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You are clueless when it comes to options

He happens to be right..... Not saying its easy,you have to be glued to the screen,but there are exceedingly good opportunities if really know wtf you are doing... TSLA was a great trade last week..Much tougher this week

Completely disagree with OP. Having no problem getting filled mid market,and there is nothing better than wide markets with flow This is the enviorment where you can actually get significant edge

Love Izzy....Hes my guy..Gave me my first big break on Wall Street.. Met him in 1983 at a Karate school and he got me a job at Salomon Bros and later worked for him at JAMIE and Millenium

If it helps,hes short the strangle,which could also be called the Wings of a box trade,assumingg he later buys the "guts" of the box,I.e. 110 call/175 put. Let's see how it unfolds:)

Dam dude,next time buy the Wings.

My trigger finger is getting very itchy..Ill probably panic tomorrow:)

Im gonna be long that pig at 190..in the 220-200 1x3 put spread expiring next Friday ..

You mean its cheaper... By what measures it it cheap??

Where on earth did you come up with "the delta of the straddle is the profit of the straddle" ?? So,for an ATM straddle,with a near zero delta,the profit is zero? Sounds about right:) (

Why do you feel that's the greater fool theory?? Tale a trial of Portfolio123 and backtest it vs classic value,or add a momentum filter to classic value..

In bizzaro world if losing was winning and getting blown out was the ultimate prize,I would overleverage,especially short cheap vol

And how exactly are you making money selling DITM covered calls,otherwise known as puts??

Other than a big gap up,you have identified you biggest risk. My question to you is why do you feel the need to buy 100 shares of stock at 830?? Seems a little aggressive Why not 50? What's the max pain you can take?

IC, if all goes according to plan,hes short the synthetic put with 10 points of upside on the stock and 41.95 in premium from the initial sale of the call..He can make decent money,the question is can he take a 3500 hickey and execute his plan. What makes little sense to me is being short a .35...

You have gotten extremely good advice,but you seem determined to disregard it..which is Ok... Just trade small

Hes hell bent on this strategy..

you need to come up with a better way to hedge...... Im guessing you are bearish on TSLA at 750 Are you a Bull at 830??

As long as you realize you are flipping from short call to short put with no fundamental reason why,take the shot... Im also assuming you know your pain threshold and can stick with your plan despite eating 80 points on ..You coukd be down 3k on a fast move It's the only way you will really...

Why would you buy 100 shares at 830??? You are flipping from a naked short 840 call at 750 to a naked short 840 put at 830??? Without looking at a screen,you are flipping from a short 25 delta to a long 50 delta if the stock runs up to 830.. Makes no sense.. Your breakeven analysis is very...