TT

KnarfNosam

They're almost scarily transparent over at TT

notquitenuts

TT just had a study last week that clearly showed 0dte credit trades should be closed at a small profit % (ie managed early) over a wide variety deltas. Iirc all trades held to expiration were negative p/l.

TheCitySnake

TT? Okay got it. What about MTZ and FLR for construction?

publicsausage

TT fuck the mods AA CC OOooooooo

TheInkDon1

Hi, thanks for replying. I'm always up for a good discussion. (I'm 61 and have been using options for a few years, and stocks, ETFs, and Mutual Funds much longer. Just to give you an idea of who I am.) "Time loss premium of the **long** Call"? I'm not following. "The entire point of a poor man's Call is that you can exercise it to cover your short Call." I dunno, maybe? For me, the point of the long Call is to act as a *stock substitute*. Then since we should all mostly be selling CCs against *stock* we own, we should go ahead and sell CC's against this long Call. That's how I view the PMCC, anyway. I guess you and others may view it differently. A "stock" position with extra juice from CCs. And most people can't sell naked Calls, hence the "poor man's" way of getting into them without having to buy shares. Sorry, I wasn't accusing you of not posting Deltas, it's just that in that one specific reply I couldn't tell. When you made the post it would've been self-evident, because you and the OP knew the price of GLD. Later here you say you're aggressive on PM**CC**s, and that's what it looked like to me with those strikes (265/285). More on that in a minute. 30-delta CSPs at 30-45DTE, that's pure TastyTrade, and I'm with you on that. Though I lean hard on 30 days, and will often do 28. 20-delta on "real" CCs: why? TT says 30 there too, I think. So as not to lose shares? I roll CCs so I don't lose shares. OR long Calls. I know there are 2 camps on rolling, and maybe you're in the other one? Which might be why you said you never buy back short Calls (or Puts) for a loss, you accept assignment. Two camps on that too, I guess: those who do that, and those who roll. What specifically do have against selling another Call further out that pays for buying back the current one? (Which is what rolling is, of course.) The long Call went up more than the short Call did, so it's not locking in a loss on the overall position. It's just selling more time premium against that (now more-valuable) long Call to allow time for the short Call to either time-decay to where it can be bought back, or for the stock to pull back and suck extrinsic value out of it that way. Lots of ways to skin a cat, of course.

thicc_dads_club

> doesn’t offer advanced order routing I don't know *any* retail brokers that allow you to direct option orders to specific exchanges. Schwab definitely doesn't anymore. It is possible that RH sends complex orders to the NBBO exchange even when there's a better quote at an odd-lot elsewhere, but I'd want to see evidence before I assumed that. FWIW I know TOS considers odd lots when routing option orders. > deep liquidity pools I don't think this is a thing for option orders, and especially for complex option orders. I could be wrong, but my understanding is that all option orders go to the exchanges. Maybe this has changed in the past couple years though, and there's liquidity providers for options that internalize orders. > dynamically adjust or leg into positions the way brokers like Tastytrade or Thinkorswim can I'm not sure what this means. I'm not familiar with TT, but I'm pretty sure TOS/Schwab doesn't convert complex orders to individual orders even if it appears that individual orders would fill better. That would add huge risk to their customer that the customer did not want, which is sort of the whole point of a complex order. I don't know what "dynamically adjust" means in this context either. Complex option orders are always limit orders. Maybe it means that it's easier to replace a complex option order on TOS than on RH? > That’s why traders see huge slippage or sudden big losses when a strike gets tested — the platform just can’t manage complex fills efficiently. This makes no sense. Complex orders are always limit orders, there's no slippage or "sudden big losses". And the platform doesn't "manage fills" in any meaningful way. I think this is just chat gpt spouting nonsense for the most part.

PassiveF1st

air conditioning is a wonderful thing. calls on TT.

PapaCharlie9

> For example, USO 8/15 $63 strike is trading at 1.05 on RH and 1.15 on TT. What are 1.05 and 1.15? The mark? The last trade price? The bid? The ask? Something else? Before you can even do comparisons, you have to be sure you are actually looking at the same quote. The most reliable quote to use is the bid. Assuming you are looking at the bid, the most likely explanation for a diffence is delayed quotes. You have to subscribe to real-time quotes on most broker platforms, otherwise they will default to some delay. Not all delays are equal. Typical amounts are 15 minutes or 20 minutes. If you confirm that both broker platforms you are comparing are both using real-time quotes, the second most likely explanation is differences in UI update times. If you notice that the difference only lasts for a few seconds, it's probably the UI. To conserve battery, some UIs don't update on every tick, they use a fixed interval of seconds. However, they will also make exceptions for high volume chains, like front-month SPY, where the UI will update more often. So if you only look at front-month SPY, don't generalize that to the entire UI.

