My First Options Trades
Realizing that retirement is not so far out anymore and that I need to start working on finding ways to generate extra income, I have explored several ways to earn …
Entry 18 Mar 23: Wild Week for Banks
It was a wild week for banks due to the downfall of SVB and Credit Suisse plummeting. SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 …
Entry 11 Mar 23: Grey Skies
The skies over the financial markets seem to be turning grey. I am already writing this entry on Friday since I am traveling to the Netherlands this weekend to pick …
Entry 4 Mar 23: Delta Busters!
Delta busters may help me reduce delta exposure. This week I looked at reducing (or: busting) my high delta exposure after finding a play that may help me. It is …
Entry 25 Feb 23: No Options Trading Edge Yet
I still am very much trying to find my edge in options learning and trading after trading now for over 10 months. I am still waiting for a more volatile …
Entry 18 Feb 23: Choppy Seas Ahead
Choppy seas ahead! Well, actually also behind us but there are many signs that the big bully wave we have been riding on since the beginning of this year is …
Entry 11 Feb 23: I Am Not the Only Bad Trader
I am not the only bad trader this week. During the whole week, my portfolio P/L YTD went up and down to end on Thursday evening in the red for …
A Chat with ChatGPT on Volatility Trading Iron Condors
I had another chat with ChatGPT on volatility conditions for trading iron condors. In a book I was reading, The Options Traders Hedge Fund Framework by Dennis Chen and Mark …
Entry 4 Feb 23: Options Trading Exit Rules?
When trading options, exit rules are there for a reason, as I again found out in January when the market went against most of my positions. Well, it wasn’t the …
A Chat with ChatGPT on Options Trading
I have been asking ChatGPT questions about options trading to help me on my odyssey to become a professional options trader. And I have to say I have been pleasantly …
Entry 28 Jan 23: Beta-Weighted Delta
I need to start monitoring beta-weighted delta! Because my strategies are too dependent on the directional move of the market. This week my options lost much of their value again. …