Correct. The portfolio is roughly balanced 1–1 puts-calls. But really, I’m more focused on the delta being neutral. So some times as markets move, one side may have more inventory than the other, but I’m still managing the delta exposure to near neutral. (For example, I might be holding one -75 delta put and three +25 delta calls to balance out to neutral).
Trade Ideas has options data in the platform related to things like unusual options volumes. That data is probably better suited to an equities trader who is looking for clues in the options market to make better decisions on trading the underlying stocks.
If you’re referring to the performance I was sharing earlier in the year, I stopped trading that strategy this summer. Just wasn’t earning enough to justify the effort I was putting in. Trading a different strategy now on SPY/SPX options.
Yeah, I’ve tried that route, but that’s a bit over his head yet. Mostly, he wants to come in and watch videos on youtube too (because he thinks that’s what I’m doing. LOL!).