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I'm sure it's been stated a hundred times already, but since people don't seem to let it sink in I'll say it again. Karen's strategy is directional. It's a bull market strategy. Nobody should be surprised that in the last 5 years, a clearly bullish directional strategy on the SPX would work...

This is dead on, and something I think more people need to absorb. No trader gives away for free what they could be selling, or personally exploiting without others following along. So basically, IGNORE all YouTube options guru's, all forum threads that pretend to teach trading, and all books...

While it is certainly possible to make money trading when you don't understand the underlying math behind the system, I would say that it's probably not in someone's best interest in the long run to carry these misconceptions. To say Black-Scholes is all wrong, or that Vega has serious errors...

That doesn't answer the question at all. Vega, and what it's measuring is no more or less variable than any of the other greeks when viewed correctly. The problem is you, and what your understanding of vega is. If you're trying to assign more predictive capability to it, and assigning more...

I'm not sure how you're arriving at this conclusion. Delta, gamma, vega, they are all equally reliable metrics in what they are meant to measure, and none of them go any further than that. If you're trying to make vega out to be something more than it is, then sure you can get yourself into...

Easy to understand, even easier to trade, and it's a pretty broad net that captures a significant portion of market movements. However as has been said, nothing works in all environments. That is literally a mathematical impossibility. The very structure underlying the markets prevent the...

It would certainly have to be at least a big part of it, because "statistically predictable" may not actually be that profitable. This really is an abstract thread, because there is no way to assign "the best" to anything to do with trading. High absolute returns might be the best for some...

You think humans are special? Gods creations right? It's all here for us right? LOL Statistically speaking, virtually 100% of the universe would kill us instantly. Humans have lived for what amounts to again, statistically speaking, virtually 0% of the universes life. The amount of the...

Again, such a laughably puny statement. The arrogance and egocentricity of some people. Fine tuning is only an "argument" for people who are actually stupid enough to think the universe cares about us, or it's current form. I've already stated that yes, scientists for years have known that...

I'm loving the posts John, keep em up. It's truly entertaining to see such an obvious rank amateur "teaching" the rest of us sheep. Please, more nuggets of wisdom from all the lessons you've learned from your "friend." Remember, the rich one you brag about on a chat forum. Not yourself, your...

I always cringe when I see people posting option trades with absolutely no mention of anything important. No implied vol, no measure of how high or low that vol is, no greeks mentioned, no management strategies, nothing. Just prices... And people wonder why the vast majority of so called...

Skills? What skills John? You mean talking absolute non sense and advertising your ignorance on a chat forum is now called "skills?" Interesting... I'm sure we'd all be very interested to see these skills. Is your track record available?

"fine tuning" is an absurd argument put forth by very small minded people. Yes it's true the universe is finely tuned for life as it exists on earth today. If any of the forces in our current universe were to change, even a trillionth of a fraction, life as we know it would not exist. SO...

No, atheists don't say that. All we say is that based on current evidence, we don't really know how the universe began. The big bang, although conceptually very hard to comprehend, it does seem to hold up pretty well with the rest of our evidence based understanding of time and space so for...

Thanks for sharing that incredibly cool story, we are all very impressed. I always love the part when people tell their fairytale stories, they always add in that hilarious part: "this is where effective risk management begins" as if that somehow proves a point. Oh I see, so he just added...

The prices mean very little. The options market is pretty efficient, and there's always the other side of the trade. So in your little breakdown of prices there, the probability of it going down is going to be far greater than the probability of it going up. That's why it's priced the way it...

There is literally a million ways a person could insult that comment, but let me try to be more mature about it and say.... because it doesn't work that way. I strongly suggest before you start trading, you figure out why it doesn't work that way. you know... um... Man, what to say to...

Again though, just throwing the word math into a sentence doesn't mean there is any actual math being performed. All you're doing is dancing around within your own self proclaimed false premise. You say: Let's ASSUME that 1% can be made doing X strategy. Conclusion: That means 1% compounds...

That is shockingly dumb. The only thing sadder than a person so idiotic to actually believe that crap is how I managed to get myself into a conversation with such a fool. 20% a month for decades? How are you able to tie your own shoes in the morning with such a malfunctioning brain? 10,000$...

By the way OP, what the hell does that even mean? What kind of assumption is that? Let's ASSUME there is 1% to be made on a daily basis. WHAT ??? Did I miss something? Like maybe the HOW are you going to do that? I don't think you know what the word math means.