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So no 'pro' trader ever lost money? There are thousands who lost everything-all clever professionals like Bear Sterns

If it doesn't work why does every trader around the world have screens with charts? Why look at order flow from people whose judgements were probably made using TA?

This is not the place for sensible comment evidently- we each have to find what works for us-and THAT is the big secret

The Greeks work in concert- vega is deceptive, IV varies minute by minute, so to think theta is an absolute is nonsense- if it worked in isolation nobody would buy options, as the trade would automatically incur a loss. You do of course incur a loss by buying in the bid/ask spread and paying...

buying options makes sense when you sell other options to pay for them. I used to love combo's- sell a call/call spread to buy a put/put spread when you think the market is too high-which it would be even if it dropped 30% tomorrow. Unfortunately we don't have markets,we just have the whims of...

They are not traders they are gamblers -when vanity motivates a person they are lost and will soon be back at their job in Starbucks

I think trading is the reverse of narcissism-the market will kick your butt and make you look silly- a narcissus would not risk that. I've been a narcissistic rock muso and life beat that out of me.

Actually derivatives were around hundreds of years before stocks-based on the delivery of commodities from the New World and other territories, aboard ships which may or may not arrive safely to London and Amsterdam. Stocks are just for the sheeple

I have been saying this for ages

FTSE was on a P/E of 17 but the deniers would not have it-why the heck would you pay 130% for something? Dreamers think they can buy stocks and retire, I'm sorry for them-it is NOT that simple

Are you in the UK? Prices are real on IB, itm options are thinly traded-check open interest

It's obvious to anyone with common sense- if they worked 100% we'd know about it,and clever people tend to fall harder than thick people like me. LTCM anyone?

Unless the public are made aware of the assholes that rip them off at eveyr turn they will continue to be the stream of dumb money. They will continue to be the turkeys who are treated with utter disdain by the banksters-this film and Wolf of Wall street should be compulsory viewing for anyone...

Hi- I didn't have a choice- I'm a sole trader and options are like cabbages -you buy and sell them

Some comedians here- I trade with the pro's-the people who make money out of the dumb sheeple-and I can tell you that equity options are for those who like to give their money away to the pro's. After 16 years of profiable trading I am worn out trying to talk sense to idiots so, good luck...

Never trade equity options- the underlying is too unreliable and easily manipulated-even the indexes get manipulated so just think what they can do with a low volume stock. Forget equities altogether-that's where the dumb money is.

To the OP- the answer is yes I do it every year-wanna know how? It'll cost you $1,000,000 but you will of course make it back in a few years.

Everything works until it doesn't-the way to test a system is to try and break it-you need to eyeball the bad trades and you will see that nothing works most of the time. Try a single Ma- buy when it moves above,and vice versa

See attached -entry is easy, exit is 90% of trading

GARBAGE a 30% drawdown trading spreads? Utter rubbish the typical iron condor would have a drawdown maximum of 5% of your qaccount when managed correctly ie credit of 35 risk a theoretical 65. I've been trading options for 16 years and lost bundles on crap such as a futures'system'- andmy...