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If you were doing spreads, then there couldn't be any "exorbitant margin or cash requirements"; the max requirement would be equal to spread width less credit/debit paid. So what are you talking about?

It's the most brilliant idea I've ever heard! Now, excuse me while I go build a transmission with five reverse gears and one forward; there's a lot of bugs smashing against my windshield as I drive, and I don't like spending all that money on windshield washer fluid... Also: Have you ever...

As @cesfx has already said, there are losses in translation here - although I think we can make some assumptions. If you're selling options covered by the shares mentioned above, then you're talking about calls - not puts. Also, a single option contract represents 100 shares - so 10,000...

I've been using ChatGPT to produce Python code for my analytics, and it's short-cutting the process by at least 10:1 - including the debugging, where I can just feed the code errors right back into it. Love it with much love. :)

Excellent! Makes a good replacement for LMGTFY. Thanks! :)

Meh... not really. Now it's "visit lmgtfy.com and type <query>" - not nearly as amusing as in the past.

That is specifically a long straddle. There's also the short version.

:D:D:D It's indicative that we both went to LMGTFY before posting here. Same experience, BTW.

So far, it's cost me a bunch of theta. Oddly, it also loses on gamma. Obviously, the problem is that the underlying absolutely sucks.

Here, let me Google that for you...

Oh, shit. :D:D:D Not even observing this from the sidelines, but like the old joke goes, "in that case, I'll just have a small cup of coffee." Screw that noise; this is an adult forum. PLACE YOUR BETS, LADIES AND GENTLEMEN! (One thing you know for sure is that someone here will make you a...

Had to log out to read it, and - yeah. Sounds like someone who was bullied in disgusting ways when young and is now attempting to reenact those times but "win" over his imaginary tormentors; that kind of weaponized ignorance and triumphant malice doesn't just appear out of thin air. I managed...

Yep; that sounds like TheDawn that I remember. :) I see @cesfx has posted the link. Off I go, dumpster diving... Thanks, guys!

Well, this explains the replies with all the blank space in them. I blocked "The Dawn" ages ago for rampant, unrepentant cluelessness - and I'm guessing he's at it again. Looks like you folks are being quite well entertained... :)

OK, I've just got to ask. :confused: Since -P = S - C, they should be equivalent - but I know that there are some marginal differences prior to expiration (e.g., due to the vol smirk.) Is this about dynamic hedging - maybe on the call side prior to expiration?

Visualize the power of "and". We're all rootin' for ya. :D

[sigh] So is everybody else. It's not even that people aren't willing to help you; they are. The people in this forum, minus the loud obnoxious morons (who are found everywhere), can be quite helpful. But what you're asking is essentially "now that I've learned that 1+1=2, how do I disprove the...

Well, yeah! If you're a "financial advisor" with an AUM of $112.77 and a ruinous lunch bill of $12.99 at your local Chipotle, holding a "Your Retirement Finances: A Look at the Closest-Held Secrets of Wall Street" seminar at your local golf course clubhouse is sure to get you at least a few...

Which can also be read as "typically don't have too much premium." You may want to study the concept of implied volatility. You seem to have a mistaken idea about how markets work: a belief that there are "better" and "worse" stocks for iron condors (or any other structure.) Consider this...

Yeah, pretty much. From The Seven Samurai: “Shobu wa mite iru!” (“As for this fight, I can see where it will go.”)