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How are they predators? ToS is a brilliant platform not even available to us in the UK- Cottle is a genius, Tom and Tony are the entertainers,whenever the quant isd on they are baffled by his presentations -much of the maths leaves me behind too! When I ttarde options I have to use CBOE's option...

I agree they are terrible traders but the show is light infotainment- I have challenged their research team on a few issues and they are open to fair comment-I salute TT for trailblazinf and good luck if they make millions- the same to every trader

All trading carries risk and it takes time to get comfortable with your own risk profile but options give flexibility-futures are just win or lose,same a stocks- I'd say futures are the highest risk product of all-death by 1,000 cuts

Just for fun- I no longer trade calls,but if I was short some calls,I'd buy a call spread turning the trade into a ratio spread-example you are short 5 ABC 100 calls,you sell another 5,and buy 5 ABC 95 calls. You thus get yourself a better b/e or profit zone, but I'd be more interested in the...

I love Tasty Trade-it is quirky and fun-here in the UK option traders are practically viewed as lepers because we are the only people who make money-all that crap about forex, and individual stocks-sure a few people got lucky but for retail traders who want to educate themsleves instead of...

you may be a directional trader who doesn't care about anything,you either take the prices ... or not, and ultimately that is what it boils down to,but you cannot sensibly price options without the BS formula-it's like advertising- everyone else uses it so you have to also.

No- it's income so the threshold remains the same and the rates are income tax rates. You can use CGT rules if it's simply a matter of buying an asset and selling it again,but when it's been your main job, and it is trading, it's income, not a capital gain. I have been registered for umpty years...

I use the greeks to estimate what will happen to my positions when, or if 'X' happens and for comparitive pricing. Options are complicated and rightly so- directional trading is for other people who will get a big surprise sooner or later as the options will behave in an unexpected way

I have traded UK (FTSE) options since '99 and I am self employed so I have the usual thresholds. I also took on some PAYE work which is no problem on the self assessment tax return-you get a P60. It's hard,when you make a living from something,to avoid tax, but I'm happy to do so and have had a...

Any of these studies that fails to use real trading is less than worthless- it's insulting to those of use who trade the real markets. Academics last about an hour in real trading

here's the kicker: If a trading strategy has a positive expectation, then the use of initial stops will only serve to degrade performance.

Aparently not-I make good profits and cannot give away my mentorship-just about everyone's approach to trading is destined to fail -aftwer 16 yeasr I make money but would make a lot more trading in concert with others,but there are no takers-dumb money wants to get robbed

I think I get it-but you guys do your own thing and I'll keep pocketing the profits, IO cannot be bothered to dig out the old BS calculations and the serious error in vega. So either you've made millions with your convictions or I'm wrong

experience mate! Vol can vary hugely from one strike to the next,and vega from one expiry to another can be massively variable-got the T-shirt and I've been trading for 16 years,but hey each to their own

http://quant.stackexchange.com/questions/10473/delta-neutral-gamma-neutral-positions I never trade options in isolation for the reasons stated by longthewings-the Greeks should move in step predictably, which is the point of BS,but especially with calendar spreads,things can get seriously out of...

you are right then

unreliable as in ..... delta and gamma are fairly good metrics,but vega can be a wild ride-vol is subject to many deviant forces,from liquidity to the spread to a simple error at trade entry. (what's your vega at entry-you only know once you have done the trade) While VIX is meant to be mean...

Vega is the most unreliable of the Greeks- be aware that options neutrality is a passing phase and things soon get out of wack-hopefully to the trader's advantage- I think Jared Woodard has excellent research on vega

I'm keeping my slaves

what is the underlying? This is an intra day index play,very close to expiry based on vol explosion