BPR Efficiency for Strangles and Iron Condors | Market Measures

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[MoneyVikings]

This was awesome. Had to listen to a few parts several times but I liked hearing how Nick would restate what Anton said in his words. Helped hit the points home. I usually shy away from strangles and do more iron condors. This May start to sway me in the other direction, but with a small account I usually try to keep my strangle choices less than 50/share.

[robertdryden]

I am trying hard to understand this as I am trading both strategies, but it is very confusing to me. Does Dr. Jim or Mike & his Whiteboard have a video on this subject so I can view the subject from a different angle ?

[frankmelenthe]

Do you guys ever set stops? I dont think i could walk away from the screen with a naked position on 😅. How do you deal with risk e.g. covid, 08’, etc?

[paultreviska]

I wish you guys would support your discussion with charts and diagrams. Your terminology means someone must have a lot of knowledge already, which ironically means most of the viewers fully understand what you are discussing.

[dieselviper]

How do you sell strangles on a small account in the first place? Unless we have different definitions of a small account

[DimensionRIFT]

Thanks for the great content. I don't know everything that you are referring to but at least the knowledge being provided and I can learn at my own pace.

[DaveShedd]

I'm gonna have to compare BPR for strangles in different underlyings. In SPX the BPR for a strangle is $94, 000, in SPY it's $7, 000, in ES it's $8, 000. I haven't been doing stocks, maybe they're cheaper?

[stephenbanavage]

would be interesting to know the effect on profit/risk if you were to go long or short 50 shares when the strike prices are triggered in a strangle

[alkorczykowski]

anyone know what happened to the Last Call show????

[Thomas-hlne]

How about an addition of comparing managing a breached Iron Condor vs Strangle. The costs of managing are worth a look

[BCNeil]

One problem with IC. Is the commissions do add up. Double what strangles cost, plus you have to do many more ICs.

[serenax.]

If I'm at max loss for an iron condor, should I just keep rolling out until I can make back enough premium? Are there risks that I'm not seeing?

[dgmc]

3:30-4:00 Eastern time. It was on today.

[nw]

Trading options is a thinking man's game. But you have to act faster than you think sometimes. Knowing where your edge is helps you trade instinctively. I like trading zero DTE because I get to practice everyday. Not saying 45 trading 45 DTE is not a good strategy, just that I get 45 times more experience. The experience is more compacted in time and experience becomes working knowledge.

[stonksdays]

This low VIX environment is annoying for sure. I can't sell lotto tickets on my stocks and ETFs. You guys ought to calculate total P/L of those 45 day SPY ICs from 2005 managed at 21 days. I'd be curious how much one would gain or lose over that time in relation to high and low VIX environments

[TheMadMariner]

Not sure what is meant by the 10 Delta Wings.

[markc]

I would never take ROC out of my discipline. It keeps me honest.

[jamesbowman]

Dude(s)! Your biggest problem is that you aren't selling enough meat on the bone. Iron Condors are by far the best % return for the buck. Try changing to selling at least 60-day (90ish work great if you want to be -vega as well) and 30 delta options. Thank me later. Your studies are flawed.