I normally go in the 0.2 ish Delta range, but I don't really have any rules. Just wing it.
I know, I know. I really should get more formalized on that.
I used to be primarily a dividend stock holder and would run something akin to the wheel strategy, but switching to more volatile stocks is a bit foreign. I basically decided this past year to put my IRA all in crypto-related entities. Started out with ETF's. Premiums are definitely better though.
I don't have enough money in the IRA to roll on MSTR (unless the introduce mini's), but I just thought today that I will see if I can find a list of MSTR copycats that may have lower prices and try on one of those.
Have a feeling it will take a while to get used to.
I am trading for my family's hedge fund. We have a big dividend account on M1 Finance that we use as a bank. We can do margin loans against it, which is what we used to build up the options trading account. I have been riding this MSTR wave for a while, I mean, got to get the opportunity while it's there. I get paid on the profits of the options premiums I earn from selling options and we are also using profits to put into our homestead farm business. I am taking my earnings and using some, but investing in miners and modular off-grid solar setups to power them. This will earn me crypto that I can use to buy silver from APMEX or JMBullion. I then play the silver/gold ratio and when the ratio drops to a level I like, I will flip silver to gold. In the meantime miners keep mining DOGE/LTC and XMR and I use that to buy more silver, etc. It's easy to write off the miners as computer equipment, lol.
Wow! That is quite the operation!
Yep, my little money machine, lol. I use fiat and crypto to earn heavy metals, lol
I am running options on MSTR, NVDA, and MARA right now. I am wanting to diversify some risk. My NVDA option looks like it will be executed this week if it holds above 140. So I am going to get that 14K back and start doing more poor man's covered calls on some different stocks without risking so much capital but still making more than I would with the 1 NVDA contract. When one of the MSTR contracts or MARA contracts executes and I get those funds back, I am going to do the same. Basically 50% of the options will be against the actual stocks and the other will be against leap options. That's the plan at least. I have been tweaking it as I go along. But it's been working... That's all I can say, lol.
Hmmm. I found a list on the web.
https://treasuries.bitbo.io/ https://treasuries.bitbo.io/#public
Will have to look and see what these companies are up to and which ones have options with some premium.
HUT8 seems like one with options that is low priced enough for me to expirement with.
Oh right on! Thanks for that!
I heard that rumble was buying BTC and they have options as well and a fairly low price that I could swing within the IRA. Didn't see them on that list.
I'll have to look into them. Actually I need to look into them more for videos too so I can get away from YouTube. I hate that 3Speak is so hit or miss or I would be using that full time.
Yeah maybe 3Speak will make it there one day. Just not there yet.