I don´t know where the misconception was, or is? But I regard Atticus as a friend. We have talked off thread about a year ago. I admire what he can do greatly. I can´t do it and frankly don´t want to do it that way. I think the point I was trying to make, was there are all kinds of ways of...
Why within a year, he will be able to move to Belize and follow the sun, with all that money. What kind of yacht do you want Ryan?
Depending on how much baggage you had, could probably find room for one guy.
Okay! Thanks Ryan. You are trading as close to ATM as possible. I´m setting up another experiment today.
My straddles on the following, day after earnings, right now, are;
CBS lost -$70 including commissions
XEC straddle earned a net after commissions of +$935
CTL straddle lost...
I have to laugh, when Atticus tell Ryan he is going to blow out. Atticus is a successful scientific trader. Lots of esoteric traditional studies, and plays successfully a time consuming trading game.
Still in looking at my own account so far, from Jan 1st in 6 weeks, my account is up 6%...
I did my study, but everything is still inside an upside channel. I don´t see a correction, until it actually happens. I´m betting to the upside.
Ryan, when you bet, are you betting OTM, or ITM, and at what strikes? Just a curiosity of mine.
Jeff
In response to your earlier enquiry. I traded March, as it didn´t make any sense to me to trade the final expiration week. But the trades were paper trades only, and EARNINGS REPORTS, that might not be out yet, as I´ve never traded stock options before. I¨m just going by Ryan´s...
Well explained Jeff. Mind you I dont get it in the same mental format as your explanation. But nevertheless, I do correlate to what I call premium ballooning. Cause and effect. Just my mental quirk.
Got 4 straddles in play on earnings via paper trading to see what happens? CBS, XEC...
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Ryan, in my view is not overtrading. He is practicing diversification of bets. Hoping, one or two will be home runs, and the others will either not lose much, or breakeven. But the idea is that a good winner, wipes out all losses and the averages are positive overall...
Hmmmnn! I´´ll bite. What was your conclusion? Does it pay?
Do you do it now?
I thought way OTM while cheap, barely moved? Give an amateur your conclusions.
Which reminds me. Sheesh I forgot again!
Oh yeah! I did a study last fall, trying option premiums from 2 strikes OTM up to $10 options in the money. It might interest you to find out, that the best premium ballooning for volatility was found between the $3 and $5 option premiums I dont...
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I was reading the other day, your August trading with way OTM options. How did that come out? The thread petered out and didn´t answerwhat happened?
On the VIX it was 20 yesterday, but when I went to calculate premium moves on the option calculator the VIX was actually 17. This number in the QQQ denotes a scalping minimal trade.
On your method. Found the earnings reports and been looking at them. You have me interested in trading...
Well I´ve been looking up company earnings reports, but it is sort of the same day on BLOOMBERG. Haven´t found a calendar yet, that gives warnings of them coming.
Think for the fun of it, I will track your company pick trades with my technical indicator and since my guesses were BOTH...
Well both my paper trades failed and lost a dollar. First off I was shocked I could not buy April options and had to buy March, which means quicker action and it sure was quick. Lost almost $2 on each.
Something like that, not accurate but the fast volatility move in the premium came as a...