Thetagang Strategies - Best Options report for 4/5/2023 : r/thetagang.

You trade the wheel to collect the vol premium imbedded in options. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 Daily r/thetagang Discussion Thread - What are your moves for today? Discussion Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. This community is devoted to the teaching of strategies, trades, resources and lifestyle that help traders become consistently profitable. Fortunately, there are several strategies you can employ to maximiz. Palantir, Tilray (MSOS), PayPal, SnowFlake and Roblox. It’s a lot to learn especially with a small account but don’t get discouraged after a bad trade or two. Dating is fun, but it gets expensive. With theta gang strategy, you are likely to get 20/30% year at best (which nobody should crap on), if you choose the right tickers and implied volatility remains above 30%. While the more prudent traders allow for margin requirements to double, they mistakenly look at maintenancr margin and not at initial margin. It is delta neutral and long theta and short volatility. There are still thetagang strategies that will work well, PMCCs, credit spreads, and iron condors chiefly. Assemble a party of champions and master the art of Formation Strategy. They're going to be a part of your strategy if you are a real Wall Street Bets player. And novice traders are guilty of all of it. Get assigned and stock drops to 35. Like any delta neutral strategy it’s only delta neutral while the price doesn’t move much. Same $1000 of capital, same over/under line, but a higher premium on SPX, plus the better tax advantage. Noticed everything is default to FIFO but the way the market has been raging on this year, feel like that might not provide the most. If I had 4m in cash, I’d just let fidelity manage it and go retire. The low probability has positive expectancy and high probability negative is generally false without further specifying the trades. Some people are asking about it so not going to be able to post all my positions since this was a long time in the making but tl;dr switched from yolo calls/puts to a 100% theta gang strategy for about 1. Basically you're forced to close your strategy at the worst moment. and hopefully get some move/time in my favor and then add the other side. ) It will also increase the amount of trades; as you will trade more frequently which means your trade entries are completely. Sell credit spreads with 20%-30% of margin power. I'd say $3000 is about bare minimum you should have if you want to get started on the wheel, but again with $1000 you could pull off a PMCC on some stocks. Can thetagang help salvage the remaining?. 00 credit and take profits based on 15 minute range price target (wish I could show a pic of my trading view but the indicator is free. You will know exactly how much you gan gain or lose going in. 0-DTE - Unmasking the High Probability Strategy Myth. This strategy focuses on options’ time decay and the premium that option sellers collect. I sold a 6/16 META 140 call a while back. Before planning an efficient Cal. If you are do not have any idea what I am talking about, you should first read up on the basics of options. A few of us have recently learned that short strangles are a bad strategy in low IV environments. I was thinking otm puts and calls but if the stock stays the same I can’t be hedge. Made by Option Sellers, for Option Sellers. The whole video is about managing at 50% but that slide alone speaks volumes. Delta is decaying over time (charm), and the option becomes more and more worthless, so the decay rate slows down. There’s a common misconception that theta decays most from <45 DTE, but thats only true for the 20-30 delta options that theta gang specializes in. Learn how to implement yours here. Bad entries, buying shitty speculative companies, poorly set up options trades, selling under CB for bigger premium, etc etc. Out of the money options don't decay the same. In today’s digital age, having a strong online presence is essential for businesses to reach their target audience and drive engagement. It is an options strategy - you need to collect premium to make money. ADMIN MOD 13 Years of Theta - My Results & Observations. I have been doing 45-60DTE -+ 5~7% double Broken Wing Butterflies with more focus on harvesting theta decay difference between nearer 1x long and middle 2. Hey everyone, I have 7k in a Roth account and have 1k liquid to invest in options. I think selling puts at the $5/$6 strike two to three weeks out is the play here. So it depends a lot how you equip them. This is one that I harp on a lot. I realize VTI doesn't have the best options chain for various reasons, but this is what I. The major index ETFs are great for trading, but they currently have the lowest IVR I can recall seeing. This will give you a linear theta curve. Imagine you sell a covered call. With a comprehensible log of their trades, you'll have access to real-world examples to help you improve your own trading skills. Give it some time and learn more about it. demilled parts kit Theta actually decays pretty rapidly from 60-90 DTE for the lower deltas. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 Members Online • TradingBulls07. The wheel is NOT a bullish strategy and that is why you think it under performs buy and hold. Are you eager to dive into the world of chess and start playing right away? Look no further. I love the old tastytrade videos from 2013 where they were first introducing the content. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 ANSWER: What most traders lack is someone to give them the confidence when things don't go their way with a given strategy, this can make a day and night difference in a traders results!. Calendars work on boring stocks like T and IBM. But since that only really resulted in me having a lot of stocks to write CCs on, it wasn't a big deal. In other words, you can be right even if you’re wrong. Investing is supposed to be simple. link/kamikaze Strangles have proven …. That isn't a thetagang strategy, its WSB in disguise. 50% equities (no CCs) and 50% bonds (margin collateral for short puts, sell bonds on assignment). Cribbage is a classic card game that has been enjoyed by millions of people around the world for centuries. I wanted to ask for opinions in regards to my current situation. A 110% total return over 5 years. Will like to spend under $500 for the 100 shares. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 The other strategy would be to move an increasingly higher percentage of your portfolio into higher yielding short term notes as the rates are increasingly inverted, as in when the these yields, like 3-9 months, are higher than longer term yields, 5-30. Most days, the move is within 1 standard deviation and the r/R looks pretty good. I've set a relatively conservative goal to develop passive income and it's worked for January and most of February, but because of my high trade prices within my portfolio, I'm not sure I'm going to be able to enough premiums to make it worthwhile. com, a trading forum run by professional traders. Business, Economics, and Finance. The objective is to do it for the nearest possible expiration at no cost. Grats on finding what works for you, my aggressive high risk theta strategies is buying shares of a high IV stock and selling ATM calls for the juicy premiums Ex sndl sold 33 covered calls for 0. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 But if we're talking what is the most cost efficient strategy for credit, yeah, I'll agree Iron Condor's are not the winners there. 5 delta call) and am confused about how it achieves stock replacement. Could also be measured as the $3 in extrinsic value over the value of the call option ($37 / share underlying vs $30 strike, so $7/share intrinsic) That in turn means I earned $3 while risking $37. Just a caution try to move to rusk defined strategies. Calendar spreads or ratio spreads are preferable to me, I'm really not very directional in my trading. They pretty much are all shitty penny stocks. (Six times to make my money back). I'm interested in opening up a Roth IRA for mostly thetagang strategies. I was wondering what specific strategies ya'll employ to find theta plays. 01) expiring in 2 years may be more profitable and less time- and energy-consuming than wheeling that stock in the same period. I am thinking about playing the theta strategies for SPX. (35¢ roundtrip on an iron condor (8 contracts)is $2. If I sell the 12 May £7 call the following week I estimate I will get around $100-120 if IV stays higher. Opening: Open 30-45 DTE IC on SPX with 12-16 Delta short legs and long legs with strike prices 10-20 dollars away. Sep 23, 2020 · Theta Gang Option Strategies. All of it should net for a credit. notti boppin death video They talk about having one of these on once in awhile, like you would do a small earnings trade. I am fairly new to the process of selling calls, as I have mostly been buying call/put options for the last few years. Your total profit/loss is -40+38+1. Any other good filters to use? TL;DR - This strategy is used to purchase a stock just before a company offers …. For example, if you were selling close to the money puts and calls based on the direction of the trade then your results would probably be comparable to any regular folk trying to buy and sell options. The second half of the basic Theta Gang strategy: the Cash Covered Put. The maximum loss becomes limited. 05 and the August 100/115ps for $1. An idiot's attempt at Gamma Scalping - help me understand why this isn't sustainable. For a bearish thesis selling call credit spreads is a strategy to consider as naked calls have significant risk and require high level accounts. In the guide he mentions he has a portfolio margin account which is only accessible to those with at least $100k net liq or even more at most brokers. 1000% rolling puts is better than getting assigned and selling calls imo. Buy 1 put at like 30 delta, sell 1 at 20 delta, and sell 2 at like 10 delta. I own a dozen other TSLA puts ranging from $650 Jan 2022 to $1,000 June 2023. Having said that, the tasty trade guys give a lot of talks around what makes a good iron condor play, and for the most part you’re looking for a stock with high IV rank, high liquidity on the options, and enough premium that you can collect 1/3 the width of your wings in …. Here’s one that doesn’t pop up often : Tradier. Stocks played over the year: …. First the wheel is easy to understand from a buy and hold perspective. ThetaGang is an IBKR bot for collecting money. Now you may believe that the model used is incorrect and/or one or more inputs to the model is incorrect. 2- not decrease by more than the premium of the put+call. Overall, it appears to me that the juice might not be worth the squeeze. The Repair is a 1x2 ratio spread per 100. First of all, selling ATM/ITM puts with the intention of getting assigned is not even close to a good idea for wheeling. com if you'd like a chance to show up here! A stock and options trading community logging their trades to share ideas and learn from each others mistakes. com and was linking correctly there, apparently its broken on new. In a separate trading account, I have been running a systematic trend following system on a wide range of futures. I close CSPs at a 50% profit to open a new one as this avoids early assignment and gamma risks, plus keep trades moving as some can drag on to …. In today’s competitive restaurant industry, having an effective marketing strategy is crucial for success. ) From this perspective, this strategy is not much different from B&H just that it. Find a company today! Development Most Popular Emerging Tech Devel. They are short Theta by selling option contracts as their strategy to profit from option buyers as time value decays and the option eventually expires. It limits the return of the portfolio to a specified range and can hedge a …. You might be able to hold your positions through market volatility, but if your options expire you won't be able to open new ones. most theta strategies are considered to be around 10% - 30%. $1k initial investment an impressive 15% YoY return after fees and taxes 5 year result: $2,100. How do you get ahead of their judgemen. As an example, one of the most common thetagang. Anchor your short positions at between 16 and 30 delta. Sometimes rolling for a debit to beneficially adjust things can be the better option than rolling for a credit but having a worse position. Although I do break these last two rules a lot. Please be civil in your discussions, no WSB language or swearing allowed (automod watches your language on this sub). Enter: thetagang - so I've set aside $2. I run a systematic short strangle strategy on 22 CME futures options. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 It feels so bizarre when I was thinking of placing a trade based on the strategy, because the strategy is almost literally the opposite of what I’m used to thinking and doing for the past two years (and my P/L the last two years has been shit). 35% of the time, and an additional 1. Now for the trade strategy I try to stick with. After a year, I'm up 312% from my original stake. The SPX 3750/3740 ps was around 1. Rolling down and out is better, as long as you can do it for a credit. That’s pretty much the strategy. 40K views 1 year ago Theta Gang Strategies. The average trade length was 10. What are the Theta Gang strategies? The wheel. View major's THETA GANG profile and trading history. Don't give up if that strategy doesn't work on a few trades. super popular strategy, would definitely recommend especially at these frothy valuations. Having big gaps on your resume can feel embarrassing—you know the person reading it will take note, and probably will consider it a negative. 