2024 Thetagang reddit - 205K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌

The "thetagang approach" is an extremely unsophisticated[1] option selling strategy even in the realm of retail trading. If I were you I would spend some effort on actually learning about options, options strategies, and how to implement options selling strategies.For some random biopharma stock I get it, but acting like SPY isn't as safe a bet as it gets to do covered calls is essentially saying that you think the apocalypse is coming. If SPY becomes worthless the world becomes worthless. Yes it's a good idea for God's sake. If you sell CCs, you're going to miss big gains on the days it goes up a lot.We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 ... This NDAX Reddit Community is a group where users can discuss features, trading, cryptocurrency and NDAX! #Bitcoin #Ethereum #XRP #Cardano #CryptoStaking Members Online. DOGE - Yahoo vs NDAX Price Chart Inconsistency - Limit buy not filled upvote · ...Extreme_Blueberry887. • 3 yr. ago. No, rolling option does not triggered wash sale. Different expire day options are considered "non-identical" options. I rolled in-money options until options expires worthless and never have wash sale. If you buy/sale options with same expire day, the loss is considered wash sale, regardless strike price.Theta! Glad you’re green. Watch your risk - I have a strong suspicion you’re a bit heavy on it. This is great but I can guarantee you it's not theta that gave you 50% gains ;) That's mostly delta and vega. Adjust the legs to fit your personal risk vs reward, e.g., move the long legs in to 5 point spreads vs 10. If you are ready, select all legs and place as a single LIMIT order= Iron Condor. It will fill after a few minutes, as the LIMIT order seeks the combination of costs to fill it. Notice the combined Theta on the fill. 26 Jul 2020 ... haha. SPX. Cash secured. I sell in the first 20-30min. When were at hard downtrend I sell the bottom and same with going up, sell the top. Aim ...I sell almost all at 30 delta in general. 93% win rate. Up over 40% YTD just over 800 positions entered. Complex_Mention_8495. • 2 yr. ago. I am wheeling only for about 2 months with ~10k US$, which basically results in three legs. I am rather cautious selling CSP way below a Delta of 0.3. More in the range between 0.15 and 0.25.First 250k cash and claiming 500k. This told me he was already planning on being way over leveraged claiming trading a 500k account when it is really only 250k in real capital. This is just blatant mis-stating and a red flag for potential of blowing up the account. 2nd the goal of generating 15k a month.The u/Theta-gang community on Reddit. Reddit gives you the best of the internet in one place. jump to content. my subreddits. edit subscriptions. popular-all-random-users | AskReddit ... Theta-gang 74 post karma 1,730 comment karma send a private message redditor for 2 years. TROPHY CASE. Two-Year Club. Verified Email. remember me reset …The CAGR of the SPX Theta Variable Delta Entry backtest (9:40am ET entry) is ~43% (assuming 6.25 years 1/1/16 - 3/28/22) and the CAGR of the Baseline 5 Delta IC Entry Backtest (9:40am ET Entry) is 14.5%. There is also a reduction to Drawdown, Significant increase in Win % and also Premium Capture Ratio on the Variable Entry System. So like many others i started theta gang 2023 after losing money playing wsb options. So far theta gods have been kind. Below is a summary of the year, hope to get feedback and learnings from the good folks here. Liquidated my company stocks Nov 2022 and decided to stop weeklies and start wheeling. Started with ~115k 45 DTE credit spreads vs weeklies. So I’ve done my fair share of credit spreads being mostly 7-9 DTE and and I had close to a 70% rate of success doing mostly put credit spreads on aapl spy amd. However the approximate 30% of losers which were not managed at that time were significant and ate up a huge chunk of those profits.However I then saw a the GT Zaskar LT Expert for $1,260 (MSRP $2,100) and the Elite model for $1,080 (MSRP $1,800) These seem like a good deal to me however I am not sure If the $300-400 gap is worth it against the Marin San Quentin 1 or should i break the bank and get the San Quentin 2 for $1,399. Sell puts on fear? : r/thetagang. NYCB. Sell puts on fear? Bad ER this morning for this publicly traded bank. Some made money on this exact same scenario last March 2023 during the bank scare. Thoughts on selling puts in the $2 to $4 range? I bought a few calls as a gamble. First thread 9h ago- “I’m new to options” Second thread just now- “Selling millions of dollars worth of naked puts” Amazing progress. 