Thetagang strategies gives you bad returns using any metric you want. Change my mind.

I don't... I don't believe you that you "made money selling puts the last few days". They either got assigned and now you're down, because the whole market is down, or they didn't get assigned but they're still worth more than when you sold em since, again, the whole market is down. See, this is literally the exact problem OP is having with theta gang: people like you running around acting like there's no downsides to theta gang or that you literally always making money. You're not. It's still a bullish strategy, so you're still losing money on days like today. It's just disingenuous to act like theta gang is free money when actually it's really not (pennies in front of a steamroller, etc). You're still losing money in a bear market and in a bull market you're hard-core gain-capping

/r/wallstreetbetsOGs Thread Parent