/biz/ - Business & Finance

>>16356885
this is a long strangle board only
sage

>>16356941
ur moms a long strangle board

>>16356885
Who else here /tastytrading/

>t.snosnoff

Way too high iq for bizlets

>>16356961
you are dad is

>>16356885
I understand the concept but imagining the implementation is too much to wrap my brainlet head around.

>>16357309
sup

>>16357327
Just set your strikes 1 SD outside the current price with a 45 DTE option. Manage your winners at 50%.

>>16357822
Checked and based

>>16357309
θ reporting in

>>16357846
>>16357822
Proud of you guys

>>16356885
>using this strategy when i trade volatile shitcoins and micro-caps that could move against me and bankrupt me in a second
uhmmm no sweety

>>16357872
You do realize that we can use this board to talk about real underlyings right?

> yikes

>>16356885
because I sell 2 sigma iron condors

>>16357930
i dont understand what you're trying to say

i dont think there's even options products available for half of the stuff i trade, so why would i use short strangles when it's not even possible for me?

>>16356885
Can you explain it in more detail anon?

>>16357948
We're talking about stock options broski. And inb4 /boomer/ its a much more efficent and liquid market than bitcoin and shitcoins if you choose the right underlying. Not that those arent fun to trade either, but the market makers have a truly disproportionate amount of power when it comes to crypto. Sure there a lack of edge in stocks for retail traders but at least you can still do well for yourself. Crypto is a different animal though and unfortunately for all of us it isn't 2017 anymore. Gotta go where the money is for now.

>>16358021
It's an interesting strategy, but if a stock moons you are FUCKED. But an easy way to make money if you can forecast volatility well. Seems very "picking up pennies in front of steamroller" though

>>16358046
keep your positions conservative and you have nothing to worry about
Unless, you want to go all james cordier, then do what you want

>>16358046
It can be. But if you don't trade around binary events like earnings you should be ok. Sure you're not going to win every trade but on a long enough timeline with probabilities in your favor (determined by IV), and not putting on a position worth more than 1 or 2% of your liquidity should it go wrong, this is a good way to make decent returns. It also depends on how you pick the underlying as well. The data says you should target stocks with options that have an IV >= 30% with at least 45 days until expiration. That way there's enough theta decay in your favor should the stock start going the wrong way and you can either roll your position or sell it all together. I would definitely stock to long options before you start selling naked strangles but once you get more comfortable it can be a viable strategy. Just food for thought.

>>16356885
im more of a covered call kinda guy

>>16358424
Safe play no doubt.

>>16357309
i miss old soss so much when it was just him and tony and he would just start yelling about a jpm investor letter for like 10 min and then the segment eventually ended..
now its kinda overproduced with all the other idiots

>>16358946
Ya I feel ya. There's still some nuggets in there though. I don't think they've changed that much. Right?

>>16358946
That picture is like a universal truth.