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omcate, nice try, but still some details are missing: 1. Ansbacher`s performance under NFA. If you familiar with this institution you know there is no way to lie. 2. If you read what is Ansbacher index, then you would know that he sells puts and calls, depending on the index readings.

Coach, we have been through this already. Max Ansbacher sells them for over 15 years using simple strategy as CTA with some years trading his own account, and I know some more CTAs doing this (I personally combine them with other positions, but part of position is based on naked options). It...

Great summary, I love it :)

The best strategies are not described in publications, but if you check performance of CTAs selling options you would know why. Start with McMillan and Natenberg, but most of your techniques will have to be developed by yourself. You`re on right track, do not pay attention to all those...

My friend just has sent me link to this: http://www.greencompany.com/HedgeFunds/HedgeFundIncubatorFunds.shtml As I am not currently in HF, hence the question: do you find this offer attractive ?

Mr. Bright, Not anly "anonymous callers" think like this, but most industry professionals do, and I think it is a shame to make such statements in public and discuss basic fundamentals of whole industry. I understand that you are aware of the fact, that CFTC has taken serious issue with...

Cache, theory is one thing, and it is very complex, but I trade non-directional strategies now. I was trading futures for a long time, but since I got into options trading, I have never looked back. I believe that options bring tremendous opportunities, as long as you can take advantage of...

Thank you. I understand that you trade them directionally ?

I hope you don`t mind asking: how long you`ve been in trading biz (no offense, just curious) ?

I cannot talk about the same all the time neither disclose details of strategy we are using, however I traded few small accounts in the past myself using ES for instance, naked options included. No need to prove anything, but talking all the time what I have in my statements is not true is just...

Check www.iasg.com and see his performance. According to this, he manages 180 million now. Check also his returns - about 23/23/10 in 2003/2004/2005. Not brilliant but I would not call it pathetic, as these results are after fess and commissions. This is just an example. Most CTAs use more...

Maverick, good to see you back :) Regarding your example - I think you know AIM managed by Max Ansbacher ? He sells naked puts and calls and has performance record of over 10 years length. Had losing year though (I think 2000), but still in business.

Agree, naked options are different vs. credit spreads, not better. If you know how to combine naked puts (at this point they are not precisely naked) with other options and how to convert them in case of disaster your benefits might be fully comparable to credit spreads, or even better...

Coach, I cannot agree with you, sorry. Your approach to this is too general. I have been trading similar strategy myself and there is no excessive risk taken. Also, we have done deep studies regarding spreads and naked options. Spreads are not necessarily better, it is too general...

Check your PM, see if something works for you.

Which places would you recommend for family ?

Right, there is large British community in Spain, but English is not as popular as in Germany on daily basis, which is one of my major concerns regarding moving to Spain, but for making through winter it should not be such problem. I`ll send you links to PM, as I have some number of them.

This hasn`t changed too much since then :)

Thx, I can see this. On other hand once you have to trade two E-mini contracts for one SPX, spread does not look that bad.

How is SPX options` liquidity these days ? I traded them some time ago but had to switch to Emini due to lack of certain strikes.