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If you are arguing/comparing shorting 8 APPL Sept 665 puts vs 70 Sept 660/640 put spreads,I think delta is very much the point. Again,I ask you and PM would you rather be short 1 naked 665 put in AAPL or 2.5 660/640 Put spreads?

PM,of course one could do that...If you are a blithering idiot.. The question I pose to you and Atticus is would you rather be short 1 naked APPL 9 665 put or 2.5 AAPL 9 660-640 put spreads. While one could max out the margin and be short 9 put spreads vs 1 naked put,the deltas arent...

Whose talking out of their ass now??..You are suggesting trading the Sept 665 putvs the Sept 660/640 Put spread on an apx 9-1 ratio?What kind of "jack ass tango" is that?? Sept 665 put has a .40 delta 660/640 puts spread has .15 delta.. 2.5 to 1 ratio starts a real conversation.Anything...

Putmaster,where did you come up with these observations?? I really dont have an axe to grind either way,but your arguments represent knuckleheads not spread traders.. Put spreads are less risky than naked puts.Options 101. Nothing to do with margin requirements.Again,you are talking...

Atticus,if I undertand correctly,you are in favor of selling one month ATM options on singles and conversely buying ATM singles as well? FYI,I respect your opinion and find that "interesting". I tend to look at my delta decay relationship a bit more By and large,my trading(systems and...

Whether a stock is trading at its all time high or trend follower is 100% irrelavant in deciding to use put spreads or naked puts unless you can back up what you say with the distribution of returns for those scenarios that you choose. I think you are heading in the direction of mean...

p.s. i meant to say delta equivalant,not neutral

Putmaster,I disagree with much of what you believe to be true. In the sense of pure RISK,a put spread is LESS risky than a naked put.There should be no argument there. You introduce selling put spreads(plural) to bring in the same amount of money as a naked put,yet you do it with no regard...

Atticus,would you offer a bit more on why you favor ATM options. I get the 30 day and fully understand the gear up in OTM concerns,but why not trade ITM? Shouldnt it be based on the distribution of returns(and holding period) for your given strategy? Thanks, T P.S. After...

How is employing "time stops" a trading secret?? Tao

Its a different trade,I dont see how you could not view it as such.. Take an extreme example.. You are short the 85% spots naked... Stock trades down 15%,and you decide to delta hedge.. Still negative vega,positive theta... Same trade,if you hedged out most of the delta,or are you...

well said.... greeks are simply a quantification of your view

Don,thats a most unusual approach.. Short the OTM 35 put,watch it go in the money and then sell some "more" of the OTM 30's????? Forget the fact that the 86% spot put will be trading for goober,why would you sell more OTM premium on the same side?? Am I missing something???

I just purchased QS,and am also an Amibroker user.A bit early to tell,but I am impreseed with QS

Are you working for a top tier brokerage house? Do they have a trading operation? Even if you dont,you may be on the right path.. Read up a bit on William Oneil,Dubin and Swieca and a host of others who have come from your side of the business.. T

Short it ,Big Shot:)

You are going about this all wrong.Pardon me if someone else has brought this up,But do you have a method/system for trading the underlying? Do you have a distribution of those returns? Unless you are a very experienced option trader,you dont stand a chance with your current method...

If you believe Aapl can acheive 20%+ FCF or earnings growthy over the next 10 years,its a very cheap stock

Lol....I am not going there..

Iron condors can be looked at as a bunch of butterflys on top of one another. Just understand verticals,and everything else will fall into place.. Just for shits and giggles take 3 butterflys and net the strikes out. 1st butterfly 35,40,45 call fly 2nd butterfly 40,45,50 call fly 3rd...