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For what it is worth, here is a list of my current open positions, and the ROI. I try to be evenly balanced in each major area (although I am not always able to do that):
Yes, in the past it has. Overexuberance and Overpositioning. I have been doing a staggered layering between Jun current contract (Over 10 contracts) July (4 contracts) August (1 so far). All between 1500 and under.
Life is good baby!!
Options with .01 Delta, I've been selling daily, but usually I do once a week on a Friday for maximum time decay. DTE is dependent on the volatility. I made a mini fortune in Feb selling Nat Gas calls with 2 days until expiration. Too many scared sheep selling, while I bought at the 9.5 to 10 level. (It was only trading at max 7 I believe, before collapsing hahaha) EASY MONEY!!!!! When the market shows up looking stupid, slaughter it!
Perhaps datahogg, but let's put it this way. Many so called experts have been calling a market crash for the last 2 years, and not only were they were wrong... They were incredibily wrong!
One can sit on the sideline and play chicken little, or one can invest smart. Stagger in with a couple contracts at a time, layer them by each month. Don't overposition, have self control.
I've learned this over time, through pain, and it has led furure success.
ROI isn't everything. I like making money, pure and simple. In my opinion, the S&P is the most stable out there right now. Coffee, grains, metals. Hell no!!!! Those are widow makers my friend. Maximum ROI comes with a price my friend, and the price is you feeling extreme anxiety as they are currently too volatile.
I enter the market with one goal, make money consistently. I don't care if it's $50 dollars a day or $500, make money, and risk management to protect that cash collateral is key. If you chase ROI as the paramount metric, I can ensure you, you will be taken down hard one day.
This is good, very good! Can you give us a heads up if your sold puts or calls on those commodities/indexes?
Just curious how you positioned, because I couple of your key spots are my targets as well going into next week.