ShallowNefariousness
ShallowNefariousness OP t1_iy3pfuv wrote
Reply to comment by Nilfy in [OC] I sell options for a living. Here is a glimpse into what a typical month looks like. My October performance. by ShallowNefariousness
The decision when to close a trade is made before I execute it. Every trade should have a plan, when you will take profit or if you plan to let it run to expiry and most importantly when it goes against you when to cut the losses and live to trade another day
ShallowNefariousness OP t1_iy3p7km wrote
Reply to comment by galacticspark in [OC] I sell options for a living. Here is a glimpse into what a typical month looks like. My October performance. by ShallowNefariousness
This is mostly iron condors, ratio spreads, vertical spreads and strangles
ShallowNefariousness OP t1_iy3p3k4 wrote
Reply to comment by MalvernKid in [OC] I sell options for a living. Here is a glimpse into what a typical month looks like. My October performance. by ShallowNefariousness
By having a larger loss size to win size with a low enough win rate. Win rate is not the only important metric. Minimizing losses is key to long term success. At the end of the day it's risk management
ShallowNefariousness OP t1_iy3ou1f wrote
Reply to comment by 7Xes in [OC] I sell options for a living. Here is a glimpse into what a typical month looks like. My October performance. by ShallowNefariousness
I started investing with basic stocks and indexes. Options seems scary and inaccessible but with the proliferation and access of information over the last 5 years I simply started dabbling. There are a ton of great (FREE!) resources online. You don't have to pay for information and be cautious of anyone trying to sell a course or strategy to you
ShallowNefariousness OP t1_iy3of7q wrote
Reply to comment by StudioStudio in [OC] I sell options for a living. Here is a glimpse into what a typical month looks like. My October performance. by ShallowNefariousness
Occasionally I wheel AAPL otherwise this is mostly iron condors, ratio spreads, vertical spreads and strangles
ShallowNefariousness OP t1_iy3o8bc wrote
Reply to comment by vanmichel in [OC] I sell options for a living. Here is a glimpse into what a typical month looks like. My October performance. by ShallowNefariousness
I do some 0DTE so for that strategy everything is closed or settled by the end of the day.
ShallowNefariousness OP t1_iy3nuk9 wrote
Reply to comment by Effective_Hope_3071 in [OC] I sell options for a living. Here is a glimpse into what a typical month looks like. My October performance. by ShallowNefariousness
I do run the wheel from time to time just to switch things up but it's not a bread n butter strategy. I write a mix of strangles, iron condors, ratio spreads and butterflies mostly 0-1DTE as well as around 30-40DTE.
ShallowNefariousness OP t1_iy3dor3 wrote
Reply to comment by Enough_Librarian3720 in [OC] I sell options for a living. Here is a glimpse into what a typical month looks like. My October performance. by ShallowNefariousness
It was removed since it's personal data and that's only allowed on Mondays
ShallowNefariousness OP t1_iy39rcb wrote
Reply to [OC] I sell options for a living. Here is a glimpse into what a typical month looks like. My October performance. by ShallowNefariousness
Source: data straight from my brokerage account.
Tools: Google Sheets to compile the data.
Visual created with Sankey in Figma
I have 3 core strategies I deploy on a mostly daily basis. I sell options with the expectation that not all will win. It is a numbers game and the more days I am in the market the more the statistics play out in my favor. I was able to capture nearly 20% of the premium I sold in October which is a little higher than the typical month. My expected capture rate is around 10-15%. In October I had 176 individual trades with a win rate of roughly 72%.
[OC] I sell options for a living. Here is a glimpse into what a typical month looks like. My October performance.
ShallowNefariousness OP t1_iy4bl1b wrote
Reply to comment by u_PM_me_nihilism in [OC] I sell options for a living. Here is a glimpse into what a typical month looks like. My October performance. by ShallowNefariousness
When I trade 0DTE I will be in front of the computer during trading hours to ensure I'm out of trades as quickly as possible when they go against me. The trade execution takes little time. The rest of those days is research and talking shit with other traders. When not trading 0DTE I can do the execution from my phone and only spend a few minutes logging trades later in the day.