Recent content by Shawty_

Hello Dear Fellow Traders, What approach do you take to set up a Butterfly Spread? How do work through the strike spread? Higher spread = higher profits, but also = higher cost, and how can you ensure your short strike is at price at expiration? Looking for some advice from experienced...

Hello everyone, Is anyone willing to give their hard earned :) insight into trade timing? For example, we know trend happens and volatility happens, but what tools do we have to time it? Stock XYZ is trading at $45 and correlating with the uptrending market with an IV of approximately 15%...

Oh, I see. Got it.

Who's Softie?

Hi Carryon, Thanks for your reply. I totally understand your response. Since the start of this thread I've made so much headway in studying and practicing that I can feel the truth in your reply directly in my bones. I go through periods of hopelessness, but all in all, I haven't proven to...

How far out do you all normally trade (do you buy/sell 3 days to expiration, 5 days, 14 days out)? In the past one thing that lost money is trading too close to expiration. But when you trade too far out (14 days, 30 days) although you have a better opportunity to take profits, the profits are...

I love options. They are so flexible and can be used with a plethora of various strategies. They can be used to hedge risk. They can lead to loss of your entire account :) What strategy do you use to trade options? Here are some examples: 1. You make a price prediction on the underlying...

I can't recall who brought up the topic of spreads and that I must have some knowledge of risk, not sure if someone deleted a response. I'll say that yes, I had experience with both naked options and spreads and learned the risk of naked trading early on and was smart enough to implement spread...

I know I might be asking the question of the century, but why not? Can you name the indicators you saw in Microsoft's chart to reflect the impending selloff? Was it a political event that fueled the selloff? Could you tell it wouldn't rebound, and if not, what strategy did you rely on to tell...

Can you either personally go into statARB or recommend a good educational source? Also in regard to your advice - I appreciate your advice in the same way I appreciate all other posters. There's plenty of time for me to go away. I'll consider it at some point.

Stan, I appreciate your words. It was factually heartbreaking because I was asking for trouble and I got it. I simply couldn't absorb the level of risk in front of me. Like many rookie traders, I saw my life in this. I still do to some degree but I am extremely jaded. Do small time traders...

Hello, Both. I was trading spreads. If I had bet less I would've been better off. Lesson learned.

The short story: grief stricken. Depressed. Invested into options trading and made a windfall, then, literally, lost it all, practically in one trade. I didn't know this at the time, but I got VERY lucky. Now I know. What did I do wrong? Practically everything. Huge position size. No risk...

I had an iron condor on SPY expiring today, 6/21 in the below fashion. Call Spread - Sell 295 Buy 297 Put Spread - Sell 290 Buy 288 I was doing very well until yesterday, when SPY decided to quickly reverse back up into 296 area at the end of the day. My thought process: Yesterday was the...

India announced retaliatory tariffs on US exports following expulsion from a trade preference program. The tariffs went into effect today. Over the past week I've watched the SPY hold 289, but I'm concerned the India tariffs will drive this down at least temporarily. What I don't know...