00 debit, you are still profitable on the position. More than 100 million people use GitHub to discover, fork, and contribute to over 420 million projects. This is how much vol the option is pricing in. Only a small part of it is in scope for r/Thetagang. OTM options have a decelerating decay rate because they are constantly rolling down the probability curve. Oh, I should buy when it's low and sell when it's high, didn't know it was that easy!. Did it on a $9 BB in April, closed for +$10 itm then rolled out 2 weeks to the $8. What strategy is better? Iron condor or wheel? Short Strangles. Please be civil in your discussions, no WSB language or swearing allowed (automod watches your …. The whole concept of LEAPS may be counter to the principles of Theta gang but would you correct my theory that given a stable stock like AAPL, SPY, MSFT, investing in deep ITM LEAPS (with Delta >. It was working like a charm while the IVR was below 15ish. If you do it right, you can spend a very small debit or break even to adjust. But trading these is very different because the consequences of an unfavorable market are magnified so diversification and closing losing positions are more important compared to just running the wheel. Does this kind of policy go with the r/thetagang strategy. The premiums on qqq are not great. This bot implements a slightly modified version of The Wheel, with my own. I'm going to have to go look it up. Sell the shares short to hold -100 shares, then sell a put that if assigned +100 shares covers the position. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 Members Online • You mentioned 'no naked strategies' so that prevents you from getting majorly screwed over, that's good. Try to keep shit posting and bragging to a minimum. So if you sell a put at $40, collect $1. madison alworth curly hair Sell 3 contracts of the SPY, $485 put, of 5/17/24 (a monthly expiration), receiving a $2. What are some strategies I can lift the profit to 0. Hello Theta Gang, Has anyone on here just ran an iron condor on SPX as wide as the expected move (1 ST Dev) of the day? I guess if you wanted to be more risky you could even run a strangle as well (I like defined risk though). easy stoner trippy mushroom drawing Theta and theta decay are the core of any premium selling strategy. The strategy which requires 100 shares is the wheel (cash secured puts) and TastyTrade doesn't recommend this at all. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 Members Online. I would appreciate both positive and/or "constructive" feedback from the gang. The spy/XSP 375/365 ps was around 1. So I'll do my own analysis and follow along if I agree with trade. Selling naked puts can offer more flexibility and are more efficient with lower buying power than CCs, so these do work different in real life trading even if the graphs look the same. In other words you would protect gains at no cost to you. All my trades are logged on thetagang. I would say selling cash covered puts then rolling the trade or wheeling it and rinse and repeat. No "professional" option seller even considers "the wheel" as an option selling strategy. If you have ADHD, you may have trouble sitting still, but there are ways to harn. With so many dining options available to consumers, it’s important for re. Could a Groupon dating strategy help? Or is that just tacky? One man tested it out. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. I employ different strategies at different times. When one side is tested, roll the other to the same …. The back-of-the-napkin theta calculation is to look at the premium you received and divide it by the DTE. Amzn will touch 80 and 120 in the next 3 years. If you are doing it on a covered call, it becomes a collar. My take: After having looked at this trade a little harder, I'm. Put on about 10 CSPs per month since, havent been assigned yet which I understand is quite lucky, I'm selling 20 delta 30-45 DTE, and keep 50% of margin in cash. When you have the condor, that offers you upside and downside protection versus a strangle or single OTM option. Net delta is 84, with downside protection until more than 6% loss, infinite upside after 3% gain in the underlying. An increase in the risk-free rate makes a put option less valuable, meanwhile, the risk-free rate can be captured by exercising, shorting shares, and investing the cash at the risk-free rate. Theta Gang Strategy #2: Writing Cash-Covered Put Options. In today’s digital age, having a strong content marketing strategy is crucial for the success of any business. Yeah there’s no tax implications for trading within it. Did some research and was looking at selling both at 1 standard deviation. It limits the return of the portfolio to a specified range and can hedge a position against potential volatility of the underlying asset. These options are less affected by changes in IV, and the impact of IV crush is less severe. Just look at Examples of AMD mooning from …. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 ADMIN MOD I'm looking for a thetagang discord or other community to learn from and be apart of. The max profit of a short straddle is the initial credit collected, while the max loss is theoretically unlimited. This strategy is best for when you expect a slow recovery that will end up at least somewhere between the strikes. If you don’t know what time decay is, it’s basically the underlying principle that dictates that If all other variables are constant, an option will lose value as time draws closer to its maturity. I took a course and first learned to trade futures and was taught a lot of advance strategies. Discussion Title says it all, I’m thinking PLTR, RKT, and XPEV to load up on 100 shares each, and milk the premium We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 Members Online. There is an absolute "No Troll" policy - this sub is an environment where traders can learn and help each other. With that size, go check out r/PMTraders and study up on Beta-weighting. I trade the wheel and roll puts over and over for as long as I can get a credit, but when I can’t I’ll take assignment to sell covered calls. So that’s why I’m thinking this specific underlying might merit a slightly different treatment than the usual covered call play. Decided to go with Theta Gang (tm) strategies and set up CSPs and immediately got assigned on literally everything due to the covid panic. A decent living depends your COL and family size, where I live, < $70k/yr with a family of 4 qualifies you for government housing and < $50k/yr is below poverty line. A very popular “Theta Gang” strategy is to close any positions once they reach 50% profits, and never close at expiration. I am now at over 60k, all theta gang strategies. Tesla Daily is the seriously the best stock analysis YouTube channel I’ve seen. For example, AAPL, if you followed a weekly strategy of selling calls at 30 delta you would make about $50 per contract. Assuming it takes a 275pt drop to breach my long strike, that is an 18pt increase in the VIX. silicone molds for epoxy kristopher baca pic Let's say strangles, for example. Let's Talk About: Exchange Traded Financial Options -- Options Fundamentals -- The Greeks -- Strategies -- Current Plays and Ideas -- Q&A -- **New Traders**: See the Options Questions Safe Haven. Let's say stock XYZ is at 10$ at market open on Monday. It depends on your theta gang strategy. Tax implications of thetagang strategies Is there a cheat sheet or summary somewhere of the tax implications of the strategies commonly used by thetagang? It seems like the tax calculations of selling covered calls can get pretty complicated as it depends on the underlying stock as well,. 30 to 45 to take advantage of the start of the ramp of theta decay while collecting as high of a premium as possible. csapunch dentist Seems counterintuitive but I was still getting enough credit relative to. If you are a beginner, consider using these practice girl stocks …. 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. And futures trading in general tastyworks had great support. Not quite the collection of blue chip stocks there, my friend. With so many options available, it’s important to not only find the right vehicle but also negotiate the best price. Channel For Crazy Robinhood Trades + Wall Street BetsGet a free stock on WeBull: https://act. Spreads $5, $10 wide sometimes up to $20 in liquid options market. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 Members I'm interested in employing some bearish strategies because there are few underlyings right now with bullish signals, and I don't want to sell too many CSP's on the few bullish underlyings. PYPL, sell puts at $70, then if it goes that low be happy to own it at that price. I've found a few stocks that seem like good CSP/wheel candidates, but my account size is sufficiently small that these plays would be holding a substantial amount of my account in collateral - and I know that diversification is often a good thing. 23 per day in the best scenario. All of the Greeks are accurate based on each broker's model and inputs to the model used. You can win or lose, while different strategies may work better or worse in different market environments and volatility. A well-crafted service awards strategy can help create a positive work environm. For running legit ThetaGang strategies, QQQ and IWM looks like better choices because higher vega, no?. Are there any strategies where taking assignment on a short option is a key component? Anyone running any strategy where getting assigned is an integral part of the play? I guess covered calls could be an example where you’re looking to get rid of the underlying but can’t think of other examples. Thetagang strategies work fine in retirement accounts and I assume a significant percentage of the option trading done by retail is done in retirement accounts. You would sell a call out of the money to pay for the long put and net 0 cost for the put. Fortnite is one of the most popular video games in the world, and it’s no surprise that many players are looking for tips and tricks to help them win. Very casual vibe, recommended for commutes! Listen on Apple Podcasts. Only use the 80% cash to back a sold put if TA gives it a really large chance of working out well for you. If you’re new to the game or looking to i. My basis on stock is around $105. maximum edge male enhancement reviews Play around with the numbers until you find the deltas that are most consistently reliable, create a strategy around that and only that, then trade that strategy until it doesn’t work anymore. The strategy is long term so I can take a small hit at the beginning and keep selling calls and reinvest until we see better market conditions (but I agree this is not the optimal scenario) Last argument is, the prices on S&P are starting to be interesting for me, and good enough for me to start allocating cash. Keep track of your wins, losses, assignments, and more! THETA GANG Podcast. But I’m going to argue for a very specific version of The Wheel here, and that makes all the difference. In general, any stock or option held longer than 1+ year qualifies for long term capital gain rates (LTCG) which are usually slightly lower than short term cap gains (STCG). 2nd best is just out (for a credit). 40 on XYZ that's trading at $53. In reality though, these are just estimates. Usually only utilize 60-70% of bond collateral for put selling, unless I find a 99% belief trade and go balls deep. It isn’t a particular strategy people should be focusing on. I am now testing out 7 different brokers and exchanges to see where my new home will be. When you sell an option, your profit is the entire premium of the contract you sold. , but I'm really looking for criteria you use to pick the companies to trade this type of strategy. I know I will probably get torn up about this post, but the only backtesting I see on this subreddit is linked to a small Tasty Trade backtest of the. I’ve personally done a little better doing the wheel strategy than put/call credit spreads. Though this is still the same stuff that is thought in universities 10 years ago and probably. Hello Thetagang, I've been trading options since the beginning of the year, started with CSP and covered calls, and wheeling when possible. Theta decay is the loss of extrinsic value as. You're looking at noob thetagang 101 intro strategies. Common Theta Gang strategies focus on lower risk profile option selling strategies that have hedges for capped risk. My 401k that's 100% SPX fund beats the pants off any options shenanigans I can come up with. Now if nothing changes by the time you. I am no longer using Theta gang strategies for the time being. Another strategy to avoid IV crush is to use options with lower implied volatility, with expirations further out, two weeks or more after the release. Less IV and less wild moves like tesla for example. By far my most boring and most profitable strategy over the last 2. But, speaking from personal experience, it's very easy to tell yourself you'll sell a CSP and be absolutely ok with buying 100 shares. I mean: this strategy ensures you are short the stock if the earnings are bad or long the stock if earnings are good after the earnings report. The total was 374 trades with an 89% win rate, a max loss of -$5169, average premium collected was $474. Sell x deep OTM put options with a strike price of s2 (asset price - 10%). That same trade would only account for 15% of your account. All christmas till a day where nifty drops 3-4% and you will lose half your capital. Talk to your tax pro if you have specific questions that may affect your account. I only trade iron condors for 1-2 weeks depending on factors. Mornings are the best times at California Adventure to see popular attractions because lines are shorter and the California sun isn’t quite so hot. Super deep dives into financials and business fundamentals. What's up Theta Gang, I'm pretty new to options trading (only been doing it about a month and a half), but I'm wondering what you can expect to return per year using theta gang strategies. You pick a strategy, pick a few names, execute it, and then you do your time. Overall I've found that a covered call strategy works best if you have a solid thesis to back it up, with a reason why it would be an efficient way to generate income. Average ROI of about 20% I have only lost on one of these ever, and that was because I closed it early at a loss. No need to over complicate options trading with other stratgies imo. I’ll come right out and say it, I’m a newbie, so I don’t want to pretend and give stock picks. The better bet when you are playing directionally is always being long an option. with only 20% left to make you should be looking at rolling that call. These stocks and call options are the most directionally bullish. The odds of expiring in the money is ~11%. The poor man's covered calls actually proved to work well, but the put credit spreads just keep drilling me. 80, vs $4 on tasty, or free on the monthly plan) The catch is that they’re a business to business broker. Buying a new car can be an exciting but daunting experience. 