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Whatever reading you do should be backtested on Portfolio 123.... Aa for fundamental analysis, at the end of the day,if your personality is to buy bargains into weakness, value is the way to go.If you can handle buying stocks that have made substantial moves up,you should probably focus on...

Columbia

yes,skip a strike,and if I am feeling feisty and directional,I will buy the wing closer to the short strike as opposed to further away

All I remember was Merril and Bear walking into the pit looking to cover deep puts...I think we charged them 75-125 bucks over parity.Maybe even more...Wasnt pretty... Clean parity was just adding insult to injury.....Trust me,nobody was looking at put call parity

Dawn,you realize you are "debating" with guys who were on derivatives desks for years,market makers on and off the floor,hedge funds and now trading their own money.. With all due respect,you are missing out on an opporunity to learn from some very talented guys....

Great question,and I wrestle with the same issue all the time.. I used to look at Delta/Theta,while also valuing the fly structure on my chosen flat vol to see if I had "edge".. Nowadays,I look at Orats D%,common sense and gut feel... Like you,I look at max gain vs max risk. On short dated...

Lol!!!!!!!

Ballooning infinite gamma??? LOL!!!!!!!!!!!!!!! And all along I thought that Delta and Vol hyperspacing between 200 and 300 was the source of pain... No doubt,the markets were verrrrrrry wide,but you try hedging with futures in an enviorment like that.. And FWIW,we did fill the market orders...

Yes indeed..I believe calls went up as Vol orbited the moon

Still curious to what trade was the biggest loser in the 87 crash... Cant see how it wasnt short puts

Dawn,it's pretty clear that you aren't making real money trading. You have a golden opportunity to learn from some very successful traders who are very generous.... Check your ego, forget what you believe to be true and ask intelligent questions....

Anyone know what the average trading life expectancy is for a handicapped noob?? Just curious

Dudes probably stuck on pg 12 of Natenberg...

Sorry about that.Hopefully it was small...Biotech is a tough trade,especially without being plugged in...

Guess what,thanks to your moronic post,Im going to put both you guys on ignore,and the 2 of you noobs can throw a market maker pity party...

The next academic research paper he reads will be his first

If I decipher your barely intelligible post,you are/were a naked option seller who doesnt delta hedge.. yes,when vol blows up in your face and rips your gonads off,its painful... And its 10x more painful if you dont delta hedge,or scramble to cover your gamma. Its clear you havent made money...

The reality is you are getting your ass kicked in option trading>drinking/smoking> posting..

If you dont get compensated enough when you are dead right (battle is in your favor), you either break discipline, and didnt hold the position when it started to accumulate profit,or you didnt quite understand the nuances/greeks of the position that you put on. Are you soley talking about...

dawn,BREATHE...in OUT You are way off on alot of the things you say,and NWD is very good at what he does..... If you are serious about breaking the retail trader curse(which doesnt actually exist),learn to take constructive criticism.. Unless you are a "pussy" unicorn trader like me,a 10...