MillonaireTip

Palantir, in its TT IPO

GortimerGibbons

I had the same problem with eTrade. They would only allow level I options. I tried applying twice, denied both times. Customer service was completely useless. All they could say was options approval was a different department, and no, I couldn't talk to them. I went to TastyTrade. It was super easy. I transferred most of my eTrade account. It only took about three days for everything to transfer, and the transfer process was incredibly easy. I just checked the boxes for the stocks I wanted to port over. With nothing but the initial application, TT gave me everything that eTrade is calling level II. Now, I'm fully engaged with options trading, and my account is up 7 grand. I think it's hilarious because when I brought up the same question you have on r/eTrade, everybody said I was a dumbass, and I would lose everything if eTrade gave me level II.

Lucky_Yoghurt_3412

all this war news... 

AllCapsGoat

In the grand scheme of things, that is honestly low for airline pilots… would almost be unheard of countries like Australia/USA to have a 787 FO with only 1100hrs TT, especially for a national flag carrier airline. 8200hrs TT to be a captain of a wide body is also low imho… some airlines expect 6000+hrs to be a captain of a narrow body doing short haul domestic flights in A320s (or similar).

Gloomy_MTTime420

Just like $OPTT sounds like an old school rap song, “give me some of that O-P-TT!”…$TPET is giving up some T-PET, “some of that T-PET420, yo!” 😂

TheInkDon1

I like Batt, but for some reason I can't stand Sosnoff. I think he pushes the "trade small, trade often" mantra mostly so they can get more commissions. The TT research though is solid. How do you "hold long options against shares"? Covered Calls? 30 days at 30-delta, or are you doing something else?

fartalldaylong

I wish I had enough time...only 2 weeks though. Even a week in Isle of Man during the TT was cheaper, absolutely jaw dropping...the cost of have someone house sitting my pets in the states cost more than all the food I consumed over two weeks.

OmniMan_15

TikTok sucks, it doesn't have live LA protests. Who said TT was anti America?

esInvests

Yeah, there's a lot to the topic. It boils down to the concept that Tom and TT started on the sell side which became their default. They prefer higher POP and accept the capped upside - this doesn't mean it is better, it is simply their preference. In most of their studies, they are demonstrating what we'd call "dumb" strategies: "every month do XYZ" with effectively no filtering applied. Then they show some variation of the sell strategy with "the base does this, if we do XYZ it becomes that". Back to the original discussion and your second paragraph, selling strategies are not generally better - it's simply your preference which is completely cool. The problem traders have is effectively evaluating various strategies. Example, you saying "As someone else pointed out, the advantage of selling is being able to benefit from time instead of it working against you…if you don’t define that as an inherent edge (though it may not be an edge you yourself create, but it is an edge over other types of trading, objectively) then I don’t really know what I can say here." Time being "on your side" is in no way an edge. I've made several posts discussing this and it's a frustrating realization to come to. Don't take my word for it, research Euan Sinclair's work. (btw the reason is because there is no free edge. if there was inherent edge in collecting theta, again, the other side would abandon. the cost to you having positive theta is negative gamma and convexity). Its absolutely essential to evaluate the expected return of a strategy, not it's win rate, not it's POP, etc. A trader can have a long option breakout strategy (i do) that bats a 42% win rate if things go well that is massively positively expectant. conversely, a trader can have a 95% win rate on a short trading strategy that is negatively expectant. the key here i not relegating yourself to buying or selling - there are conditions that massively favor the other. i've learned long ago to simply analyze a market effect and select the best structure that fits that specific opportunity. not default to buying or selling.

