/biz/ - Business & Finance

why do you want to help us? genuinely curious. Because if i found a cave that had gold treasures inside it, I wouldn't tell my village about it and keep it all for myself.

Anyway, your thread is options methods, is there one for spots? Where can I learn if there's one? or is it the same as options? Also, isn't options and futures are betting on upcoming outcome?

>>19048984

It's not comparable to "gold treasures" if all the information I know and that you could know is available online. It's how you are taught it, introduced, and ones understanding. I've been here for some time as well and I've learned a fair bit, regardless I enjoy helping others learn about something they might have an interest in (just as I had) since I do have a fair amount of free time and It's what I've just decided to do with said free time.

I'm not too familiar with SPOT trading, and I don't trade futures either, so I can't give you an accurate answer on that (though I assume SPOT trading might not share the same characteristics with options trading making it less appealing) So I would assume it isn't.

As well, options contracts aren't tied to upcoming events unless you're designing your methodology of trading around leveraging contracts characteristics & using short time frames with predictions. Personally I don't trade contracts that way which is more of a fundamental approach in my opinion than technical.

>>19049720
So you make money out of premiums with wide condors and a large stock base?

>>19049800

I do receive credit to my account from contracts that expire profitably / managed in my favor (laddering / closing positions early), which would be the premium I have collected so yes.

It's not always a spread such as an iron condor, in fact I make sure to diversify the types of spreads that I use as well since I'm all about centering myself around the market via beta - weighting / variety of spreads to help position myself for a more balanced outcome.

Regarding a large stock base, If you mean sector wise then yes. Plenty of diversity regarding that, as well considering conflicting markets that could devalue with one another. All these methods to balance yourself in the market aren't totally necessary, it's just a refinement of sorts for myself, it's all about properly priced trades and methodology that's back tested via reliable information (the greeks)

is there a site that has historical data of options?

>>19049959
Do you use any software or do you manually calculate the volatility of each underlying asset you sell options for?

Also thank you and goodnight.

>>19049961
When you say "Historical Data of options" I assume you're referring to premium of the contracts? There's a lot of "historical data" of different securities options tables but most of is is irrelevant since it's not concerning what's actually occurring. If you'd like to reference the historical premiums associated with strike prices regarding a security use
IV Rank (preferable) or IV percentile. In the previous thread I talked all about how IV rank/percentile is pretty much the only way to determine if a securities IV value is actually relatively "high" or "low", since the number you are given ex. 60, could actually be very low, or high, which is why IV rank/ Percentile exist.

>>19050085

When you say "Volatility" are you referring to the Implied Volatility (IV) value? What's your definition OR use case of the word "Volatility" (Like an indicator)?

You're answer however is most likely a yes since all of the information/values I receive come from the ToS platform (Think Or Swim hosted by TD ameritrade)


If you can elaborate of course I'd be happy to tell you.

>>19050947
I just want a website that gives the change in price of heaps of contracts over time

Hey anon, I don't want to bother you much, just a few questions.
How much money do I need to start trading options? The most recommendable amount
What platform can I use if I'm not in the US? If it supports paper trading, better
Throw me a few retardproof resources where I can start learning and go on from there

Also who is that greek you always talk about

>>19051178

The PREMIUM price of contracts is tied to the IV value of the security and VALUE wise by the current Extrinsic value or Intrinsic value the contract holds. So referencing IV Rank of a securities history would be your best bet.

I hope that helps, but sorry I don't have a website containing that information or at least haven't found one yet since I don't see the reasoning behind needing that, besides IV rank for historical information. If you can elaborate why it'd be beneficial, I'd be interested to hear.

I'm in a bad long call set to expire the 15th right now. Nothing dramatic, because I'm just using play money to learn.

How would you repair a long call set to expire worthless?

>>19051522
in options trading you make money by having the price of the contract move in a direction that gives you a profit
it would be obviously interesting to see how contracts' price change with respect to time

>inb4 there's too much intervariability for that to be useful
every measurable thing in our reality is intervariable

>>19051273

Bother as you'd like.

>How much money do I need to start trading options?
Completely depends on your trading style, so please paper trade and test your methodology, or just copy an already successful methodology. However $5000-$10,000 would be a fair estimate with position sizes for spreads being 2-3% of your total account. Never blow up your account, this isn't gambling, it's using probability to your advantage and positioning yourself around the market for better odds.

