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You are down with avoiding ITM options to "avoid paying Intrinsic"?? To buy ATM??? Let's ignore Delta/dollar neutral.. I get buying the OTM tickets with 1 or 2 days left,but I don't get buying ATM over ITM unless vol is,super cheap and you are inclined to be a backspreader (long gamma)

D,we are saying the exact same thing.But Ken doesn't strike me as "press up to the max" guy. If Im not mistaken,he trades with 100 dollar stops,so the defined risk benefit isn't that big a deal. Right strategy for you,but one size does not fit all

Day trading,I agree...but other than leveage,what are you getting,or should I say Ken?? Are you suggesting he trades Delta equivalent to stock and hopefully catches the big move/ long gamma

He can break it down to simpler terms as a terminal bet,or,for an X ATR move,but he will be better off trading the underlying.. Hes not looking for leverage,or be hasn't stated it.Hes a day trader,what's the advantage of an option?? None of it matters??? Surely you jest:)

Expensive relative to what?? He's entering a new dimension where he now has to understand HV,IV, Theta relative to Delta,theta/gamma.... Not sure Ken has a plan formulated

Not a chance, unless you are expecting him to morph into a position trader.. That's a different story...

I would (could)agree with that for overnight risk,but not for his type of trading. My suggestion would be to run simulations on his trading and look at the MAE relative to his stock "stop levels" and see if the premium one pays is worth it.. Are you suggesting he buys options and let's the...

Why should Ken trade options. From what I can tell,he's a day trader,very disciplined with tight stops.. What will options provide over the underlying??

You lost me with this winner... And its not like it's over my head

Ken,go with NWD.. Not sure why you are looking to complicate things. Is it for holding overnight and sleeping at night?? You don't seem like the type of guy to lever up,nor a punter.. There's been some good advice and some very bad advice.. I see zero edge for what you do

Please don't:)

Dude is either.. A) Big swinging Dick trader B) Big swinging Dick trader Minus the "swinging trader".

Yes in the case of newbies,strong NO in the case of good to great traders.

Impressive..You can judge someone's net worth,success from a simple "still here ,paying the bills"??

Two years is when you are just good enough to be dangerous.. There are some really sharp guys on this board who are exceedingly generous sharing their knowledge...you probably know who they are..you will gain more from them than most books If you are halfway decent directionally,you are way...

You just stated precisely why most Momo guys don't touch options...Value plays are a different story... Lmk what you think of "Trading Volatility"..

FWIW,those MoMo players avoid options like the plague

Momentum Masters is a good read as well.Mark is in it

In the words of the Great One, "you miss 100 percent of the shots you never take"...

If you dare to be great,there will be stress....