A_Dragon

Strategies that involve selling are absolutely more lucrative than strategies that involve only buying. You forget that many strategies such as CSP also involve buying so your claim isn’t true that no one would buy options. Additionally, there are many reasons to buy options even though overall selling tends to net more gains statistically, it just depends on your goals and risk tolerance which are also important factors to consider. Perhaps you’re not aware of the statistics, but this is known and proven. Overall if you cannot at least use CSPs it’s very difficult to gain a statistical edge using options. One of the main reasons people use options is that statistical edge. You can benefit from the ability to play a range rather than being forced into a binary position of up or down, you can benefit from concepts like theta decay and IV crush, etc. I agree that it’s usually best combined with an edge in technical/fundamental analysis but as TT have proven it’s not entirely necessary…so by gatekeeping the sell-side of options you are absolutely making it more difficult for people to generate income.

G4Designs

Huge drop coming to TT, hvac industry is collapsing. Posting my DD on Monday.

DarkVandals

THIS!!! all you meme monkeys need to think this is happening, and all Americans do is make memes and insta/TT/X silly posts. We are so fing cooked!

Prior_North_2456

naw, Mango already knows he goofed, you see that tired look in his face when asked about it because all the lies are tiring. He will have a faggy brunch with Tim on the weekend and beg him to find him a "Deal". Tim will say k, how bout this, we agree to build like a watch or headphones in merica, you call it a HUGE DEAL and tell merica we are bringing $100TT in Appl investment back to merica and we all go back to mooning on tuesday

TheInkDon1

Not irrelevant if you didn't read what I wrote AND what a Professor wrote about why you won't be assigned early. Look at the option chains a week out, 2 weeks out. Imagine you sold those at 30-delta, 30 days out. For Apple right now that's at about 212.50. You'd have to let Apple appreciate 5.5% without doing anything with the short Call just for it to get TO the money. Then as I showed above, another 9% move for that short Call to get down to where the little 26-cent dividend even makes it slightly attractive. Sure, if you want to put on CCs then never look at them, then yeah, 3 out of 10 times you'll get your shares called. But look at your positions just each weekend and you'll have one, two, three opportunities to see that they're being challenged and then take action. (Assuming you sell at 30DTE.) Options aren't "set it and forget it" like B&H is for stocks, but the extra return of TT-way CCs is worth looking at your account(s) just once a week. (The 36DTE AAPL 27Jun215C at 27-delta is selling for 2.81. Do the math and that's a solid 14% apy just from selling CCs. Probably more because you're taking them off at half and reloading.)

Prior_North_2456

There has been lots, india China Japan have all told mango 🥭 to struggle and stop lying about every conversation. Didn't matter. Mango talks about middle east investments bounces around jumpers between $1-7TT while princes be all like, ...sir, all I ordered was a coke and small fries, put them in the bag Dun matter,

OgreSpider

Stock trading app. I had a bad experience with Robinhood when they froze my GME (and everyone else's, also) and Vanguard has the worst mobile site and app in the universe, and when I did research TT came up pretty well reviewed

-IQ200

Believe it or not, calls on AZZ & TT 

Alert-Essay5612

Can you exit out of a trade profitable pretty fast on TT?

Stephen_1984

An S&P 500 index fund or individual companies? The former is typically positive over 10 year periods and longer, the latter varies widely. Losing all of your money doesn’t usually happen with large caps, but losing half is possible. Doubling is a matter of luck with individual companies. Over the past few years, LVMH (LVMUY) has fallen, Trane (TT) has been a rocketship and AirProducts (APD) has gone nowhere. I didn’t buy Nvidia (NVDA) until after most of its gains.

Bobbythebuikder

Hahaha I thought you were shit posting but he actually posted this to TT

saruin

His sovereign wealth fund too likely for shit projects like AI or "saving TikTok" (I.e. turning TT into a right wing propaganda machine).

The_Egg_

We love HVAC here. TT, JCI, and others working well. Do you work in the space?

templar7171

100% legit, the LLC has been in existence since 2013. And I have more than enough for PM. Does TT prefer smaller accounts? My erroneous day trade call question is because that is one thing that Fidelity messes up a lot -- though Fidelity has positives in other areas.

Fragrant_Witness_713

Yeah, the same BS posting you see on FB, IG and TT we now just saw from this OP. I am sure he just cut and paste. The prices people are quoting are simply not accurate and are constantly disproven by using the App. McDonalds just wants people to use the app.

