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====== 90-Day Options Trading Mastery Plan ======
// Last updated: {{NEWDATE}} //

===== Phase 1: Foundation (Day 1-30) =====
=== Week 1: Setup & First Trade ===
<code>
**1. Tool Installation:**
  - [[https://www.tradingview.com/|TradingView]] (Free plan)
  - [[https://optionsprofitcalculator.com/|OptionsProfitCalculator]]
  - Broker paper trading enabled (Thinkorswim/Tradovate)

**2. First Strategy: Cash-Secured Puts**
  * Pick 1 stock (e.g., $SPY, $AAPL)
  * Sell 1 put:
    - Strike: 5-10% below current price
    - DTE: 30-45 days
    - Target premium: 1-2% of collateral

**3. Journal Template:**
^ Date       ^ Ticker ^ Strike ^ Premium ^ Exit ^ P/L ^ Lesson ^
| {{NEWDATE}} | AAPL   | $170   | $2.00   | $1.00 | +$100 | Closed at 50% profit |
</code>

=== Week 2-4: Skill Building ===
<code>
**Daily Routine:**
1. Scan for high IV Rank (>50%): 
   ```Thinkorswim: Scan → Stock Hacker → Add "IV Percentile" column```
2. Watch 1 [[https://optionalpha.com|Option Alpha]] video
3. Track theta decay on open positions

**Weekly Review (Sundays):**
1. Top lesson learned
2. 1 mistake to fix
3. Earnings preview (avoid trading)
</code>

===== Phase 2: Consistency (Day 31-60) =====
=== Vertical Spreads Drill ===
<code>
**Bull Put Spread Example:**
1. Sell $SPY $400 put
2. Buy $395 put (same expiry)
3. Max risk: $500 - premium received
4. Profit target: 50% of max gain

**Risk Management Rules:**
- Max loss per trade: 2% of account
- Weekly loss limit: 5%
- Position size: 1-3 contracts max
</code>

=== Progress Metrics ===
<code>
**Monthly Checklist:**
- [ ] Win rate ≥60%
- [ ] Avg winner > avg loser
- [ ] Journal completed daily
- [ ] 0 earnings trades
</code>

===== Phase 3: Mastery (Day 61-90) =====
=== Advanced Tactics ===
<code>
**Approved Strategies:**
1. Iron Condors (IV Rank >50%, 45 DTE)
2. Earnings Straddles (Only if IV Rank >90%)
3. Portfolio Margining (If account >$25K)

**Profit Protocol:**
- Withdraw 50% of gains
- Reinvest 25%
- Keep 25% as cash buffer
</code>

=== Live Accountability ===
<code>
**Send for Review:**
1. Weekly journal snippet
2. Any trade violating rules
3. All losses >3% of account

**Emergency Protocol:**
After 3 consecutive losses:
1. Stop trading for 24h
2. Re-watch [[https://youtu.be/LmDMBY4kGZs|Risk Management Video]]
3. Paper trade 1 recovery setup
</code>

===== Templates & Tools =====
=== Thinkorswim Setup ===
<code toc>
1. **IV Columns:**
   - Right-click options chain → Columns → Add "IV Percentile"
2. **Hotkeys:**
   - Setup → Application Settings → Hotkeys (recommend: "Quick Close")
3. **Probability Lab:**
   - Analyze → Probability Lab → Set 30/60/90 day forecasts
</code>

=== TradingView Alerts ===
<code>
**Essential Indicators:**
1. Volume Profile (Session)
2. Bollinger Bands + RSI(14)
3. Custom Pine Script:

//@version=5
ivRank = (currentIV - yearlyLowIV) / (yearlyHighIV - yearlyLowIV) * 100
plot(ivRank, title="IV Rank")

</code>

===== Critical Rules =====
<code>
**Never:**
- Trade earnings without 3+ months experience
- Use >5% of account on one trade
- Hold positions <5 DTE

**Always:**
- Set profit targets and stops before entry
- Journal within 1h of closing trade
- Review metrics every Sunday
</code>

====== Quick Commands ======
<code>
**Daily Scan Command (Thinkorswim):**

/web Stock Hacker
Add Filter:
"IV Percentile" > 50
"Volume" > 1M


**Profit Calc Shortcut:**

/calc SPY 450 call 45 DTE
→ Adjust strikes visually

</code>

===== Implementation Notes =====

Version Control: Enable ''Settings → Admin → Versioning'' in DokuWiki to track progress

Tagging: Add {{tag>trading plan}} to this page for quick access

Visuals: Replace placeholder images (e.g., {{ :theta_decay.png?300 }}) with your actual charts