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Say its not so.... I am shocked oh well there go all my plans on spending that money I was going to make on that.!!

Love to see the data on the correlation

max pain ROTFLMAO

Agreed I have been saying that since this thread was started.

Skill of the trader has no effect on the inherent edge in the options price. As far as black scholes goes no one said that their model is correct and in fact I would suggest not using it. Can you sell for edge, meaning can you sell options above fair value? Sure but its not easy and its about...

It wont help at all since if there is an advantage one of two things will happen fairly quickly. First the advantage would be arb'd out of existance. Second if that could not be done then no one would take the other side of the trades.

You're arguing over a moot point since neither of you can bring any hard evidence to the table why not let it go?

90% is an old wives tale. All those %'s are since there is no reference on particular trades held to exp.

yup over the long haul there is no inherent edge in either side.

I am not offering support of the current Supreme Court nominee, my opinion on her is moot for the purposes of this board. On the other hand if you have some proof that she called “all white males” stupid, I suggest you get it in the hands of the appropriate people right away. Along the...

The material is not overly complex some people like myself and a few others have spent a long time in the business of options trading and are generally pretty agreeable to help out. On the other hand there are a lot of people who dont have much expereince and knowledge but try to claim they do...

I get the point you’re making that you don’t care about the risks in the position. Your point of view is that… this is your bet and you’re sticking to it. The cash is protected, that’s a separate issue. I understand that part of your justification on this trade is helped by putting...

As I said earlier you can justify your position anyway you like thats not the issue. You incur other risks with the leap, vega and rho specifically. In addition the cost to carry the cash is priced into the leap. Locking up the money in a CD is not a hedge to a black swan and incurs rho risk.

I am not judging your speculation on where the market goes, your guess is your business. The price of the leap assumes you invest the cash you save over the underlying in the risk free investment, thats already in there. There is no insurance on a black swan with that position, you lose...

You can "view" the trade anyway you like that does not change all the other risks associated with the LEAP and just going long a leap is far from the same as a position in the underlying.

I agree with you. Its one thing to Bust the B's of some of the true idiots here but IMO the OP is just a rook asking a question

A deep ITM leap is not always easy find. Don’t forget the further out in time you go the closer to .50 deltas all the options get. You'd need a really really deep ITM option to get close to 1.00 deltas and then you'd incur a huge bid/offer spread and if the underlying moved you'd also be...

Great answer the only thing I would add is slippage in the options and having to cross two markets for the pure synthetic

No I didnt but to be honest we have no need for that

I have never used any of those retail systems but I can tell you the system you posted looks exactly like any "sheet" program for futures options back in the 80's and 1990's. No big deal