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Dam bro,you got all the lingo down...

Is the OP some reincarnation of some old Piker?? Im on ignore,but have never responded to the OP... Then again,judging by the content,I'm better off

Verts stacked are basically butterflys.. Nothing exotic there.. You are in over your head on exotics

Hundreds of dollars?? Sign me up.. I do agree with you on short term trading

Haters gonna hate,you be you..

Are you allowed to trade against yourself??

Yeah,thats bad even by Elite Trader standards

Lol,Love Des,but that lingo is Des 101 ..... Ive traded derivatives at major IB's and a monster hedge fund,and no one spins my head faster than Des...

Heres the thing...By and large,to "keep it simple" you need to understand the complex topics.. You will argue it,but in 5 years you will thank me..

You are splitting hairs.. Run a a 20 year backtest with minimal to no vol filters and assume worst case scenario. Start there..

This is the second post where you mention passive and big/huge income in the same sentence. For some odd reason you leave out "blowup".. Selling options + huge returns + passive investing = huge blowouts

Your batting .500 at best.. Not a bad win rate :)

Many of you should ask yourselves why are you selling an option or a spread,and why on over the other... I haven't heard one person mention gamma, delta, theta,nor anyone mention how many spreads one would have to sell for an equivalent theta position as a naked option.. There's no free...

And what exactly does a "higher chance of success yield"? Are you talking strictly win rate? As a trader,your job isnt,or shouldnt be to maximise the "likelyhood" of success. No,programs like Orats wont confirm your "belief" Are you saying that shorting straddles is an inferior strategy to...

Even Taowave?? I appreciate the praise,but I have been very fortunate my wopper losses were done working at banks,and not on my dime.. Everyone loses,the question is how big

And here I was thinking there was hope for you.......

Not disagreeing,but Are you comparing equal delta positions??

If you really think selling option spreads is far superior to selling naked options, then you may have discovered a new "arb",much like a B-fly,but not a B-fly :) And for all you newbies out there,do yourself a favor and stop listening to various scammers and get a program like Orats and...

No such beast

Author is stating the obvious..In a rip roaring bull market,selling calls against your portfolio will underperform the index.