Buying/Selling Options

[optiontraderman]

Maverick,

You mentioned the Lord book on ratio spreads or broken wing butterflies. This strategy seems to be promoted on Optionetics also. The so called very expensive One Strategy for All Markets.

Since you have read the book what is your opinion on the strategy and more specifically the methodology employed to maximise risk and return for these BWB's, ie using the strike table approach. I know you dont like it but It would be good if you could elaborate why for us traders here....someone is making a killing selling this book for megabucks.

Cheers

Optiontraderman

 

[wayneL]

Quote from daddy'sboy:

WaneL
Unlike you, I'm here to learn.
So kindly tell me the following:
What's a tosspot? What's asf? And how do you know that antiadhominem is all those other handles?
daddy's boy

Hey DB

Looks like most questions are already answered. About the non-sequitur, you are quite wrong, I am here to learn, and have picked up a lot from this discussion.

I find the best knowledge is gleaned when shots are fired in anger, as shown in this thread and the O. thread.

Kudos to those who argued with facts.

Bygones.

 

[anti ad hominem]

Come on now db, Timbo a homosexual? No way, he just isn't very good with the ladies! ROFLMAO

 

[daddy'sboy]

Quote from wayneL:

Hey DB

Looks like most questions are already answered. About the non-sequitur, you are quite wrong, I am here to learn, and have picked up a lot from this discussion.

I find the best knowledge is gleaned when shots are fired in anger, as shown in this thread and the O. thread.

Kudos to those who argued with facts.

Bygones.

Beauty. Let me add a little to your knowledge then. And I'll use some anger since that is when you seem to learn the most.
Here goes:
you're a motherf... c... .
Bygones
daddy's boy

 

[wayneL]

Quote from anti ad hominem:

db, yep he's right & I don't hide it, just like Mav doesn't hide his multiple personalities around the traps. I gave WL the right of reply obviously & on purpose by coming over here & joining in. It was the sporting thing to do after explicitly pointing out his antagonistic ways & knowing that he is a lurker. Otherwise he'd still be sooking in a corner. He has already made it clear that he only likes to play at his home course. Mind you it's probably why his game just seems so one dimensional. ASF is Aussiestockforums - he's comfortable there which is fine.

For whatever it is worth you don't seem like a tosspot actually & after a lot of miles you will find someone who can really help you with the finer details of all this. Hint: you're unlikely to find it on any discussion board - this is all mostly just trivia, fun & games.

Arguing with a brown-tongue is not worth the effort.

Ciao

 

[wayneL]

Quote from daddy'sboy:

Beauty. Let me add a little to your knowledge then. And I'll use some anger since that is when you seem to learn the most.
Here goes:
you're a motherf... c... .
daddy's boy

Right! Pick a subject, ten paces and it's on

By the way... F... you too

 

[daddy'sboy]

Quote from anti ad hominem:

Come on now db, Timbo a homosexual? No way, he just isn't very good with the ladies! ROFLMAO

No, no, no! I didn't say Timbo is gay. I said the poor darling is frightened of gays, lol.
daddy's boy

 

[daddy'sboy]

Quote from wayneL:

Right! Pick a subject, ten paces and it's on

By the way... F... you too

Great! Now that we've got the macho stuff off our chests we can enjoy the rest of this delightful New Year !
daddy's boy

 

[anti ad hominem]

Forget it

 

[tc99m]

Quote from anti ad hominem:


To the person suggesting that no-one at optionetics had ever thought about synthetics before, let alone discussed them - ROFLMAO. You've only got a couple of years of catch up reading to do before you'll know you've never been more wrong in your life. Mav came over & resurrected a thread that had died b/c this topic has been done to death & the expectation over there is that a person with a question on a popular topic should go read the archives thoroughly so that the same questions don't have to be answered over and over and over and over by the people GIVING their time (none of the writers/instructors are paid for the time they give to the boards, just like here).

Until you have the whole picture of what has gone & is going on - not just this snap shot - don't cast aspersions about people. Read the background and then join in, otherwise all you are guilty of is chinese whispers like ET buddy WayneL. [/B]

if you are referring to my comment, I have never suggested that synthetics were not suggested in optionetics. you are either intentionally twist other's comment or lack of comprehension.

the following is the first post I saw at that moment:
"Posts: 3853
Registered: Sep 2001 12/31/06 1:45 PM
Alex, thank you for the quick response. Now, the task for me and the rest of us students is to analyze and comprehend the synthetic relationship. With this acknowledgment of the similarity comes the challenge of figuring out how to effectively do Bull Call Spreads and then roll and ratchet as he underlying moves. My first blush impression is that this certainly would entail a significantly lower working capital investment than the purchase of a regular collar.
One thing for sure...I need to go slow. If I and others are able to get a solid handle on this concept, it will mean that all of the bitter banter with Chicago Trader will have resulted in a net positive for us. Sorry this train got derailed, but looking back, it was a runaway freight train from the beginning."

Considering the guy has spent five years there and has wrote more than 3000 posts, it's reasonable to question the effectiveness of those expensive education, isn't it?