Today, I had lunch with a friend who owns a small construction company (like 5 employees).
He told me he's spent much of the last five years writing code, building this complex line-of-business app in Visual Basic and MS Access. And that it's essentially saved his business.
Meanwhile, his company has consistent automated estimates, purchase orders, and invoices.
I asked him if he wanted to code full time someday, and he said, "Definitely."
Code is changing everything. Or, rather, _accessible_ code is changing everything.
"You're going to do just fine, buddy." 😂
Building my first home in 2003. Yes I was skinny once. pic.twitter.com/HWOxJKpweg
— Jamon Holmgren (@jamonholmgren) September 24, 2018
Way back in 2002-2009ish, I used to design homes and remodels (along with freelance coding). It definitely feels long ago now, but it was a big part of my life back then.
— Jamon Holmgren (@jamonholmgren) October 5, 2018
I'm still trying to figure out where those files went. They could be lost to history. But I salvaged a few.
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Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
1. Let's start option selling learning.
— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
Few are selling 20-25 Rs positional option selling course.
— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1/n
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
Sold 29200 put and 30500 call
— Mitesh Patel (@Mitesh_Engr) April 12, 2019
Used 20% capital@44 each
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.
— Mitesh Patel (@Mitesh_Engr) February 7, 2020
To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0