Temporary_Ability996

TBH, the OF gals are already feeling it, if the stripper index represents the general disposable income people have to spend on sex work. TT influencers & OF girls will bring about the True Liberation Day 

Valuable_Sea_4709

Toyota just replaced my engine on a recall. 22 3.4L+TT V6 Tundra, my original engine came from their first run of engines, and they left some machining debris on components, that might eventually break off and tear up the engine. Dropped it off Thursday morning, Picked it up Monday evening. But that was just 100,000 trucks, 2 models, one plant that made an oversight in a brand new design that MIGHT be a problem that's slowly made apparent over months. This is 3 plants, 600k vehicles, and it's a defect in a key component, not an 'oversight', but a real mistake that can just instantly kill the engine.

Hot-You-7366

lol i buy puts... TT freezes so i sell them at a loss. i write email to TT... while im writing my trade works out would of netted a couple k... then come back to a two green candles thank god i didnt buy a put at the mini bottom

_hiddenscout

Looking forward to some earnings after close: AEIS, CLMB, FTAI, GFL, KLAC, META, MSFT, MYRG, PTC, SFM Also strong numbers from $TT this morning * Q1 Non-GAAP EPS of $2.45 beats by $0.25. * Revenue of $4.69B (+11.7% Y/Y) beats by $230M. * Strong enterprise bookings of $5.3 billion with a book-to-bill of 113 percent. * Enterprise backlog of $7.3 billion, up approximately $500 million

Street_Peace_8831

Yes, “TT”.

TesticlesSpectacle

I don’t even have TT Stop telling me what to do head ahh boi

deaconleather

Ha Awesome thank you! Definitely not planning on selling naked right now but figured I would happily take the approval for if/when that time comes. I just want vertical spreads at the moment and Tasty already seems very intuitive. I appreciate the resources a lot! I will for sure check them out. I’ll probably keep ToS as well because I’ve set up some cool custom indicators on the chart and am not sure if I could replicate in TT. Thanks again!

Prior_North_2456

And when the world continues selling USA Bonds, when Japan and China say get fkd and dump, USA is cooked. They already figured out the weakness to this whole circus, the USA has like $40TT in debt and skyrocketing, once the cost to service it doubles I bet you lose another notch in the credit ratings then it costs more again. If I remember rightly the entire tariff profit strategy could have been replaced with a 5% sales tax.

Bojanggles16

That 3 days to ship is why we don't do TT anymore. Got a lot of traffic way too fast and couldn't physically scale up in 3 days.

drewc717

Amazon ads unfortunately. I'm new to TikTok shop and think TT could suit my product really well, but I've cut my ad spend to $0 waiting to see what the tariff war does because I'm in physical products made in China. I really was looking forward to TT Shop. This whole year has been a pile of fuckin aids.

BudmasterofMiami

You provide no information to backup your statement. The market WANTS to take off, it’s waiting for HF’s and Institutional Investors to jump back in with their $20TT. I have a bunch of Leaps and I will clean up by end of summer. I don’t care about daily ups and downs as long as market stabilizes and big money comes back in as early as possible. I’m heavy in small caps as they will go up the most.

zxc123zxc123

This. It's fucking ridiculous that they waste resources to """get""" google as a monopoly when there are multiple alternatives to >Chromebooks, android OS, chrome browser, google search, internet ads, and advertising. When google mainly provides free services to consumers AND isn't the only option even when it comes to online advertising (META/AMZN/UBER/MSFT/SNAP/TT/X). But somehow DOJ and government does jack shit with ***credit card processors, top tier education, home/auto insurance, health insurance, our food supply chain controlled by a few megacorps, and NIMBY housing.*** I pay google NOTHING as an individual and mostly get free shit. I've paid google for advertising as a business in the past when I just started my page and I believe it helped drive some traffic to it, but cutting those ads didn't kill me (I learned that my industry has better ROI when sending out physical mail).

zxc123zxc123

Fucking hilarious that they rule google a monopoly when there are multiple alternatives to >Chromebooks, android OS, chrome browser, google search, internet ads, and advertising. When google mainly provides free services to consumers AND isn't the only option even when it comes to online advertising (META/AMZN/UBER/MSFT/SNAP/TT/X). But somehow DOJ and government does jack shit with credit card processors, top tier education, home/auto insurance, health insurance, and NIMBY housing.

b1gb0n312

QT TT's

cultoftheclave

TT throwing 'HARD TO BORROW' up when i get anywhere near setting up an order on this thing

b1mm3rl1f3

China is currently exposing all the European lux brands with TT vids. Confirming over 80% of lux made in China and *only* packaged in Europe

sam99871

Tastytrade can’t do it. It appears to require the deltas of the strikes to differ by at least 3 and if I’m understanding the trade correctly, it doesn’t fit that requirement. I don’t understand why TT requires the strikes to differ by 3, but that’s a separate issue.

