Is this a decent strategy?


I understand that their is no “perfect” strategy to trading, but I’d like some input for this strategy

Basically I would be trading SPY options, specifically debit spreads; I would buy a call debit spread around $1-$3 more than the MKT price for about 2-5 days out. I would also do the same trade but as a put debit spread, same range $1-$3 from the MKT price for 2-5 days out. I would buy 5-10 contracts per trade, always close my spread before the expiration date, and I would always try to take a profit for each trade (even if its $30)

I know this might as well be a strangle or a straddle, but I’d rather have 2 different debit spreads than having one trade as a strangle or straddle. So far I’ve been doing decently well, but was wondering if I’m wasting my money or time and there was a better strategy for what I’m trying to do. I have a smaller account, I’d like to trade options with around $1k-$1.5k (the rest is just in stocks).


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