Strangle
45 day DTE Manage or close at 21 day DTE
https://haikhuu.com/education/tastytrade-options-strategy
Deltas can be found here:
https://www.marketbeat.com/stocks/NYSE/NIO/options/
optionsstrangelsironcondorsmetrics https://youtube.com/watch?v=HMWBxMSd0BU&si=Dlrc3CY23hh1NreJ
Risk management
rules:
5% position size
Money Management
Portfolio Management
Trade mechanics
- high probability of profit
- high Liquid underlying
- Right side of implied volatility
- Position size 1-5% of account size
- Risk defined strategy , iron condor, iron butterfly, credit spreads, debit spreads
Consistently persistent
7 step entry checklist
- portfolio fit - direction?
- Liquidity - 100k shares/day , contract/strike 1k
- IV percentile -
- Option strategy - Macd 15/30, crossing, Cci 30, crossing zero, RSI 30/70 large bold moves of over/under sold
- Strikes and month -
- Position size - 1-5%
- Future moves -
Resources: