Trading is about making money; life is about being the best you can be in whatever you are doing.
Sometimes there is correlation; and sometimes not ...
Yes they did.
However I was referring to say you have half your capital in short calls, the other half in short puts.
And, that is only a very simplistic example, don't try it, it won't work ...
I think the key is trading this over a portfolio of hundreds of positions to minimize "event risk". Although I don't agree it is, or could be "risk free"; I think the risk is acceptable if done right.
I don't doubt someone could make 200-300% at all ...
I think he fails to realize that there are 100 plus people on this board with my phone numbers; where we either exchange ideas or I try to help out.
I may not type a lot; but I will talk on the phone forever ...