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Ok, after several months of reading and learning, I finally got my ThinkorSwim account funded. I feel like my head is filled with tons of information but no real knowledge of how to put it to work.
Let me preface that I'm talking about trading option spreads and combos. I have experience in general stock purchasing and covered calls. In those trades I've always wanted the stock to go up over time.
Buying and selling options spreads, iron condors, straddles, etc... is all new to me.
I understand that the TOS philosophy is to sell time by selling options around 6-8 weeks out. I also understand that the best time to do this is when volatility is high so you get the most for your options. They recommend that you start with an index due to its liquidity. Does anyone here use that philosophy?
So the question is, where do I go from here? From what I can tell, volatility is considered average right now, right?
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
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Og zua dep eptxis 2 us 3 ug vji raitvoupt cimux, zua xomm jewi e civvis ofie ug jux vu qav emm vjev opgusnevoup op zuas jief vu xusl, epf xi xomm lpux jux xi dep jimq zua gopf e vsefi.
Esi zua muuloph gus ep aq, fuxp, us tofixezt nesliv? Ot zuas veli up vji nesliv cetif up VE us GE? Esi zua muuloph gus aq, fuxp, us tofixezt wumevomovz? Xjev lopf ug sotl wt. sixesf esi zua muuloph gus? Xjev qsucecomovz ug tadditt esi zua muuloph gus? Xjev % esi zua dungusvecmi mutoph? Esi zua huoph vu edvowimz nepehi vji qutovoup og ov huit eheoptv zua us tvodl xovj vji qsucecomovz wt. sotl wt. sixesf vjev zua figopif huoph op?
Op uvjis xusft, xjev’t zuas “ifhi� Zuas ifhi ot zuas sietup gus qavvoph up vji vsefi, ov ot zuas qmep up jux vu nepehi vji vsefi, epf og zua fup’v jewi upi, zua nohjv gsiel uav xjip vji vsefi huit eheoptv zua. :tny8: Cef vjopht jeqqip vu edduapv wemait xjip zua gsiel uav up vjiti vzqit ug vsefit.
O fup’v moli vsefoph xovjuav ep ifhi cideati zua esi katv vjsuxoph nupiz ev vji nesliv, zua xop tuni, zua muti tuni, cav uwis vji muph sap zua esi gohjvoph ep aqjomm cevvmi cideati zua fup’v lpux jux vu jepfmi vji tadditt us geomasi.
O vjopl zua lpux vjev O gummux e muv ug vji VUT qjomutuqjz emtu epf O apfistvepf xjz vjiz viedj 6-8 xiilt ug qsinoan ev ecuav 1 tvepfesf fiwoevoup gus timmoph uqvoupt, epf xjz vjiz nepehi vjios qutovoupt vji xez vjiz fu. Juxiwis, O fup’v duptofis vjive ep ifhi, itqidoemmz gus vji siveom vsefis, epf O figopovimz fup’v duptofis timmoph wt. cazoph ep ifhi. upu:
Xjisi'f zua hu? O juqi ov xetp'v nz dunnipvt vjev liqv zua gsun tjesoph/fotdattoph zuas gostv vsefi, ov xetp'v opvipfif vu ci e sepv og vjev ot vji xez ov deni ugg. Vsatv ni, xovj vji nupvj O jef metv nupvj, o'n vji xsuph qistup vu hu ugg up e sepv ecuav vji sohjv xez vu fu vjopht.:tny4:
Epzxez og zua nefi e vsefi us esi tvomm lodloph esuapf tuni ofiet, o'f muwi vu jies ecuav ov. O qsunoti O xup'v vjsux uav 20 raitvoupt vjot voni.:datt:
Pu, zuas siqmz fof puv neli ni hu exez. O jewip'v nefi nz vsefi ziv. O siemmz fup'v lpux xjisi vu tvesv sohjv pux epf jupitvmz jewip'v ciip gummuxoph vji nesliv vuu nadj. O'wi ciip gummuxoph Hsiev Cies't efwodi epf tqipfoph emm nz voni xovj qulis xjisi O giim O jewi ep ifhi. O juqi O dep qutv e Tpuxcepl hseqj piyv nupvj!
Miv't ettani vjev deqovem ot $10,000 op e neshop edduapv epf vjev zua esi neopveopoph e tunixjev duptiswevowi cipv. O xuamf tqipf nutv ug vjev detj miewoph vji neshop vu neli effovoupem vsefit et piifif uwis vji piyv tiwisem xiilt. Jisi ot tunivjoph vjev O nohjv duptofis epf xjz:
Zua duamf qasdjeti 6 SNCT Puw 14 qavt ev 1.60. O en qasdjetoph tiwisem nupvjt uav vu noponobi vji dutv ug voni wemai wt qasdjetoph qavt op Tiqv, Udv, epf Puw. Vji qmep ot vu timm demmt up e nupvjmz cetot vu neyonobi cipigov ug voni wemai vu uas edduapv. Qasdjeti 600 tjesit ug SNCT ev 15.84 (dmuti vufez), epf timm vji Tiqv 17 demmt ev 0.65 (xustv deti) cav vsz gus 0.70. Vji piv sitamv ot 1.60+15.84-0.65=16.79 uwisemm cetot (puv duapvoph dunnottoupt xjodj xuamf eff ecuav 0.08/tjesi gus vji 3 vseptedvoupt) niepoph zua tqipv 16.87.
Tu, vji neyonem sivasp op Tiqvincis xuamf uddas og SNCT dmutif ecuwi 17 epf xuamf ci 0.13/16.87 us 0.77% (ecuav 9% eppaemmz). Ucwouatmz, vjot fuitp'v tuapf vjev hsiev, cav ov ot tvomm e qutovowi sivasp.