2x 25 wide (roughly $5k risk on the table) -5 delta on SPX nearest dte. I’m not seeing much discussion or love for calendar spreads here (the strict definition where you sell a call for shorter timeframe and buy call for longer time frame at same strike). Yes you can build a 100% algorithmic, purely rules based strategy and there are tons of these earning profits in the market. 5 • 75 Ratings; Stocks/Options podcast hosted by an average retail trader, like you! Joonie does talk about some good fundamental theta strategies but, Jesus, do his tangents get preachy! Top Podcasts In Business Money Stuff: The Podcast Bloomberg REAL AF with Andy Frisella. chris guins wikipedia I like to leg into iron condors, where I can put on the PUT/CALL side. I would probably drop one of the trades because it will currently use up the full $3k BP. katana maker picrew Indices Commodities Currencies Stocks. Even if your calls are lower than your puts, the net profit/loss includes the credits from both the put and the call. That was the original purpose of putsto protect against downside. I wish there were channels for other companies with this level of analysis. An out-of-the-money call option is sold, and another more out-of-the-money call option is brought to hedge against a strong upside move. Specifically, I sell puts that have a delta of less than 0. Premium collected is recalculated after every roll. Theta Gang Strategy Basics: Put Options // r/wallstreetbets. In this case, profit is made if the stock stagnates, falls, or even rises slightly. Dear Thetagang brothers, should I scalp the covered CALLs (yellow rectangle) and the long leg of Bull PUT (blue rectangle) and what do you think of the theta gang strategies on PLTR in general? Locked post. Hold my ITM CSP longer and hope that the price recovers. Selling spreads is a very common theta gang strategy, so let's examine the case of early assignment and assignment after expiration. You are going to lose some, but as long as you win a decent amount you will make money. 18 contracts could have wrecked you. ROI = Return on Investment = Net total return (Final value - initial value) divided by total cost. After listening/studying all the theta gang strategies, I decided to focus primarily on put credit spreads, and poor man's covered calls. Personally i prefer to use IV percentile or IV rank. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 Members Online • epps. There isn't a time of day where theta is faster or slower. After reading a bit about the strategy of gamma scalping to curtail losses on option positions, I decided I would just do some hands-on learning with a ToS Paper Account. Simple, yet powerful strategy: Take David Sun's Theta Engine (Short Put @ 15 Delta, 90 DTE) and turn it into a 3:1 Put Ratio Backspread when IV Rank is above 50. It allows you to group option trades of the same underlying and calculates average price per share on assigned shares. ITM calls, for example, are synthetically equivalent to 100 shares of long stock + a protective put at the strike or your call. 219K subscribers in the thetagang community. Option plays for Tesla earnings (TSLA) and beyond After they put out their sales disaster we were pretty bearish and suggested 2 trades, the July 140/150/160 put fly for 95 cents …. Weekly close to the money PMCCs are a very effective strategy but as others have said it’s a directional strategy and only works in a very stable flat or bull market. The amount of time you devote to the activity. If you have a strong bias for a certain stock. We are selling options to WSB degenerates using thetagang strategies! This community is devoted to the teaching of strategies and resources to help traders become consistently profitable. I'm not knocking it, just curious if anyone out there likes Doc & Junior with a much more “basic” strategy of using the cash reserves as collateral to write deep OTM LEAPS PUTs to yield 15 to 20% annually?. I want to figure out how to use this position to generate cash flow that I can use to acquire more TSLA shares as well as to build out other investments as well. Here is my Market Thesis: Like in previous years the week between Christmas and New Year’s Eve should bring small volume and sideways market. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 The total return. dry cleaners that do alterations near me For OP, I typically just do spreads. Automatically calculate your net Credit or Debit in different rolling scenarios in real time, choosing the best moment to strike. Watch tastytrade YouTube videos on selecting strikes, days to expiration, and how to manage credit spreads. Say we have the following asset trading at 100 today. View joonie5k's THETA GANG profile and trading history. 2 months later, I'm down another $500+. CSPs involve selling put options while having enough cash to get assigned …. Daily seems like you would be removing most of the theta aspect (as almost all the time value is gone) and focusing on delta. The theta gang strategy is an advanced trading tactic that capitalises on the time-value decay of option contracts. 12 and that have 30-45 days until expiration. Thetagang is intended to be a community of people who share strategies and discuss ideas related to selling options contracts with theta as the central source of value realization. Priced Move: given the current option prices, how much in dollar amounts will the underlying have to move to make the call/put break even. I know about finviz, barchart, etc. I used insurance to explain the concept of premium to her. Any type of option selling is theta gang. Alternative is to roll both long and short puts before assignment for a credit---but that is difficult (impossible?) to do with a spread----can often be done on naked or cash secured puts. PLTR's CEO is crazy and all the WSB apes sold so it's time to buy. Call/Put Premium: how much extra you are paying for the expected move relative to. Calendar spreads are generally long vega (benefit from rise in IV) so running them on high IVR stocks is prone to loss. Check out how you can make fatter tendies by selling cash covered puts instead of buy. Honestly, I'll probably just be trading SPY, ES, or SPX, etc when my account gets a bit larger. 