So i turned $40,000 into $400,000 in 3 months trading options. Strategy consists of gap fills on the daily timeframe on large/mid cap stocks such as $CVS, $DIS, $NKE. Utilizing flow and the 8EMA as extra conviction.
I know that’s pretty good but is it time to start selling options with larger capital? I’ve heard 1% portfolio gain per month is realistic, but I haven’t sold options extensively before.
Thoughts?
Posted by edwardalerts
12 Comments
I think you should show your positions or be banned from the sub, wallstreetbets-style.
I operate a small account so am only sharing from my limited experience. 1%/month is definitely realistic is you were thinking more of the wheel strategy when selling. If you’re actually selling spreads (I did this for a limited time), I had some good streaks definitely above 2%.
Sure Jan
Let’s get this straight. You 10x’d your portfolio in 3 months and now you are coming to reddit to ask about making 1% per month selling options?
It seems like you should just continue doing what you are doing.
What do you mean by “utilizing flow”? Volume and call/put ratios? Order flow?
Absolutely no one believes you.
No positions = scam
5% a month is my goal. I scalp 0dte SPX options, and also sell credit spreads. Its a really decent living. Took me 25 months of pain to figure it out.
Just keep doing what you have been and you’ll have infinity money pretty soon
Doubt
If it was true:
Take 40k to make another 400k and invest the other 360k in QQQI which will give you almost the 4k every month
Do you also turn water into wine ?