45 DTE credit spreads vs weeklies. So I’ve done my fair share of credit spreads being mostly 7-9 DTE and and I had close to a 70% rate of success doing mostly put credit spreads on aapl spy amd. However the approximate 30% of losers which were not managed at that time were significant and ate up a huge chunk of those profits. TOS is better in every other way. TW is actually $1.29 for options on most underlyings (more on SPX and others with higher fees), when you consider the fees. Normally $0.15 at open and $0.14 at close. The 15 and 14 aren't commissions, those are collected by options clearing house and the exchange. First 250k cash and claiming 500k. This told me he was already planning on being way over leveraged claiming trading a 500k account when it is really only 250k in real capital. This is just blatant mis-stating and a red flag for potential of blowing up the account. 2nd the goal of generating 15k a month.High IV Tickers List. *Some of the market cap data is off, so always double check before entering any plays! Ticker. Market Cap. Stock Price. IV (%) RIOT - Riot Blockchain... 4.82B. $71.84. GDX, XLU, and XLF are 3 of my favorite to trade options with in general right now. Honestly, I'll probably just be trading SPY, ES, or SPX, etc when my account gets a bit larger. My 401k that's 100% SPX fund beats the pants off any options shenanigans I can come up with. I’m up 180% on pltr calls. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 ... The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Python programming language. If you have something to teach others post here. If you have questions or are new to Python use r ...These are the two specific types of trades employed by the wheel, which is most common strategy among thetagangers. There are many other ways to trade. I would say the wheel represents a tiny fraction of all the ways to trade, and probably the least employed by knowledgable and successful traders. 2. curlingcoffeecake.High IV Tickers List. *Some of the market cap data is off, so always double check before entering any plays! Ticker. Market Cap. Stock Price. IV (%) RIOT - Riot Blockchain... 4.82B. $71.84. 205K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 1 Dec 2023 ... ... reddit.com/r/ryeander/comments/188hbrn/account_balance_nov_302023/?utm_source=share&utm_medium=mweb. Last 4 week my account: +12.7%. Last 4 ... These are the two specific types of trades employed by the wheel, which is most common strategy among thetagangers. There are many other ways to trade. I would say the wheel represents a tiny fraction of all the ways to trade, and probably the least employed by knowledgable and successful traders. 2. curlingcoffeecake. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 ... This NDAX Reddit Community is a group where users can discuss features, trading, cryptocurrency and NDAX! #Bitcoin #Ethereum #XRP #Cardano #CryptoStaking Members Online. DOGE - Yahoo vs NDAX Price Chart Inconsistency - Limit buy not filled upvote · ...ThetaGang is an IBKR trading bot for collecting premium by selling options using "The Wheel" strategy. The Wheel is a strategy that surfaced on Reddit , but has …Theta! Glad you’re green. Watch your risk - I have a strong suspicion you’re a bit heavy on it. This is great but I can guarantee you it's not theta that gave you 50% gains ;) That's mostly delta and vega.Definitely this. I went to the school in the Brianerd area and lived 10 blocks south of that initially in another “boundary” me being a giddy two shoes child I wasn’t about any of it but was definitely aware of it all just not in the sense of hanging worth he wrong crowd.In today’s digital age, having a strong online presence is crucial for the success of any website. With millions of users and a vast variety of communities, Reddit has emerged as o... Reddit's Goth Community, for goth music and subculture! Please check out our Wiki which features the rules and FAQ, and our sidebar which features many resources on goth music, (including recommendations and playlists) fashion, history, and scene. Beat the capitalists at their own game with ThetaGang 📈. ThetaGang is an IBKR trading bot for collecting premium by selling options using "The Wheel" strategy. The Wheel is a strategy that surfaced on Reddit , but has been used by many in the past. This bot implements a slightly modified version of The Wheel, with my own personal tweaks.30 delta isn’t part of the tasty best practices. That’s a thetagang thing, mostly directional put sellers. 30 delta is 1/2 of a standard deviation. TT usually recommends 1 standard deviation, which is around 16 delta. TT is more about delta-neutrality and probability. Thetagang is “I sell CSPs cause it seems like the cool thing to do.Learn how to use theta gang strategies to collect premium from options trading. Theta gang is a concept that capitalizes on the fact that the prices of options … Adjust the legs to fit your personal risk vs reward, e.g., move the long legs in to 5 point spreads vs 10. If you are ready, select all legs and place as a single LIMIT order= Iron Condor. It will fill after a few minutes, as the LIMIT order seeks the combination of costs to fill it. Notice the combined Theta on the fill. If you averaged that every week for the next year, you'd be at $1200*52 + $35000 = $97400 one year from your post. And two years from now, you'd have more than a $260k account. And this would be much more if you calculate it as a percent, such that the dollar value is actually a little higher each week.4 Feb 2024 ... You sell options when implied volatility is higher than will be realized. Of course nobody knows how much vol will be realized, so you have to ...17 Dec 2023 ... CSP's are the same thing, it's "free" until you don't end up being right. Now the differnece, is that with proper risk management you can come...There’s many strategies involved in theta gang, but wrapping my head around a covered call is where it started to make sense for me. I won’t cover early exercising or non-exercising of expiring ITM contracts because it’s honestly really rare that either of these would happen. Hope this helps :) ... r/thetagang • Thanks to Reddit, Thetagang. 