A complex strategy for just the same 1 ticker only

Discussion in 'Strategy Building' started by earth_imperator, Apr 18, 2023.

  1. Looking for building a strategy (for auto-trading via API or semi-auto-trading, ie. with human assistance) that concentrates on just the same 1 ticker only for say the next 2+ months or so.
    Rationale for just 1 ticker: to better concentrate on this 1 ticker only, to study it fully.
    The strategy should make use of some of the Option Greeks.

    Something like in the TDA article "Scalping the Gamma: Dynamic Hedging of Option Positions".
    There the decay of the value of the LongOptions gets hedged dynamically. Sounds interesting IMO.

    That strategy there is intended for a MarginAcct only. But I need a similar one for a CashAcct. CashAcct can use any construct (stock and options combinations) except StockShorting, as this is not possible in CashAcct. ShortCall is possible only in conjunction with LongStock (ie. as CoveredCall), and ShortPut is possible only with Cash amounting to strike minus premium (ie. as CashSecuredPut). Other than that, LongStock, LongCall and LongPut is no problem. Of course it can make use of any synthetics if it's doable in CashAcct (s.a.).

    Any ideas/tips?
     
    Last edited: Apr 18, 2023