>What platform can I use if I'm not in the US?
AHHHH I don't know I'm sorry you'd have to find that out for yourself I do apologize, I've had this asked before and honestly it's something I'll have to look into but it shouldn't be to difficult with a few google searches (then again I haven't tried so...)

>Throw me a few retardproof resources where I can start learning and go on from there
Investopedia is an amazing website for all your niche questions.

You're lucky since nowadays youtube covers pretty much everything you could want to know with detailed videos, I'd recommend you check out "ProjectOption" and "OptionAlpha", as well as "SkyViewTrading" which visually in detail shows how option contracts work. (Visualization always help no?) Though the first two channels answer a bulk of questions you will have.

Options Greeks are values that are associated with an options contracts and are also dictated by the markets changes in the contracts. In other words, measurements of risk associated in the contract. (Even more information is always helpful!)

Hope this helped friend.

>>19051717
When people say risk "1% of your account"; are they talking about stop loss,maximum possible loss, or collateral requirement should be 1%?

>>19051627

I don't recommend trading naked contracts since the risk - reward versus use case is lacking and it's really more like gambling, so try to set yourself up with a spread next time which can be more intrinsically valuable to ladder and in some cases, necessary.

I don't stray from my trading methodology so don't feel like you should shunned for your decisions, they just don't apply to what I like or agree with. There's a video going over how spreads are favorable in almost every instance regardless if it's a Debit / Credit Spread, which should help you a bit.

https://www.youtube.com/watch?v=1SVswX2V_vE

I personally wouldn't make any adjustments based off of the information you're telling me, it seems fruitless. Another additional bit of information, it's okay to lose trades from time to time (you can't win them all, don't try), it's all about averaging, so you won't get anywhere without a strategy (I'm assuming you don't have one since you're still learning) Of course I'd be happy to point you in the right direction.

Laddering trades can help reduce loss or even roll a position into another trade, however whenever I create a position, the max loss I've already incorporated method wise and me losing that value wouldn't be problematic. I know that might seem like a lot for a simple question but it's really just what you need to know, most people trading naked contracts will never be successful/profitable unless they can predict events unfolding, which is not impossible, but not reliable.

>>19051957
Thanks for the info. I literally just started learning about spreads after making this call I'm under water in. That's how new i am.

I'll check out the vid.

>>19051900

Let's say you create a Credit Spread using 1% of your account, if your account was $10,000, the position size for the credit spread would be $100 (which is a bit low, which is why I said 2-3%) so $100 allocated to that spread.

>>19052011

Feel free to come back to these threads whenever you'd like, questions are always welcome. If you'd like a specific resource of course just ask and I can help you find it. Options trading is one of the best things you'll ever learn about, trust me, It's the best means of living I know.

>>19052030
So in this case the position size is the amount of credit received?
Also do you use stop losses or do you adjust your position as the trade develops?

>>19052061
OP, thanks for making these threads. I don't think I know enough to ask the right questions unfortunately, but I want to know more.
Can you point me to some resources? I don't need spoon-feeding, I learn well on my own as long as I can be pointed to the right resource. So far I just started breaking into Volatility Illuminated. Let me know what you think about that.

Thx op! Could you walk us through a recent trade you’ve made?

>>19052179

>So in this case the position size is the amount of credit received?
No, the position size is how much liquid (money) you have to spend, to actually create the spread

So for example, If I purchased a a Call contract with a $5 Premium, and sold a Contract for 8$ premium, I would have a credit to my account of $3, ( $8 received - $5 paid= $3 received )
However, you still had to spend money to actually create the spread and receive a credit (If you're doing a credit spread) It's the same applicability to a Debit spread (whereas you have a Debit from your account rather than a Credit).

So the position size is what we PAY to own the contract / spread.

>Also do you use stop losses or do you adjust your position as the trade develops?
I do both, management of trades is part of the game, since I trade off of probability and know a few of my trades are destined to be losers, I don't always need a stop loss, then again I have the time to regularly go over what I have. This is honestly up to personal preference (which some could argue but that's up to how you trade since there's so many variables) Your best bet would be using a Stop Loss/Limit Order or a Stop Limit Order, make sure you understand how all order types work and there benefits. It's definitely more complicated than just use it or don't (you'll learn why trust me) If you're not always available to manage positions, that's exactly what they are there for, input your predictive decisions about what you believe is a profitable target / exiting target and go from there.

Adjusting positions is definitely more complicated since you can either use adjustments laddering wise to improve a spreads profit, or hedge against potential losses. I don't make many adjustments though, it adds complexity which I try to avoid to streamline my process since there are always a slew of trades I have regularly expiring that I have to watch over. Managing positions can make them SO much more profitable.