5 stock so roughly $250, but last I checked most were closer to $1-1. This strategy gains it’s popularity from the fact that you can generate a steady income no matter which way the stock moves. Laying low rest of 2023 unless an opportunity arises, not killing this environment for selling puts…. Risk 2, the underlying price hits your stop-limit or stop-market, triggers a buy, then crashes, resulting in a loss. those are all "1-in a million" events, all. The edge for calendar spreads is to ensure the term structure (volatility % of the short leg minus volatility % of the long leg) is 2% higher than the usual relationship, then you take profit from the trade between 15-20% roi. The lowest it went was 665, so (705-665)×18×100 = -72,000. With a comprehensible log of their trades, you'll have access to real-world examples to …. First videos on options trading I saw using an analytical approach and backtesting. I can either do nothing and let the shares be. Just make sure the tickers you are trading give you value so if you find yourself in a position where you have to hold a stock for a year you have confidence in it. EWZ, JETS, FXI, EWW, EEM, SLV, X, OXY, GPS, MRVL, CLOV, AAL. Hedge funds are not limited by the waking hours of their traders. From my understanding, Gamma Scalping limits the max potential gain of a position, with a. If you want deltas buy calls, bullish spreads or straight shares. rare bottle caps Since you're new, lemme give you some perspective of r/thetagang. ford patriot rv You receive profits as theta decay runs its course. ADMIN MOD Is there a site/app where you can input how much cash you have, desired strategies, delta, DTE etc. GitHub is where people build software. You sold a 50/55 vertical call spread for …. For this example, let's assume 3 at a time $30k), or $1,500 in premium per month. It's not easy, but it is simple: earn more, spend less, and use the. Either way, bond ETF options offer excellent diversification from stocks. It has the same market risks of holding stock along with the 100% allocation of your portfolio risk. I was thinking to try 15-20 delta @ 30 DTE and manage closer to expiration. Ratio spreads and calendar spreads can be constructed to benefit from theta decay, either in a delta-neutral fashion or with your directional bias of choice. However, depending on what thetagang strategy you use this could be less of a problem. Among Us has taken the gaming world by storm, captivating players of all ages with its thrilling gameplay and intense social interactions. 90 in premium, I’m guessing the difference is because of put/call skew, so in this case you would stand to make a little more selling the call, but assuming no skew, they’re essentially the same risk. Take gains and long them into index funds or your favorite stocks. GDX, XLU, and XLF are 3 of my favorite to trade options with in general right now. View discover's THETA GANG profile and trading history. I am wondering what the general consensus is on what to do with wheel strategy gains. In a nutshell, theta gang strategies are gameplans that capitalize on time decay. r/thetagang Future plans for this strategy: Additional contracts I plan on adding are 3 more contracts of SPCE, 3 more contracts of GME, DIA, LOW, WMT, NIO, DOW, AMD, and DD with plans to earn about $3,046 a month. I recommend setting a stop-sell order after your stop-buy goes, that way you can dump the stock if it begins falling. The additional 1-Lot of long stock is your upside above the Put Diagonal, and the Call + Put Spread hedge to the downside. ATM options have an accelerating decay rate. It not only shows the wheel doing worse on multiple backtests vs buy and hold, it also shows that the 50% max profit exit strategy (popular on this subreddit) is worse than hold until expiration. The only difference is the credit you receive. The idea of using slow and consistent theta strategies, using the premium received to buy & build a portfolio of indexes and blue-chips is still a relevant concept over the long-term. High IV only and keep an eye on it. lol Thetagang is a much less stressful and more consistent approach. If you are a beginner, consider using these practice girl stocks to start using the wheel strategy, strangles and s. I know this sub tends to favor a mechanical. Now I'm focused mainly on using the wheel and iron condors on stocks. If the stock is the same price, the theta eats away @ the $72 premium more than the $15 premium. Since SPX has some daily expirations I want to do them 0dte. Prolong Downtrends and Drawdowns - if there is a prolonged downtrend than this strategy would take losses similar to a buy-and-hold strategy, but it will be higher due to the leveraged nature. 26 inch uhaul truck Here is more on Ex-Dividend Dates & Date of Record. Wheeling, or the wheel strategy, is the most popular theta gang strategy. Set a GTC limit order immediately after opening a trade. The put selling strategy of using Deep In The Money Puts is a highly profitable strategy to use in bull markets. 220K subscribers in the thetagang community. Collect more premium to increase your theta. I've sold covered calls on my SQ position to learn more of the mechanics and so I'm already. What are some recommended (relatively low risk) theta gang strategies I can use for an account with $500 capital? Coins. The main thing is to check the profit/loss chart of the position. No spamming of discord links, patreon links, referral codes or paid services allowed. I mostly do CSP, CCs, and Short Strangles. When the stock moves in your favor you lose opportunity and when it goes against you hedge is limited and bag hold. The definition of a teaching strategy is the principles and methods of teaching. Keep in mind that a strangle is a short volatility trade and the market has realize VERY little. The Wheel works on Slightly Bearish, Neutral, and Slightly Bullish stock movements. 16 delta is for delta neutral strategies. Leg in individually to make it easier to get out if needed, put the stops on the short legs only. Exclusive members-only content. However, caution is advised, as selling options inherently carries risks. Yes, thetagang strategies work! As others have suggested, start with looking at the wheel strategy and find something you know and that is volatile. okay now do for GME, or AMC, or any of the archegos stocks that went down 50% in March, or COVID, or TAL or EDU that lost 80% overnight. 