Buying/Selling Options

[wayneL]

Quote from optioncoach:

I am not so sure they are arguing that collars and verticals are NOT synthetic. They seem to be making a point that in practice you handle the collar differently. Kind of like the way you would handle a naked put differently than a covered call (one has less margin initially and one less transaction and such...)

I never was a fan of Optionetics but the guys there were pretty nice when I met them in person (Trader's Expo and such). However on that thread Mav has them ranting like bad ETers LOL.....

THis should be fun..

Which goes with my point that the difference is psychological. However they infer there is more to it than that.

They keep quoting that Peter Achs turned 30k into a million using collars on BBY (or was it BBBY). They infer this is not possible with verticals. Thats stupid. I say why not? (IF indeed Achs actually achieved that)

Totally agree with the "THis should be fun"

Quote from daddy'sboy:

I'm not so sure. They've got some pretty sharp guys.

Lets see more maths and less rhetoric from them then

 

[Wayne Gibbous]

Quote from daddy'sboy:

Man, it's getting nasty at Kramer's optionetics board! Even Alex Mendoza is chipping in and throwing out challenges. They just won't admit that collars are the same as verticals and are now issuing a $5000 challenge. This is a great way to end the year, fireworks and all!
daddy's boy

Pretty funny.

They were assuming, at first, Mav was Dr J.

And they were ready to bow down to his "greatness".

 

[daddy'sboy]

Quote from Wayne Gibbous:

Pretty funny.

They were assuming, at first, Mav was Dr J.

And they were ready to bow down to his "greatness".

I think they were being cheeky.
Btw has anyone seen Mav anywhere - he seems to have disappeared whilst they're taking the mickey out of him!
I'd like to go and help him defend himself against those big nasty bullies/ex MM's, but don't really know what to say . He seems a little outnumbered over there, all by himself. Even steve101 (a relative option newbie) is having a shot at him. It's all getting pretty ugly.
daddy's boy

 

[Prevail]

good point, welcome to ET.

Quote from GammaTheta:

Pretty much true, but there can be a difference due to dividends, buyouts, tender offers and things of that nature. Which would make the possible arb unprofitable.

 

[Maverick74]

I'm going to respond shortly over there. I've been a little busy. I'm going to take them all on. These guys have no idea what they are walking in to.

 

[Maverick74]

Well, I responded. Let's see what the Kool Aid drinkers have to say now.

 

[wayneL]

Quote from Maverick74:

Well, I responded. Let's see what the Kool Aid drinkers have to say now.

Very good post over there Mav.

Let's hope they are sensible and leave the ad hominem attacks for schoolkids.

 

[Wayne Gibbous]

http://www.ripoffreport.com/reports/ripoff172110.htm

 

[GammaTheta]

Prevail:

good point, welcome to ET.

Thanks.

 

[Wayne Gibbous]

Looks like they got:

Even the "$5k Bet" was just predicated on "subtle" differences like exercise and margin...well Duh.

But you see, Joe and Suzy Sixpack would never pay $3,000 to be told about a synthetic. Won't sell on Main street. All they know is about buying stock. Then, "Wow, you mean I can completely protect my stock with options? Sounds complicated..."