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  1. BlueWaterSailor

    Naked call writing

    Here's the funniest part, actually: there's a way to instantly pacify me - in fact, the @M.W. creature claims to be expert at the very thing that would do it. The moment @destriero, @taowave, @newwurldmn, or any of (few) other knowledgeable people here start to seriously discuss trading, option...
  2. BlueWaterSailor

    Naked call writing

    You weren't actually trying to understand what it writes, were you? Just as if it made real sense? :) I find that it's best treated like art. Well, a certain sort of art, anyway. https://news.artnet.com/art-world/prinzhorn-collection-mental-patients-292659
  3. BlueWaterSailor

    Is there a tool to pick the best option?

    Let's see... a whiny, arrogant dirtbag appears on this site and immediately starts losing his shit over experienced people advising newbies. He shows zero intelligence or cleverness ("TacoBell"? Really, that is the best your wilted lettuce of a brain could do? Jesus... my pet rat could crap out...
  4. BlueWaterSailor

    Naked call writing

    Once a dirtbag steps over the line, the severity of the punishment and how long it continues is not up to him any more. I would think that the obvious damage you received by being bullied during your entire childhood would have made that obvious to you, but no... clearly too stupid to get the...
  5. BlueWaterSailor

    Naked call writing

    You mean THAT'S who I've been talking to ALL THIS TIME??? OMG... that explain EVERYTHING! Mr. Buffet, please come back! I'll swear off options forever! Oh, wait... https://ftalphaville-cdn.ft.com/wp-content/uploads/2014/02/What-Type-of-Puts-Did-Buffett-Sell.pdf
  6. BlueWaterSailor

    Is there a tool to pick the best option?

    *cough* We haven't seen an audited blotter yet. And I've heard - please correct me if I'm wrong - that some people occasionally make statements that are less than true (gasp!) on these here Internets...
  7. BlueWaterSailor

    Naked call writing

    I do have to wonder... does this creature ever stop and check to see if it's making even the slightest shred of sense? Or is it just gabbling in purely-reactive panic, in every single post where someone challenges it in the least way? On the one hand, the only things I'm saying are...
  8. BlueWaterSailor

    Is there a tool to pick the best option?

    Dammit, sometimes I just love the naked, unashamed greed and liquidity baiting in here. THAT's how you do it, people! GET THAT BAG!!! You, sir, have won the Internetz for the day. May all your fills today be good ones! :D:fistbump::thumbsup:
  9. BlueWaterSailor

    Is there a tool to pick the best option?

    Shhhh... don't spoil the virtue signaling, please. Sure, it doesn't make any sense - the OP came in here specifically asking for people's judgment - but somebody has to buy (and, unfortunately, rehash) those motivational posters on the 99-cent discount rack...
  10. BlueWaterSailor

    Naked call writing

    Oh, yeah... those Deep, Awful Mysteries into which you were inducted in the Dungeons of the Most Arcane and Ancient Order, and forbidden on Pain of Pain to reveal to mere mortals... Damn it, now I'll never find out how you people got those red noses to stay on!
  11. BlueWaterSailor

    Is there a tool to pick the best option?

    This sounds something like 'what is the best kind of razor blades to swallow? I like being safe, so I'm just picking ones that are about 2"x2" right now.' If you're any good on direction, you should be buying options, not selling them - just what @taowave was saying. Selling is basically a bet...
  12. BlueWaterSailor

    Naked call writing

    [smile] Thanks, ON. I don't think I'm a savant - I've met too many people who were way past me on that right tail of the bell curve - but one thing I'll definitely agree with: I'm still learning this business, and I'm never going to say that I'm done learning. That would take the kind of massive...
  13. BlueWaterSailor

    Naked call writing

    Nope; calling an idiot out for being an idiot does not make one an idiot. Ditto taking down some jerkwad who thinks he can run his mouth without consequences - or taking a baseball bat to a burglar who broke into your home. Those are all things that reasonable, rational people do. But what's...
  14. BlueWaterSailor

    given beta, how to calculate stock move

    Hey, you're not the only one that has that magic power! Stop boasting. :p
  15. BlueWaterSailor

    given beta, how to calculate stock move

    Exactly why I said it was a decent rough measure. :)
  16. BlueWaterSailor

    given beta, how to calculate stock move

    You're probably thinking of beta-weighted delta. Again, it doesn't stay locked against a portfolio - but it's a pretty decent rough measure of delta exposure.
  17. BlueWaterSailor

    given beta, how to calculate stock move

    Given that it's been over 35 years, I don't recall. But then, I don't dick-measure against other people based on it, either. I'd suggest either professional help or hiring a hooker to help you get over that.
  18. BlueWaterSailor

    given beta, how to calculate stock move

    A band? Sure - assuming no binary events occur on one side, the correlation continues to hold, and so on. The meaningful question is, will that band be narrow enough so you can extract alpha ( :) ) from it? My default take would be "no", for the same reason as the scenario above. If it's that...
  19. BlueWaterSailor

    Naked call writing

    Oh, look... it opened its trap and didn't like the results it got back. Awwww... Pity the poor little shithead who thought it could get away with initiating hostilities... That's a basic principle in life as well as in law. "Buh buh buh I didn't think you'd come back with THAT much force!" is...
  20. BlueWaterSailor

    given beta, how to calculate stock move

    I prefer to think of it as a range rather than an estimation... the latter smacks a bit too much of the "finger in the wind" method of "science". :) Bell curves just, well, they make sense to me. Guessing (i.e., "estimation") doesn't. Oh, OK - now I get what you mean. I'm teaching data...
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