The Daily Options Trading Strategy: How Relevant Factors Play A Role In Picking Trades [View article]
Just bought your book, thanks for all your hard work. How long do you hold onto the position if it doesn't hit your sale price by end of day? Have you tried this with debit spreads instead of longs where the short strike is several strikes away from the long? That would reduce your delta, but you could buy multiple spreads to get the delta back to 0.60. Seems like you might still be able to make the same amount but possibly risk less if it doesn't immediately go your way. Love the strategy, been trying it for 2 days now, no losses yet.
The Daily Options Trading Strategy: How Relevant Factors Play A Role In Picking Trades [View article]