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the real problem is that LJM, as well as ACE, tried to make up small losses by doubling and tripling down. The root cause is premium sellers becoming complacent and accustomed to winning, losing sight of risk management.

that's when trump is elected.

nice one. :D

could you possibly post the long term chart of this?

so where did you get short?

A humble observation: it takes an impressive imagination to be corrupt. Americans have great ingenuity.

have fun fighting the fed...

you're not the only one perplexed by that post...

since both are basically binomial, prob true for the debit as well.

What specific fly or other structure would you rather have put on instead?

Feb spx low is line in the sand. otherwise next stop is 1273 then 1250. Mutual funds could easily be buying to catch up now and keep the floor in tact.

The only way to manage many accounts fairly and precisely, in deference to accuracy, is with block order capacity.

Nice, lots of talent there for a while. I don't see mark brown and mark johnson and some of the those guys anywhere any more. Some are still on the Omega List. Most people don't realize places like ET and other forums are decendants of TraderClub. Keep the faith.

Sounds like someone from the old school. Did you visit the trader club site back then?

only a first world nation would have the luxury of studying this.

+2

I've been a net seller of premium over the last decade and done just fine. Edge comes from experience, quantifying over/undervalue of iv, using price based entries and exits, outright long back month options etc. The criticisms of high risk/low reward are accurate, but in the end it is largely...

Is the FormerOptionCoach handle available? :D

tough to stay short when the market is on a rampage.

logical, but I still think we rally into Friday.