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It's called synthetic equivalence, a.k.a. put/call parity. https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/SyntheticOption_Webinar.pdf The basic idea is that these things act exactly the same with regard to P&L. There can be some practical differences - e.g., if you bought...

A 50D call that's 8 months out paying 2.70 and a 0.5% dividend? I'm trying to figure out how that makes any sense, when there's a number of bluechips offering much better than that, especially since RING has been circling the drain ever since the 'rona crash. E.g., I was holding a couple of...

A sucker.

I really don't want to spend much more time on this - I don't think there's anything productive to be had here - but your opinions are based on some textbook you read, while mine comes from actually living under these "higher standards". I was born and grew up in Russia in the 1960s and early...

The ultra-obvious point was "at a direct cost, usually horrible, to someone else". A.k.a., robbing Peter to pay Paul. Capitalism does not solve all problems - nothing can - but value-for-value exchange "floats all boats" as a default outcome; it produces value, whereas other economic systems...

By your reasoning, since Idi Amin "increased the standard of living" for himself and his clique, that's an unalloyed good. Ditto every successful thief in history: they "increased the standard of living" for themselves and whoever they chose to spend their loot on, therefore theft is good. I...

Again, his theorizing broke down the moment it met the real world. Value is the point of agreement between a buyer and a seller, not some silly "should" from a textbook; the only way to change that is "artificial interference" - that is, coercion of one side at the expense of the other. E.g...

Correct. If I do sell a call - say, as a defensive strategy against a put that's really tanked - I'm also going to buy a cheap call at the same time. At this point, it's pretty much a spinal reflex. :) Yeah, no portfolio margin. I suppose Reg T gives me enough slack that I could go over...

Naked puts on solid stocks or ETFs are much safer than naked calls; with a put, since it's very unlikely (and in the case of major ETFs, essentially impossible) for the underlying to go to zero, you will at least hold something of value in the worst case - and be able to sell covered calls...

If you actually don't mind assignment, sell a put at the money - that's where the greatest extrinsic value is. E.g., the 22 RKT put 30 days out is going for ~1.65; if it expires OTM, you get $165 against your eventual cost basis on it (at which point you sell another one). If it's ITM, that puts...

With a covered call, your underlying risk is exactly the same - because the chance of that adverse event in which you "LEAST want to be holding that stock" is exactly the same. Whether you're holding it and it drops, or it drops and you get assigned, you're still taking the same loss. By that...

Wrong. Covered calls and naked puts have exactly the same risk profile. If you are short a 100 put for $3 and the stock drops $50, you're going to get assigned for a loss of $47/share. If you are long stock at 100 and short a call for $3, and that stock drops $50, you have lost $47/share. Try...

Is there any reason you're not using a scanner in ToS? You haven't mentioned your scan criteria, but it's pretty good about letting you build whatever filter you want.

Had to go look it up - it's been a while - but it was Scott Maragioglio. Pretty sharp guy, but most of the value that I got from his teaching was an intro to general trading and market perspective.

I think you're missing the fact that I understand TA and its theoretical applications quite well; part of my introduction to trading was a series of classes from a CMT. What I object to is the idiotic hyping of TA as the one-stop, trivially-simple, instant-riches solution to trading - which was...

I'm on board with trading the news via real-time semantic analysis. Medium to longer term... I accept that some folks can make that work, assuming they get reasonable-quality information - just like FA, which still has a fair amount of use. But it's not something I've got much experience with...

I know people who use them. Whether there's an actual benefit (beyond what you get from a rabbit's foot) remains to be proven. I'm perfectly willing to accept evidence that TA works. All I've heard and seen so far is passionate arguments, insults, boasting, obvious lies, snotty remarks about...

Cool beans; that's a day where it happened to work. Try it over, say, a 20-year run, like this: That's MNQ using StochLE and StochSE.

The last thing I need from you is to tell me how to trade. I'm sure that there's some minor detail I could extract from the noise - even a stopped clock is right twice a day - but the fact that you believe in indicators tells me all I need to know about you. You'd have to pay me to listen to...

In that case, you should have no problem proving that via a backtest. Post the results, please? If any of them worked, then everyone would be a successful trader by following a simple cut-and-dried formula: 1) use major indicators, 2) retire in comfort. Perhaps you can explain why 95% of all...