Dbestinvest

Well all of em cuz TT China is giving contact info for 90% off lol 😂

lordkemo

TastyTrade! I've used RH and Webull and TS. TT is the best so far

Wellcraft19

A weakened dollar will (can…) make export products cheaper, driving up demand and in extension employment locally. But that assumes someone wants to buy American products (not a given). The ones that the TT is hoping for, hard manufacturing, is often done better and more reliably elsewhere. The US (us…) should focus on what we are good at, not trying to compete with low cost, repetitive, manufacturing (electronics as an example). Deep research in technology, AI, pharmaceuticals, defense, etc, in combination with efficient farming (yield per acre) is where our strength is. Not in building cars (too big for most of the world) or iPhones (too expensive if built here).

GuitarBeats

how can i do this TT

kingofthesofas

I have not seen my PCS yet but I do know I am rated TT for the year and getting a promo so at least some stock. I have heard conflicting reports about the RSU vest price 195-215 based on what different people have said. The only good news is when you are TT they do tend to load you up for the next year so if it goes well then I should have a good year next year.

DisciplinedMadness

Ask nearly any trans woman who’s dated men and she can confirm that for you. No need to think it, when you can just know it. I’ve literally had guys say horrendous shit to me when I was live on TT, and while they’re spouting of heinous shit in my chat they’re literally in my DMs simping. They’re propagandized to hate us, and then experience ego dystonic attraction and the dissonance makes them incomprehensibly angry. It turns out attraction doesn’t give a shit about your ideology, but your ideology sure can give a shit about your attraction. Unfortunately like most things with that type of guy, everything is always someone else’s fault even if it’s their own desires. So they externalize their own shame/confusion/frustration as well as their internalized propaganda, as vitriolic hatred towards us. Not everyone who’s hateful towards trans people is attracted to us, but Id bet a large portion of the most hateful are because that level of passion doesn’t come from nowhere; it’s personal.

AppleTree98

Reminds me of a sitcom where a bad guy goes in and breaks a computer to get the worker to reveal the location of another bad guy. The worker doesn't budge so bad guy breaks something more expensive, and after breaking almost everything except the prized vase the information is revealed. T is purposely trying to break things to elicit the response from the Fed. He is throwing a TT and we are watching it. He is disconnected from reality.

SighRamp

Been waiting for TT kick in midnight buckle up tomorrow is going to be wild af. If you have puts and we have drill before open best to take profits 👍🏻

Key_Assistant_4813

Im liking HVAC right now. TT, CARR, LII, DKILY, WSO, JCI

BudmasterofMiami

I posted his improved polling. I shop for 6 every week. I buy the same things as we take care of my wife’s mother and father-in-law. I spend less than I did last year, it’s just a fact. Further, my statements about nobody noticing any changes in their lives is 100% accurate, likewise that this sell-off is not based on financial information. I mean NVDA just posted the best numbers and project a $1TT market in two years. We are at the bottom here as higher tariffs will not be implemented, so buy and enjoy the ride back up and just stop with the panic porn.

Ok_Personality7139

Ive notice this lol TT

Wingedhuman

I dont trade after hours so I use TT. Ive heard there are brokers who trade after hours. TT also lets me trade non-American stocks which is good. If youre doing crypto be careful to use the one that trades the coins you want. I started w coinbase but they are limited in which coins to trade.

LeBhikariLe

vol has generally been low on tech today except AMZN (because of the TT news)

cosmic_backlash

It literally makes sense for any technology to acquire TT. It's a cash cow. Tons of companies are capable of ads.

Fantastic-Ice-1402

Considering they own Twitch and have the ability to power TT with AWS and monetize it with e-commerce and advertising…this actually could make sense.

looool_k_libtard

S ones. Meh bring on Wooten on this and we are done TT burgee herbal back. 44 cardiologist

koreanwizard

Snapchat wants to compete with TikTok, they just reformatted their content feed to match the TT FYP, however, as Zuck already knows, it’s tricky getting the algorithm right, and it’s tricky bringing creators over from the “cool” app. Snap is also cash strapped, they’re barely profitable.

