Recent content by houstak

It is also surprising that they haven't changed anything or closed the fund down after their strategy was proved unreliable (an that is a big euphemism). -68% in 2 months sounds very unreliable to me. Also Jan08 or Feb-Mar07 should have been warnings already. The low return before is not that...

Writing options is profitable when they are expensive. Buying them is profitable when they are cheap. If you're looking for a few magic words, here they are: "implied volatility" This post says it all very nicely: