Thetagang reddit.

I made it up to 400k then took out 300k for a downpayment on a house which knocked me down to 100k last month. Working my way back up. Currently at around 250k. j33tAy • 3 yr. ago. damn. that's some fucking impressive theta gains from an account that size. congrats. i'm working with a ~$50k account at the moment.30 Nov 2023 ... YTD. Wheel. Been trading options for years. Long calls and long puts. Crazy what happens when it's not a bull market. ... I learned you have to ...SoMuchRanch. $200k -> $3M+ in 4 Years. Thanks, Thetagang . 4YR Performance. Thetagang Proverbs We Have All Forgotten: The Wheel is for preserving wealth NOT building it (buy/hold outperforms) Use it as a tactic to learn the mechanics then either get comfortable with margin or realize you are like 99% of humans who are better off with …From Google Contributions to traditional IRAs are tax-deductible, earnings grow tax-free, and withdrawals are subject to income tax. Contributions to a Roth IRA are not deductible, but withdrawals are tax-free if the owner has had a Roth IRA account for at least five years. STO - MSFT PCS 2/18 $315/305. STO - NVDA PCS 3/18 $250/240. Closed PMCC on AAPL $120/$165 for a 41% total gain (including net credits etc) while the underlying was up 20% same time period. Happy days. Reply reply. TABid-5073. •. +2.75% today. Mostly from some naked calls on NVDA and TSLA.

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 …

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.

If you averaged that every week for the next year, you'd be at $1200*52 + $35000 = $97400 one year from your post. And two years from now, you'd have more than a $260k account. And this would be much more if you calculate it as a percent, such that the dollar value is actually a little higher each week.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.Sort by: Add a Comment. MichaelBurryScott. • 3 yr. ago. Yes, there is no issue in letting SPX options (long or short) expire. There is no assignment risk nor AH movement risk. It's all gonna settle to cash. The only case you might be careful with is AM expiry. No massive risk or anything, just the settlement price will not be determined until ...For some random biopharma stock I get it, but acting like SPY isn't as safe a bet as it gets to do covered calls is essentially saying that you think the apocalypse is coming. If SPY becomes worthless the world becomes worthless. Yes it's a good idea for God's sake. If you sell CCs, you're going to miss big gains on the days it goes up a lot.THETA GANG. v 4.25.0. Login / Register. SOUN. 46.7 % TSLA. 3.9 % MARA. 21.7 % RIVN. 6.3 % CLSK. 23.9 % GOOGL. -4.4 % HOLO. 81.5 % NVDA. 0.3 % BITF. 19.2 % …

6 Aug 2022 ... r/thetagang Current search is within r/thetagang. Remove r/thetagang filter and expand search to all of Reddit. TRENDING TODAY. Search for ...

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Advertising on Reddit can be a great way to reach a large, engaged audience. With millions of active users and page views per month, Reddit is one of the more popular websites for ...A website’s welcome message should describe what the website offers its visitors. For example, “Reddit’s stories are created by its users.” The welcome message can be either a stat...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”.The theta burn in the first hour never seemed worth the risk of having to take a loss on a day that I could have otherwise just picked direction properly. Usually didn’t hold past mid-day, but tried a few times. Sometimes it bit me, sometimes it paid off. Stopped playing with fire and stuck to mid-day close. Recently, with the daily whipsaws ...Theta gang strategies. If you’re an r/wallstreetbets regular, you’ve probably come across some of our fallen fellows who lost money from options trading over a long …

It’s called iron condor. Call and put credit spread. OG-chinatownbets. • 7 mo. ago. Started following @OnlySPXFans on Twitter who plays daily 0dte credit spreads on SPX. Starting to pick up strategy as it seems based on price action and trend. So I'll do my own analysis and follow along if I agree with trade.Maybe 3 or 4. Or you could lie and say you have a lot of experience with options and they let you have access to level 3. I literally did 2 call options in a day sold the next day to avoid day trade limits and I was approved the next time I tried to …Discord server for people serious about making money. Hey all! I hope you are doing well. I created a discord server for people who are intentional about escaping the rat race. It covers the financial markets, business ownership, and personal finance. This is great brother. Don’t forget to start your YouTube channel soon also.NOK really wasn't that much of a meme stock even in January, there was a little bit of a 'NOK Gang' smaller than gme, bb, etc, because a couple guys were making good money on options and wanted some lemmings to pile in and make that good money even better before they cashed out, thus, post unrealized gains to wsb.What are the Theta Gang strategies? Came across this sub from r/options and am curious, what exactly are the Theta Gang strategies? Seems people are posting mostly about …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...Reddit r/ThetaGang was interested in the Wheel Options Strategy tracker I posted yesterday so I went ahead and made a video explaining the various columns and …

Nice ending to a good week. Closed my SPX diagonal spread (3/10 3960p and 3/31 3990p) for a net credit of $68. Net on this strategy for the week was about $2k, risking $7.1k on the long put premium.

