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It's the beginner's trade

I used to trade on IB as as soon as my bids/offers went in a 20 lot would follow my trades-never really questioned it,as I have no interets or the smarts to care about other activity at the point of trading. I suspect many online platforms are 'perved' as you put it-the market is so completely...

Of course if you're a good disciplined trader you can trade options and for example as Price Headley once suggested when selling strangles if premium trebles on one side,close out and have a rethink. Even a fund manager could cope with this, and yet they fail every year relying on the retail...

It really sickens me that traders snipe at each other-why do we not try to be supportive? I have always tried to help others-the industry relies on an army of clueless dimwits giviong money to fund managers who are hopeless- why? Because naysayers like so many here make trading look so...

All options broker will place recognised strategies for you- I rarely leg in to a spread but might buy some spreads and then buy a few more as price dictates,and if the reasons for taking the trade remain the same

Brighton- couldn't put it better myself- you buy a spread for 10 when strikes are 50 points apart then your odds are 1 in 5. I buy put spreads with odds of 1 to 8 when they get hit I clean up. Fighting the FED and all those liars and money printing scumbags is not fun though

Delta of 0.20 can be taken as a 20% chance of that option being in the money at expiry. Are you sure you have the multiples right? In the US an option is usually based on 100 shares-in the UK it's 1,000-so here an option quoted at a price of 10= £100. A typoical UK stock would trade for about...

Trading in the UK is like living in a morgue- I don't know any other traders who tarde for real and make money-it's just me I think

You can use Delta as a proxy for probability, or use standard deviations-Bollinger bands are quite handy

Well done,and thanks for posting- the market has not felt right for years,due to FED intervention and banksters being given a cash mountain- when it does return to normality there will be a sh**storm like no other,but it's no like anyone will be living on bread and water next time round.Except...

I would say all strategies have periods when they work, and knowing that they have stopped working is a very hard thing to understand. I was helping a friend who had sold a system to a lot of people and it lost for 10 consecutive days- too much for most people and I think it was abandoned-but...

My trading life got weird and in 2010 I was offered some paid work with a charity so heart won over head. 2010 was a terrible year for me and I lot confidence. Since then I've made 10-20% p.a.but only on Index options- I have never done well with shares,and UK stocks are rubbish anyway. Well...

I thought it was me! I look at open interest on UK FTSE options and it is rubbish- No real volatility either-VIX has not ticked above 20 for waaaaay too long now. I think I'm the only trader in the UK now

What a shame hardly any UK options traders these days-so much to be enjoyed and profited from

Vega as we know is the least reliable Greek,and as BS is the least reliable option pricing formula it is pretty much stick a wet finger in the air, or don't trade any kinds of time spreads. I see endless discourse on pricing,but ultimately we can take the trade or walk away,but in a quantum...

don't waste your money on stock options- the index is safest-you'll get killed with stocks,as they can move ±5% in a day and whiplash you so fast you cannot react. Stocks are a pure punt- a gamble.

Strategies are important to understand,as is the language of options. It takes years to get comfortable with options-I've been trading them since '99 and still come across new things- broken wing butterfly for example. there's some great free education- such as 21stcenturyinvestor.com and...

Xmas tree- example buy SPX 1500 put, sell 1480,sell 1460 etc ratio spread buy 1x 1500 sell 2x 1480 put. there are so many different combinations,it's what makes stocks one dimensional with 1 in 3 hope,as opposed to options where you can get a credit and extract even more when the market moves...

I only trade the index-european style,and sell spreads and ratio spreads,Xmas trees too

Good life to you sir as Peter Griffin would say. I have nothing but praise and admiration for any of us retail traders who make money. It can be done-we do it, despite the headwinds of trading against the evil empire of the banksters and their insider trading. I've had to slow donw due to other...