Thetagang reddit.

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. 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 …14 Aug 2022 ... Find stocks or etfs you want to hold. Sell put 20-30% lower than current price. Whatever you consider a good deal. I try to sell puts on red ... So like many others i started theta gang 2023 after losing money playing wsb options. So far theta gods have been kind. Below is a summary of the year, hope to get feedback and learnings from the good folks here. Liquidated my company stocks Nov 2022 and decided to stop weeklies and start wheeling. Started with ~115k

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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 find the original person's work/theory.

11 Jul 2023 ... r/thetagang Current search is within r/thetagang. Remove r/thetagang filter and expand search to all of Reddit. TRENDING TODAY. Search for ...If you think that scandalous, mean-spirited or downright bizarre final wills are only things you see in crazy movies, then think again. It turns out that real people who want to ma...ThetaGang is an IBKR trading bot for collecting premiums by selling options using "The Wheel" strategy. The Wheel is a strategy that surfaced on Reddit but has been used by …So, my selling opportunities are limited because IB's cash account policies are fairly restrictive, especially when working with American-style options. When I discovered XSP, I was pretty interested. Euro-style options at SPY prices with weeklies available. But, the OI and volume are brutal pretty much across the board.

The wheel is a delta strategy with a little bit of theta sprinkled on top, not a theta strategy. Left out PMCC... What lesson is that? Spreads $5, $10 wide sometimes up to $20 in liquid options market. and hopefully get some move/time in my favor and then add the other side.

It’s crazy to me that most people focus on taxes as a reason not to trade, when they really should be focusing on MENTAL HEALTH. Most people should not be …

The wheel is a delta strategy with a little bit of theta sprinkled on top, not a theta strategy. Left out PMCC... What lesson is that? Spreads $5, $10 wide sometimes up to $20 in liquid options market. and hopefully get some move/time in my favor and then add the other side. 14 Aug 2022 ... Find stocks or etfs you want to hold. Sell put 20-30% lower than current price. Whatever you consider a good deal. I try to sell puts on red ...Learn how to use theta gang strategies to collect premium from options trading. Theta gang is a concept that capitalizes on the fact that the prices of options …Step 4. Compare your trades to your theo price. It's a good thing I didn't fall for that $0.10 bid a bit higher on my short call trade - it's theo price is actually $0.2392, rounded to $0.24! In this trade I shorted exactly at $0.05, but the theo price is $0.042, rounded down to $0.04, so I'm slightly ahead of the fair price at the time of the ... Let’s talk more about the “hyperwheel”. Giving credit to u/calevonlear for the term (not sure if you coined it, but might as well take credit). Reading through previous posts, the hyperwheel uses 1DTE sold puts on /ES. The notion of “potentially” needing a large sum of capital if/when you get assigned is currently out of the question ... I’m tryna join theta gang. Currently looking for a stock to start the wheel. Because of my risk tolerance, current available funds, and the amount I need to put in to make ok money, I’ll put at most 4K into this. It has to be a reliable stock trading for 15-40. The higher the price the better it has to be as a long term hold.

At the end of Power Play, the two gangs that stayed loyal will each grant an ultra-powerful Raider Perk. And I've read a ton of well-meaning but mistaken content on what two gangs the player should go for. The three gang perks are as follows: Favoring the Pack grants you 25% global damage resistance, and a 25% damage bonus in melee combat.Alternatives to Reddit, Stumbleupon and Digg include sites like Slashdot, Delicious, Tumblr and 4chan, which provide access to user-generated content. These sites all offer their u... In order from best to worst based on how far down I am on the open underlying positions. BB, MVIS, PLTR, CLOV, VXRT, RIDE Selling CCs has saved my ass on these and my cost basis is still pretty close to the current share price. First thread 9h ago- “I’m new to options” Second thread just now- “Selling millions of dollars worth of naked puts” Amazing progress.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 …Theta has been one part of my effort to achieve financial independence, which I have written about in FIRE threads. This post documents my experiences with theta over 13 years, what my key lessons have been, and how I have matured as a theta trader. Theta is a hobby. The research and trades that I make are done outside of work, which …

14 Feb 2024 ... ... u/BullfrogBrewing avatar · BullfrogBrewing. • 26d ago · https://www.reddit.com/r/thetagang/s/WHkTFuwuCB. This you? Upvote 4. Downvote Reply .... 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.