>>19048836
http://freetofindtruth.blogspot.com/search?q=stock
https://gematriaeffect.news/?s=stock

Would you consider that the government/corporate pump and dumps are coordinated deeper than most people will ever know?
Gematria is an ancient practice of encoding numbers into language. The media encodes their propaganda. Not joking, its that fucking crazy.
Search for Elon Musk decodes and make sure you read Zachary K Hubbard-Letters and Numbers

Put credit spreads are your fren

>>19048984
>I wouldn't tell my village about it and keep it all for myself.
you are a subscriber to the false paradigm of scarcity.
There is abundant energy that humans have access too.
Government restricts energy, thats why its evil.
Money is the illusion of energy, which is why they are able to steal our actual energy through taxation, licensing, permits, prohibition

>>19052267

I appreciate the kind feedback (I live off of it) but seriously, don't feel afraid about asking something that might seem stupid, especially if you're struggling to put what you're trying to ask into words. Don't worry, it's almost impossible to spoon-feed anyone this information, it definitely requires dedication and interest, but who wouldn't want the monetary reward and freedom?

Investopedia is a great resource for complicated questions you might want to read up on, however youtube has tons of channels that you can reference from this post >>19051717
> I'd recommend you check out "ProjectOption" and "OptionAlpha", as well as "SkyViewTrading" which visually in detail shows how option contracts work. (Visualization always help no?) Though the first two channels answer a bulk of questions you will have.

>Volatility Illuminated
I've never found information in options trading handbooks to be helpful, but that's just because I'm so inclined to just do research online. I hope you can reference / pull information out of the book that might be beneficial, it's just everything is available online and then some. If you'd like, you can create a throw away email and post it here, and I'll send you a reply via mail if you'd like to ask anything in the future / if my thread isn't currently up.

All I ask is if you see my thread, maybe throw me a bump ya know? Thanks friendo.

>>19052626

>Would you consider that the government/corporate pump and dumps are coordinated deeper than most people will ever know?
It's probable, though I'm not trying to fight the existing system, more or less manipulate it to my best advantage. Honestly I could create another thread and talk about that but... It's just all so tiring...

>Gematria is an ancient practice of encoding numbers into language. The media encodes their propaganda. Not joking, its that fucking crazy.
Search for Elon Musk decodes and make sure you read Zachary K Hubbard-Letters and Numbers

I will definitely check out what you just said, It's actually quite late here where I am so I'm trying my best to stay awake but be forewarned I might vanish to bed in an hour.
>>19052720
Enlightened, nice name tag btw.

>>19048836

What’s your success rate? I’m paying $200/mo for an options alert service with a great success rate.... except last week they made a bunch of bad calls and it wiped out 4 weeks worth of gains

I’d gladly pay you for tips if you’re more consistent. I have a full time job and while I understand options trading to a decent degree, I don’t have time to watch charts/the market all day

>>19052647
This guy gets it.

Options Selling >>>>>>> Options buying

>>19052750
Awesome, thanks. Not able to make a burner atm, but I'll check out those channels and read through the other thread. This should be enough to get me going.

>>19052581
Excellent, thanks. I kept hearing people talk about option position sizing for risk management, but they never actually explained it like you did.
I have experience with stocks; if someone said only risk 3% of your $10,000 account on any one stock trade, then obviously you just buy $300 of stock. With option spreads I didn't understand how that translated.

I'm trading on JP Morgan's system and the only option selling I'm allowed to do are cash covered puts. What should I do?

>>19052940

Regarding win/loss ratio of contracts it'd be around 70% / 30% since my trades are based off statistical probability and a large population of trades. I never stray from a 65-80% Prob.ITM/ Delta value on the contracts traded, and thanks to IV overstatement and the advantages of being an options seller rather than a buyer, the win rate can be as high as 80% (regarding a somewhat large time frame ie a couple months.)

Alert services are honestly horrible in my opinion, either find a methodology that works for you, or don't trade at all. If you're relying on someone else, your success is tailored to their success. It's definitely probable there are alert services that could disprove me, it's just something I don't feel comfortable with, nor should you. Keep the $200, and increase your position sizes with a plan that works. Please paper trade with a strategy you have created yourself, or based off of a already successful strategy. (Like I did). It's far more rewarding, figuratively, and monetarily.

