/biz/ - Business & Finance

>>54420070
>By the way, how much APR% do you get from your option writing?
Depends of the mode here, with a plan credit spread I aim to get a minimum of an 80-100 credit when possible but I close out at a profit of 50. Maximum risk is around 400-420ish.
This is primarily on SPX/RUT credit spreads.
On the Put Condors when I sell those I normally let them expire worthless and aim to get similar ratios. However Put Condors are tricky given the valley of death and with indexes you do need to make them somewhat wide to get a good credit. However with indexes since they do move if you give it time it's more or less fine.

>Whats your win%, also?
A solid 80% but the remaining 20% can be outright devastating. In particular, I had to lick some wounds when the market imploded when the war broke out last year.
Issue I had, I got way too comfortable with just SPX credit spreads and didn't bother to manage it when shit hit the fan besides just rolling. Sure I preserved some capital but my ability to actively pick a direction when the market is choppy was bad.
That said that's been solved via selling Put Condors and selling Put butterflies since it's directionless for the credit.