Ankle Biter's option writing journal

Walther, care to explain your reasoning?

How it is a losing proposition? Why do you need a $200k account? Why are credit spreads more suitable?

I have no interest in attempting to predict price movement or volatility. Neither are possible on a consistent basis in my opinion.
 
Quote from Ankle Biter:

Walther, care to explain your reasoning?

1/How it is a losing proposition? Why do you need a $200k account? Why are credit spreads more suitable?

2/I have no interest in attempting to predict price movement or volatility. Neither are possible on a consistent basis in my opinion.
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No problem,

1/ Try to put on complex strategy and adjust it , write additional legs etc.. You will need a lot of money in your account otherwise you will be trading not what is the best but only what you have enough margin for it.

2/ If you really mean it, you better quit trading right now.
 
This looks to have a bearish bias at first glance--Are you banking on selling the 113 put for intrinsic value at expiry and thus the market doesn't need to move?
 
Walther, I'll take that under advisement.

Thanks, NoMoney

This looks to have a bearish bias at first glance--Are you banking on selling the 113 put for intrinsic value at expiry and thus the market doesn't need to move?
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Sorry I should have been clarified: I bought the 113 put back to close at a loss.

Current Positions:
Short 1 USH6 116 Call
Short 1 USH6 115 Call

Short 1 USH6 112 Put
 
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