Iron ore price, page-52603

I use IBKR and tastytrade. IBKR mainly for aus. Tastytrade for US and futures.

I can write naked puts and calls with them, it’s also dependant on the brokers internal risk assessment on you.I seldom do risk defined trades like put or call spreads / iron condors etc

Usually do weekly’s or 45DTE at about 20-30 Delta. Depends how I’m feeling… 45DTE’s I’ll usually manage at 21DTE because theta decay has been maximised by then.

Yeah options are an absolutely incredible tool, it’s pretty much a fundamental operation of the market I.e staying delta neutral, delta hedging. Unfortunately Aussies just aren’t interested in learning about them because they require a bit of thought and an understanding of risk, your margin of safety, and positioning through a statistical lens. That’s why the liquidity and spreads are so garbage here. People’s eyes glaze over when you even mention them. I pretty much make my living off them as a retired dude in my 30s lol.

Its refreshing seeing more Aussies using them like you and @convexity and seeing you talk about em. I’m already up approx 50% and 25% respectively on the 21Ps I’ve sold.