10k to 100k in 5 months. 23k in deposits and 67k in steady profit from theta. After getting cleaned out from buying options I read a lot of the advice in here and learned how to effectively switch sides and sell options. First and foremost I recognize gains of this magnitude are attributable to the high IV environment we're currently in, and ... It's another CC fund that holds S&P500 basket, but adds CC using a swap contract with goldman sachs as it's counterparty for the returns (pay/collect) of the S&P500 daily covered call - call only index. It's just a fund that's made using this new S&P500 daily CC index. Interestingly, they show what CC strike the index would have sold yesterday ...Track your cost basis. Tracking your cost basis is easy now with the THETA GANG Tracker. Built by option trader Joonie, for option traders. Free-to-use and ad-free because of supporters on Patreon. Write in to [email protected] if you'd like a chance to show up here! A stock and options trading community logging their trades to share ideas ...The 51 DTE SPY 21-delta put is $340P. 11/18 exp. Last price $5.38. If you hold the 12 DTE position to expiration, you collect $2.29 or $0.19/day. If you hold the 51 DTE position for 11 days and close at 50%, you collect $2.69 or $0.24/day. This example is a little weird, because of where we are in the monthly cycles - the expirations go from 37 ...30 Nov 2023 ... YTD. Wheel. Been trading options for years. Long calls and long puts. Crazy what happens when it's not a bull market. ... I learned you have to ... 6. No crypto. 7. Memes can be deleted if they are not funny. Sidebar. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌. Please be civil in your discussions, no WSB language or swearing allowed (automod watches your language on this sub). No spamming of discord links, patreon links, referral codes or paid ... 6. No crypto. 7. Memes can be deleted if they are not funny. Sidebar. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌. Please be civil in your discussions, no WSB language or swearing allowed (automod watches your language on this sub). No spamming of discord links, patreon links, referral codes or paid ... IV can be low sometimes so you need many (preferably across many sectors). No more than 10-20 contracts at a time. No more than 5% of total account value at a time and more more than 40-50% buying power usage in total at a time. Although I do break these last two rules a lot. fenriswulfwsb • 2 mo. ago. 205K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 Let’s talk more about the “hyperwheel”. Giving credit to u/calevonlear for the term (not sure if you coined it, but might as well take credit). Reading through previous posts, the hyperwheel uses 1DTE sold puts on /ES. The notion of “potentially” needing a large sum of capital if/when you get assigned is currently out of the question ... 11 Jul 2023 ... r/thetagang Current search is within r/thetagang. Remove r/thetagang filter and expand search to all of Reddit. TRENDING TODAY. Search for ...Track your cost basis. Tracking your cost basis is easy now with the THETA GANG Tracker. Built by option trader Joonie, for option traders. Free-to-use and ad-free because of supporters on Patreon. Write in to [email protected] if you'd like a chance to show up here! A stock and options trading community logging their trades to share ideas ...Don't Get Your Holding Period Reset When Wheeling! The Tax Implications of Covered Calls Covered Call208 54. u/NELA730. • 19 hr. ago A real gang would bust at crooked / racist cops and stop gentrification. But instead yall snitching begging to be on no jumper and get no money. Respectfully 79% of gang members are broke and harm their own kind. ….respectfully elaborate. 38 54. u/sliminshitdown.A good mindset for the wheel is rather than buy a stock at $50 for example, an investor might set a buy limit order for $45 and wait for it. Theta gang could sell a $50 put and collect $500 and the investor and premium collector would have the same cost basis for the underlying.28 Dec 2023 ... Great, look at $docu too - stock spiked on the news that company is exploring sale, might be a dip buying opportunity.Beloved theta. The namesake of /r/thetagang. It's why we're here all here and why you're reading this. Theta represents the time value of an option. It's the extrinsic value of an …6. No crypto. 7. Memes can be deleted if they are not funny. Sidebar. