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How does IV change for multi leg spreads?? Equal percentage?

I think Im following you... 100k account,risking 10 percent.. 2 percent risk per trade,assumes a hard stop set in place. Position size is based on 2k risk/some vol measure,i.e 2xATR.. Theoretically,you could have 5 plus positions depending on vol level. you may be leveraged as well That's...

Hey,it was a great call!!

I have no problem with taking the shot,I dont like that he capped his upside..Stock is up 2 bucks(25%)and hes making pennies for 10% protection

I have no idea what he is posting,but I know its 5 pounds of shit stuffed into a 4 pound bag

Knucklehead has me on ignore,but not suprised by your responce.. Guy loves to ask questions/make statements that are way off,and dig his heels in when kindly corrected..

If Hood drops to 7.50 ( somewhat orderly) tomorrow,whats your next move or do you do nothing??

Thats what you shoukd know before placing the trade.You know your mx profit.How much pain are you willing to take, or are you a happy buyer down 10 percent??

Regsrdless,you asked a very good question..Hes selling high vol,and if he is right,makes 23 percent in 4 months.His breakeven on the downside is 7.59...without looking at the screen,if I was bullish, I would probably sell a put to finance a call/call spread

Not true...He has a 10 percent cushion ftom his purchsse price.That means if the stock goes to zero,He drops 90 percent. He capped his upside at 23 percent. So the next question is if he is wrong,does he become an investor or does he have a stop in place.. Im not judging the trade as I havent...

Is the 10 percent protection worth capping your upside at 23 percent?

I get where you are coming from and where you are going.There is no doubt in a down market,covered call/put is the worst performer compared to strangles and straddles..First and formost,its the most bullish strategy,butmkeep in mind it does outperform the underlying..in a down market.. IMHO,the...

Selling naked calls evokes some serious emotions...

You cant figure it out?? I dont think BWS initial response deserved your responce.Im not sure what set you off.. You came out swinging... And I don't get the Taowave Blue Water reference...

HUH??

We also havent heard from him since.....hmmmm

yeah,they are probably too busy to run a title search

Awesome visual :)

He appears to sell close to ATM as he takes in apx 1000(spy).I'm assuming when he stated "options to sell" that are worth 1000,he meant 1 10 dollar option as opposed to 20 50 cent options.. What I didn't love hearing was he is right 60 percent of the time and "up overall"... On a positive note...

Im not sure why hes even bothering with options. He's right 60 percent of the time. We don't know his risk reward metrics,but I don't think I know one great directional trader who sells premium . If he goes the backtesting route I think he will find on a risk adjusted basis,selling premium...