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The dividends are priced into the puts and calls so you're not collecting anything additional or losing the dividend.

Well I am sorry if you don’t care for the facts, for some reason they appear to upset you. No one said anything about a zero sum game. Experience is not an inherent edge, sorry but that’s just a fact. Any trader, with any amount of experience can manage both long or short options which may...

I always wondered how there could be more Ferrari's owned by people on web forums and chat rooms than the total number ever produced? Do you think people perhaps fib a little in these settings? If thats the case I may have to re-think this whole internet thing. :D

I am not really expressing opinions, I am just relaying facts. Your PnL or your groups PnL is irrelevant since we can’t see your real time trades or true PnL. There is NO inherent edge in being a buyer or a sell of options, that’s a well documented fact over time. The market over time prices...

Options are too expensive based on what facts? Incidentally history has shown that options are fairly priced expiration week and day.

I would be willing to bet they've done almost exactly equal over 30 years. LOL There is no edge in being a buyer or a seller in options, this has been discussed to death on this forum.

Sounds to me like you just figured that out and wanted to tell the world you did. There are all kinds of reasons for having the stock in your portfolio.

A lot of people actually want to own the stock. Selling the call is just a kicker.

No one really cares what % of your fictitious portfolio this potential trade is. There is nothing to hedge on a position like that. The fact you needed to announce you’re not hedging it leads me to draw the conclusion you’re not a particularly experienced trader. If there was an experienced...

The delta and theta on a far out of the money call spread are pretty much meaningless. When you're simply selling spreads to pick up a little premium you’re not going to manage the tiny individual positions by delta or theta. Looking at an indexed chart of the BIDU’s IV vs. its HV over the...

The numbers and the chart mean absolutely nothing. They’re backed up by nothing, you could call yourself the King of Siam in the same sentence and it would mean the same as the numbers you posted. Since again, it’s an anonymous web forum, if you feel that posting a fictitious track record...

My time and effort took all of less than a minute and I believe my post achieved the point I was trying to make. Posting that silly chart and claims backed up by air on an anonymous web board is nothing more than an exercise in self-flatulence. The notion that anyone who has serious money to...

ESRX has only traded above 90 for small handful of days in its 10 year chart. The chart looks pretty bearish but thats just an opinion. In your put spread, the day in question 2/2 the range was 85.43 to 86.54. So despite collecting premium the spread was already in the money and you should...

Ditto. All I see are some numbers and a cheap plot posted on an anonymous web board.

How do you close a position which was not really opened?

Sure any trade can be profitable if you can magically sell the options higher than they traded.

In 1998 and 1999 I was a market maker in the DELL options pit. The skew still favored the puts as it should have. The great thing was the huge bulk of the retail order flow was people buynig calls and selling puts. Of course this was fantastic for the market makers as we bot puts / sold calls...

LOL yea he forgot to report it

Fair value is not "relative" you can calculate the fair value since you always know how many cases are left and what values are left in those cases.