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌. Please be civil in your discussions, no WSB language or swearing allowed (automod watches your language on this sub). No spamming of discord links, patreon links, referral codes or paid ...Discover how the soon-to-be-released Reddit developer tools and platform will offer devs the opportunity to create site extensions and more. Trusted by business builders worldwide,...4 May 2022 ... r/thetagang Current search is within r/thetagang. Remove r/thetagang filter and expand search to all of Reddit. TRENDING TODAY. Search for ...Advertising on Reddit can be a great way to reach a large, engaged audience. With millions of active users and page views per month, Reddit is one of the more popular websites for ... I’ve been trading for over two decades and taken many courses on investing and technical analysis. I’ve used a lot of different indicators but I find the simpler you keep it the better. The ones that I mainly use is the trend lines, Rsi, Macd, and the stochastics. Occasionally I’ll look at others like the bollingerbands. r/thetagang • Here's an update for my strategy of selling weekly puts and calls on SPY, the occasional IV crush from earnings, and beaten down stocks with either value or momentum stabilization. Week 20. 17 Dec 2023 ... CSP's are the same thing, it's "free" until you don't end up being right. Now the differnece, is that with proper risk management you can come...ThetaGang is an IBKR trading bot for collecting premium by selling options using "The Wheel" strategy. The Wheel is a strategy that surfaced on Reddit , but has …If you averaged that every week for the next year, you'd be at $1200*52 + $35000 = $97400 one year from your post. And two years from now, you'd have more than a $260k account. And this would be much more if you calculate it as a percent, such that the dollar value is actually a little higher each week.– Listen to r/thetagang: Covered calls after stock has gone down ~20%? by THETA GANG instantly on your tablet, phone or browser - no downloads needed. Top Podcasts28 Jan 2023 ... The Tasty Trade / Tasty Live videos on their website, and now on YouTube, were the best for me, providing you get past the feel good blather. Be ...High reward takes high risk which can cause losses or wipe out an account in time. Expect an average of 10% to 15% per year. If you start with $1M then you can make as much as $100K to $150K per year. If you start with $20K then it will take a loooong time to “get rich” . . . 24. drj1485 • 6 mo. ago.r/CombatFootage. Russian VDV storming an AFU position, one Russian soldier is seen using a surrendered soldier as a human shield. Near Bakhmut, February 2024. 3.8K upvotes · 485 comments. r/CombatFootage. 1200 mines used to demolish 7.2km long 50m deep tunnel in Gaza. Tunnwl had 5 entrances. 3.7K upvotes · 97 comments.Will like to spend under $500 for the 100 shares. Sundial is $1.35 now so 100 shares will cost $135. $2.5 Calls an expiration of the 26th will give me a premium of $18. (Take 8 times to make my money back) Same call expiring on the 1st will give me a premium of $23 dollars per contract. (Six times to make my money back)What do you guys think of Mr. Domm's safe wheel strategy? Youtube Link. He applies the collar strategy but with two additional puts. He buys three long-term puts and trades the wheel strategy using near-term options. The goal is to sell enough premium to finance the long puts. The put also act as a hedge to protect the portfolio if the stock falls.142 votes, 32 comments. 206K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! ... Welcome to Destiny Reddit! This sub is for discussing Bungie's Destiny 2 and its predecessor, Destiny. Please read the sidebar rules and be sure to search for your question before posting.30 delta isn’t part of the tasty best practices. That’s a thetagang thing, mostly directional put sellers. 30 delta is 1/2 of a standard deviation. TT usually recommends 1 standard deviation, which is around 16 delta. TT is more about delta-neutrality and probability. Thetagang is “I sell CSPs cause it seems like the cool thing to do.Are you looking for an effective way to boost traffic to your website? Look no further than Reddit.com. With millions of active users and countless communities, Reddit offers a uni... So like many others i started theta gang 2023 after losing money playing wsb options. So far theta gods have been kind. Below is a summary of the year, hope to get feedback and learnings from the good folks here. Liquidated my company stocks Nov 2022 and decided to stop weeklies and start wheeling. Started with ~115k What do you guys think of Mr. Domm's safe wheel strategy? Youtube Link. He applies the collar strategy but with two additional puts. He buys three long-term puts and trades the wheel strategy using near-term options. The goal is to sell enough premium to finance the long puts. The put also act as a hedge to protect the portfolio if the stock falls.10k to 100k in 5 months. 23k in deposits and 67k in steady profit from theta. After getting cleaned out from buying options I read a lot of the advice in here and learned how to effectively switch sides and sell options. First and foremost I recognize gains of this magnitude are attributable to the high IV environment we're currently in, and ...The other 1k $ I will use to buy US short term Treasuries (T-bills). IBKR only requires 1% margin for Treasuries with a maturity of less than 6 months -> this would imply a 100:1 leverage. quick calculation: the US-T GOVT Bill Oct04'22 has a ask yield of 2.248 %. 1000 $ with 100:1 leverage would mean 100.000 $ * 0,02248 = 2248 $ return (minus 5 ... The wheel is not meant to be a delta play, it is really a short volatility strategy which benefits from theta (as all short vol strategies do). You trade the wheel to collect the vol premium imbedded in options. It’s not meant to outperform buy and hold. If you want deltas buy calls, bullish spreads or straight shares. 6 Jan 2023 ... 0.75% a week is an annual return of 47.5% when compounded. This is not possible by anyone, and you will suffer heavy losses at one point. I do ...Thinking of selling covered calls on IWM M/W/F. I have about $14,000 and plan on buying 100 shares of IWM by using margin. I would be selling covered calls with ~.30 delta. The plan is to a sell a CC on Monday for the same day expiration, sell a CC on Tuesday for Wednesday expiration and sell a CC on Thursday for Friday expiration.Let’s talk more about the “hyperwheel”. Giving credit to u/calevonlear for the term (not sure if you coined it, but might as well take credit). Reading through previous posts, the hyperwheel uses 1DTE sold puts on /ES. The notion of “potentially” needing a large sum of capital if/when you get assigned is currently out of the question ... If we enter low volatility environments then running theta isn't great. You should only be applying thetagang approaches on high IV stocks exclusively if you want good returns. Personally I don't do theta on any stock under 100% IV. This is the best way to get good results from thetagang approach. 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208 54. u/NELA730. • 19 hr. ago A real gang would bust at crooked / racist cops and stop gentrification. But instead yall snitching begging to be on no jumper and get no money. Respectfully 79% of gang members are broke and harm their own kind. ….respectfully elaborate. 38 54. u/sliminshitdown.. To live up to the five consumer commitment standards

Iron Butterflies (Jim Olson) Hey guys, recently I read about a 0DTE SPX Short Iron Butterfly strategy developed by someone named Jim Olson. I saw quite a few people referring to him on Reddit posts after some googling but can't seem to find the original person's work/theory. Don't Get Your Holding Period Reset When Wheeling! The Tax Implications of Covered Calls Covered CallMiddle schoolers getting into fights and doing all this brutal stuff is prbbly an exaggeration I think, but many delinquents who are in the Yakuza or Bosozoku (biker gangs) usually join at the age of 16 or 17. You’d be over allocated and a down move in SPY would wipe your account. Also, a long call has a lot of extrinsic that you’ll bleed. If you were to open a backspread with around 100 deltas and minimal extrinsic on SPY, or sell an ATM put and buy an ATM call, it would be more like $8k either in debit or capital requirement. r/thetagang. The u/Theta-gang community on Reddit. Reddit gives you the best of the internet in one place. jump to content. my subreddits. edit subscriptions. popular-all-random-users | AskReddit ... Theta-gang 74 post karma 1,730 comment karma send a private message redditor for 2 years. TROPHY CASE. Two-Year Club. Verified Email. remember me reset … imjealousyes. MOD. My first 30 days of theta focused trading. Background: I opened an account on July 23rd and it was fully funded for the opening bell on August 3rd. Today marks my 30th trading day completed (first position was opened on August 3rd). My account was funded with exactly $40,000 and I have followed this procedure for ~85% of trades. ... Reddit · Advertise · Help · Blog · Careers ... thetagang icon. Go to thetagang · r/thetagang 1 mo. ago. satireplusplus. ADMIN MOD. Join. Opti...1 Mar 2024 ... ... reddit.com/r/thetagang/comments/1b2vy9i/comment/ksphuwt/. Captured the $175P at $3.50 for $900 (+72%). The $210C is in bad shape though. Will ... Adjust the legs to fit your personal risk vs reward, e.g., move the long legs in to 5 point spreads vs 10. If you are ready, select all legs and place as a single LIMIT order= Iron Condor. It will fill after a few minutes, as the LIMIT order seeks the combination of costs to fill it. Notice the combined Theta on the fill. The CAGR of the SPX Theta Variable Delta Entry backtest (9:40am ET entry) is ~43% (assuming 6.25 years 1/1/16 - 3/28/22) and the CAGR of the Baseline 5 Delta IC Entry Backtest (9:40am ET Entry) is 14.5%. There is also a reduction to Drawdown, Significant increase in Win % and also Premium Capture Ratio on the Variable Entry System.The CAGR of the SPX Theta Variable Delta Entry backtest (9:40am ET entry) is ~43% (assuming 6.25 years 1/1/16 - 3/28/22) and the CAGR of the Baseline 5 Delta