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I got the impression he was selling the 120% percent calls,stock rips 20 percent and he then decides to buy the full notional(short put) as opposed to delta hedging and being short the synthetic straddle.Either way,its a stroke of genius

Oh,now i get it..stock rips,your going to be synthetically short puts for goober after a massive run up..Back up the trucks,what could possibly go wrong??

Most newb option sellers tend to sell 5 10 delta puts as opposed to 1 50 delta put.. And thats where they get in trouble

Never say never,and dont confuse "naked" with imprudent size,i.e leverage.. If vol is jacked,and you truly want to own the stock,why not be short a put/s that meets your hurdle rate at a size that you would take down??

What books have you read,and what makes you think you can get "consistent gains daily" trading options,if you can't do it on the underlying?? Or was that a typo and you meant consistent gains DAY trading options?? What's your current system/methodology??? Do you favor long gamma or short...

Do you not look at charts,and if so,have you notified the Price Action Police??

LOL!!!!!!!!!!!!!!!!!

You got me..I think Lynch did 30% per for apx 10 years?? At the end of the day,the Diversified crowd is typically more value oriented,and buy weakness and more on the way down..

Whats the rush :) And how do you day trade and work a job at the same time?

Wrong...Learn the power of compounding.. For 99% of the Elite Traders on this site,they would be far better off getting a job they like and socking away 50-100k in the market every year...

Unless you are Peter Lynch :)

Guity as charged :)

Baron,I have no dog in this fight,but we have almost 50 pages of pure entertainment and a very strong case of why "Journals" need to have the trolls weeded out..

LOL!!!!!!!!!!!! That was as amusing as banging your "good family member mentor".. That is what you meant by "have"???? Or are saying Des could dumb it down for the trolls...... But you already have your 2 infallable strategies,do you really need 3??

No need to reread anything you write..Zero value,100 percent troll... Remind us again why you are in a vol thread???

I have to admit,you are one of the very few trolls who I find amusing

Saved by the Bell last seen frantically calling his "good family member mentor"

You think you know what you dont know,and thats the issue.. And you may fall under the unteachable camp,which is why you are going at it alone.. But here you are in a Vol thread.Go figure

Yup,but I didnt want to go there..... One of my favorites was picking up the phone,having the other side tell me they wanted to buy as many options as I could stomach selling...and to "over hedge"..

Here is what I know from working at several Investment banks,starting in the order room and finding my way to Head trader of Equity derivatives at 2 major IB's...Along the way,I traded on the exchanges and had guys work for me. Even with bid ask edge and 2 sided flow,its no simple task to make...