Thetagang reddit. Finviz - Short Squeeze/ High Short Interest/ Stock Scan...

28 Jul 2023 ... Don't fight the trend. if the market

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 ... 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. 159 votes, 73 comments. 209K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌There's a <a href=\"https://hub.docker.com/repository/docker/brndnmtthws/thetagang\" rel=\"nofollow\">prebuilt Docker image\nhere</a>.</p>\n<p dir=\"auto\">To run … 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 . . . 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... 205K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 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! 208 54. u/NELA730. • 19 hr. ago A real gang would bust at crooked / racist cops and stop gentrification. But instead yall snitching begging to be on no jumper and get no money. Respectfully 79% of gang members are broke and harm their own kind. ….respectfully elaborate. 38 54. u/sliminshitdown.Theta gang strategies. If you’re an r/wallstreetbets regular, you’ve probably come across some of our fallen fellows who lost money from options trading over a long …These numbers only work out when you have a high enough win rate. Do an expectancy calculation to make sure this works: expectancy (avg return per trade) = (avg win) x (win rate) - (avg loss) x (loss rate) Also, do not use stop limit orders on spreads. You will get bad fills and you will exit at losses prematurely. The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Python programming language. If you have something to teach others post here. If you have questions or are new to Python use r/learnpython 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. 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.Track your cost basis. Tracking your cost basis is easy now with the THETA GANG Tracker. Built by option trader Joonie, for option traders. Free-to-use and ad-free because of supporters on Patreon. Write in to [email protected] if you'd like a chance to show up here! A stock and options trading community logging their trades to share ideas ...What are the Theta Gang strategies? Came across this sub from r/options and am curious, what exactly are the Theta Gang strategies? Seems people are posting mostly about … 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 . . . You’d be over allocated and a down move in SPY would wipe your account. Also, a long call has a lot of extrinsic that you’ll bleed. If you were to open a backspread with around 100 deltas and minimal extrinsic on SPY, or sell an ATM put and buy an ATM call, it would be more like $8k either in debit or capital requirement. r/thetagang. What do you guys think of Mr. Domm's safe wheel strategy? Youtube Link. He applies the collar strategy but with two additional puts. He buys three long-term puts and trades the wheel strategy using near-term options. The goal is to sell enough premium to finance the long puts. The put also act as a hedge to protect the portfolio if the stock falls.6 Aug 2022 ... r/thetagang Current search is within r/thetagang. Remove r/thetagang filter and expand search to all of Reddit. TRENDING TODAY. Search for ...A friend of mine beat the market by a decent margin from 2010 to 2018 until the VIX spike where he wasn’t just hedged but primed to take advantage of a vol spike and had a great rest of the year, struggled to beat the market reliably during the “trade wars” in 2019 but still made a decent return, made a killing in the 2020 drop, horribly timed the recovery just a …If you need help with that I created an Options for Beginners guide that really breaks down the basics of options contracts without getting too overly technical. Here are the 4 popular theta gang strategies I’ll cover [Click to Skip Ahead]: Put Credit Spread. Call Credit Spread. Naked Puts / “The Wheel”.We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 ... The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Python programming language. If you have something to teach others post here. If you have questions or are new to Python use r ...Selling CSP on SPY 383 strike collects $1094 in premium on around $38,100 of capital = Percent of Capital 2.87%. Selling ATM Put on /MES with cash in account equivalent to notional value, so around $18,800. This would collect $616 in premium = Percent of Capital 3.28%. Selling ATM Put on /MES with $9,400 of cash in account = Percent of Capital ...ADMIN MOD. I’m debating just moving everything into TQQQ. I’ve been theta-ganging for about 2 years now. A lot of the standard wheel stuff but mostly holding shares of good companies and selling CCs for premium. I used to have a ton of LEAPS with CCs sold against them on a bunch of different companies, but right now my entire portfolio is ... High IV Tickers List. *Some of the market cap data is off, so always double check before entering any plays! Ticker. Market Cap. Stock Price. IV (%) RIOT - Riot Blockchain... 4.82B. $71.84. 30 delta isn’t part of the tasty best practices. That’s a thetagang thing, mostly directional put sellers. 30 delta is 1/2 of a standard deviation. TT usually recommends 1 standard deviation, which is around 16 delta. TT is more about delta-neutrality and probability. Thetagang is “I sell CSPs cause it seems like the cool thing to do.A good mindset for the wheel is rather than buy a stock at $50 for example, an investor might set a buy limit order for $45 and wait for it. Theta gang could sell a $50 put and collect $500 and the investor and premium collector would have the same cost basis for the underlying. Theta and theta decay are the core of any premium selling strategy. Pretty much any trade I make has the amount of theta and premium I collect in mind. A simple method I use is to make trades based on the credit received. A $10 wide put spread should collect around $150 for a month. I’ll include indexes too. Mine in no particular order are GOOG, AAPL, MSFT, GME, and SPY. What are yours? I should probably diversify a bit, I tell myself to be involved in different sectors but at least SPY covers a lot (though also heavily weighted with those first 3).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 ...For a 10-point wide spread the pricing on it was actually better than the price of a 10-point SPY or XSP spread. i.e. I just looked at 17 Jun (42dte). The spy/XSP 375/365 ps was around 1.31-1.35. The SPX 3750/3740 ps was around 1.45. Same $1000 of capital, same over/under line, but a higher premium on SPX, plus the better tax advantage.45 DTE credit spreads vs weeklies. So I’ve done my fair share of credit spreads being mostly 7-9 DTE and and I had close to a 70% rate of success doing mostly put credit spreads on aapl spy amd. However the approximate 30% of losers which were not managed at that time were significant and ate up a huge chunk of those profits.High reward takes high risk which can cause losses or wipe out an account in time. Expect an average of 10% to 15% per year. If you start with $1M then you can make as much as $100K to $150K per year. If you start with $20K then it will take a loooong time to “get rich” . . . 24. drj1485 • 6 mo. ago. Step 2. Go to Setup -> Calculations -> Volatility calculation method, and select "Fixed volatility per expiration date" as your method. The default is "individual implied volatility" which gives each option's value it's IV based on it's mid point price. It's useless when options are illiquid and $0.00 - $5.00 wide with zero volume. 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.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...Track your cost basis. Tracking your cost basis is easy now with the THETA GANG Tracker. Built by option trader Joonie, for option traders. Free-to-use and ad-free because of supporters on Patreon. Write in to [email protected] if you'd like a chance to show up here! A stock and options trading community logging their trades to share ideas ...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. Step 2. Go to Setup -> Calculations -> Volatility calculation method, and select "Fixed volatility per expiration date" as your method. The default is "individual implied volatility" which gives each option's value it's IV based on it's mid point price. It's useless when options are illiquid and $0.00 - $5.00 wide with zero volume. Just weekend musings. How long do you think will options selling remain profitable for retail traders? Will markets become efficient to the point…We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 ... The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Python programming language. If you have something to teach others post here. If you have questions or are new to Python use r ...We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌. Please be civil in your discussions, no WSB language or swearing allowed (automod watches your …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.Sort by: Add a Comment. MichaelBurryScott. • 3 yr. ago. Yes, there is no issue in letting SPX options (long or short) expire. There is no assignment risk nor AH movement risk. It's all gonna settle to cash. The only case you might be careful with is AM expiry. No massive risk or anything, just the settlement price will not be determined until ...4 Feb 2024 ... You sell options when implied volatility is higher than will be realized. Of course nobody knows how much vol will be realized, so you have to ...The theta burn in the first hour never seemed worth the risk of having to take a loss on a day that I could have otherwise just picked direction properly. Usually didn’t hold past mid-day, but tried a few times. Sometimes it bit me, sometimes it paid off. Stopped playing with fire and stuck to mid-day close. Recently, with the daily whipsaws ...Iron Butterflies (Jim Olson) Hey guys, recently I read about a 0DTE SPX Short Iron Butterfly strategy developed by someone named Jim Olson. I saw quite a few people referring to him on Reddit posts after some googling but can't seem to …The covered call has a Vega of about -0.04, but the PMCC has a positive 0.05 Vega. That means we want IV to go up instead of down. Positive Vega trades are rare for Thetagang strategies, because they typically come with negative Theta. PMCC's are one of the few exceptions that has both positive Vega and Theta. Not