5 Calls an expiration of the 26th will give me a premium of $18. You can return this item for any reason: no shipping charges. The wheel stragegy is not selling leveraged far OTM natural gas calls, but there is still the principle of a single strategy, repeated again and again, because it is working in a particular climate. No more than 10-20 contracts at a time. Theta gang strategies are just option selling strategies. The wheel is selling puts, then if/when assigned start selling calls. " A fine strategy, but a misapplied one. I’ve had some large successes with them. They're going to be a part of your strategy if you …. I want to avoid selling to be able to realize long term taxes on holdings, but with short. Wheeling an ETF is the safest as it’s even less likely to go to zero before expiration. Stock prices can't be fully normally distributed because. com to journal individual options trades and my own financial spreadsheet to track everything (stocks, mutual funds, dividends, premium sold/bought, interest, etc. Short Straddle Options Strategy. TW gives you easily FULL option trading access (trading naked etc), you need to apply to the "the works" margin account, min. Thetagang is the seller that profits from the time value of every option. Using the put selling strategy of deep in the money puts allows an investor to capture the rise in a stock while still offering some protection against losses and if applied with a protective put it can guarantee a profitable trade. r/thetagang • Wheel strategy 100k in 3 month with 26% annual projected. You are betting that the stock will end 2 weeks between $55. Learn and understand how to incorporate put options into your trading strategy. The Market Trading Game Changer. Theta Gang Strategies Explained Theta Gang Strategy #1: Call credit spread. antique aladdin lamp In one trade I aim for 5-10% profit of buying collateral, once it hits always take it. Roll-Out, Roll-Down, Roll-Up Calculator. 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” Short Iron Condor; The first two theta strategies are great for Beginners and seasoned traders alike because your max loss is limited and you know exactly what that max loss would be. Live tracking for Option Sellers, made simple. Selling tickets online can be a great way to reach a larger audience and increase sales. Which theta (or vega) strategy generated the most money for you per trade (eg. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 Members Online • [deleted] My trading strategy is to sell short calls against leaps and shares, and avoid assignment as long as I want to continue holding the stock. Here's an example: SPY May 20th 414 long put/420 short put/2 x 486 short call/2 x 489 long call. Easily see if your positions are at. Let’s say you wish to sell a 3350 put on it expiring whenever. You'd have less risk than owning the underlying outright. Strategy Hypothesis: Applying a combination of tastylive research and the momentum factor can achieve the goals defined above. 57% ROI weekly or monthly makes a lot more sense then 5-10% a year. I bought on Friday a Put SPX Calendar @4760 Sold. You need a really powerful computer, a direct line access to the exchange preferably with like 1 ping, and a really strong understanding of theoretical mathematics and the market. We are selling options to WSB degenerates using #thetagang strategies! 🐌 🐌 🐌. Theta Gang StrategiesIf you’ve been studying options trading for a while now, you’ll probably agree that there’s something exciting about the potential to wi. You could sellputsthencalls versus SPY, currently at $510. The 30 year nominal (not inflation-adjusted) returns are about 9. It is generally low risk and is resilient to a stocks. 4l60e exploded view Plenty of premium at those strikes. I plan on maxing out the contribution before …. Two big reasons why I only do 30-45 days. I have a paper trading account for trying out new strategies. Jan 16, 2024 · One strategy that has gained popularity among traders is the “theta gang” style of trading. Theta Gang is the dankest gang on Wall Street Bets. Let’s say you lose 300 on this trade. I've grappled with this question for a while. A better question is not can you profit but can you get good returns. This strategy has been working extremely well for the last year straight. com if you’d like to see them; I’ll wait for a spike in the underlying, say 2-3% to open a CC. with wheels, cash secured puts tie up a lot of capital but will at least leave you with shares if you're assigned. If that is the case, then the Greeks are inaccurate. I'm fairly new to selling options, mainly because I never liked trading stocks. From the trade above, I’ve locked in a profit it $950 (excluding brokerage fee) no matter what happens. I was good at judging when to be defensive with the 16 delta, but I'm having trouble realizing when I should get defensive with the 30. #wallstreetbets #wsb #robinhood #webull #mikey LEAPS are one of my favorite Theta Gang options strategies, and I am happy to see even Wall Street Bets gettin. They usually are set to 16 delta otm call and put, 45 days to expiration. Obviously this means reduced premiums - selling closer to the money may help, but also leaves you at higher risk of a sudden VIX expansion / market correction. theta decay IS higher closer to expiration. My trading journey began with swing trading, shorting pennies, covered calls, a short stint going into some advanced double-triple calendar spreads (which taught me to practice new trading strategies before just jumping in), moving to 2 week put credit spreads (same lesson learned again), and for a while the wheel as I began learning the importance to manage …. A Repair combines a vertical spread and a covered call per 100 shares owned. Both promote a DIY approach to finance: Tastytrade encourages its followers to take an active role in their trading and investing decisions, while Dave Ramsey promotes a "do-it-yourself" approach to personal finance, advocating for budgeting and saving to achieve financial independence. Theta is most effective starting at 45-30 DTE because theta decay is and exponential decay curve. Rolling is exactly the same as running the wheel. Average gain was 10%\1k per mo. Roll my expiration date forward by 39 days for a credit of 1. Plus nifty is in a tight range right now hence its easy for you to manage. Hey guys, relatively new to theta. You can see how that strategy has yielded outsized gains (20%) on the short-term TMF play, but consistent returns with the TLT play (despite being on the "wrong" side of TLT moves the whole time): The next day I lost $100k doing the same thing. In this article, we will guide you through some essential strategies and tips that will. If you don’t have one, the following guidelines will help tea. The wheel/covered call is a pretty alright strategy, but if you're looking for something similar to that but more capital efficient, I recommend researching the Poor Mans Covered Call. However, the reward potential of the trade will also be lower. What Your Current Strategy Actually Does. 207K subscribers in the thetagang community. 50 CSP on the Put side: Aiming for a total of $0. I would like to share it with you in case it can help you to determine how to trade your beloved stock. The idea of that they must pump millions of dollars into every security they trade and so are forced out of "small account" strategies is no longer valid. however you do have some years where 400% is entirely possible. if you do the same strategy but the DTE is short (like 60-90dte long call and 15-30 dte short call) then …. Thetagang is often unintentionally mistaken for r/Vegagang, which is more built on extracting value from volatility. Strategy assuming ownership of 100 UVXY shares (cost today $942). This type of price movement normally isn’t permanent, normally happens in the first hour of trading, and I’ll sell a CC on the underlying for well above my cost basis and collect lets say $1. 