Tag: options wheel
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Day 509 of 1000: Newvember Begins with a Visit to Atlanta
For Newvember, I’m doing five daily-ish health habits, revising my options trading rules, and reviewing my retirement portfolio allocation.
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Day 499 of 1000: Considering Iron Condors
I’m going to start experimenting with iron condors, a defined risk, defined reward options trade, to complement the options wheeling I’ve been doing.
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Day 494 of 1000: Conscious Rule-Following vs unconscious Action
Lately I’ve been trading outside my guidelines and also gaining weight. In both cases, I would be better served to more consciously choose my actions.
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Day 420 of 1000: Options Wheeling ETFs
Moving my options wheel trading towards ETFs instead of individual stocks, to seek less volatility and overall better returns.
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Day 419 of 1000: Building Things, both Digital and Physical
This week I’m building an options wheel management web app as well as my book assemblage artwork.
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Day 415 of 1000: Improving on the Options Wheel
A couple tweaks to the options wheel in which you sell puts until assigned, then sell covered calls. The one I like: using bear put spreads on margin instead.
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Day 402 of 1000: When Markets are Non-Ergodic
On ergodic and non-ergodic markets, positive and negative convexity, and historic trader Jesse Livermore.
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Day 375 of 1000: Refining my Trading System
What I’m trading, and how: screening tickers, entry and exit, rolling puts, portfolio risk management.
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Day 368 of 1000: An Investing Epiphany
You can improve portfolio’s realized returns by adding a hedge that reduces portfolio variance, even if the hedge has negative expected returns on its own!
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Day 364 of 1000: The Magician’s Trading Plan
I’ve learned a lot from trading the options wheel over the past two months. Getting ready to add new types of options trades to the mix.
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Day 344 of 1000: Backcasting for Improving Decision-Making
In her book Thinking in Bets, Annie Duke suggests you don’t just forecast outcomes but try backcasting. Imagine good and bad outcomes and how you might get there.
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Day 336 of 1000: Celebrating My Intellectual Insecurity
I’m moving from the options wheel to options trading strategies that address and ameliorate tail risk. My insecurity protects me.
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Day 326 of 1000: Randomness and the Wheel
Taleb has said he never sells options contracts, only buys them. But he also says if something works, it’s not stupid. So I’m continuing to sell puts.
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Day 322 of 1000: The Options Wheel for Income Generation
The options wheel can generate returns equal to or better than passive beta investing, but be careful of where we are in the stock market cycle.