I am late to seeing this but I got laughed at by a few friends (not really on Twitter either) who said it's going to see sub-100 before it goes higher and I failed to trust myself and here we are today haha It's fine. It's life. There will be other opps. (Just gonna come sit next to you and trade haha)
Hey James! Great post today. I'm still holding onto a SPY 400/390p hedge so I'm down a bit but here's my performance since joining and beginning trading with you (12/22/22):
Net Liquidated Value w/Hedge 2.32%
Net Liquidated Value w/o Hedge 3.53%
Total Cash Returns (assuming all positions expire without assignment) with Hedge 11.74%
Total Cash Returns w/o Hedge 19%
Keep in mind I'm basically only doing CSP's with a small cash balance. I'm really happy with all the advice you give on the substack, discord and your calls are always awesome. Not decided what to do with the hedge with Powell coming up and a minefield of data points.
Appreciate all of your content and attention to detail. Newer member here but I was curious to see what I was at… +86.2% from 06/08 despite a horrible start to my 2023 (I got trapped a few illiquid positions are was too stubborn to pay up for the exit).
I’m curious how you resist buying calls especially on things like TWLO when you see the run potential. Guessing it’s discipline to the strategy but if you ever feel like sharing why the no calls (I’m guessing you have shared this and I missed it) rule, I’m all ears.
The truth of the matter is, you only have to make money once. You have protect it from then on. Buying premium whether calls or puts is gambling for outsized returns. I don’t want outsized returns, I want slow and steady returns. Being right on direction is more important than timing when that direction comes when selling puts. I prefer it that way. Thanks for the comment
Great post today - thanks as always James and enjoy the trip/weekend.
Thank you should have just gone all in Tesla 3 weeks ago I’d also be up 60% lol
I am late to seeing this but I got laughed at by a few friends (not really on Twitter either) who said it's going to see sub-100 before it goes higher and I failed to trust myself and here we are today haha It's fine. It's life. There will be other opps. (Just gonna come sit next to you and trade haha)
Hey James! Great post today. I'm still holding onto a SPY 400/390p hedge so I'm down a bit but here's my performance since joining and beginning trading with you (12/22/22):
Net Liquidated Value w/Hedge 2.32%
Net Liquidated Value w/o Hedge 3.53%
Total Cash Returns (assuming all positions expire without assignment) with Hedge 11.74%
Total Cash Returns w/o Hedge 19%
Keep in mind I'm basically only doing CSP's with a small cash balance. I'm really happy with all the advice you give on the substack, discord and your calls are always awesome. Not decided what to do with the hedge with Powell coming up and a minefield of data points.
Keep doing the great work!
Thanks for the kind words, I’m glad you’re gaining valuable knowledge along your journey
Appreciate all of your content and attention to detail. Newer member here but I was curious to see what I was at… +86.2% from 06/08 despite a horrible start to my 2023 (I got trapped a few illiquid positions are was too stubborn to pay up for the exit).
I’m curious how you resist buying calls especially on things like TWLO when you see the run potential. Guessing it’s discipline to the strategy but if you ever feel like sharing why the no calls (I’m guessing you have shared this and I missed it) rule, I’m all ears.
Have a great weekend!
-A
The truth of the matter is, you only have to make money once. You have protect it from then on. Buying premium whether calls or puts is gambling for outsized returns. I don’t want outsized returns, I want slow and steady returns. Being right on direction is more important than timing when that direction comes when selling puts. I prefer it that way. Thanks for the comment