IC Entry Backtest (9:40am ET Entry) is 14.5%. There is also a reduction to Drawdown, Significant increase in Win % and also Premium Capture Ratio on the Variable Entry System. You still can contribute to a Roth. It just takes an additional step. Contribute to a Traditional IRA then immediately make a Roth conversion. It's known as the backdoor Roth. There aren't currently income limitations on conversions to Roth. Though, some of the current tax change proposals would change that. r/thetagang • I am a longtime employee of one of the big firms that executes retail order flow from the likes of you guys. I'll answer the top five upvoted questions after work today.ThetaGang is an IBKR trading bot for collecting premium by selling options using "The Wheel" strategy. The Wheel is a strategy that surfaced on Reddit , but has been used … Reddit's Goth Community, for goth music and subculture! Please check out our Wiki which features the rules and FAQ, and our sidebar which features many resources on goth music, (including recommendations and playlists) fashion, history, and scene. Learn how to use theta gang strategies to collect premium from options trading. Theta gang is a concept that capitalizes on the fact that the prices of options …Here are some helpful Reddit communities and threads that can help you stay up-to-date with everything WordPress. Trusted by business builders worldwide, the HubSpot Blogs are your...In today’s digital age, having a strong online presence is crucial for the success of any website. With millions of users and a vast variety of communities, Reddit has emerged as o...High reward takes high risk which can cause losses or wipe out an account in time. Expect an average of 10% to 15% per year. If you start with $1M then you can make as much as $100K to $150K per year. If you start with $20K then it will take a loooong time to “get rich” . . . 24. drj1485 • 6 mo. ago.– Listen to r/thetagang: Covered calls after stock has gone down ~20%? by THETA GANG instantly on your tablet, phone or browser - no downloads needed. Top Podcasts Selling naked options can expose you to extreme risks, and to ignore it is simply reckless. It's more important to avoid a huge loss than to make a huge profit, because all it takes is one big loss on a trade to make recovering from it impossible, ending your career in theta gang. The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Python programming language. If you have something to teach others post here. If you have questions or are new to Python use r/learnpython STO - MSFT PCS 2/18 $315/305. STO - NVDA PCS 3/18 $250/240. Closed PMCC on AAPL $120/$165 for a 41% total gain (including net credits etc) while the underlying was up 20% same time period. Happy days. Reply reply. TABid-5073. •. +2.75% today. Mostly from some naked calls on NVDA and TSLA. It’s called iron condor. Call and put credit spread. OG-chinatownbets. • 7 mo. ago. Started following @OnlySPXFans on Twitter who plays daily 0dte credit spreads on SPX. Starting to pick up strategy as it seems based on price action and trend. So I'll do my own analysis and follow along if I agree with trade.There's a <a href=\"https://hub.docker.com/repository/docker/brndnmtthws/thetagang\" rel=\"nofollow\">prebuilt Docker image\nhere</a>.</p>\n<p dir=\"auto\">To run …BTO 25 Mar 260p for $1.39ish (2 contracts)STO 25 Mar 270p for $2.37ish (1 contract) for a net cost of $0.98 ($0.92 is the mid as I look now on this exact trade). So the real cost is $92 per back ratio. If nothing happens and MSFT stays above $270 then it costs $92 to hedge your $30,000 investment of 100 shares.r/thetagang • I am a longtime employee of one of the big firms that executes retail order flow from the likes of you guys. I'll answer the top five upvoted questions after work today.16 Dec 2020 ... 2% per week is fucking dangerous IMO. If you sell naked like I do you can do 5% a month with moderate acceptable risk. I personally think you ...212K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌A couple tips from my 3 years of for the most part trading credit spreads. Doesn’t matter your strategy risk management and controlling emotions is key. always have an exit… whether alerts or stop loss depending.TDA/TOS is overall better, IMO. Tastyworks is essentially TOS-lite. Tastyworks advantage is that they are far more lenient approving you for naked options trading. If you are a new trader with a smaller account and want naked options approval, I think Tastyworks is where you are going to want to be. Tastyworks is much better for options related ...Extreme_Blueberry887. • 3 yr. ago. No, rolling option does not triggered wash sale. Different expire day options are considered "non-identical" options. I rolled in-money options until options expires worthless and never have wash sale. If you buy/sale options with same expire day, the loss is considered wash sale, regardless strike price.Even Akatsuki is 🔥, especially with Itachi and Pain. 2. n0limitt • 2 yr. ago. Much love to the spider but the greatest gang is definitely the Straw Hats imo. 1. lickety_split_69 • 2 yr. ago. Machi looks about 4. 