Recent content by ShadowEEngineer

Java based maybe?!

Is there an alternative to Quantopian?

Adding, not afraid to leave some profits on the table. Meaning, exiting before absolute top.

Risk management via simulations (and some gut ). Great thread!

Yep, covered calls on a dividend paying stock is a great example which I employ as well. Not sure why people assume the worst, perhaps b/c I'm new here

Valid points. As I said earlier (in the first page), I do not recommend writing puts b/c of black swan events. That said, some people got rich, just like some people got rich managing hedge funds and others closed down (not to mention SEC). Look, I truly understand your points, and all I'm...

agree on both counts. If you buy ORCL June monthly it contains ER event..... ITM is safer by far.

Picking a direction is the same as picking a direction for a stock, only here you have to account for volatility, time to expiration, rate of change, etc. For argument sake, one could buy ORCL after yesterday's plunge with expiration of a month or so. (And you can play their ER on 6/16)...

Thank you!

What's C2?

Guys, I can also give you closed hedge funds a dime a dozen.... So we won't trade equities? Related thread: http://www.elitetrader.com/et/index.php?threads/what-is-this-option-selling-hedge-funds-edge.218643/ Happy trading.

Thank you for the suggestions, I'll definitely look up Karen and Maverick. There are some constraints of course, and it can end badly. No argument there. That's partially why in my first post I said I do not recommend this :-). That said, it's all about choosing the stocks. Volatile stocks...

Also, personal example. Sold SRPT C22.5 contracts earlier this week for $160/each and now it expires worthless.

You are right, I was wrong. Seems the number of options expiring worthless (which you want) is much higher. "Studies (and experience) show that the options buyer does not have a 50/50 chance of winning. They actually have a very high probability of losing. A study done using Chicago Mercantile...

I think you treat it as "set and forget" for long term, meaning similar to investment. But, while the above returns could be correct (I didn't check), is it optimized? ETF isn't designed for long term (NUGT, DUST, etc), so I wonder if one can get better returns timing the buy/sell. Obviously...