Recent content by SoCal1Trader

We haven't heard from him for more than a year. Hope he's doing fine.

To be honest, Michael Burry is NOT a big name investor. He just happens to be a guy that made a name of himself being far too early (which means he was wrong) in his short bets long before the 08 financial crisis.

yeah I think he meant $0.15/per share. That's peanuts for a credit spread with that many days out.

What if they go under? What's your recourse? Counterparty risk

I'm sold out of bitcoin completely and bought into Ethereum.

I think that by running these weekly if market crashes you'll be able to exit in time.

Heard from a chatroom operator that he has a 99% winning % in daytrading over 20 years. Full of crock!

It can be done via options trading but you'll have to spend a lot of time managing your positions.

How about wheeling IWM options?

I bet he's already into Ethereum. Maybe some Bitcoin. I for one have jumped into Ethereum.

I'm buying ETH and ETHE when it falls another 50%.

If anything comes out of this nutty asset class, I'd bet 1% of my liquid net worth only on the two top cryptos, namely bitcoin and ethereum.

What's your general rule for selecting the strike in a Calendar Spread?

The payout is only 5.62% on an annualized basis. Not good for the risk you're taking if you're the writer.

"But your lifetime savings are like $200,000 and you place them all on selling naked puts and the stock value drops 50% overnight. You just lost HALF OF YOUR LIFE SAVINGS in a single blow." True if you do it with an individual stock. I rather own an ETF if things blows up. Then I'll be forced...