Re: [SuperTraderKarenStudy] Tyler Trading Method


Sep 17, 2017

 


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#9100 Sep 17, 2017

Great summary Tyler. I hope your health has improved in the years since inception. Also worth noting that you can indeed trade naked at TD, with an IRA, you just can't let TD be the custodian. You must do something like a Solo 401k or Checkbook IRA and then open the account with them as a trust or an llc. When they hear the word IRA, the send it to a different department and you can get stuck in a loop. Hope this helps and best of luck finishing out 2017!

Ryan

Sent from my iPhone



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#9101 Sep 19, 2017

Tyler,

Thanks for the link to this wonderful writeup.

I also got into options after a health scare as I probably had too much time to read : after having read all the books on low-fat, high-fat, low-carb, all-carb and what not. Hope you continue to do well and continue to meet or exceed your targets. From the blog, it seems RedHat acquired your company: congratulations !

I tried some of your tricks but they were not for me so I moved on to other experiments. However, it was still good to get thoughtful responses from you and Tom and others ... Bobby comes to mind although I do not recall others since I joined too late to see the peak group discussions.

Cheers !!

Regards,Harry



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#9102 Sep 21, 2017

Harry, ��

I'm still here and trading away! ��It's been a somewhat difficult year with low volatility, but I'm at least up on the year.

Happy Trading!

Bobby

Sent from my iPhone

On Sep 20, 2017, at 12:11 AM, Harry Singh harry.public@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> wrote:



��Tyler,

Thanks for the link to this wonderful writeup.

I also got into options after a health scare as I probably had too much time to read : after having read all the books on low-fat, high-fat, low-carb, all-carb and what not. Hope you continue to do well and continue to meet or exceed your targets. From the blog, it seems RedHat acquired your company: congratulations !

I tried some of your tricks but they were not for me so I moved on to other experiments. However, it was still good to get thoughtful responses from you and Tom and others ... Bobby comes to mind although I do not recall others since I joined too late to see the peak group discussions.

Cheers !!

Regards,Harry



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#9103 Sep 21, 2017

Bobby,

Good to hear you're alive and kickin! ��Are you still trading /ES, SPX and SPY and primarily��using the greeks to manage your portfolio? ��Anything you've changed with your approach? ��

Definitely agree its been tough with such low vol



Sent from my iPhone



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#9104 Sep 21, 2017

Hey ... Lets not forget this format and yahoo group ... Many have seemed to disappear ��... E mails are sometimes more conducive to some peoples rhythms ��...��



From: "Ryan Thurston thurston_softball@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> To: "supertraderkarenstudy@yahoogroups.com" supertraderkarenstudy@yahoogroups.com> Sent: Thursday, September 21, 2017 11:25 AM Subject: Re: [SuperTraderKarenStudy] Tyler Trading Method

��Bobby,

Good to hear you're alive and kickin! ��Are you still trading /ES, SPX and SPY and primarily��using the greeks to manage your portfolio? ��Anything you've changed with your approach? ��

Definitely agree its been tough with such low vol



Sent from my iPhone



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#9105 Sep 21, 2017

Agree with Vic. Slack doesn't work for me unless we're all on the same schedule and timezone..

On Thu, Sep 21, 2017 at 10:08 AM, Vic Ferrari vico213@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> wrote:

.Hey ... Lets not forget this format and yahoo group ... Many have seemed to disappear .... E mails are sometimes more conducive to some peoples rhythms .....



From: "Ryan Thurston thurston_softball@... [supertraderkarenstudy]" supertraderkarenstudy@ yahoogroups.com> To: "supertraderkarenstudy@ yahoogroups.com" supertraderkarenstudy@ yahoogroups.com> Sent: Thursday, September 21, 2017 11:25 AM Subject: Re: [SuperTraderKarenStudy] Tyler Trading Method

.Bobby,

Good to hear you're alive and kickin!. Are you still trading /ES, SPX and SPY and primarily.using the greeks to manage your portfolio?. Anything you've changed with your approach? .

Definitely agree its been tough with such low vol



Sent from my iPhone



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#9106 Sep 21, 2017

Hi Group,��I must say that I too missed the updates and chatter provided by this group. I got excited when Bobby took it live in Jan .17, as I followed him to this group from ET. And, I have been trying to make Tyler.s method work for me (in real money) but I have never been able to adjust the ITM calls enough that a flat to slightly down week would get it all back for me. Even though the group is .Karen study. I think we should continue to post and question on topics that interest us all such as items posted by Tyler, Bobby, Ken, Vic and others.

A couple of questions at this time:.1. One of the most common things you hear from strangle sellers is about trying to claw your way out of a loss by rolling (in most cases) calls out in time and up in strike. And you must admit that when you are caught in a constant bleed up it is slow and painful and most times you are happy to scratch that trade. It is not like the sudden loss on puts that is often recovered in a short time if you have enough capital to ride it out and put on some juicy premium sales when that IV is high. ��But with calls, it doesn.t work like that. Is there anyone that believes that we could be on that .long. side of the calls. After all, if you find a good losing strategy, you can just flip it and have a winner.

.2. Bobby, it seems like your live results are not matching your paper trading results. What do you see as the reason for this?

Thanks, DougOn Sep 21, 2017, at 10:08 AM, Vic Ferrari vico213@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> wrote:rt



Hey ... Lets not forget this format and yahoo group ... Many have seemed to disappear ��... E mails are sometimes more conducive to some peoples rhythms ��...��



From:��"Ryan Thurston��thurston_softball@...��[supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com>To:��"supertraderkarenstudy@yahoogroups.com" supertraderkarenstudy@yahoogroups.com>��Sent:��Thursday, September 21, 2017 11:25 AMSubject:��Re: [SuperTraderKarenStudy] Tyler Trading Method

��Bobby,

Good to hear you're alive and kickin! ��Are you still trading /ES, SPX and SPY and primarily��using the greeks to manage your portfolio? ��Anything you've changed with your approach? ��

Definitely agree its been tough with such low vol



Sent from my iPhone







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#9108 Sep 22, 2017

Hello Harry,

Good to hear from you.

