For those who are into naked call, is 200% stop too tight or about right if the position moves against you? If the option is currently ATM with 2 more days till expiration, should I wait and see before covering on Friday? Thanks!
No, go to school and get that very pricey piece of paper. It's BS but the Wall St firms won't even look at you without a college degree. You want a safety net in case you don't make it as a self employed trader.
Is anyone shorting OIH here? I sold Apr 160 call naked today. It has some resistance at 157. Don't think it will take out 160 by Fri close unless something blows up in Iran.
I got the his 2 books "Options As Strategic Investment" and "McMillan On Options". Is it absolutely necessary to read them cover to cover or should I use them like a dictionary to look up only the strategies than interest me? Thanks!