theta gets more interesting when you can actually afford assignment, but yes selling super way otm contracts at 6 months+ and just letting it age like cheese or an athletes foot infection is an option for me and I dabble., If a stock is oversold and you expect it to rise, utilizing a buy-write is a way to make LESS money than simply buying stock or buying an ATM call. Let's say a stock oscillates between 80 and 100. The stock is "oversold" and is down to 80. So you buy 100 shares of it at 80 and sell a 90 strike call option for a dollar or two., I’ve been trading for over two decades and taken many courses on investing and technical analysis. I’ve used a lot of different indicators but I find the simpler you keep it the better. The ones that I mainly use is the trend lines, Rsi, Macd, and the stochastics. Occasionally I’ll look at others like the bollingerbands., If you pick a stock you are bullish on and is volatile like SQ, AMD or S for example, you can sell weekly covered calls on them to make 2% or a little over that. Since AMD and S are cheap you won't even need much capital to buy the required shares. If you get 100% margin, thats double the gains. 4% a week translates to about 669% gains annually. , They recommend it based on experience and back testing. I personally find 50% to be too soon but that's just my experience. protoformx • 3 yr. ago. Minimizes tail risk. As DTE decreases, theta magnitude increases and you are also way more sensitive to whipsawing due to gamma exposure. 1PercentMax • 3 yr. ago., Common play would be about $10-15 spread, collecting about 1/3 that width. Probably around 30 delta for the short options. 45ish DTE. Close at 50%, or manage at 21dte, whichever comes first. The problem with employing Iron Condors on SPY right now is that the Implied Volatility is really low., 159 votes, 73 comments. 209K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌, The most effective way is to close your position, take the loss and redeploy your remaining capital/margin on a better position. Perhaps on a different ticker. Or let it get exercised. Rolling is a fantasy invented to help psychologically deal with a loss., 13 Jul 2023 ... You'll feel this kind of situation no matter what kind of trading you do because of the randomness of the market. There's always a big move ..., It’s called iron condor. Call and put credit spread. OG-chinatownbets. • 7 mo. ago. Started following @OnlySPXFans on Twitter who plays daily 0dte credit spreads on SPX. Starting to pick up strategy as it seems based on price action and trend. So I'll do my own analysis and follow along if I agree with trade.