[OC] I sell options for a living. Here is a glimpse into what a typical month looks like. My October performance. Submitted by ShallowNefariousness t3_z6vf28 on November 28, 2022 at 12:34 PM in dataisbeautiful 100 comments 159
Effective_Hope_3071 t1_iy3e5q1 wrote on November 28, 2022 at 1:20 PM Have you tried turning the wheel and noticed any difference in performance vs always closing before expiry/expiring OTM? Are you writing naked or all CSP/CC? What is the lowest amount of capital you can see being lucrative with this strategy on SPY? I'd like to theta gang but it's a big boys game. Do you only trade monthlies or a mix of DTE? Do you write legs and diagonals or focus on one position? That's a hell of a win rate in a turbulent market. Permalink 12 ShallowNefariousness OP t1_iy3nuk9 wrote on November 28, 2022 at 2:42 PM I do run the wheel from time to time just to switch things up but it's not a bread n butter strategy. I write a mix of strangles, iron condors, ratio spreads and butterflies mostly 0-1DTE as well as around 30-40DTE. Permalink Parent 3 Effective_Hope_3071 t1_iy3qrwv wrote on November 28, 2022 at 3:05 PM Gotchyea, mostly delta neutral capturing IV and Theta. Takes discipline for sure. Permalink Parent 3
ShallowNefariousness OP t1_iy3nuk9 wrote on November 28, 2022 at 2:42 PM I do run the wheel from time to time just to switch things up but it's not a bread n butter strategy. I write a mix of strangles, iron condors, ratio spreads and butterflies mostly 0-1DTE as well as around 30-40DTE. Permalink Parent 3 Effective_Hope_3071 t1_iy3qrwv wrote on November 28, 2022 at 3:05 PM Gotchyea, mostly delta neutral capturing IV and Theta. Takes discipline for sure. Permalink Parent 3
Effective_Hope_3071 t1_iy3qrwv wrote on November 28, 2022 at 3:05 PM Gotchyea, mostly delta neutral capturing IV and Theta. Takes discipline for sure. Permalink Parent 3
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