Hey everyone nice to be here. I am a Futures Trader solely trading $MNQ with prop firms and doing pretty good. My friend had told me about options and I tried giving it a chance, I went to Robinhood deposited $2k to get margins and I blew $1,600 for not understanding options lol. I traded stocks and got lucky here and there in September but I gave up options and was just trading Futures. Then I saw in one of the posts somewhere in Reddit on Tuesday or Wednesday someone trading 0DTE on $QQQ and I did my research what that was and I found it really good because is like day trading like I do on Futures, so I decided to give it a shot with my Roth IRA and my son Roth also, I like the multi leg option on Fidelity because I usually target couple prices or so and I noticed on Options the price targets sometimes is different % gains so I did a little bit research here on Reddit and gave it a shot, deposited I sold some contracts and ETF I didn't want to have so I had about $1,500 in total between both accounts. This is my first week trying it out and the results are good, still learning options but this will help both my Roth get to $100k faster and then to $1M then to $10M will just take time. I want to tell you all keep going at it, keep trying, keep studying and keep learning, keep asking questions and keep been a student. I felt I failed in options but I found my edge really fast because I kept digging. So if this post inspires you keep going at it. I will post more often maybe weekly, will use Reddit as my online journal since I keep journal for myself anyways. Here is my week results.
Futures Trader trying Options Trading! First week
byu/LiquidityHunterr inoptions
Posted by LiquidityHunterr
1 Comment
With a small account on Robinhood, weekly CSP’s on small cap stocks with an IV of around 90-200, a popular one right now is OPEN. It’s a steady CSP money maker with CSP’s or 30-45,day call options. The puts are losing trades on open. If your really ballsy ATYR $4 CSP at a IV of 643% or the $3CSP with An IV of 680% both expiring on the 19 of this month, these are just a few popular plays right now. Both stocks will make you money. But it’s a slow climb