As I am starting to work two jobs last week, I am not having as much time watching the market and my options like before, was wondering if there's any strategy in options that is mostly set and forget instead of actively trading? Or just buy long dated LEAPS?
Most passive strategy for the working professional?
byu/Zephyruos inoptions
Posted by Zephyruos
7 Comments
If you’re working two jobs, I’d be careful looking for “set and forget” options. Most options strategies still need monitoring because risk shows up fast when volatility or price moves against you. For passive, boring usually wins: broad index funds, automatic contributions, and maybe a small separate options account if you still want to play. LEAPS are simpler than weeklies, but they’re still not passive.
If you’re a busy professional, you can’t be staring at Greeks all day. The most “passive” way is to move away from day-trading and focus on high-conviction swing setups.
I had the same issue, so I built a terminal that sends out institutional-grade signals only when specific Z-score and trend thresholds are met ([alphasignal.digital](https://alphasignal.digital/)). It basically acts as an automated analyst—it filters the whole market and only alerts me when there’s a statistically high-conviction setup. Much better than trying to scan charts during meetings.
Depending on how big your account is, Sell CCs and CSPs 30-45 DTE. Look for high volatility and choose .2 .3 delta. Right after selling open your exit for 50-75% of premiuns.
You have myoptionsedge that aligns with what you are looking for. Most of the days there are no adjustments or trades. I subscribed to its community and I am happy with it. Recommended.
Double calendars when VIX is low. SVIX during a spike.
Set it and forget strategies that work with options require a lot of upfront effort. I trade only Mondays on something that requires zero effort for me to look at the market on my day to day, been doing it for 6 years and outperforming with lower drawdowns too.
It took me over a year of backtesting and forwarding testing to find something that worked.
Buying long dated leaps has worked well for me and has been my most set a calendar reminder and let time do the work strategy.
I typically buy LEAPS with 14-18 months left till expiry and then set a reminder for the day they flip to long term gains. From there I trim, look for a specific volatility event to sell around, etc. so over the course of that timeframe I’m only really dealing with it 3 or so times.