102087425
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2024 is finally coming to an end and its been a great 2nd year bull! The jounery is full of ups and downs! Recaping some of the key moments to remind myself and lessons learnt.
1. 1st half was generally good with $S&P 500 Index (.SPX.US)$ up also 15% by end June. Did some shorts in Jan and Feb and got short squeezed and had to cut loses. Was thinking market might pull back and try to position my trades.![]()
KEY LESSON here - Never try to predict what the market might do i...
1. 1st half was generally good with $S&P 500 Index (.SPX.US)$ up also 15% by end June. Did some shorts in Jan and Feb and got short squeezed and had to cut loses. Was thinking market might pull back and try to position my trades.
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102087425 : hi, whats your parameters for wheel strategy you use and for leaps calls, and credit spreads? example - Strike price: $ - Breakeven at expiry: $ - Initial Delta: - DTE: - Net Premium: $
102087425 : AND covered calls
102087425 TheTradingDad OP : So your intention for wheel startegy is to acquire the stock, then you start selling call right? how do you decide when to roll or close out? also why do you take 16 delta for sell put and CC? when you say profit take 50% means once your option price start to increase and your net premiums drop by half you close the position?