Keblue

Hey, no sorry i havent contacted TT support yet. I'm actually moving brokers back to IBKR. If you contact TT let me know what they say.

NonchalantOculus

I recently signed up to tastytrade too (UK) and also noticed the Greeks were very different to what I was seeing on Robinhood. Did you ever enquire with TT why?

theinkdon

That's great to hear, thanks for the feedback! Yeah, most of my actual positions are shorter term, I just put out 1 year as a safe starting point for people. "Do I think gold will be higher a year from now?" If the answer is yes, then buy that 1y long Call at 80-delta or more. I was putting on long Calls 1 month, 2 months, 3 months out, but that's *way too much leverage*. Because the path to 18% this week was: -5.9%, +6.4%, -0.7%, +14.0%, + 4.7% And those numbers were on tiny moves in GLD, 1.3% per day or less. So as the long Calls go deeper ITM (higher than 80-delta), I've been rolling them up and out to 80-delta, trying to get them farther our. But right now I have long contracts expiring 14DTE, 28, 35, 42, 49, 84, 140, and 203. I think I'd like to be out at 6 months at least. I've also decided to **wait for red days** before buying new Calls. In the meantime I've been doing short DTE Put Credit Spreads with spare cash, selling the short below 30-delta, then 2-wide. Those have done well. And I haven't decided yet what DTE new Calls I'll buy. I should probably do 6 months, but those are $2,300 a pop, and it's hard for me to keep that kind of cash on hand (even if it's in liquid PCS's). I was trying something I saw on TT where they were setting up Diagonals just for the sake of Diagonals (here I'm trying to stress the idea of 'stock substitute') and Tom said to buy the long leg 45DTE and *60-delta*. **60-delta!** And then the short Calls a week out at 30-delta. I did some of those, and I didn't track them specifically, but I think they did alright. So that's where a lot of my shorter-term longs came from. So those appeal to me because I like action, movement. As GLD goes up, those 45DTE options go deeper in the money, then I get to roll them up and out toward 80-delta. I don't know, I don't think there's a way to do this badly, as long as gold keeps going up. And by every indication it will. And yeah, I never was much of a Puts guy. 1) they hurt my head, and 2) "the trend is always up," and I don't like fighting that. Cheers!

Alex_Ottesen

Going to the TT?

_TheLazyAstronaut_

Mm bb bb I'm bb nbnbbn in baby bb b. B ;bbb in bb bb; b by b in TT the know; I'm on9 a mm and the only up is the address 😭😔😔pp}}pppⁿ8}pppppppppppppppppppppppppppppppppppppp} That's 000⁰

HellHat

Plus if you're a former stripper/escort you can deny any involvement in it later on. Unless you run in to a former client, or someone's got video it'll largely stay in the past. If you're a former OF/IG/TT girl, that shit is like a Sword of Damocles hanging over your head. At any time it could come crashing down and now you have to explain to your 13 year old why their friends are showing them pictures of you dressed up as Rem from Re:Zero

AllCapNoBrake

I'm not kidding when I say this, but I just assumed that any attractive girl that would have typically gone the stripper/Hooters (for tax purposes) route as of late, had just decided to take the safer route and do OF/IG/TT...but now this has me thinking I've been wrong the past 4 years or so.

spaceneenja

Answer: DOGE can take money straight from the treasury to launder through Tesla. (Or something) short at your own risk but when they announce profits of 10TT you will be crying.

KaiserWallyKorgs

Elon’s TT’s are also DD’s.

type_error

TSLA making a new model: TT to accommodate customer demographic shift. New product is a mobile home, equipped with a kiddie pool and lawn chairs.

BlizzardThunder

Yes. It's got the 3.5TT "ecoboost" & a 1.5 kWh battery. 12k lbs towing capacity, very long range, can be used as a beefy generator for the house, etc. Very solid truck.

BrobaFett_1

Are you still in this one? I left to reduce some portfolio redundancy a little big ago (also left TT). Still holding FIX.

_Vohtrake_

How do you like TT after 11 months?

cultoftheclave

why isn't every regard in here selling that guaranteed premium? /checks TT oh.

