Is she subsidized by you?

My wife and I spend like 1000 USD on groceries a month hygenics and pet food included.

How do you get by on that little spent on food?

Gotchyea, mostly delta neutral capturing IV and Theta. Takes discipline for sure.

Because he's selling not buying. He begins at a starting gain of 92K by selling 92K worth of premium and then "loses" 73K when buying to close his positions. Therefore 18K profit. He bought his contracts back for less than what he originally sold them for.

Yeah he's doing the most risk adverse thing you can do with options lol

We can all agree that financial derivatives get muddier and muddier, and maybe some do exist solely to intimidate the layperson unwilling to learn into hiring an active manager, gross.

Essentially don't hate the player, hate the game. But you gotta play to score.

Have you tried turning the wheel and noticed any difference in performance vs always closing before expiry/expiring OTM?

Are you writing naked or all CSP/CC?

What is the lowest amount of capital you can see being lucrative with this strategy on SPY? I'd like to theta gang but it's a big boys game.

Do you only trade monthlies or a mix of DTE?

Do you write legs and diagonals or focus on one position?

That's a hell of a win rate in a turbulent market.

He buys them back at a lower premium.

I think you just plotted marginal utility and the law of diminishing returns lol. The Pizza Logarithm theory seems to hold true.

Yeah, it's more like 300 a month though right?

Echelon? Epsilon? Something like that. Swanky gym