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This informs my view of the world.

What is highly improbable?

I have done weeklies consistently since 10/18/10. One of the losses was an unforced error. I failed to properly set up the circuit breaker. Credit Spreads Results View Winners 34 Average win 5.2% Lossers 3 Average loss 21.5% Expected value 3.1% Average...

I'm not following how my strategy relates to what you are discussing. Is it?

Part of what mitigated the pain were the profitable CALL spreads added in Iron Condor formation but also helped neutralize delta.

Just a part of it. I'll try to locate the comprehensive description. If you check my chart showing the periods of back test, paper trading and live trading, you will see that Feb 2009 is within the back test period. Recall, my trading unit is the credit spread not an Iron Condor, assuming...

There are ways of mitigating the risk of volatility jumps like we had at the end of Feb when trading credit spreads. That jump in volatility was painful to me. Yet, Feb was my best month ever. I've been trading credit spreads for real money since Aug 2010.

Credit received, like most other things with respect to options have as strong dependence on days to expiration. I have found that the last week of monthlies is little different than a weekly with respect to vertical spreads.

I wouldn't know about his knowledge. His propensity toward bullying and other displays of obnoxiousness obscures the qualities you may have observed. I expose myself in a journal format for the selfish benefit that it teaches me to think and understand more deeply what I am attempting to do...

Thanks. I had not spotted that one. I probably buy between one and two books a month and get as many from interlibrary loan. I'll read a couple of chapters on line and likely buy it.

Thank you.

That was at a time when your credibility was still under review. Review complete. You are at zero.

You have zero credibility with me as a consequence of the content of your posts and your attitude. Should someone with credibility ask specific questions, I will gladly answer them.

I operate asynchronously with the sun unless I have a meeting or am actively trading. I sleep when tired. I'm "instant on" when I wake. 2-4 sleep session usually total 7-8 hours in a 24-hour period. Besides, sleep is just an annoying interruption to doing fun stuff. :D

I suck at guessing market direction.

Have we found someone less qualified than I to trade options? :D

I think I answered everyone's questions. If I missed any, let me know.

My credit spread trading mentor told me that he did not mind if I traded options naked, but I was forbidden to trade naked options. :D

Most of the criticism is done with class. One of the primary purposes for publishing my journal is quite selfish. It forces me to think deeply about things I may have glossed over during the development of my strategy. It exposes me to market regimes that I have not yet encountered. This has...

We'll see. :)