1. You are correct if you compare selling 10 options with a small delta and 10 options with a large delta. In this case, options with a large delta move faster with the underlying (and receive a higher premium). But often you look at selling several options with a premium of eg. 2 % of the account. In this case, the larger number of options with a low delta often moves quicker, as they react stronger to a change in volatility.

2. You should always trade options using a limit order. I usually place this order between bid and ask. Often you get filled in the middle, sometimes you have to move a bid to your disadvantage.

3. You find this information at the sites of the exchanges under "contract specification". (You should have a look at contract specifications anyway.)

4. You find my exit strategies in detail in this thread.

Best regards, Myrrdin

Good stuff!

In terms of an exit strategy, when i want to exit a sell position when option price doubles. Do you exit the BUY at the same time? (As it was a spread trade).

Regards

I’m looking to start placing trades but want to be precise on a lot of matters, so thought i’d ask these questions beforehand!

I have been following tastytrade option selling models and have not had any success , lots of comissions and my net account is always in red

Did you do it with stock options or future options (in case of tastytrade that would be the ETF)?
I find it easier to use future options, since they are less erratic that single stock options. (Although i also sell stock put for stocks I would like to own eventually).

If you are always in the red with future options you probably should examine the way you chose the trade you are doing and although the delta and DTE you use.

IMO:you should choose a low delta and a DTE around 100 days and look if seasonality is in your favour and look at obvious support/resistance. If you are always in red then you are probably very unlucky or you manage our trades not good. (e.g. go out to soon or way to late)

1. Trading in the long run has nothing to do with luck.

2. One important point is missing: Lot size too big for the account.

3. As mentioned below, all these potential problems and their solutions can be found in the two threads of Ron and myself.

Best regards, Myrrdin

I am surprised that almost every future is today negative. ES, ZB, GC &c.
Is this by chance, or does is everything is positively correlated now (via the USD)?

Interest rate futures are moving lower, and consequently the USD is moving higher. If USD moves higher many commodities traded in USD get cheaper.

Best regards, Myrrdin