Search results

I closed out 28th Feb -ironically my strategy always won when the price increased, up until then. Last month- same deal, but having been emasculated I'm taking baby steps again. I'm a lousy trader

I trade ratio spreads and got clobbered in Feb 2020 -lost about 20% -didn't think Covid was going to do that after Ebola Sars etc. You cannot hedge for events like this unless you are a speculative put buyer like Taleb

I totally 'get it' but the practicality of trading means placing the trade before you can know the Greeks, due to spreads. -Would you for example, by calculation, choose to trade iron condors in today's S&P?

Read most of those and then some Caplan Kolb Gross even Gaug- Cottle is a monster,and one regret is not seeing him talk at a meeting of about 8 options traders in London many years ago.

Turnover is the total amount going through the account. there's no VAT, only income tax as self employed trader. So yes turnover is no profit, it's everything before losses/expenses etc. Example selling strangle for 20 = £200+ ssay £10 comms= turnover. Deductions later are for profit or loss...

I have been paying self employed income tax on options for 20 years- the key question is turnover, it's easy enough to do P&L, as I'm sure you know. Capital gains is for shares- they don't understand options at HMRC !

In the mathematical sense it's precise, as it is simply a claculation based on vol, agreed. After 20 years of WTF moments, I take Vega with a pinch of salt but I'm not trading a 7 figure account these days. Also I do not trade options in isolation but in combinations. Given spreads can be as...

Thanks for that- much appreciated, I was derailed by 2020 and could not get any trades right- closing out a butterfly for 12 the day before expiry, when it went all the way to 150. And that was one of the better ones! I took some time out but back in the fold and uncomfortable

The Big Short was a dead cert given that mortgage fraud was the underlying basis of the trade. The stripper scene is especially mind blowing

Imagine one guy wants to buy carrots but is selling oranges, peaches are cheap as nobody wants them. Same deal with options -don't think of them in isolation. The market is massive, and someone is looking for a peach, a carrot and he has a big order for his overpriced oranges. Like open interest...

https://21stcenturyinvestoreducation.com/page/tce/courses/ Do the free course- do not skirt around it, understand how options work. John Carter has a Youtube channel- 100% genuine guy Least risky strategy ? Butterfly- zero risk but there is a cost, you need to buy at 20 aiming to get 100. You...

Yes. I generally try to sell more options than I buy -I'm a rubbish trader, by the way but after 20 years I'm still here

options investing.co.uk I often do ratio calendars -sell 2 in near month buy one in far month

I can tell you that with optionstrading a Martingale works very very well- except when Covid hits. Almost every single trade I have done over the years, I could have added to when in a ' losing' position. Latest trade- opened for credit 14, at one point it hit 40, went out at expiry for 0. I...

If you are looking to place bets then maybe try something else. Options are managed risk or ...risk management. Never used Lamda -still trading options after 20 years of being a moron

And Putin's ownership of Trump is ok? You know Russia rigged the 2016 election, right?

The stock market and the economy and the world does better when Democrats are in power in America. The perversion of enriching the elite has to end- it is at a tipping point where mob rule will force hands. However there will no longer be a moron in the White House. Biden is smart, his...

I believe a few high flyers like Jim Mellon thought Brexit was a good idea. Our contributions to the EU were crazy given we are the biggest market for those vile German cars. I think the € was a mistake but I didn't vote as I didn't trust the available data.

I trade with ADM UK options