Perhaps a correction below!?
" If any hedged option-selling trade ends up closing at, say, 0.70delta at expiration, there could be potentially an extra profit of 0.30delta for the trade. "
That means a greater expected returns p.a.!
Congrats!
In playing such an extremely competitive sport called financial trading, I myself would call it just a hobby when losing big, whereas call it seriously a profession when winning big.
" After a certain high level of technical skill is achieved, science and art tend to coalesce in esthetics, plasticity, and form. The greatest scientists are always artists as well. --- Albert Einstein"
Good analogue for trading is a business as an artist business, imo! Perhaps not too many people would think this way.
1. There is no good will, at all. A trading business cannot sell the business with any multiple of historical profits as good will asset/valuation.
Probably only artist and...
Just $1,000:
http://www.elitetrader.com/et/index.php?threads/from-1k-to-500k-deadline-2017.298656/
http://www.elitetrader.com/et/index.php?threads/turning-1k-into-12-trillion-by-2010.192336/
Instead of posting here!
Logically someone who truly has (self)confidence, any or strongly, in this system should, as suggested below, simply borrow all $4,770 (=1,000+3,770) to trade this amazing system and made good money, silently!
If not, why???
He could be also one of the smartest one day, considering his smart/stealth approach of presenting/asking/exchanging various questions by pretending what he knows/offers in order to learn from others through the kind/volume of stimulation/feedback generated!
Hedge Fund Market Wizards - How Winning Traders Win, by Jack Schwager: " To do my vacuum cleaner, I built 5,127 prototypes. This means I had 5,126 failures. But as I went through these failures, I made discoveries. - James Dyson"