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”. For stock options in a cash account: 1) Full payment must be made for all call and put purchases. 2) Covered call writing is allowed, but the underlying stock must be available and is then restricted. 3) Naked put writing is also allowed, but the funds must be available and then are restricted. You must have stock cash trading permissions in ... 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. 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 …198K subscribers in the thetagang community. We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌4 days ago ... typically 45 DTE with exit around 21, but i'll also trade condors and spreads 2 weeks out and sell on friday 1 week out, a 1 week hold. the 100% ...r/Chiraqology. • 16 hr. ago Sosa, Founder and CEO of prominent Cannabis company, GlobalGenetics at his office at the Agricultural Warehouse. r/Chiraqology: r/Chiraqology, a subreddit to discuss drill music and Chicago gang culture.ThetaGang is an IBKR trading bot for collecting premiums by selling options using "The Wheel" strategy. The Wheel is a strategy that surfaced on Reddit but has been used by …Don't Get Your Holding Period Reset When Wheeling! The Tax Implications of Covered Calls Covered CallSPX 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. If you pick a stock you are bullish on and is volatile like SQ, AMD or S for example, you can sell weekly covered calls on them to make 2% or a little over that. Since AMD and S are cheap you won't even need much capital to buy the required shares. If you get 100% margin, thats double the gains. 4% a week translates to about 669% gains annually. 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 ...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 …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 …BlackBerry said Monday that it wasn't aware of "any material, undisclosed corporate developments" that could rationally fuel its rally. Jump to BlackBerry leaped as much as 8.2% on...10 Sept 2023 ... Anyone do theta strategies on futures? · There's no such thing. · Even if it was just the put (which can be cash secured), you'd have to be&n...At the end of Power Play, the two gangs that stayed loyal will each grant an ultra-powerful Raider Perk. And I've read a ton of well-meaning but mistaken content on what two gangs the player should go for. The three gang perks are as follows: Favoring the Pack grants you 25% global damage resistance, and a 25% damage bonus in melee combat.2 Feb 2024 ... r/thetagang Current search is within r/thetagang. Remove r/thetagang filter and expand search to all of Reddit. TRENDING TODAY. Search for ...This isn't my story, but rather my dad's. I know the believability of this might be hard. But I believe this story to be true. My dad was a very nice and hard working man with some of the greatest patience for bullshit I've ever seen.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.InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s still a tough environment for investors long Reddit penny stocks. A... InvestorPlace - Stock Market N...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. 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. Posted by u/bleakheat - No votes and 20 comments10 Sept 2023 ... Anyone do theta strategies on futures? · There's no such thing. · Even if it was just the put (which can be cash secured), you'd have to be&n...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.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.Finviz - Short Squeeze/ High Short Interest/ Stock Scanner. For those who may be unaware, there is a very easy way to scan for high short interest stocks (or any other stock for that matter) using Finviz and the "Screener" tab. Below is an example of what a basic scan could look like, feel free to tweak whatever criteria you want (technical ...... Reddit · Advertise · Help · Blog · Careers ... thetagang icon. Go to thetagang · r/thetagang 1 mo. ago. satireplusplus. ADMIN MOD. Join. Opti...2- ARVL. 100 BBIG only costs 319$ right now, and weekly calls just out of the money have been going for 15-35$. Puts around the same. If anyone knows of a stock that you can make more than that in call premiums per week for that cheap of an entry point, let me know lol.– 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– 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 PodcastsTypically I use margin to sell cash secured puts on TSLA that is anywhere from $50-$100 below the current stock price, with the expiration typically 6 weeks out, and usually closing the option at 50% profit, or rolling the option near expiration if I'm underwater. Typically I'll only use 60% of my account size in margin, because I don't want to ... 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 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 ...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.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 ...