To whoever stumbled across this page, this is a personal diary of my stock options trading journey. I'm keeping track of my own options trading and also hope to make some friends who happen to stumble on this site.
My hope is to share daily trading results and thoughts as they happen. Some days it will be brief, some days I may write down more thoughts.
Would love to read other people's thoughts and comments, especially people who have similar interests and experiences.
A word about the main stay focus of my trading strategy. I mostly trade stock options. On rare occasions I would buy stocks as well. The main, main strategy is put selling to earn premiums. I have found so far for the past 5 years of trading is that it is possible to consistently do better than the S&P500 and I have the past 5 year records to prove it, including a down year of 2022.
Recently I also branched into 0DTE trading. I'm still new doing 0DTE, which I admit is more similar to gambling that investing. But it's kind of a fun thing to do. So I'm giving that a try.
Hope to hear from you! Happy trading!
Good Morning.
ReplyDeleteLong time ago I hosted a blog title "The Diary of an Option Trader" - but no-one ever commented, so I deleted it.
I now trade options in the London FTSE Index (hence my blog name.) I 'short sell' options, usually as strangles (Call>Put) but sometimes as straddles (Call=Put) and (in emergencies!) as 'guts' (Call<Put.) I aim to grow my gross value by 1 to 1.25% per month - which means I'm pretty conservative with my margin, or as one hedgefund manager put it "Doctor, you're not greedy enough.'
Trading index options (on the FTSE) has two advantages which - to me - are central to my trading strategy, 1.Index options are (usually) much less volatile than stock options. 2.FTSE option cannot be exercised BEFORE the expiry date. You don't need to watch the index if sleep seems preferable. Good wishes
. . . but, like stock options, FTSE Index options can be TRADED at any time during the life of the contract,
ReplyDelete