I picked half a million pounds of pennies YTD by using the
Papakong88 Strategy #2:
This strategy was originally formulated in August 2023 to sell 25HTE (25 hours to expiration) NDX ICs. It was modified in March 2025 to sell 0DTE NDX ICs in the first hour of the trading day. The modification was necessary due to events that raise overnight risks.
The expected move (EM) of NDX is used to determine the short strike. The short strike OTM value is at least 3 times the EM. The delta of the short strike is therefore very low, usually less than 0.02. EM is assumed to be equal to the at-the-money straddle value.
The spread size is 100 points. The expected premium is 1.00 to 2.00. Currently, I am getting 1.00 to 1.30 for each 100 point spread IC. Therefore, I can double my money in less than 100 trading days and there are 252 trading days in a year. (One can use a smaller spread size.)
Some people like u/Golden_Bear_2016 and his followers think that this strategy is picking pennies in front of a steam roller. I think they are picking gold pieces. I wonder how many gold pieces they have picked?
u/Famous_Economist_550 thinks that the strategy is absurd. I hope he can enlighten us with the results of his more brilliant strategy.
I picked half a million pounds of pennies YTD
byu/papakong88 inoptions
Posted by papakong88
1 Comment
Not commenting on the strategy, but it’s so strange to call people out on an r/options post lmao. They get to you?