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This forum is out of control. I never know when people are serious or just flat out trolling. If this dude is serious, all I can say is wow. How the $#&% did you get your hands on more than one dollar to trade, let alone hundreds of thousands. This is absurd !

A stock picking system that worked in a bull market, you don't say..... Where do these "traders" come from, seriously :)

With the short spreads TT talks about most, 60 months is plenty of time to get an idea of what's working and what isn't. They aren't scalping pennies in intra-day quant trading, these are positions left on for 20+ days. A 5 year back test for Iron Condors can tell quite a bit actually...

Where are you finding 20+ years of reliable data? I haven't found any sources that are reliable going back much further than 5 years. Fortunately I did all my back testing for my current strategies in 2010/2011 so they go back to around 2006. But I'd love the ability to take them another 10...

I see why conversations like this always fall off the rails. You guys are confusing semantics with your point of view. "accounting for volatility" in your head might mean something, but to those you are arguing with, that statement is completely vapid. What do you mean once you've "accounted...

Oh man, another guy saying the option greeks are useless? Where do these people come from... You do realize you're posting in an OPTIONS forum right? Maybe you confused the forum tab for "options" with the one for "directional price gambling for the less mathematically inclined"

No nerves were touched :) It's just a VERY common misconception in the options world that there is literally another person on the other side of your trades. That's how I read your statement, but if that's not literally what you meant then great, we can move on :) As far as why someone...

Open interest is just a pool of option contracts. You don't have to find an exact counter party individual on the other side of every trade you want to make. I have an NDX Iron Condor open right now for example. That certainly doesn't mean there is some dude out there with the exact opposite...

Why do people always think there's "someone" on the other side of the trade? Like you thought that when you sell an Iron Condor, that someone bought the same one? Dude, that's not how order execution works. There's countless reasons why the contracts on the other side of your trade have...

Nobody is saying the greeks are useful FOR YOU. Clearly you're one of these guys that trades options exactly like they trade stocks. Close your eyes, pick a direction, structure a trade that will profit "IF" you're right, and let it fly. Well good for you my friend, you are a directional...

Charm, Color, and Speed can all be important if you're trying to align a broader portfolio of several different positions and expiries into a more uniform view of volatility. This thread has to be troll bait though because there's no possible way anybody could ever believe the option greeks...

Trading plan? Controlling risk? Is that what you think you did with this trade? You rolled the dice on an OTM call, that's it. There was no plan or risk management involved. You simply had a gut feeling that Google was going to go up, and you bought an OTM call to see if you're right. No...

You are right, that would accomplish what he's asking, but that would be a terrible strategy since you're giving up the prime risk reward time period for time decay. That 25-45 day time period (roughly speaking of course) is the ideal time to be trading. By opening longer term positions like...

Uh no, completely wrong. If you were to systematically sell volatility over a long period of time, your expected gain would be the volatility risk premium over that period of time minus your trade commissions. And since the VRP changes all the time, and over different time periods, there is no...

"Back testing has very (if any) limited use. Show me historical data for stock option strategies from 100-500 stocks over a 1-5 year run and I will show youF*CKING NOISE. Option positions have the same characteristics, in most cases they are VERY CLOSE to being a winner or loser. That's the...

"I often hear people say what you said, "...until it does not work anymore". If it stopped working it could not have been based on the basics of price movement, could it?" I think this is completely wrong, and to be honest it's going to interfere with your ability to adapt to markets and make...

Oh man, please don't tell me you're actually live trading... Not only are your math skills seriously lacking, but you also seem to have a problem with the English language that we've all agreed upon.

Honestly, I've not heard a single successful option trader warn against short positions. Of course you should be on the short side of options trading, how else do you expect to make a profit in the long run? The reason short strategies often times "work until they don't" isn't because they...

People can give you a bunch of long winded reasons why what you're talking about doesn't work in practice, but as simply as can be stated, it's best if you just accept the following as a truth and move on to more fruitful system building. There is no bid / ask / carry arbitrage available to...

You're just digging a deeper hole for yourself, but by all means don't let the rest of us stop you as it's quite impressive to watch. I'll state it again for you in case you missed it. While it is possible to earn money given the impressive lack of understanding of the options market you are...