I'll make these threads as often as I can, and all the information / tips I have or will give are free. You can also trade options with a full time job, that's what complex orders are for, again you just need a strategy you can write down on paper that requires no emotional input or thought. Thought is applicable to management of trades, not creating them.

>>19053141

This will clarify position sizes for you even more (not definition wise), I hope this helps.

https://www.youtube.com/watch?v=ej_6uiQCjRE&t=1085s

>>19052940
You won't make it relying on a tips service. At best you can follow someone that suggests promising tickers(all free and knowing the right people to follow on twitter or whatever) and through your own experience you decide how and whether you should make a trade or not.
If you don't even have time on the weekend to research swing trades, then you should just hire a financial planner.

@ Everyone in this thread

I have to part ways in a bit, I'll see if I can throw another thread up tomorrow, it'd be a bit later though. I appreciate all the feedback and interest in the thread. Just fair warning if I can't reply to your question, feel free to post it in the next thread. Thank you to all.

>>19053222
>>19053258
I'll check out the video, thanks man.

>>19053240
This would definitely be the better alternative advice wise, others advice can definitely help steer you in the right direction, just having it be your strategy? Ineffective & Unreliable.

>>19053333
Quads of truth.

>>19052825
>Honestly I could create another thread and talk about that but... It's just all so tiring...
hey man, you should definitely exhaust this guys work.
im no expert but I have seen enough of this persons work where he proves it over and over.
America is fucking weird as fuck and was created after centuries of planning by the Dark Occult.

>>19050947
>anon asks about historical options prices
>OP repeats his copypasta about IV rank charts
another day on biz

>>19053258
peace
>>19053333
checked
gematriaeffect.news is the active blog. the other linked one has over 20k posts and many citations of stock market, and people like Elon Musk and Mark Zucc

check out these rituals where Presidents die by this code. Vert late in the 800 page book.

>tldr

Well, i do straddles on btc, 100% winrate so far. 15/15

Can you explain the symbol and percentages, new fag here

>>19053378
He's obviously phrasing his question in a weird way, it's not like I enjoy repeating myself, I've answered every other question posted here. I don't quite understand what "prices" he's regarding since that's not an actual term regarding anything. I thought he was regarding IV but I guess I'm wrong. If you can give him a resource for "option prices" historically, please do. I'd learn something. Again as I said, I've never had a need for the information he's inquiring about so there's that. I don't know everything after all.

Is there any websites to trade options with fake money. To try to better grasp it?

how do you feel about trading delta neutral?

>>19053466
That'd be Paper trading, plenty of brokerage platforms that allow you to trade have the Paper trading ability built in, like in ToS (Think Or Swim)

>>19053489
Ok thanks I really think I got it but would love to try a few times without the actual losing money aspect untill I actually get it.

>>19053509
Don't risk any Liquid / Money without testing a strategy with different variables. That's the only way you'll develop a reliable means of trading.

>>19053473
Going to bed now, ask this question in the next thread and I'll give you a flushed out answer regarding my opinion.

>>19053539
i think its the safest strategy, risk defined and gains capped, but you autists dont care about risk management

>>19053555

My whole trading methodology is based off of risk management friendo, that's my middle name. Risk management = Success. You'd know that if you read my previous posts. It's not a bad strategy, it's just not the ONLY strategy. You'll hear from me then though if you'd still like to know more. Thanks friendo.

>>19053447
do you know what a fucking price is? you can click a single option leg in TOS and it will show the chart for that for its duration-hes asking for that for backtesting. if he wanted IVR don't you think someone would say "how do I click 'add study- IVR' on the fucking chart?"

what am i missing?

>>19053623
Then please link a resource for said back testing / accessing the information for him. He's not asking for the DURATION, he's asking for historical information on a security's option chain from the PAST.

anon do you have discord? or a throwaway email

>>19053703
thats what hes asking YOU for
so you suddenly realize the difference between option chain price and IVR chart?

>>19053775
anotheroptionsanon@gmail

>>19053809
Thanks anon I sent you an email

>>19054022
I'll buzz you tomorrow friendo.

>>19054127
Sounds good man looking forward to the next thread

>>19053623
>>19053623
yeah I can't comprehend how he didn't get what I was saying. distressing

bump cuz im still reading the cross thread. can you get a trip op? Makes it a lot easier to search the archives later on.

>>19048836
What's your opinion on options signal discord groups? I was a member in one for about a month and the trader's signals that I witnessed were ~75% profitable. Are these groups as they appear? Just a talented trader giving entry and exits? I feel like there's a catch (apart from not actually learning to trade properly)