Options are priced fairly across the chain. There is no best or worst. Any strategy is a trade off between probability vs risk/reward.
If you want high probability, you’ll have a poor risk/reward. And vice versa. Pick any popular strategy, it doesn’t matter what, make a list of a few and throw a dart at it, and become an expert at it.
Look at XSP instead of SPY if you don’t intend to own the underlying. Cash-settled, no chance of early exercise, still reasonably tight spread, extended global training hours (so less risk of gap movement), and importantly, beneficial 60/40 LT/ST capital gains treatment.
_tobilicious on
Coinflip
BeardedBrutus on
Full port Fridays 0DTE
Positivedrift on
There’s only one way to trade SPY that’s made any money in the last 6 months – to the long side.
MMreta on
Futures and future options on the index, best way to play it
RevenueStimulant on
Obviously 0DTE SPY options while drunk.
KDI777 on
Dont
WallStreetMarc on
Credit Spread is good. I also sell SOXL and then close it early on same day or until profit. It’s more swing trading as it depends on the opportunity.
13 Comments
Hyperwheel /MES or /ES
Options are priced fairly across the chain. There is no best or worst. Any strategy is a trade off between probability vs risk/reward.
If you want high probability, you’ll have a poor risk/reward. And vice versa. Pick any popular strategy, it doesn’t matter what, make a list of a few and throw a dart at it, and become an expert at it.
Sell puts 5-6% below market price , preferably naked
You have could Sell Strangles or just Puts but you will need 10k in BP.
https://app.screencast.com/NpUVzbbioTFSQ
https://app.screencast.com/TGBiSSm3SfxdE
Iron condor
Look at XSP instead of SPY if you don’t intend to own the underlying. Cash-settled, no chance of early exercise, still reasonably tight spread, extended global training hours (so less risk of gap movement), and importantly, beneficial 60/40 LT/ST capital gains treatment.
Coinflip
Full port Fridays 0DTE
There’s only one way to trade SPY that’s made any money in the last 6 months – to the long side.
Futures and future options on the index, best way to play it
Obviously 0DTE SPY options while drunk.
Dont
Credit Spread is good. I also sell SOXL and then close it early on same day or until profit. It’s more swing trading as it depends on the opportunity.