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    Option strategies questions

    Hey! So I'm still relatively new to the options trading game. From my knowledge I know the following: 1) Buy Call or Puts for directional plays -limited risk, unlimited profits 2) Sell Call /Puts to collect premium -unlimited risk, limited profits. 3) Any combination of these over...
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    Record Bet: Trader Sells $18 Million in VIX Calls

    I think everyone should just follow these large betters. I mean it doesn't hurt right? If the guy is willing to bet 18 million on something. You should be willing to throw out $100 in a bet. Just as long as you're not the worst one off, you're okay. Whoever this guy was, damn, 18...
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    What does Karen the Supertrader and her results say about volatility? Oversold?

    I also think she's legit. I think that tastytrade is reputable in what they offer. I doubt they would do anything to jeopardize that. Sure, everyone has a hidden agenda of some sort, but the information they put out there without selling any sort of strategy is very helpful. Secondly, Tom...
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    Can volatility stay high infinitely?

    The general assumption or belief is that volatility is mean reversing and that selling options on high IV rank are more expensive and are profitable because volatility will decrease and likewise the option price, allowing you to profit on the spread. Is it possible that IV rank or percentile...
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    I've actually been going through all your posts. Its very helpful. Some things are over my head...

    I've actually been going through all your posts. Its very helpful. Some things are over my head as I'm still relatively new to options. Just curious, how're you doing in the market? So would you say that the best strategies for trading the options involve the following (This is what I...
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    Writing options for a living

    I know this is from way back there, I'm pretty new so I'm just trying to get a feel for what knowledge I'm lacking. Basically what you're saying is, if you sold and bought a 20 delta option, over the course of a billion or so occurrences, chances are the profits would be the same, that is...
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    Hey mav, you seem pretty bitter/annoyed , what is up with that? Do you have any suggestions or...

    Hey mav, you seem pretty bitter/annoyed , what is up with that? Do you have any suggestions or recommendations of books/sites to check it in regards to trading options? I'd like to get better. Thanks!
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    nickle and diming OTM options contracts

    Thanks for the input! No thanks to maverick though. Sounds bitter. What software is this? I just trade individual stocks. I understand the risks involved with naked premium being unlimited upside and downside risk. In terms of unlimited upside, I just carry the belief that a move...
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    What does Karen the Supertrader and her results say about volatility? Oversold?

    I dont get all the criticisms of her trading. bottom line is, shes been profitable. if she can do it so can we. yes black swan events can happen, but those are extreme outliers. If you carry that mentality, you might as not trade or go out or do whatever it is you do on a regular basis due to...
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    nickle and diming OTM options contracts

    no idea what that means.
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    discussion on simple options strategy

    why not just sell cash secured puts? its simple and consistent. you lose out on opportunity risk, but you can do this consistently over time.
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    Options trading question

    I have been trading options for the last six months and havent touched stocks since. I prefer options because of the ability to sell naked puts or calls.This guarantees some sort of profit in any market condition, provided your strikes are way OTM. For example, if you are a technical and...
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    nickle and diming OTM options contracts

    I started trading 6 months ago and adopted and use a 1.5 to 2 std move to pick my strikes. On average I probably collect about 0.1 premium and diversify over 4-5 underlyings. My go to strategy has been a naked strangle and weighted differently on either leg depending on my assumed direction...
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