Thanks for sharing your trades. What delta do you select when selling options? Also, I watched one your older videos where you wanted to trade covered call on SPY and roll when strike price get tested. How did it goes? Where you able to sell covered call and keep your shares? Thank you.
everytime i get up to $1,900 from my measly $1,100 i go right back down happened over and over for the entire month, Robinhood don't want me to get over that $2k 😢
Yes, 658 give or take. This interest rate situation is an interesting twist because I do have to compare each trade to the 5% I could earn by taking no risk.
good video we did about the same as there were few opportunities. I started with. qqq too and sold that 2 or 3 times then did smci 3 times as good premiums, waited and sold on bigger names that dived after earnings that and TLT a few times. Wound up with more spreads as the low volatility scared me.
I figure it out on the fly. I don't use margin, so it's just the strike price x 100 x number of contracts. For example, one cash secured put with a $100 strike price is $10,000 of collateral.
I don’t have a rule about it. Everything in this account is cash secured and I’m willing to use all of the cash if conditions are right. This month I deployed around half or less of my cash at any one time. It didn’t seem like the right time to use any more than that in case the market turned around.
@@dukeofearlyretirement Could you define right conditions that would lead you to deploy more capital? And what type of market turnaround were you concerned about in January? A downturn? Thanks?
1. With the basic options selling strategies that I do, the ideal market is a flat market. Slowly trending up or down works okay too. So, if I *felt* that the market was going basically nowhere over the next 30 days or more, I would deploy more capital. Of course, I can't accurately predict the short term moves of the market, so this is all just a feel. 2. Yes, I was concerned about a market downturn, and didn't want to sell puts and use up all my capital if the market was about to go down. Because if the market goes down, there will be much better opportunities to sell puts.
How do you know to roll for a credit or roll for a debit when selling options?
Great video, thanks for documenting!
Thanks for sharing your trades. What delta do you select when selling options? Also, I watched one your older videos where you wanted to trade covered call on SPY and roll when strike price get tested. How did it goes? Where you able to sell covered call and keep your shares? Thank you.
dont you collect the interest as long as you are not assigned and own the shares? I could never figure it out mabye its different for fidelity and IB
Not at Robinhood, unfortunately, because the way they give you 5% is by sweeping the cash out to partner banks.
everytime i get up to $1,900 from my measly $1,100 i go right back down happened over and over for the entire month, Robinhood don't want me to get over that $2k 😢
If you made no trades and kept cash, how much would you make from interest? 650ish?
Yes, 658 give or take. This interest rate situation is an interesting twist because I do have to compare each trade to the 5% I could earn by taking no risk.
good video we did about the same as there were few opportunities. I started with. qqq too and sold that 2 or 3 times then did smci 3 times as good premiums, waited and sold on bigger names that dived after earnings that and TLT a few times. Wound up with more spreads as the low volatility scared me.
Yes, the low volatility makes it feel like the calm before the storm.
where are your collateral amts (Coll) being pulled from? on trade confirmation screens?
I figure it out on the fly. I don't use margin, so it's just the strike price x 100 x number of contracts. For example, one cash secured put with a $100 strike price is $10,000 of collateral.
How much cash do you like to keep on hand in an account like this versus what you deploy in trades?
I don’t have a rule about it. Everything in this account is cash secured and I’m willing to use all of the cash if conditions are right. This month I deployed around half or less of my cash at any one time. It didn’t seem like the right time to use any more than that in case the market turned around.
@@dukeofearlyretirement Could you define right conditions that would lead you to deploy more capital? And what type of market turnaround were you concerned about in January? A downturn? Thanks?
1. With the basic options selling strategies that I do, the ideal market is a flat market. Slowly trending up or down works okay too. So, if I *felt* that the market was going basically nowhere over the next 30 days or more, I would deploy more capital. Of course, I can't accurately predict the short term moves of the market, so this is all just a feel. 2. Yes, I was concerned about a market downturn, and didn't want to sell puts and use up all my capital if the market was about to go down. Because if the market goes down, there will be much better opportunities to sell puts.