Search results

when you do that you're essentially trend trading though, calling the bottom when you write the put spread and the top when you write the call spread. you'd also take in less on the call side assuming vol comes in as price comes up to where you want to write the spread. if you're that good at...

overwriting = 1:1 (1 listed call : 100 shares) call writing. what you're talking about is called a ratio write.

it took you an entire day to clean/lube a bike and cook? christ in heaven how are you not a billionaire yet? rock solid proof of entrepreneurship and work ethic right there not a great way to start your pitch if you're looking for someone to join your team of one, they're hiring you as much...

retail investors and bigger orders that get split and partially filled in 1's and 2's.

and now they're $10 itm and trading for 11.60x12.00 at nearly 1 delta. what part of this is proof of a great entry?

he didn't post empty advice, if you dedicated some time to learning how to read instead of wondering aloud "why are the spreads on this stock blown out the day of a huge security scandal" you'd be miles ahead of the curve here. "You begin with an event on a not-so-liquid product, then focus on...

you got a 60k margin call doing the exact same thing yesterday, yeah?

this is a good observation and is discussed at length in "Options as a Strategic Investment" by McMillan

I was in your shoes not too long ago, and I'd like to offer some advice you probably haven't gotten yet. Instead of committing personal capital (money, time, focus) to trading, focus on getting your financial situation straight first. Shift whatever time you're putting towards options to working...

there was a thread a couple weeks ago that went into great detail on why a couple guys here trade 231 flies with great success. I'll see if I can find it.

I unfortunately trade a lot of 4-leggers. $1.25/leg at TDA, no ticket.

lol bye you've gotten some really good, insightful advice in this thread and completely ignored it just to turn it into your own personal pity party. it's a shame it was all wasted on a neurotic MS1 who refuses to believe they can ever be wrong and, incredibly, equates themselves to Buffett...

the difference between moonlighting as a PA and trading options to fund MS2/3/4 is that 1) working as a provider has "guaranteed" income; that is, you know exactly how much you will make per x number of hours worked, vice options which are not guaranteed and can lose more than your deposit...

Discarding Hull (without even reading it I might add) as impractical is a bit like saying learning the electrophysiology of the heart is impractical to diagnosing a STEMI. Yeah, there's a ton of derivation and "nice to know" but not immediately tradeable info in Hull's book, but it adds depth...

you've been bamboozled my friend

https://www.cboe.com/products/contract-specs-and-trading-hours/extended-trading-hours SPX options open at 3am EST

a garbage statement that does a garbage job of answering the question, which was i'd suggest doing a bit of reading into put-call parity, which explains the relationship between the price of puts and calls of the same strike/series. while only strictly true for european options, i think it's a...

thanks to both for the info, great stuff

Can you expand on this, specifically the timing piece? I'm familiar with kurtosis as it relates to distributions but I've never considered it was possible to trade. Is the fly then a bet that the kurtosis is understated and increases toward expiration?

I'm convinced you're running a parody account at this point.