AWYS
AWAYSIS CAPITAL INC. COMMON STOCK
stock OTC

Posted this on algotrading and got meh comments and reviews, so I am posting here to get the brain trust feedback.
What does the best community of random stock picking and/or losing traders think about this random trading long/short strategy?
1. Filter for stocks with weekly options and penny increment options
2. Split the account in 20 parts - the PART of the account for this trade, NOT the entire account
3. With the 10 parts buy bear put spreads at the money for 50/50 risk return on 10 random stocks. Yes, random because you are not a stock picker.
4. With the remaining 10 parts, buy an at the money bull call spread on SPY, at 50/50 risk return
5. Wait until midday Friday, then roll for next week
6. Keep rolling
This will take you an hour on Fridays, and you can larp to be a hedge fund manager.
The implicit assumptions are:
1. Full on vol diserpsion arb is cost prohibitive for retail traders
2. Retail traders pick the wrong stocks, so put spreads are the the weapon of choice
3. Vertical spreads are easy to manage, or in this case, monitor
4. SPY goes up most weeks
5. Even if SPY tanks, individual random stocks will drop more than SPY
I run a version of this trade, and it's been good.
Shoot holes in this and tear it apart - would love to hear your harshest criticisms.
**If you all agree that this is a good strategy, I will stop trading it. If you think it sucks I will keep going.**
PS: For the hotheats, algotrading means that the trades are formulated by an algorithm, and the stuff spelled out above is an algorithm coded in English. No need to code in another language, or automate, in order to qualify as algo. just so we are clear and we get that out of the way.
EDIT: For the curious, the randomizer spit out these stocks this week. You can find the full list of weeklys here: [https://www.cboe.com/available\_weeklys/](https://www.cboe.com/available_weeklys/). No position yet, but I am sticking to it, small part of the account obviously.
|| || |Ticker|Name| |DBX|DROPBOX INC CL A| |JPM|JPMORGAN CHASE & CO. COM| |PEP|PEPSICO INC COM| |MDLZ|MONDELEZ INTL INC CL A| |TSCO|TRACTOR SUPPLY CO COM| |HRL|HORMEL FOODS CORP COM| |NTAP|NETAPP INC COM| |JBLU|JETBLUE AWYS CORP COM| |PBI|PITNEY BOWES INC COM| |RDFN|REDFIN CORP COM|
EDIT2: I have put verticals on all but PEP which had horrible pricing today and I could not get anywhere close to even. I also have a 560/561 long call spread on SPY.

Posted this on algotrading and got meh comments and reviews, so I am posting here to get the brain trust feedback.
What does the best community of random stock picking and/or losing traders think about this random trading long/short strategy?
1. Filter for stocks with weekly options and penny increment options
2. Split the account in 20 parts - the PART of the account for this trade, NOT the entire account
3. With the 10 parts buy bear put spreads at the money for 50/50 risk return on 10 random stocks. Yes, random because you are not a stock picker.
4. With the remaining 10 parts, buy an at the money bull call spread on SPY, at 50/50 risk return
5. Wait until midday Friday, then roll for next week
6. Keep rolling
This will take you an hour on Fridays, and you can larp to be a hedge fund manager.
The implicit assumptions are:
1. Full on vol diserpsion arb is cost prohibitive for retail traders
2. Retail traders pick the wrong stocks, so put spreads are the the weapon of choice
3. Vertical spreads are easy to manage, or in this case, monitor
4. SPY goes up most weeks
5. Even if SPY tanks, individual random stocks will drop more than SPY
I run a version of this trade, and it's been good.
Shoot holes in this and tear it apart - would love to hear your harshest criticisms.
**If you all agree that this is a good strategy, I will stop trading it. If you think it sucks I will keep going.**
PS: For the hotheats, algotrading means that the trades are formulated by an algorithm, and the stuff spelled out above is an algorithm coded in English. No need to code in another language, or automate, in order to qualify as algo. just so we are clear and we get that out of the way.
EDIT: For the curious, the randomizer spit out these stocks this week. You can find the full list of weeklys here: [https://www.cboe.com/available\_weeklys/](https://www.cboe.com/available_weeklys/). No position yet, but I am sticking to it, small part of the account obviously.
|| || |Ticker|Name| |DBX|DROPBOX INC CL A| |JPM|JPMORGAN CHASE & CO. COM| |PEP|PEPSICO INC COM| |MDLZ|MONDELEZ INTL INC CL A| |TSCO|TRACTOR SUPPLY CO COM| |HRL|HORMEL FOODS CORP COM| |NTAP|NETAPP INC COM| |JBLU|JETBLUE AWYS CORP COM| |PBI|PITNEY BOWES INC COM| |RDFN|REDFIN CORP COM|
EDIT2: I have put verticals on all but PEP which had horrible pricing today and I could not get anywhere close to even. I also have a 560/561 long call spread on SPY.