Throwaway12401

Tesla model S getting a fat V8 TT model

14dutchy14

Going to invest long term into: FTAI Aviation (FTAI Curtiss-Wright (CW Trane Technologies (TT I am fairly new to all of this, so I am still looking for more so I can have more diversity.

modder9

I was just watching old Covid wsb memes yesterday. I missed this one TT

Xyzzy_plugh

I traded options for a few years a couple of decades ago. I mostly did LEAPS and did very very well at it until I got cocky and decided to sell naked puts and let myself get leveraged right into the ground. Lost it all and then some. Stupid. Didn't even listen to my wife and pay off the house when we had the funds. I tried to dip my toe back in the water a couple of times. I guess I just don't have what it takes anymore, because I had too many deer-in-the-headlights moments and ended up in the red again. I decided to give TheoTrade a try to learn some more because my experience was narrow. I think they do have good educational materials. They also have some good "rooms" where you can follow and trade but it is easy to get caught up and carried away. The TT guys have big enough accounts that they can put on all the trades they recommend including the hedges and they can ride out the lows. And there are some students that are similarly well situated. But there are a lot who are testing the waters with small accounts and can't really absorb the risk, So, that can be a problem. The bigger problem, in my opinion, is how "spammy" their marketing is. Member or not, I get 4-5 Email messages per day from them. And when I signed up and didn't do anything for a while, there was no "Hey, buddy, can we help?" Couple that with Don's huge ego and fake self-deprecation, and it's a real turn off.

AffectionateFarmer21

How TT I’m locking in today

TowelCrazy2772

I’ve made quite a bit betting on table tennis. Yeah, you heard me. I don’t even watch the matches. I just watch the numbers during live and try to pronounce the names I’m betting on. I have nicknames for almost all of the Elite TT players lol

nietzy

I agree. I’ve thought about moving to ToS, but I like the service and a lot of the content of TT so I’ve stayed.

nody_

What did I say? Idk, why is this blowing up so hard I cant keep up, Im writing same things over and over... So - we were talking about law of large numbers, right? Thats what TT is all about. We are not talking about 5 puts, we are talking about large enough number of trades so expected outcome converges to 80% PoP, right? You will also agree if there is increased option selling will decrease premium - so that you get more buyers (simple demand and supply). Now - how is PoP calculated? So stock has its IV, you pick delta - etc. The only variable missing is breakevens. Breakeven is calculated by subtracting max loss and premium. Difference is practically breakeven. So you sell naked strangle - you got higher PoP becouse 100% premium is used to cover risk. If its condor - you buy protection for that premium and now breakeven is (spreads\*100)-premium=max loss. Now add it all up - you play number game (quasi statistical advantage) - you increase supply and lower premium since everybody is selling IV since its so genious. Premium decreases, it increases max risk which changes breakeven which changes PoP. I is not different from going all in one position. I just observed TT - they said "diversify risk by time, underlyings, strategy...etc". But if you\`re short volatility and volatility spikes, correlation between products increases which means - its not diversified risk, its now leveraged risk on already leveraged products. Now, introduce transaction costs and tax . And thats why CC underperforms market regularly. I havent slept for 2 days, I\`ve been drinking and whatnot, if I made small error in language, dont obsess with it, dont make it whole argument. I cant even see letters Im typing. Uknowatimsaying

LabDaddy59

I've had limited exposure to TT's stuff as the stuff I did have exposure to was just really, really bad. For example, one time I asked for TT's support of their contention "X". I was provided a link to a video. As soon as they laid out their "back test" I knew which one would come out ahead. Sorry, but that's just wrong. Second thing is they don't do a good job of explaining that use of their backtests outside the parameters they've back tested is not appropriate. I've seen way too many people apply their "guidance" to situations not tested, saying "It's the TT way!". SMH To be fair, I suspect they do a middling job of helping their demographic.

nietzy

I’ve been trading with TT since 2018. My biggest fails have been trading futures on an account that was too small. So I got too big and had large drawdowns. Just stay small as possible. My BPR use is .5-1% per trade.

