What Did You Buy Today?

[fenders53]

(12-31-2020, 04:57 PM)NilesMike Wrote:

(12-30-2020, 11:09 PM)fenders53 Wrote:

(12-30-2020, 06:41 PM)pdaignau Wrote:

(12-28-2020, 06:26 PM)fenders53 Wrote:  

  

Nilesmike is an options guru IMO.  I just practice a simpler strategy.  We have discussed this subject ad nauseum on the conservative options thread but we are just talking to ourselves.  Nobody ever asks a question.

I'm NO guru, trust me.

Sometimes with your rolling your strategy is significantly more complex than mine.

I do trade options, not mechanically but when I see an opportunity that I like. I also BUY some options from time to time. My best method involves being short some (selling calls) while also being long others (selling puts) I like that rhythm and take the options off when I hit a good profit (whether the market goes up or down).

I also do some quant trades on a regular schedule, I have a position in SVXY most times, buy VIX calls when it's 13 ish-literally guaranteed money.

I trade very simply but mix up a lot of different things, so something is always making money. Then the dividend portfolio makes money every day.

Best to all Happy New Year

Ok, I'll rephrase that.  You have a more diverse knowledge about different option strategies.  I do the same two or three strategies over and over.  I made money before I ever met you.  I make more now because I heeded some of your critiques.   

My rolling strategy is not complicated IMO, but it is certainly tedious when the market heads the wrong way too fast.  I also tend to have too many too many positions at times.  1 contract open in 20 stocks when it would be MUCH easier to manage more contracts in half or less the number of stocks.  The tedious method offers only one advantage and it's a bit more diversification. There is almost always something working.  Not worth it sometimes.  (in hindsight of course). 

For a new options player, I would sell a few covered puts and calls and watch how it works in varied markets.  It's been like shooting fish in a barrel 22 of the last 24 months.  Those bad months will test your nerve.  No different than watching a 100% long port get killed though.

And Happy New Year to everyone.