Theta is most effective starting at 45-30 DTE because theta decay is and exponential decay curve. thats when it starts to accelerate. so you are correct in this part. What i don't get is, as far as I'm aware, theta decay is higher the closer and option is to expiration. theta decay IS higher closer to expiration. and infact, the highest.Θ ThetaGang Θ. 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 …GDX, XLU, and XLF are 3 of my favorite to trade options with in general right now. Honestly, I'll probably just be trading SPY, ES, or SPX, etc when my account gets a bit larger. My 401k that's 100% SPX fund beats the pants off any options shenanigans I can come up with. I’m up 180% on pltr calls. 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. Unlike Twitter or LinkedIn, Reddit seems to have a steeper learning curve for new users, especially for those users who fall outside of the Millennial and Gen-Z cohorts. That’s to ... Let’s talk more about the “hyperwheel”. Giving credit to u/calevonlear for the term (not sure if you coined it, but might as well take credit). Reading through previous posts, the hyperwheel uses 1DTE sold puts on /ES. The notion of “potentially” needing a large sum of capital if/when you get assigned is currently out of the question ...

Step 2. Go to Setup -> Calculations -> Volatility calculation method, and select "Fixed volatility per expiration date" as your method. The default is "individual implied volatility" which gives each option's value it's IV based on it's mid point price. It's useless when options are illiquid and $0.00 - $5.00 wide with zero volume.

Sort by: Add a Comment. MichaelBurryScott. • 3 yr. ago. Yes, there is no issue in letting SPX options (long or short) expire. There is no assignment risk nor AH movement risk. It's all gonna settle to cash. The only case you might be careful with is AM expiry. No massive risk or anything, just the settlement price will not be determined until ...

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 ...If what you are looking for is increased income from your portfolio and want lower risk then this is a great solution. If you had say 50,000 to play with you could put half into QYLD and half into wheeling to get a stable and reliable income of ~200/month to pay bills with plus anything you are earning from your wheel.Feb 22, 2020 · 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”. There was a video of oompa on YouTube where he went on omegle and came across someone in a gas mask using the edit stares in slave with the ussr anthem playing. It's for a long line of stuff I can't explain atm. I think it was a 1 million special or something like that. If someone can find it I have looked for it everywhere that would be dope. 1.Discord server for people serious about making money. Hey all! I hope you are doing well. I created a discord server for people who are intentional about escaping the rat race. It covers the financial markets, business ownership, and personal finance. This is great brother. Don’t forget to start your YouTube channel soon also.There's a <a href=\"https://hub.docker.com/repository/docker/brndnmtthws/thetagang\" rel=\"nofollow\">prebuilt Docker image\nhere</a>.</p>\n<p dir=\"auto\">To run …Hi All, Looking for a recommendation on how everyone scans for companies to run the wheel strategy on (or any strategy to be honest). I know about finviz, barchart, etc., but I'm really looking for criteria you use to pick the companies to trade this type of strategy. I'm fairly new to selling options, mainly because I never liked trading stocks.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 ...Advertising on Reddit can be a great way to reach a large, engaged audience. With millions of active users and page views per month, Reddit is one of the more popular websites for ...To answer your question: depends on how risky you want to be, but more importantly how much capital you have. $1M would probably be enough to live off of for a long time selling options, assuming you're not being overly risky. You won't be living large, but definitely doable. Close to half way there myself!

I made it up to 400k then took out 300k for a downpayment on a house which knocked me down to 100k last month. Working my way back up. Currently at around 250k. j33tAy • 3 yr. ago. damn. that's some fucking impressive theta gains from an account that size. congrats. i'm working with a ~$50k account at the moment.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% ...You might not like my advice. What I tell most people who are, say, less than 40 years old (yes that's young to me) is that if you only have 10 or 20,000 dollars to invest, it's likely the best investment you can make is in yourself (education, health, training, etc.)Instagram:https://instagram. the strategic marketing planning process quizlettarget twin bed setsskyrim item code iron ingottamil hd movies download websites The 51 DTE SPY 21-delta put is $340P. 11/18 exp. Last price $5.38. If you hold the 12 DTE position to expiration, you collect $2.29 or $0.19/day. If you hold the 51 DTE position for 11 days and close at 50%, you collect $2.69 or $0.24/day. This example is a little weird, because of where we are in the monthly cycles - the expirations go from 37 ... 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. samford basketball pickdawgzbattlestar galactica costume With regards to RUT Index there are 2 types of options RUT monthlies and RUTW weeklies. From what I understand, RUT monthlies expire on the 3rd Thursday of each month, with the Settlement date being Friday (AM settlement). This means in this case RUT closed at 2274.52 today, but if you have a RUT 2265/2270 put credit spread for 10/14 that you ...Thetagang tends to reduce volatility on a given underlying at the expense of some returns. However, if you are targeting at +200% IV underlying, you should still expect a very high portfolio volatility. kosmo nails boutique SoMuchRanch. $200k -> $3M+ in 4 Years. Thanks, Thetagang . 4YR Performance. Thetagang Proverbs We Have All Forgotten: The Wheel is for preserving wealth NOT building it (buy/hold outperforms) Use it as a tactic to learn the mechanics then either get comfortable with margin or realize you are like 99% of humans who are better off with buying SPY ... These are the two specific types of trades employed by the wheel, which is most common strategy among thetagangers. There are many other ways to trade. I would say the wheel represents a tiny fraction of all the ways to trade, and probably the least employed by knowledgable and successful traders. 2. curlingcoffeecake.