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Uninformed? Your response is ridiculous. 1) The question was whether most investors buy or sell option premium. It has nothing to do with EDGE. It has nothing to do with anything. It was a simple question and I replied. 2) You made up your own question, and I did not reply to your...

the answer to your question is that most experienced individual investors sell options. Newbies buy options because they don't understand what they are doing. Don't misunderstand. selling premium does not mean selling naked options. By the way, the jokers who believe the number of...

Using options to increase leverage is NOT the best use of options. You see that type of information from people who like to scam others into taking costly lessons etc. Options are designed to reduce risk. Take a look at my blog for many posts on various aspects of options trading...

Thanks. It amazes me how some rate the book, never having seen it. Mark

I note how the classics are always recommended. That's why they are the classics. A book is usually written for a specific audience. Some are written for a general audience. Question (seriously, this is for my information, not meant to be a challenge. Not meant to start an argument)...

I have not looked at the result - because they are immaterial to your question. There are many people who adopt a given strategy. Some will be hugely successful while others go broke. Yes, using the same strategy. Just as some mutual funds do well and others fail with a buy and hold...

YES it is. No one should be trading options without a good understanding of how they work. Mark

It's a death wish Mark

Call customer service and ell them you want to see the quotes. Mark

This mindset is common and it's just wrong. You made a trade. You made the decision to close the trade. Period. If you claim to leave money on the table every time you don't achieve the maximum possible outcome from a trade, you are going to be repeating that same story over and over...

It's difficult to trade options without trading volatility. My strategy is to be vega neutral - unless I have a strong opinion on the future. Mark

It's a very simple formula. Write an Excel program. You may like this one: but it does not calc sigma. http://www.volatilitytrading.net/monte_carlo_option_calculator.htm Mark

Of course I agree with that statement. My point was that collars should not require any adjustments. If the OP is making many adjustments, he would be far better off selling a put spread - which is equivalent to the collar. Then his perspective would be different. I'm guessing that...

I (still) recommend covered call writing for BEGINNERS as a method for quickly understanding how options work and how to trade them. Then I encourage them to move on to more conservative strategies, with limited risk. In my opinion, invesors who already invest in stock are far better...

By 'just killing me' do you mean that you tried to time the market and lost money as a result? Or do you mean that risk was too high and you made a good, risk-reducing adjustment that turned out badly? If you are timing the market, that is not an adjustment. That's just a gamble and has...

Keep counting. My book is NOT for someone who wants to make money by buying options. Mark

I hesitate to respond after my previous misreading of your post. Options don't scare you? They should. A $1 stop is meaningless in the face of a gap opening. Or did I miss the part where you exit the trade every afternoon? Mark

I got is so wrong I even thought it was SPX, not SPY. I apologize to the board. Mark

My mistake. Thank you.

1) You may as well learn the correct terminology The option price is the 'premium' The option premium is your option is all 'time premium.' It has zero ''intrinsic value.' 2) Yes, if the option's settlement price is under 110 when the price is determined on SETTLEMENT Friday, the...