1.Don't Get Your Holding Period Reset When Wheeling! The Tax Implications of Covered Calls Covered Call IV can be low sometimes so you need many (preferably across many sectors). No more than 10-20 contracts at a time. No more than 5% of total account value at a time and more more than 40-50% buying power usage in total at a time. Although I do break these last two rules a lot. fenriswulfwsb • 2 mo. ago. 28 Dec 2023 ... Great, look at $docu too - stock spiked on the news that company is exploring sale, might be a dip buying opportunity.Theta gets more interesting when you can actually afford assignment, but yes selling super way otm contracts at 6 months+ and just letting it age like cheese or an athletes foot infection is an option for me and I dabble.Even Akatsuki is 🔥, especially with Itachi and Pain. 2. n0limitt • 2 yr. ago. Much love to the spider but the greatest gang is definitely the Straw Hats imo. 1. lickety_split_69 • 2 yr. ago. Machi looks about 4. 1.First 250k cash and claiming 500k. This told me he was already planning on being way over leveraged claiming trading a 500k account when it is really only 250k in real capital. This is just blatant mis-stating and a red flag for potential of blowing up the account. 2nd the goal of generating 15k a month.SoMuchRanch. $200k -> $3M+ in 4 Years. Thanks, Thetagang . 4YR Performance. Thetagang Proverbs We Have All Forgotten: The Wheel is for preserving wealth NOT building it (buy/hold outperforms) Use it as a tactic to learn the mechanics then either get comfortable with margin or realize you are like 99% of humans who are better off with …29 Jul 2022 ... Opinions on my Theta Gang Strategy. · it is much better to sell vol on stocks where IV is low, this is well documented- see Euen Sinclair's ...Gravity-Rides • 2 yr. ago. I don't know all the ins and outs of the brokers but I can tell you 1) Close all your spreads before expiration. 2) Close your positions if your short strike is breeched before expiration to avoid early assignment. 3) Make sure the contracts you are trading have decent volume and open interest.erfarr. • 3 yr. ago. If you want to sell a CC it’s sell to open. If you received 50-75% of the premium then you can buy to close your CC and close out that call. Or you can wait till expiry and collect the entire premium. If you want to do non theta gang strats and buy calls/puts then you would do buy to open.Thetagang tends to reduce volatility on a given underlying at the expense of some returns. However, if you are targeting at +200% IV underlying, you should still expect a very high portfolio volatility.Reddit is a popular social media platform that boasts millions of active users. With its vast user base and diverse communities, it presents a unique opportunity for businesses to ...Posted by u/bleakheat - No votes and 20 commentsStep 4. Compare your trades to your theo price. It's a good thing I didn't fall for that $0.10 bid a bit higher on my short call trade - it's theo price is actually $0.2392, rounded to $0.24! In this trade I shorted exactly at $0.05, but the theo price is $0.042, rounded down to $0.04, so I'm slightly ahead of the fair price at the time of the ...GDX, XLU, and XLF are 3 of my favorite to trade options with in general right now. Honestly, I'll probably just be trading SPY, ES, or SPX, etc when my account gets a bit larger. My 401k that's 100% SPX fund beats the pants off any options shenanigans I can come up with. I’m up 180% on pltr calls.I’m tryna join theta gang. Currently looking for a stock to start the wheel. Because of my risk tolerance, current available funds, and the amount I need to put in to make ok money, I’ll put at most 4K into this. It has to be a reliable stock trading for 15-40. The higher the price the better it has to be as a long term hold. Theta and theta decay are the core of any premium selling strategy. Pretty much any trade I make has the amount of theta and premium I collect in mind. A simple method I use is to make trades based on the credit received. A $10 wide put spread should collect around $150 for a month. A website’s welcome message should describe what the website offers its visitors. For example, “Reddit’s stories are created by its users.” The welcome message can be either a stat...High IV Tickers List. *Some of the market cap data is off, so always double check before entering any plays! Ticker. Market Cap. Stock Price. IV (%) RIOT - Riot Blockchain... 