With EU residency there is no other way to trade US ETFs (QQQ,IWM,TLT) than by utilising options. So I use many setups as long as they are not time spreads. Mostly index and futures put spreads 90 to 120 days DTE, closing and reopening the position within 35 days latest, more often less than 30 days.

My preferred position is opening SPY at delta 5 - 7(0.05 - 0.07) with 360 DTE and closing/refreshing the position within 35-42 days ( as soon as I have earned a third to half of the premium received). Rinse and repeat. Margin requirement with pm is about 2k IM for those 100 shares!

At the time of this writing SPY 350DTE (30June25) delta 5 would be 400, delta 7 would be 430. Premium received would be 320 or 450 USD. This would mean I earn up to 150 USD within 6 weeks on an IM of 2000 USD. Rinse and repeat.

But I`m rather sure, Jim and Zeelotes know better concepts. And even on this board ( in AOL-times) flies were traded as an advanced version of 6/3.

Regards

Hittfeld

Mechanical Investing FAQ

---

Contact Shrewd'm
Contact the developer of these message boards.