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I don't know the details of the study but it compared selling puts to holding a long position in an index? I'm not sure that's a comparison that justifies the use of options. Sitting long in an index is one of the riskiest trades you can take.

I stand by every word I have said about the dangers of options. People can mock me if they want. Let me know when you publish your audited returns.

The first Hedge Funds Market Wizards book 'Market Wizards' spoke of these things two decades before Covel jumped on the bandwagon. You shouldn't get so personal with people who don't agree with you. Emotions have no place in trading.

Ah, yes, the "only 30%" comment. I knew that was coming. That is a relatively safe 30% with TEMPORARY draw downs. These men are entrusted with BILLIONS of dollars because they can "only" average 20%+ in client accounts.

The thread was posted on the main page. I saw a person with a legitimate concern and I offered my opinion based on many years of options trading.

Condescending? That's the pot calling the kettle black my friend. Many of the most successful trend followers in the world use very low frequency trading. The fact that you do not know this is telling. This type of trading was around long before guys like Covel jumped on the bandwagon. I don't...

There is plenty of room for a little guy to make money trend following. Your information is flawed.

My argument is perfectly sound. You shouldn't prance around the net calling people names. You need to rethink your life. You're not helping anyone.

Fully automated trend following is one example.

The rewards of trading options do not outweigh the considerable risks. There are easier and safer ways to make money trading.

You are very wrong my friend. I am the voice of wisdom.

I don't agree. I think that is a fantasy. Those 'opportunities' blind people to the risks.

IMO ...... Options are less risky than Futures/Forex, but more risky than stocks. I don't agree. Some of the top hedge fund managers in the world frequently trade 120% of their accounts in futures, but would never dare to do such a thing with options. That tells you something. Can you lay on...

Great traders trade. That's what they do. Market Makers are not traders. The guys at Tastytrade were market makers for decades and they can't trade their way out of a wet paper bag. Instead, they have resorted to collecting fees from actual traders via their Dough platform. Steering people...

Why are you working in 'Business Development' if you are such a great options trader? Shouldn't you be retired and working from home? See. I can ask questions too.

I notice you didn't bother to 'correct' me when I said you have blown out your account to absolute zero gambling with options. Which means you obviously have. 'Positive expectancy' is a silly term options traders use to convince themselves they are not gambling.

Say whatever makes you feel better about your gambling addiction.

Options can crush you in a way that stocks rarely do. You can be left with a ZERO account balance in just a few weeks or even days. It happens all the time to options traders. A lot more has to go wrong for that to happen to an equity or futures trader.

No. What I said is the only way to trade options safely is to severely limit the number of contacts you gamble with. But... the reality is nobody does this. It's only a matter of time before an options trader gambles with too many contracts at the wrong time.

Let's hope you don't blow out your account. My guess is that you have and that you will again.