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)For these, I like the monthly expirations. Exit targets are +10% / - 20%. The idea is that a small pullback leads to IV expansion, so delta and vega both help you. T double calendars (ATM and one strike below), for amusement and small potential gain. Monthly expirations, targets +50% and ride (they're super cheap).The phrase just doesn't convey the level of warning that a thickheaded smooth-brain from the other side of reddit needs to hear. Don't wheel stocks that you can't afford to have capital tied up in and don't mind ... I think a weakness of thetagang is that there is not much analysis of individual companies and macroeconomics going on. We talk ... 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. 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.I guess if I had to make an analogy for this it would be weeklies are like shooting a free throw in a basketball game late 4th quarter whereas 30-45 DTE is like shooting a free throw in the 2nd quarter. In the end they are both worth the same (1 point) but the pressure and perception of importance is higher with weeklies. 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 13 Jul 2023 ... You'll feel this kind of situation no matter what kind of trading you do because of the randomness of the market. There's always a big move ...2 Feb 2024 ... r/thetagang Current search is within r/thetagang. Remove r/thetagang filter and expand search to all of Reddit. TRENDING TODAY. Search for ...Forget credit spreads, diagonal spreads, iron condors, and all that often complicated jazz. The absolute best and simplest theta gang strategy, in my humble opinion, is The Wheel. But I'm going to argue for a very specific version of …4 days ago ... typically 45 DTE with exit around 21, but i'll also trade condors and spreads 2 weeks out and sell on friday 1 week out, a 1 week hold. the 100% ...14 Feb 2024 ... ... u/BullfrogBrewing avatar · BullfrogBrewing. • 26d ago · https://www.reddit.com/r/thetagang/s/WHkTFuwuCB. This you? Upvote 4. Downvote Reply ....Get the Reddit app Scan this QR code to download the app now. Or check it out in the app stores TOPICS. Gaming. Valheim; Genshin Impact; Minecraft; ... We are selling options to WSB degenerates using thetagang strategies! 🐌 🐌 🐌 Members Online. Lost 30% of my portfolio (USD 25k) with the recent decline in market. ...If the 290 is assigned you’ll buy to cover and sell the long option for a profit. If assigned early at 290, then you sell the stock for 29000 (290x100). Market price is 29100 (291x100), so you lose 100 dollars BUT you have 600 dollars of intrinsic value from your 285 long call (29100 - 28500), so you will net (at least) 500.BlackBerry said Monday that it wasn't aware of "any material, undisclosed corporate developments" that could rationally fuel its rally. Jump to BlackBerry leaped as much as 8.2% on...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 ...The covered call has a Vega of about -0.04, but the PMCC has a positive 0.05 Vega. That means we want IV to go up instead of down. Positive Vega trades are rare for Thetagang strategies, because they typically come with negative Theta. PMCC's are one of the few exceptions that has both positive Vega and Theta. Not only that, but they can be one ...28 Dec 2023 ... Great, look at $docu too - stock spiked on the news that company is exploring sale, might be a dip buying opportunity.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 …Why is there this large spread between bid and ask on certain rolls? I expect that the answer is math, enlighten me on the hows and whys if you can! More than likely it is the Mar 15 is a monthly expiration date with more volume, and the Mar 22 is a weekly with less volume. More volume usually results in better liquidity and tighter spreads . . .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. 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. 13 Jul 2023 ... You'll feel this kind of situation no matter what kind of trading you do because of the randomness of the market. There's always a big move ...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.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.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 …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 ... 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. The research and trades that I make are done outside of work, which consumes ... 15 Mar 2023 ... 1-2% per week is realistic in small accounts like 10K-20K but as account size goes up and crosses 6-7 figures then your risk appetite reduces ...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 …I usually calculate based on the capital required to run the trade or the bpr. For example, the short put on a $6 stock might only require $250 in capital. So I use thay number instead of the entire collateral required. Different from return on risk though. ( total premium / total value of collateral ) * 100.. First thread 9h ago- “I’m new to options” Second thread ju If we enter low volatility environments then 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.For 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. First 250k cash and claiming 500k. This told me he was alr 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. 14 Aug 2022 ... Find stocks or etfs you want to hold. Sell put 20...
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