only that, but they can be one ...The u/Theta-gang community on Reddit. Reddit gives you the best of the internet in one place. jump to content. my subreddits. edit subscriptions. popular-all-random-users | AskReddit ... Theta-gang 74 post karma 1,730 comment karma send a private message redditor for 2 years. TROPHY CASE. Two-Year Club. Verified Email. remember me reset …Here are some helpful Reddit communities and threads that can help you stay up-to-date with everything WordPress. Trusted by business builders worldwide, the HubSpot Blogs are your...I guess if I had to make an analogy for this it would be weeklies are like shooting a free throw in a basketball game late 4th quarter whereas 30-45 DTE is like shooting a free throw in the 2nd quarter. In the end they are both worth the same (1 point) but the pressure and perception of importance is higher with weeklies.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.I'm bull gang atm and haven't been making much progress. I can see the light that theta gang is the way. Small consistent gains. 2-4% a week for a… 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. The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Python programming language. If you have something to teach others post here. If you have questions or are new to Python use r/learnpython Forget credit spreads, diagonal spreads, iron condors, and all that often complicated jazz. The absolute best and simplest theta gang strategy, in my humble opinion, is The Wheel. But I'm going to argue for a very specific version of …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!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 ...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.Will like to spend under $500 for the 100 shares. Sundial is $1.35 now so 100 shares will cost $135. $2.5 Calls an expiration of the 26th will give me a premium of $18. (Take 8 times to make my money back) Same call expiring on the 1st will give me a premium of $23 dollars per contract. (Six times to make my money back)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.In today’s digital age, having a strong online presence is crucial for the success of any website. With millions of users and a vast variety of communities, Reddit has emerged as o...Just weekend musings. How long do you think will options selling remain profitable for retail traders? Will markets become efficient to the point… Track your cost basis. Tracking your cost basis is easy now with the THETA GANG Tracker. Built by option trader Joonie, for option traders. Free-to-use and ad-free because of supporters on Patreon. Write in to [email protected] if you'd like a chance to show up here! A stock and options trading community logging their trades to share ideas ... Will like to spend under $500 for the 100 shares. Sundial is $1.35 now so 100 shares will cost $135. $2.5 Calls an expiration of the 26th will give me a premium of $18. (Take 8 times to make my money back) Same call expiring on the 1st will give me a premium of $23 dollars per contract. (Six times to make my money back)I'll give a rundown of three approaches, and let you make your own conclusions on what strategy best fits you. Weeklies: selling options expiring within a week, (0-7DTE [Days To Expiry]) 30-45 DTE: popularized by tastytrade, selling options that expire 1-1.5 month out. LEAPs: 1 year or longer to expiry; Let's benchmark..I've only been theta gang for a little while post covid albeit with a big account so take this with a huge grain of salt but one way I try to look at things is through contract volume. I always try to see where other people think the market is going by the amt of contracts on a given strike on the call or put side, and try to follow the herd.We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 ... The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Python programming language. If you have something to teach others post here. If you have questions or are new to Python use r ...These numbers only work out when you have a high enough win rate. Do an expectancy calculation to make sure this works: expectancy (avg return per trade) = (avg win) x (win rate) - (avg loss) x (loss rate) Also, do not use stop limit orders on spreads. You will get bad fills and you will exit at losses prematurely.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's my experience with short term SPX spreads. T4 days ago ... typically 45 DTE with exit around 21, but i'll ADMIN MOD. I’m debating just moving everything into TQQQ. I’ve been theta-ganging for about 2 years now. A lot of the standard wheel stuff but mostly holding shares of good companies and selling CCs for premium. I used to have a ton of LEAPS with CCs sold against them on a bunch of different companies, but right now my entire portfolio is ... A website’s welcome message should describ 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 …Wheel. I haven't traded the wheel since few months ago, I'm going to allocate some capital for it in the next few weeks, here's my small list of stocks under 100$ for now: AMD. UBER. TWTR. Wheel. I haven't traded the wheel since few months ago, I...

Continue Reading