Anyone selling premium only

Quote from optionbull:

yes, there are people that blow up doing credit spreads, but they are way over leveraged and they are not controlling loss with the width of the spread.

Please post some information that is helpful, your pointing to half a story that old news ? neiderhofer orhowever it is spelled , old news, been going on for long while

First off he sells naked puts, not credit spreads. Get your facts straight before wasting everyone's time.

Secondly, where do you get off telling me what I should or should not post? There is an ongoing conversation here and it's an open forum.

Niederhoffer may be old news, but in the same way we can still learn from Livermore or Seykota, there are lessons to learn there as well.

It helps if you are not too full of yourself though.
 
Quote from justrading:

First off he sells naked puts, not credit spreads. Get your facts straight before wasting everyone's time.

Secondly, where do you get off telling me what I should or should not post? There is an ongoing conversation here and it's an open forum.

Niederhoffer may be old news, but in the same way we can still learn from Livermore or Seykota, there are lessons to learn there as well.

It helps if you are not too full of yourself though.

ok


no not full of self, trying to learn

the people that blew up, yeah everyone ( i think) knows that game. I use this thread t osearch for ideas and research, albeit not much found, most like argue and hear self talk
 
Quote from optionbull:

ok


no not full of self, trying to learn

the people that blew up, yeah everyone ( i think) knows that game. I use this thread t osearch for ideas and research, albeit not much found, most like argue and hear self talk

It's called having a conversation buddy. Sometimes it gets to did/did not, is/is not which is a waste, but apart from that there are still nuggets to pick up everywhere.

Good luck with the learning.
 
Quote from cdcaveman:

putmaster needs to stop stagnating around "percentage otm" determines how likely the options will expire worthless kind of thing.. its like he is discrediting how much there is more to learn about options trading.. move on from the "credit spread argument" and look a little deeper..
While the % otm is one of many useful tools, in determining how likely an option will expire worthless, it is actually a very small part of the reason.
And the longer the contract, the less relevance it has.
However, it is part of the overall package that assists in determining the outcome.
The real determinant is.... "The Overall Package".
Not any particular item individually.

In addition, while I prefer my stocks remain above their strikes, that is not neccessarily my main goal or objective.
My objective is stock and strike selection, that is "recoverable" back to that strike, if the stock should drop below it, because I now own it.
While stock ownership is not my objective, I don't fear the possibility.
WHY?
Because of the "package" I used to select the stock and strike.
It's all about the overall package.
Not any singular item like % otm, of which the overall package is composed of.
 
Quote from dfantome:

Dont listen to him PM. I personally love it when I see a post of yours, because to me its like reading a book and I always gain some type of insight or knowledge from it.

Theres lots of people out here just like me im sure that may not post much, but you've influenced their trading styles and made them money. So thanks for all of us out there, don't listen to this bum. Keep posting.

I am here to remind you to post your NFLX fill from the earnings release. You told us you would post the trade confirm.
 
Quote from atticus:

I am here to remind you to post your NFLX fill from the earnings release. You told us you would post the trade confirm.

I am hoping you're not holding your breath waiting for it. :)
 
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