76 pct twitter total cost is 0 so ROI is divide by 0. WallStreetBets users have made and lost a ton of money with put options. It is a game that combines elements of luck and strategy, making it both. They have increasingly discovered that technol. Does your company need a boost in its bottom line? If so, perhaps it’s time to review the sales strategy you’re using. I have Covered Calls for beginners, and The Wheel Strategy, both from Freeman Publications. It’s not meant to outperform buy and hold. "However, the 759 iron condor positions that were opened outside of two hours after the open had an average return of 37%. Your account can still explode, but at least you. mujra video The moment to be long or short is before the earnings report, not after it. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 Three months ago discovered thetagang, made a practice account to learn how to wheel Only wheeling one company which is Sofi going to continue to do the same thing 2024 and deposit more funds. Theta Gang Strategy Optimization. These are based on historical performance of SPY 1 SD strangles managed at 50% of max profit or 2x extrinsic. iron fly - iron condor - butterfly - ccs - pcs - cds - pds - and anything else that proves effective. I spent the better part of this week changing the option tracker sheet from twoinvesting. ) I would like to hear your opinions, experiences and if you recommend a webinar that I could listen to so o can use this. Theta Gang Strategy #1: Call credit spread. Her next question was why would someone pay you for that. Hi guys, I am new to theta gang and not gambling naked calls/puts anymore. We are selling options to WSB …. View signup's THETA GANG profile and trading history. 25% or better for the RKT Covered Strangle counting both sides ($25 Assignment on Call Side, $22. View jrue's THETA GANG profile and trading history. 15, you'll only see a few dollars in profit, bc max profit is $15. Since spx is m/w/f settled I can usually get 3-5 spreads a week by closing at 80-90% profit and opening a new spread. So winrate about ~85%+, average ROI of about 15%. Like sell covered calls as a means of generating income in-between divendeds. Which tax lot is the most advantageous when running this type of strategy?(Fifo/Lifo/Avg Cost etc). 4 Popular “Theta Gang” Strategies to Collect Premium from Options What is theta gang? Simply put, these are options trading strategies that capitalize on the fact that the prices of options decay over time. A diverse recruiting strategy is essential for small businesses to develop an inclusive workplace. 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” Short Iron Condor; The first two theta strategies are great for Beginners and seasoned traders alike because your max loss is limited and you know exactly what that max loss … See more. After I discovered Wheeling, I saw this strategy makes a lot of sense because it can guarantee I scoop up the companies or index I like with a lower price, meanwhile, I have a lot of flexibilities (take assignments, Sell deep ITM Calls, CC, cut loss, roll, etc. Tip #3 → Diversify Your Strategy. Pretty much every strategy on WSB and thetagang require the trader to be impatient and biased. Let's take it that the VIX trades at an average of 18pts. Would it make sense to sell a deep ITM call spread to take some profit off the table? The trade I’m thinking of is this: Current holding: 500 call with expiry in 2025 Potential trade: sell vertical ITM call spread of 590/600 for $950. But it's extremely more capital efficient, as you only have to put up the capital you're risking, as opposed to the cost of 100. They can clog up your inbox, making it difficult to find important emails. Hypothetically, what would be the risk of doing the following: Sell x deep OTM call options with a strike price of s1 (asset price + 10%). 15 Delta Cash-Secured Put 30 DTE. com, persuasive strategies are techniques that a person uses to influence another person or group of people to take a certain action. isds 361a excel exam I think most people do not understand the concept of Delta Neutral positions in options. See all of your trades in one place, with real-time pricing and P&L. Sell call with infinity rolling unless they are long term gains against every position. If you do, I'd love to hear your reasons behind this choice. what advice would you all give someone with a small investment account to grow over time?. Receive social analytics and insights into the next meme stock direct to your inbox, sign up for our newsletter. How do you guys keep track of the upcoming earnings? U got any websites or reddit sources? 1. ThetaGang is an IBKR trading bot for collecting premium by selling options using "The Wheel" strategy. This is a good moment to open Calendar Spreads with DEC front month and JAN back month. Keep your trade small, ex: don’t allocate more than 10-20% of your available money in one trade. 75, and buy a Jan 2023 $50 put for $27. If you have a lot of time left and you got premium of 50% or more, you can close it. The odds are usually even vs the price you pay, as otherwise either a buyer or seller would have an advantage. I set the stop loss only on the short leg but not on the whole spread. Learn how to make adjustments on those strategies. Among Us has taken the gaming world by storm with its unique blend of deception, strategy, and teamwork. Wondering where have you find more success. Hey Guys, made a theta gang options group The Main Focus of this channel is to spot options on great stocks with a low chance of expiring in the money to casually make 1-3% a week utilizing wheel strategy with technical/fundamental analysis to scalp. Snowflake, good datalake business model. Your strategy makes sense with them when interest rates are neutral or declining. Came across this sub from r/options and am curious, what exactly are the Theta Gang strategies? Seems people are posting mostly about CSPs on stocks you wouldn’t mind …. I'm a fairly new trader starting actively back in late 2019 and just rode the easy train of WSB tickers (still was some research needed, but the starting points were laid out on a platter). If I sells puts or wheel for months, and that allows me to sell more puts out of earned premium, then the impact is very similar to compounding interest. Although if this became my livelihood, I would probably switch to ib because it is the best api. The Real Housewives of Atlanta The Bachelor Sister Wives 90 Day Fiance Wife Swap The Amazing Race Australia Married at First Sight The Real Housewives of Dallas My 600-lb Life Last Week Tonight …. In other words you want to straddle QQQ with 3x leverage. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌. This uses a series of technical indicators to provide a long (blue arrow) or short (red arrow) signal. As option contracts get closer to expiry, they lose value due to time decay, an effect described by the Greek letter theta. I added price slices spaced 10 dollars apart. Get Fast, Free Shipping with Amazon Prime. 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.