4.82B. $71.84.Let’s say you wish to sell a 3350 put on it expiring whenever. So you need to put up the margin requirement for 3350 x 100 = 335,000. At my broker (etrade), margin requirement for ‘naked’ options on SPX is 20%. So in this example I need to have $67,000 available in buying power at the minimum to make this trade.6 Aug 2022 ... r/thetagang Current search is within r/thetagang. Remove r/thetagang filter and expand search to all of Reddit. TRENDING TODAY. Search for ...We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 ... As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Our goal is to help Redditors get answers to questions about Fidelity ...You still can contribute to a Roth. It just takes an additional step. Contribute to a Traditional IRA then immediately make a Roth conversion. It's known as the backdoor Roth. There aren't currently income limitations on conversions to Roth. Though, some of the current tax change proposals would change that.... Reddit · Advertise · Help · Blog · Careers ... thetagang icon. Go to thetagang · r/thetagang 1 mo. ago. satireplusplus. ADMIN MOD. Join. Opti...9 Jan 2024 ... r/thetagang Current search is within r/thetagang. Remove r/thetagang filter and expand search to all of Reddit. TRENDING TODAY. Search for ...Seems to my like a buy-write is just entering the wheel on step 3, which is a fine place to enter the wheel but of course it means not buying the underlying at a discount with a CSP (or never buying it at all and just infinitely profiting on CSPs).20 May 2022 ... Your performance depends on your strategy and there's no way to say what the best strategy is because every market environment is different. The ...Reddit r/ThetaGang was interested in the Wheel Options Strategy tracker I posted yesterday so I went ahead and made a video explaining the various columns and …It’s crazy to me that most people focus on taxes as a reason not to trade, when they really should be focusing on MENTAL HEALTH. Most people should not be …The "thetagang approach" is an extremely unsophisticated[1] option selling strategy even in the realm of retail trading. If I were you I would spend some effort on actually learning about options, options strategies, and how to implement options selling strategies.SPX 0DTE theta gang. I’ve been practicing this for 4 months now, grinding through different market conditions, slowly scaling up, and I reached a point where I can consistently make ~$1k/day (on roughly $30k BO), selling PCS, CCS, condors, flies, etc. I’ve been on a winning streak for over two weeks now, but I’m staying humble and careful.In today’s digital age, having a strong online presence is crucial for the success of any website. With millions of users and a vast variety of communities, Reddit has emerged as o...I’ve been trading for over two decades and taken many courses on investing and technical analysis. I’ve used a lot of different indicators but I find the simpler you keep it the better. The ones that I mainly use is the trend lines, Rsi, Macd, and the stochastics. Occasionally I’ll look at others like the bollingerbands.Hi All, Looking for a recommendation on how everyone scans for companies to run the wheel strategy on (or any strategy to be honest). I know about finviz, barchart, etc., but I'm really looking for criteria you use to pick the companies to trade this type of strategy. I'm fairly new to selling options, mainly because I never liked trading stocks.I’m tryna join theta gang. Currently looking for a stock to start the wheel. Because of my risk tolerance, current available funds, and the amount I need to put in to make ok money, I’ll put at most 4K into this. It has to be a reliable stock trading for 15-40. The higher the price the better it has to be as a long term hold.Selling CSP on SPY 383 strike collects $1094 in premium on around $38,100 of capital = Percent of Capital 2.87%. Selling ATM Put on /MES with cash in account equivalent to notional value, so around $18,800. This would collect $616 in premium = Percent of Capital 3.28%. Selling ATM Put on /MES with $9,400 of cash in account = Percent of Capital ... Reddit's Goth Community, for goth music and subculture! Please check out our Wiki which features the rules and FAQ, and our sidebar which features many resources on goth music, (including recommendations and playlists) fashion, history, and scene. If you need help with that I created an Options for Beginners guide that really breaks down the basics of options contracts without getting too overly technical. Here are the 4 popular theta gang strategies I’ll cover [Click to Skip Ahead]: Put Credit Spread. Call Credit Spread. Naked Puts / “The Wheel”.– Listen to r/thetagang: Covered calls after stock has gone down ~20%? by THETA GANG instantly on your tablet, phone or browser - no downloads needed. Top PodcastsFor a 10-point wide spread the pricing on it was actually better than the price of a 10-point SPY or XSP spread. i.e. I just looked at 17 Jun (42dte). The spy/XSP 375/365 ps was around 1.31-1.35. The SPX 3750/3740 ps was around 1.45. Same $1000 of capital, same over/under line, but a higher premium on SPX, plus the better tax advantage.I’ll include indexes too. Mine in no particular order are GOOG, AAPL, MSFT, GME, and SPY. What are yours? I should probably diversify a bit, I tell myself to be involved in different sectors but at least SPY covers a lot (though also heavily weighted with those first 3).Theta has been one part of my effort to achieve financial independence, which I have written about in FIRE threads. This post documents my experiences with theta over 13 years, what my key lessons have been, and how I have matured as a theta trader. Theta is a hobby. 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