DestinyUnbnd

Worse than a strawman argument, you're just making stuff up. TT hosts vehemently and consistently argue against 99% POP trades. They live at 1 SD, which I expect you know already. But they also ask "what is your assumption" and give potential trade structures based on *your* assumption: up/down/flat, IV, DTE, etc. If you lose on an Iron Condor, that doesn't mean that particular trade structure is some scam, you had a wrong assumption and/or managed the trade sub-optimally. You're the one pushing the button, own it.

dekeblue

It would be easy for TT to analyze trading in the platform to see how traders are using the strategies they recommend and publish the results. They could show us if people are largely successful or not. The bulk of Tom's wealth, as far as you can tell from the Internet, is from the sale of ToS and his stake in TT. They want people using their platform because that's where they make the real money. Totally fine by me but I'd like a measure of transparent about that fact. I watch their content but am always skeptical and do my own due diligence.

forebareWednesday

TT is the Jim Cramer of options

phertick85

Wait, you made $4600 on 879 trades?? So like $5 profit a trade? I mean no offense, but have you ever thought you might not be the best trader in general? Those numbers seem quite atrocious. I've been a profitable trader with TT's methods, but I primarily just sell puts and Jade Lizards to keep it simple. YTD I've made over $2k this year in Net / Closed premiums and only spent $100 in commissions doing so. I've made roughly half of what you claim to have made in 879 trades with only around 40 trades. Something isn't adding up here.

nody_

Im not gonna take this as an counterargument. So you said - sizing, risk management, pop ... etc. is TT concept? Well, suprise - every portfolio manager in the world uses these concepts for trading! Its not their concept, its like "rich dad, poor dad", saying general stuff to sound correct. Well, you are correct, sky is blue and you\`re not first one to observe it. Also - Im not talking about probability per se, I use probability as a measure of expected outcome. So for certain risk/reward you have certain probability - right? Tradeoff is higher risk on higher probability. And you say you trade even higher probability, but also incure increase of risk? No, that is nothing new, you can either trade high PoP with high risk or low PoP with low risk. Expected outcome is 0 and TT is just that =0. If you achieve to get some mispricing and get higher award with relatively lower risk - kudos. You can get rich using TT techniques and have 1million 1$ profit trades. Or you can get liquidated. You can get rich by randomly generating stock ticker and buying calls. You can get rich by dividend investing in 50 years. But its random. All of that is priced in, risk is priced in, probability is priced in, historical overpricing of IV relative to realisd volatility - is priced in. Everything is priced in - so using probability in context of selling options - that high IV is price you pay for uncertanity and is priced for a good reason. Summa sumarum - option prices track fairly good the uncertanity. It is not true that probability is increased by law of large numbers. It just means youre taking more risk - aka your being rewarded for taking more risk.

AethisRex

TT has worked for me, but I only trade ETFs which I do not mind holding and rolling for as long as I need to.

Edgar_Brown

Besides the business angle which is very real, but moderated by their being businessmen with a conscience (look for example at the commission schedules), I disagree with your assessment of their trading. I am skeptical by nature, theoretically savvy, and very scientifically minded. As I developed my own trading, I would scoff at the techniques that TT proposes only to realize months later why they proposed them. I would understand why those techniques were reasonable and why these would be reasonable for a less savvy trader. As a profitable trader, I can say that the techniques I have developed for myself have a lot in common with the spirit of TT’s strategies. Sizing, risk management, trade probability, trade management, and many other aspects have direct counterparts in TT. But I trade even higher probability than they do, with a much deeper understanding of why.

That_Man_Tony

Love reading this instead now that I’m off social media(TT, Insta), I kinda want to learn and I feel reading these discussions can really help me to start investing, unless you recommend a different place for knowledge

theinkdon

Yeah, I've been gravitating toward 6 months and even 3 months out with some of my WMT money. And I saw a TT video a couple weeks ago where they were doing Diagonals at 45DTE and 60-delta, selling Weeklies against it. So I've been experimenting with that, and it's been going well with WMT so far. But it would do well with *any* stock that steadily wnet up.

golden_bear_2016

First, your claim of TT's 10 minute data means their backtests stop loss and take profit are wrong is simply incorrect. You need to build a model of your entry slippage and stop loss based on the volume at the particular strike and what that means in terms of slippage. Many just slap on 0.15 entry / exit slippage and see a wildy positive P&L in their backtests. Second and the most important point is that data from CBOE needs significant correction. Many of the OHLC is just simply wrong when you compare to relative strikes in other tracking products like /ES and SPY. This is what many people are missing in backtesting. Garbage in -> garbage out, you need a team of data analysts / quants to correctly backtest.