So on a side note ... What good are prob ITM and OTM if no one seems to care what they say or mean anything at the time of purchase
Any Choosing Confidence Intervals videos that you'd recommend? There's tons out there... Also I'd agree .. going off P(ITM) or P(OTM) the market...
So are you saying 10D is too far OTM? If something happens I don't have much wiggle room to help myself?
Not sure on probablity of the above happening unless you were in a crazy high volitile trade... Or your spread was not very big... But at 10...
Ya I think his math was off on accident ... Its all good I know what he meant .... Hopefully haha. So SPX you can't excercise early so that...
So you're saying I just buy 2 sigma options and I'm a winner ? :wtf: I'm gonna try this. Talk to me about Iron Condors ...
Yes .. and that is why I'm not doing 9:1 ... 1:4 is about as risky as I'll go ... I've been trying to stay heavily in the ~30D range ... But not...
Maybe the past couple weeks with earnings beats all over effected more than normal... It was making wild $1-1.50 jumps at different times for some...
Good to know ... But any thoughts on OP? Also how long you been trading SPY?
negative expactancy ... where did you see that? I looked into SPX, but when I got ~60D out ~10 delta, I am looking at a 1:9 ratio almost for the...
Anyone else out there trading SPY as one of their mains? I took a beating the past few weeks on it ... first time with SPY through the major ER...
When closing out iron Condors I was curious ... If I close one side like the call side if it is up money ... Do I have to close out the puts yet?...
I use Ameritrade ... .65 per contract on open and close seems reasonable to me ... Plus their platform is super easy to use ..
"It" is the SPY price ... I got in just below 301 [ATTACH]
Ah I see. So this takes into account the probability of it hitting ITM based on current info and changes the P/L to match that probability? So if...
Does break even only apply on the last day when the option expires? The below has 4 days left and I'm down ~150. How do I take into...
Well not looking for a right answer ... Was curious what others thoughts were on to compare to mine. Always room to grow and adjust for new...
Curious as to what you guys use for a good trade in your book on profit to loss ratio. I stick to about 5-10% total account for max loss so my...
Ya they are getting close to being ITM ... At the moment I'm about $60 green out of a max $155 profit. I'll probably be closing tonight when I get...
Ya that makes some sense ... Thanks for that.
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