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100 percent positioned is no big deal,it's the 3x to 7x leverage in highly illiquid names that typically does not end well...

Im a big fan of your ability to analyze a balnce sheet and come up with some fair value/margin of safety... Its the leverage of up 7x with no position sizing/risk management to put up 100 percent that is a big red flag... Im not being argumentitive,but you havent answered how your stocks...

"Leverage in my case is an opportunity not a risk" is a very bold statement and will most likely get you blown out...Buffet trades derivatives based off a similar methodology,but hes more than happy to take down the underlying..At 7x leverage,you are staring at blowout risk. If you know goober...

3 to 7x leverage???? What percent of strike are you typically short,and average IV What's your performance vs the underlying stocks ??? Whats the beta/corelation of your your portfolio vs SPY.. Are you exceedingly concentrated in on sector/ industry?? This has trouble written all over it

Im in the June and Sept 70 -150 1x3 and tons of flys around 50... It looks like to be bottoming..

Go with Orats....

Without looking at the spreadsheet and the market cap of what was traded,it appears you are a garbage call seller and would have to really lever up and trade big size to make a decent return..Thanks but no thanks. As NWD pointed out you would have a big cap hit,even under PM,and dont expect the...

Consider yourself fortunate..

Your post is confusing at best.You were short the 415 puts at 7.72,market sells off and you hedge with some naked calls to offset your Delta " a bit"??? You are short .8 Delta puts and the market plunges as expected?? Then the market reverses,and,somehow you buy back all your short calls,and...

Yeah,who is this Mr Edgie..

not really sure why Guru said what he said,but I can tell you that until you "do the work" your half baked theory will implode....

Dam Typo,I meant Yass.(jeff) The guy I am referring to name starts with H..Last I knew,he was crushing it,but it was a while back..

Yaz is a billionaire,as is a couple of his college buddies.. There is another guy who left Susquehanna trading his own capital who was/is well on his way

Or the cheapest call to buy to reduce a cap hit on the upside for one's short options..

This is a pretty simple system with weekly rebalancing based on momo/ relative strength.. Now all you need to do is get off your ass and backtest it :)

Your initial statement was a head scratcher,but IMHO this post is spot on and the reality for 90 percent of the people trading.. I am a perfect example... Was a Managing Director of equity derivatives,since retired,but will commit multiples more capital to real estate than trading. Many of my...

Ok,reread your initial post and have some thoughts,as I was in your shoes when I graduated. If trading is your passion,get ANY job you can at an IB/Hedge with direct ties to trading. If you are good and hungry,you can get very wealthy being in charge of a back office job such as stock loan..If...

Listen to GAT... Assuming you cant get a job on a trading desk,and you cant afford to offer to work for free,get a job in the back or middle office,but make sure it has exposure to a trading desk... Worst case scenario if you are really sharp and hungry,you may not ever make it to the trading...

In most cases,i.e. bill marlkets,the larger the delta,the higher the returns.. I backtested NVDA 30 day rolling options over 10 years,running detas of .30,vs .50 vs .80... Sharpe on the 30 delta was awful,Sharpes on the 50 and 80 were both apx 1...Interestingly,the Sortino on the 80 delta was...

Ignoring if Vol is high or low,,what's your Delta/Theta ratio??