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Here are screenshots of the monthly statement for my personal account with purchase & sale screenshots of all of the ES futures and options acquired in March of 2020.
Given that this thread has the most experts in the domain. I am about to switch completely from trading underlying Futures to Options on Futures to account for the gaps of high margin beyond the close and premature stops. I am confused regarding what could be best ... Selling options as credit spreads or selling naked options or buying options OTM or ATM... What is the advise here from experts. It seems that there is deviation from selling options or even credit spreads though the webinar Mike posted warns from buying options ... Every advice from experts here is highly appreciated..
My approach as a discretionary trader is to select an own strategy for each trade. I like diversity not only regarding the underlying commodities, but also regarding the tool. Depending on the situation, I trade outright futures, future spreads, options, option spreads, butterflies, ...
According to my experience, there are times when the one or the other work better.