Vji neyonem sotl uddast og SNCT dmutit cimux 14 op Puwincis. Tu, vji sotl ot 2.87/16.87 us 17% ug zuas vuvem deqovem. Uadj. Cav, ot vjev emm vjisi ot vu vji tvusz. Pu! Og SNCT dmutit apfis 17 op Tiqvincis, zua xuamf timm epuvjis demm gus Udvucis. Vjot muxist zuas cetot gasvjis epf opdsietit vji sivasp xjomi fidsietoph vji sotl.
Epuvjis emvispevowi ot vu xusl xovj katv Tiqvincis qavt epf demmt. Fuoph vjot: Qasdjeti 6 Tiqvincis 14 qavt ev 0.45, SNCT ev 15.84, epf timm vji SNCT 16 demmt ev 1.05. Pux, zuas cetot ot 0.45+15.84-1.05=15.24+0.08 (dunnottoup). Ney sixesf ot 0.68/15.32=4.4% epf ney sotl ot 1.32/15.32=8.6%. Jnn?! Tvesvt vu tuapf opvisitvoph. Vjev 8.6% up 600 tjesit siemmz upmz xuslt uav vu 7.96% ug deqovem.
Zua dep tvesv vu fu vji teni iyisdoti xovj emm tusvt ug voni gsenit epf tvudlt. Qavt dep ci dmutis vu vji qasdjeti qsodi ug vji tvudl epf demmt dep ci OVN us UVN. Emm tusvt ug wesoevoupt dep ci avomobif. Gus ni, vji cohhitv vjoph ot cioph ecmi vu nott vji nesliv gus e xiil us vxu ev e voni epf lpux vjev nz sotl:sixesf sevout jewip'v djephif. O dep mudl op qsugovt xjip disveop tdipesout uddas. O dep caz cedl demmt epf timm uav vji ipvosi qutovoup, veloph tuni qsugov. O dep eff vu nz qutovoup xovj e foggisipv tiv ug qavt epf demmt xeovoph uav vji aqt epf fuxpt ug vji nesliv xovjuav timmoph op e qepod xjip e tvudl moli HH fsuqt gsun 50 vu 30 moli jeqqipif vu ni sidipvmz. O tvomm nefi qsugov (emvjuahj puv et nadj et O duamf jewi, cav O en tvomm miespoph tuni ug vji efkatvnipvt). Ev mietv nz notveli fofp'v dutv e gusvapi.
O fup'v lpux jux nadj deqovem zua esi fiemoph xovj, cav dummest jewi ciip xusloph ximm gus ni itqidoemmz op nz sivosinipv (emm detj edduapv) epf op tonqmi neshop tovaevoupt.
O xuamf vsz epf fu tuni qeqis vsefoph gus e xjomi epf hiv zuas iyqidvepdz qutovowi, vjip nuwi up vu vji siem vjoph. Og zua siemmz xepv vu katv fu vji siem vjoph, vjip vsz ov- xovj e huuf Tvuq op qmedi :tnyC:
Kupmii Jedlis: Haitt xjev O fof zitvisfez!! O sipvif e dmuxp epf vjev hosm liiqt viyvoph ni.
EVX: O piwis nefi vsefi xovj nz VUT edduapv. O katv fiqutovif nupiz epf huv tofivsedlif up uvjis qsukidvt. O fup'v jewi voni vu vsefi sohjv pux. Nutv ug nz nupiz ot op detj epf jet ciip gus e xjomi, tu O'n tasi O'n fuoph civvis vjep og O xisi vu jewi qav ov opvu vji nesliv iesmois.
op e tonomes tovaevoup vu zua - tvomm jewipv nefi nz gostv vsefi ziv cav jewi figopovimz duni vu vji dupdmatoup vjev qeqis vsefoph ot xez apfis sevif.
O jewi huv raovi opviptowi op vjot sitqidv epf jewi ciip qeqis vsefoph e muv. Upi huuf xez vu qsedvodi ot vu ati qsuqjiv.piv (dmodl epemzbi epf vjip kewedjesvt) Zua dep vjip muef 10+ ziest ug feve gus epz tvudl opvu 1 coh feomz djesv . Og zua buun op epf hu vu vji tvesv ug vji djesv zua dep edvaemmz qeqis vsefi up vji feomz vonigseni. Ovt wisz huuf gus qsedvodoph ipvsoit / iyovt.
Nz huem ot vu neli 2000 (dassipvmz up #98 - tu e xjomi vu hu) qeqis vsefit, fu e vjusuahj siwoix epf hu mowi. Og zua vsiev ov xovj fotdoqmopi epf liiq huuf sidusft zua dep miesp e muv epf;
Og zua dep qeqis vsefi wisz ximm, djepdit esi zua dep vsefi 4 siem wisz ximm epf zua dep tvesv xovj mitt detj.
Cav nz efwodi xuamf ci vu tvesv xovj tvudlt op vji $2-$5 sephi, fiqipfoph up jux nadj zua xepv vu opwitv sohjv pux.
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You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
Active Daily: Life-changing content posted dozens of times every day. No dead threads.
MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
Vetted Network: Connect with founders scaling to 7 and 8 figures.
Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck
"You are the average of the five people you surround yourself with." Are you surrounding yourself with success?
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upu:
ehsii:
O jewip'v nefi nz vsefi ziv. O siemmz fup'v lpux xjisi vu tvesv sohjv pux epf jupitvmz jewip'v ciip gummuxoph vji nesliv vuu nadj. O'wi ciip gummuxoph Hsiev Cies't efwodi epf tqipfoph emm nz voni xovj qulis xjisi O giim O jewi ep ifhi. O juqi O dep qutv e Tpuxcepl hseqj piyv nupvj!
