Your numbers are a pipe dream. Selling low premium iron condors will never achieve those numbers.
If u want to anyone to beleeve otherwise, start a chain in the JOURNALS forum and demonstrate it with real time trades or at least EOD.
Acenn,
I think you could be a good salesman. As for trading, my inclination is that if I were to assess you based on what I have read is that I would be surprised if you are above the average.
I think your educational background seems to come from an area where talking and arguing is the...
A survival list is a waste of time. Your ass will be grass and the mobs will mow it.
Seeds? Ammo? Water tabs, etc? All will run out. Well, the seeds won't but good luck defending your crops 24/7. All the ammo in the world won't save you from the mob with rocket launchers or worse...
Another fantasy filled steaming load of gibbershit from a self proclaimed ET expert. Your valuation of the calendar is way off and at 550, you will have serious losses. Anyone stupid enough to take your advice deserves the consequences!
It might be more accurate if you used the same imputs (premiums and same net credit) as the OP. Otherwise, youre going to have different charts and stats.
Thanks Don. That makes sense. I wasn't factoring in the negative interest rate for borrowing shares. I was using a positiove rate but obviously, I had it backwards.
OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February.
Think of it s 2 separate positions. Your futures position was coupled with a short 740c call so above 740 it was a locked in position.
What you ended up doing was rolling your long put up for debits. Whatever profit you had in the CC (plus add'l capital) was spent on your bearish put...
I'm confused. If the rate is high on a hard to borrow stock, the calls are going to be higher priced than normal. Why would you want to replace long stock with a long call and a short put? Any reversion toward normal pricing would hurt you.
It would seem to me that the carry cost would go...
what a moronic way to waste peoples time, thinking of ways to spend money on commissions and B/A spread in order to colect a dividend. The dividend is yours and will be put in your account on the pay date.
Can someone explain to me what the complaint is? Stocks can drop on bad earnings. They can rally during the day. Option premiums shrink after earnings release. How is any of this a rip off, Seems to me it's just a bad trade. How is this illegal pinning? Am I missing something?