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No time value??????

I would reccomend https://qullamaggie.com/ Trader who reportedly turned 5k into 80 mil or so....He's very open with his trading and sharing... Far better than reading books by authors who never put up big numbers

How Its definetly a crapshoot if you dont have well thought out plan.. Why did you sell the strangle,i.e stock looks range bound,vol was high What is your risk reward on the trade?? When/where would you take it off if profitable?? Assuming you dont delta hedge,what's your plan if your...

Scat,im honestly not trying to be disrespectful, but your version of disclosing a market strategy of Is like" my universal strategy "of "Sell High Vol,Delta hedge at a lower vol" and capture the difference between implied and realized"...(derivative dudes,it's an example,back off :) And...

That's utterly ridiculous, and fwiw I am pretty sure I have been exposed to more " no lid" traders than you either from the IB world or Hedge fund operators

I think you meant I'm not paying your bills.. Why so sensitive?? You will brag about your supposed net worth,but don't believe in disclosing returns... Carry on

Ok,you have nothing.. And fwiw,in an earlier post, you stated you won the trading championship..In your last post you stated participating...

All I am saying is if you truly believe and advocate one particular method, I would find it immensely "helpful" if one could show some sort of evidence that it actually works, preferably for the last 5 years.... I wouldnt walk into a BJJ school and train with a professor who couldnt tap me out...

@ Mark and Scat......"What" would it prove and "Why" should anyone prove it ,is beyond absurd... Every hedge fund manager in the world had to "prove" their ability was legit before attracting outside money... If you make a bold claim, kindly back it up.... Whats the downside??

No,but if someone unequivocally claims that Price Action is the be all end all, they should be able to back it up.And if they cant/wont,buyer beware...seems reasonable

Define hedged....... And yes,I would most likely agree with "over time",but there have been some spectacular blowups

I may not have been as clear as I could have,but below is the sentence that I found absurd..With a bid offer spread of 5 cents on a 4000 number,unless you have equal 2 sided flow,the trade is far from riskless.. "In theory, this is a riskless trade for the bankers."

I see the author spent less than one nanosecond researching the topic.... Sell cheap explosive gamma,offset with underlying,go to sleep and wake up rich and refreshed..Life is good "Every option trade involves an actual contract. For every contract holder/buyer, there is a corresponding...

Lots of penis envy going on.. Things that make you go Hmmmm...:)

Yup,I was wondering the same thing.. What were the returns the last 4 years,and what was your peak to trough drawdown?? I can't see how this isn't a win win,unless I am missing something..

Reading between the lines,you are long straddles in AMC..Smart man

Seems like the real issue was you were trading a small account..... If you were doing 25% per the last 4 years,you are ahead of 99% of the "Elite" traders on this board...

Lol@ "really low standard of living"....I know you meant it with the best off intentions,but it was pretty funny.. I was wondering the same thing..If he was living off the 150k and had 75k after 7 years,he had to make some money. Hard to imagine a burn rate of less than 25k per..

Its absurd to think you could possibly nail the low..If you got any money for the puts that expired worthless, you did your job..

20 D= 20 day... Cant second guess your timing...If I am reading this correctly,you sold the March puts within a point or so of the low? Calls are trading at .05..Position did its job,cant second guess yourself? Now what?