Tom



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#9109 Sep 22, 2017

Hello Bobby,

How are things going?�� I am just finishing up the 3rd quarter at the end of Sep and things look OK.

Tom



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#9110 Sep 22, 2017

Hello Vic,

Did you ever try Tyler's approach?

Tom



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#9111 Sep 22, 2017

Hello Doug,

I have had that same issue and addressed it by using calendarized call hedges at about 20% ITM.�� If my bias is that the market will continue to grind up I roll the threatened calls to the put side.�� Frequently I roll my hedges for a profit and the puts decay enough to get back to break even on the trade before the market changes direction.

Tom



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#9112 Sep 22, 2017

Hi Tom,Can you give me an example of a Calendarized Call Spread at 20% ITM? With the SPX at 2500 is that like putting on a short the 30 day and buy the 60 day calls at the 20% Prob ITM?

Are you trading in the same time frame the Tyler is? (1 week or less)

If you were short the 2500 calls right now, would you be rolling them straight across to the 2500 puts in the same expiry?

Wouldn.t you have twice as many puts on after that roll? Assuming you had calls and puts on to start the trade.

Thanks, Doug

On Sep 22, 2017, at 3:27 PM, poast@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> wrote:

I have had that same issue and addressed it by using calendarized call hedges at about 20% ITM.�� If my bias is that the market will continue to grind up I roll the threatened calls to the put side.�� Frequently I roll my hedges for a profit and the puts decay enough to get back to break even on the trade before the market changes direction.



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#9113 Sep 23, 2017

Hello Doug,

I should have put calendarized in " " because I don't think of the hedge as a spread but just positions extended out over different expirations.

For example I am long roughly 20% ITM calls in Oct, Nov, and Dec.�� As you can see it is more of a long term hedge.�� As the market grinds up I am frequently rolling those positions locking in profits.

I am doing my version of Karen style trading so my time frames are different from Tyler's.

IF...

I were short the 29 Sep 2500 calls,and IF my basis was that the market would continue to grind up...

I would buy back the 2500 calls and sell 2X the 29 Sep 2490 puts.�� There is roughly a 77% probability that position will at least break even and a reasonable chance for a profit.

IF my basis is wrong, I ended up in trouble on the put side...

Tom



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#9114 Sep 23, 2017

Tom,

Thanks for the clarification, I have been watching your posts for some time now because I think you have valuable information to share. I get it, kind of laddered by expiration. So you would roll Oct to Jan, Nov to Feb etc.

By 20% ITM for example if for the Oct SPX calls, you would be long the 2535 strike. Is that right?

FYI, I have tested the Karen style on the Put side for the period from 1/2015 to date. I found her idea of .once they give me the money I never give it back. worked very well, even through the Aug 2015 and Jan/Feb 2016 periods. I sold them at around 45 days and .05 delta for usually about $4.40. I bought them back at .30 delta and sold out enough at the .15 to .20 delta to get back to my original credit. I think only once did I need to adjust twice. Yes, I added risk to the trade, but by using the 7 slices in the analyze I never hit my buying power limit.��

Thanks again for the feedback.

DougOn Sep 23, 2017, at 1:07 PM, poast@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> wrote:

Hello Doug,

I should have put calendarized in " " because I don't think of the hedge as a spread but just positions extended out over different expirations.

For example I am long roughly 20% ITM calls in Oct, Nov, and Dec.�� As you can see it is more of a long term hedge.�� As the market grinds up I am frequently rolling those positions locking in profits.

I am doing my version of Karen style trading so my time frames are different from Tyler's.

IF...

I were short the 29 Sep 2500 calls,and IF my basis was that the market would continue to grind up...

I would buy back the 2500 calls and sell 2X the 29 Sep 2490 puts.�� There is roughly a 77% probability that position will at least break even and a reasonable chance for a profit.

IF my basis is wrong, I ended up in trouble on the put side...

Tom



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#9116 Sep 23, 2017

Hello Doug,

The 20 Oct 2535 strike is technically 22% ITM :) , but close enough for what we are doing.

You got it.

Tom



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#9118 Sep 23, 2017

Tom ... My psychological make up likes more wriggle room so I write 45 days out with wider strikes than TTS ��... ��Good to see you back on the airwaves �� :)��

Victor��



From: "poast@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> To: supertraderkarenstudy@yahoogroups.com Sent: Friday, September 22, 2017 6:28 PM Subject: Re: [SuperTraderKarenStudy] Tyler Trading Method

��Hello Doug,

I have had that same issue and addressed it by using calendarized call hedges at about 20% ITM.�� If my bias is that the market will continue to grind up I roll the threatened calls to the put side.�� Frequently I roll my hedges for a profit and the puts decay enough to get back to break even on the trade before the market changes direction.

Tom



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#9119 Sep 24, 2017

How does one start a new conversation/topic? Not obvious to me anyway.



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#9120 Sep 24, 2017

Hello Bungholetrader,

Click on Conversations at the top of the page and then look to the right and click on New Topic.

Tom







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#9121 Sep 24, 2017

Or one can send a mail to the group with a new subject ... try not to reply to an existing thread and edit the subject to be new; just send a new mail with new subject.

On Sun, Sep 24, 2017 at 6:34 PM, poast@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> wrote:

.Hello Bungholetrader,

Click on Conversations at the top of the page and then look to the right and click on New Topic.

Tom



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