I'm working my way through your trades. Really interesting and more complex then I'm used to seeing. I wish I would have looked them over last week when the numbers were more current.
Congradulations on your tradingTom. I really enjoy your videos. Nice x-mas decorations, your front room looks like something from a Norman Rockwell portrait.
Great work! Merry Christmas.... Suggestion- on your VOO and Square (or any for that matter) consider doing a Poor man's covered PUT alongside your PCC, at the same time....they offset and increase your return substantially. As long as the underlying stock doesn't move more than, say, 10% in any given week, it increases your return at least 2x. The issue I have with naked puts is the reserve requirements are so high, so I prefer calendars (long dated against weekly), until I find something better. Another idea- Jade Lizard with inverse Jade Lizard on the same stock. I went to the Phoenix Tasty event a couple of weeks ago....I think I mighta seen you. It was great to meet everybody. Lotta fun!
I'm currently doing spreads on IWM and buying the TNA weekly as insurance against volmageddon. And I expect to make zero from it every week. If I'm rolling dailies on the IWM I want that protection, given what happened a couple of weeks ago. That TNA put insurance saved my heiny- a 1 to 1 ratio on the number of open positions I have, several strikes out of the money so it's cheap. I didn't have this figured out in November, unfortunately. Big draw-down. No fun finding yourself in the bottom of the red belly of a curve analysis...and now the insurance is expensive (IV). Therefore, you buy insurance as part of the plan...in fact now I buy it before I place the actual trade, using buying power there first. Expensive lessons. I also buy UVIX on the weekly, just because...and I expect it to expire worthless....but I know it's there...at least 1% of my account value every week. In another volmageddon (they do happen), it'll 10x very quickly and save my account. If I'm rolling calendar spreads of PMCC and PMCP on a given stock (I like AMD right now), that's 8% per week. Pretty damned good and deserving of some insurance to protect against a sudden change!
I used to follow you before and now I'm checking in again. Aren't you trading the 1-1-2 anymore? I thought it was almost the only thing you said was good back then.
I'm working my way through your trades. Really interesting and more complex then I'm used to seeing. I wish I would have looked them over last week when the numbers were more current.
Congradulations on your tradingTom. I really enjoy your videos. Nice x-mas decorations, your front room looks like something from a Norman Rockwell portrait.
I' recently discovered your Discord, Amazing what i learned, thank you n Igor,,
Thank you for everything !
G a i I I i
Great work! Merry Christmas.... Suggestion- on your VOO and Square (or any for that matter) consider doing a Poor man's covered PUT alongside your PCC, at the same time....they offset and increase your return substantially. As long as the underlying stock doesn't move more than, say, 10% in any given week, it increases your return at least 2x. The issue I have with naked puts is the reserve requirements are so high, so I prefer calendars (long dated against weekly), until I find something better. Another idea- Jade Lizard with inverse Jade Lizard on the same stock. I went to the Phoenix Tasty event a couple of weeks ago....I think I mighta seen you. It was great to meet everybody. Lotta fun!
I'm currently doing spreads on IWM and buying the TNA weekly as insurance against volmageddon. And I expect to make zero from it every week. If I'm rolling dailies on the IWM I want that protection, given what happened a couple of weeks ago. That TNA put insurance saved my heiny- a 1 to 1 ratio on the number of open positions I have, several strikes out of the money so it's cheap. I didn't have this figured out in November, unfortunately. Big draw-down. No fun finding yourself in the bottom of the red belly of a curve analysis...and now the insurance is expensive (IV). Therefore, you buy insurance as part of the plan...in fact now I buy it before I place the actual trade, using buying power there first. Expensive lessons. I also buy UVIX on the weekly, just because...and I expect it to expire worthless....but I know it's there...at least 1% of my account value every week. In another volmageddon (they do happen), it'll 10x very quickly and save my account. If I'm rolling calendar spreads of PMCC and PMCP on a given stock (I like AMD right now), that's 8% per week. Pretty damned good and deserving of some insurance to protect against a sudden change!
Merry christmas 🎄
I used to follow you before and now I'm checking in again. Aren't you trading the 1-1-2 anymore? I thought it was almost the only thing you said was good back then.
@@staffan_ofwerman Yep, I still trade the 112 consistently. Strangles, Naked puts, covers calls, PMCC and Jade Lizards as well.