I have been trading index options for about 4 years so I am a relative newbie as well. I lost money the first 3 years (less and less each year) and have been profitable over the past year. My trading keys, money management and psychology have all changed over the 4 years but the learning has...
"Gamma Scalping Delta Neutral Long Vega Short Theta Rho anticipating Broken Wing Condor Calendar Spreads is the road to riches."
I like this strategy (I think) tell me more or at least where I can subscribe :)
My objection is that selected players get to make virtually unlimited risk free profits by virtue of paying money to the exchanges (co-location). I agree they probably keep spreads narrower but their gains are risk free (front running valid orders) by exploiting timing and fill differences. It...