SoMuchRanch. $200k -> $3M+ in 4 Years. Thanks, Thetagang . 4YR Performance. Thetagang Proverbs We Have All Forgotten: The Wheel is for preserving wealth NOT building it (buy/hold outperforms) Use it as a tactic to learn the mechanics then either get comfortable with margin or realize you are like 99% of humans who are better off with buying SPY ... Common play would be about $10-15 spread, collecting about 1/3 that width. Probably around 30 delta for the short options. 45ish DTE. Close at 50%, or manage at 21dte, whichever comes first. The problem with employing Iron Condors on SPY right now is that the Implied Volatility is really low.NOK really wasn't that much of a meme stock even in January, there was a little bit of a 'NOK Gang' smaller than gme, bb, etc, because a couple guys were making good money on options and wanted some lemmings to pile in and make that good money even better before they cashed out, thus, post unrealized gains to wsb.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.There was a video of oompa on YouTube where he went on omegle and came across someone in a gas mask using the edit stares in slave with the ussr anthem playing. It's for a long line of stuff I can't explain atm. I think it was a 1 million special or something like that. If someone can find it I have looked for it everywhere that would be dope. 1.10 Sept 2023 ... Anyone do theta strategies on futures? · There's no such thing. · Even if it was just the put (which can be cash secured), you'd have to be&n...Bill Nye the "Science Guy" got torn to pieces for his answer on Reddit. So we did his homework for him. Apparently, this is a question people ask, and they don’t like it when you m...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.

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.

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Theta is most effective starting at 45-30 DTE because theta decay is and exponential decay curve. thats when it starts to accelerate. so you are correct in this part. What i don't get is, as far as I'm aware, theta decay is higher the closer and option is to expiration. theta decay IS higher closer to expiration. and infact, the highest.r/thetagang • I am a longtime employee of one of the big firms that executes retail order flow from the likes of you guys. I'll answer the top five upvoted questions after work today. Hi thetagang, love the content and trolling in here :) I want to ask you guys today what your (options) strategy would be for a $4m depot. I am currently testing the wheel strategy with stocks I would own. I am in my mid 30s and would like to live off the cashflow (and never work for money again) Thanks in advance guys! Sort by: If we enter low volatility environments then running theta isn't great. You should only be applying thetagang approaches on high IV stocks exclusively if you want good returns. Personally I don't do theta on any stock under 100% IV. This is the best way to get good results from thetagang approach. TDA/TOS is overall better, IMO. Tastyworks is essentially TOS-lite. Tastyworks advantage is that they are far more lenient approving you for naked options trading. If you are a new trader with a smaller account and want naked options approval, I think Tastyworks is where you are going to want to be. Tastyworks is much better for options related ...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...You might not like my advice. What I tell most people who are, say, less than 40 years old (yes that's young to me) is that if you only have 10 or 20,000 dollars to invest, it's likely the best investment you can make is in yourself (education, health, training, etc.)205K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 ... As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Our goal is to help Redditors get answers to questions about Fidelity ... Adjust the legs to fit your personal risk vs reward, e.g., move the long legs in to 5 point spreads vs 10. If you are ready, select all legs and place as a single LIMIT order= Iron Condor. It will fill after a few minutes, as the LIMIT order seeks the combination of costs to fill it. Notice the combined Theta on the fill. However I then saw a the GT Zaskar LT Expert for $1,260 (MSRP $2,100) and the Elite model for $1,080 (MSRP $1,800) These seem like a good deal to me however I am not sure If the $300-400 gap is worth it against the Marin San Quentin 1 or should i break the bank and get the San Quentin 2 for $1,399.It’s called iron condor. Call and put credit spread. OG-chinatownbets. • 7 mo. ago. Started following @OnlySPXFans on Twitter who plays daily 0dte credit spreads on SPX. Starting to pick up strategy as it seems based on price action and trend. So I'll do my own analysis and follow along if I agree with trade.

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 ...Definitely this. I went to the school in the Brianerd area and lived 10 blocks south of that initially in another “boundary” me being a giddy two shoes child I wasn’t about any of it but was definitely aware of it all just not in the sense of hanging worth he wrong crowd.Theta Gang is the way to do it. Directional hero never leaves a good exit if your direction is wrong (especially in weeklies). I've been following some TastyTrade stuff lately & executing in a paper account (~45 days out, 15/20 Deltas, Vert Spreads & Iron Condors to manage). First thread 9h ago- “I’m new to options” Second thread just now- “Selling millions of dollars worth of naked puts” Amazing progress. Instagram:https://instagram. spectrum outage south pasadenaall you can eat china buffet near mespeak crosswordtaylor swift upcoming events 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. 6. No crypto. 7. Memes can be deleted if they are not funny. Sidebar. 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 language on this sub). No spamming of discord links, patreon links, referral codes or paid ... contigo amazongeneral hospital spoilers gh dirty laundry part 3 Just weekend musings. How long do you think will options selling remain profitable for retail traders? Will markets become efficient to the point… September was a bit tough, but came out mostly unscathed and recovered at this point. Basic outline: Sell SPX 7DTE 9-10Δ Put spread $40-$50 wide (target: $1.50+ credit) Roll at after 2 days (5DTE) If tested (within 1% or ~40Δ), roll out and down to lowest possible strike while still for a net credit. I am also playing with VIX call spread ... jensen ackles wiki 1 Dec 2023 ... ... reddit.com/r/ryeander/comments/188hbrn/account_balance_nov_302023/?utm_source=share&utm_medium=mweb. Last 4 week my account: +12.7%. Last 4 ... 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.