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"I'm curious who trades SPY? Do professionals trade it? Smart money?" I've seen some fairly large option trades on both the SPY and OEX that resulted in millions of dollars in profits. that would lead me to believe professionals do trade it.

So do most of you responding to this thread take a position and just leave it without adjustment as the market changes? I would think most institutional traders protect their naked put positions with short stock positions that still allow them to make money off the premium. Even for a...

"Its not really a retail investors strategy because of what you mentioned... capital" That's it in a nutshell. To make it worth doing and bringing in a good 6 figure income takes millions in the account.

"Sure, it works until it doesn't. There are far better risks to be taken." Well show me one and then I'll show you a system that has consistently brought in $ for 6 years without ever having a short put exercised .

"Hi Chris, I believe the subject is naked puts!" Well to me, whether you hedge the position with long futures, index puts etc... you are still making your $ from collecting the premium on the naked puts you sell. However, I have a trade of selling naked puts that has worked consistently...

There is another strategy based on writing naked puts that I believe can work consistently, whereby you short puts on the strongest stocks in an index and then buy puts on the index . The number of puts you buy is calculated based what % of the index the stocks you shorted make up the index...

If there is one correct answer, for the institutional trader I believe it would be" by collecting the premiums".

"Boy..it's amazing how all the shills come out of the woodwork just to prey on one little unsuspecting soul." Interesting comment, we recommend free posts we've seen that have helped us and we are shills.

http://www.youtube.com/watch?v=eaIt08sQFB0&feature=sdig&et=1245054871.32 This is the most informative series of videos I have seen

Well, I'd go for it and buy a Put, maybe a LEAP, / contract to protect myself against any dramatic drop. If this pattern holds, you should come out ahead over the next 26 weeks. You've done the most difficult part, identifying a repeating pattern. If not, sell both the put and stock and take...

I don't make recommendations, but, there is a whole series of free daily videos on youtube by S&P Trader Robert Hoffman that are very informative and show what trades he took that day and why. He does have a chatroom that allows you to be live with him during the trading day and make the trades...

It's not that I begrudge people their success, a number of my friends are millionaires and many of my clients are. I just believe that professional people should realize that besides themselves, they also represent their professions when they are in the public spotlight. You have gone out of...

"Your mother is stupid and what she did at the dinner table with strangers is not something I care about either. If you would like I can talk about my beemer you asshole. And that too was paid for in cash you jagoff. You seem pretty angry about my success you punk mouthed scumbag. If you...

"Never said all posts on ET are about me, only all of your posts are about me. " Once again Alex, the cartoon ( at least to the best of my knowledge) had nothing to do with you and my reference to it had nothing to do with you. Although I did come across a reference to you in a thread about...

"so, you place ~100 trades each day based on gut feeling alone. no disrespect, but somehow i doubt that" I never understood why traders who trade a system method, ( often unsuccessfully) will doubt someone who trades sucessfully based on their gut feeling. It seems to me most systems are...

"That cartoon and article appeared in registered rep magazine in 1987 the year I left Merrill Lynch. Looks like your sensei didn't teach you much about coming up with new material. What are you jealous of anyway? Someone else's success? To me the above lesson is the lesson that...

The only successfull trader I know trades volatility and abhors TA.

I don’t know much about Wall Street and how it works, but I know that if I was as wrong in my business as it seems many analysts are, I would be out of business. I must admit I have used analyst recommendations to make investments, and it has never worked out. Ex. 2003 - market starts to...

"My historical assignment rate on put writes is under 3%, and I've always made a profit on those via calls/div. -------------------------------------------------------------------------------- "We each have our own preferred trading styles, but for me, I would prefer to be assigned 97%...

Has anyone looked at skirts for this year? An experienced trader friend of mine said of all the TA indicators he has ever read about, the correlation between hemlines and the market seemds the most reliable.