This is my current 7 dte list and how I trade 20/10 delta Short Put Spreads for weekly paychecks. I was trading 7/1 delta, but the backtesting helped show me that I was leaving a lot of money on the table. It is important I stay mechanical with these trades. Read more…
This is my current list of 3 dte Iron Condor trades. Finding The Right Candidates The criteria for stocks to make it on my 3 DTE list is very simple: I look at the last 5 years of data of certain stocks and the Return on Capital must be 100% Read more…
My Psychological Trading Flaw Honestly, I’ve been trading options for over 20 years. I have never blown up an account. I have a few accounts open that I keep money in. For example, the usual checking and savings accounts, an IRA account that I wheel with, a Think or Swim Read more…
These notes are taken from the Raleigh “Durham Group Meeting Mark Mosley Calendar Spreads” found on youtube. Here is an updated presentation to the original. Tax Considerations IRS section 1256 trades are taxed at a rate of 40% short term Capital Gains (like your paycheck) and 60% long term Capital Read more…
Trading groups on Facebook definitely bring out the Trolls. I and others get frustrated when we share what we do in trading groups and then some Trolls use microaggressions to boost their, small penis, male egos in order to feel superior. I apologize to the female trolls for my sexist Read more…
I am in a couple of trading groups that share knowledge and got tapped that my website was highlighted in someone’s video regarding trading the Iron Condor on SPX options. The only problem is they stated this site was owned by Jim Olsen. What the fuck, no this is my Read more…
Yes, I admit this is a juvenile statement and this post is full of drama, but I am a grown man with a silly boy’s heart. I think I am more disturbed that someone actually took a photo of Moose Balls which I found at Flikr. Kudos Elsie Milita. This Read more…
I was with OptionsHouse for years until they were bought by E*TRADE in 2016. OptionsHouse was a smaller brokerage, ahead of it’s time, providing a wonderful and intuitive mobile platform for options traders. I make option trades that primarily consist of defined credit spreads. OptionHouse software fit hand in hand Read more…
I have this addiction to purchasing internet domain names that fit topics I am interested in. This blog is an example. I was looking for a domain name that fits my trading style, but alas it had already been taken. The domain name in question is lazytrader.com which leads to Read more…
Update 10/1/2020: I have since closed my TastWorks account. They were eating me up on fees slow fills with bad prints through APEX. The brokerage is good for people just learning how to trade options, but it is not good for serious traders that put on a lot of trades Read more…