Buying/Selling Options

Any possibility that you all could ease up on Peter and Scott? I've always felt that it doesn't make me any better if I am critical of another person.

There's so much constructive information we have to share.
 
Let's think about the following quote:

"Turn 2k into a million in a year. All you need is your bought option to double, do it nine times and you're done! I've done it twice myself"
-------------------------------

Actually, I've done it several times myself. But always with a HP Calculator. Never with real money.

What happens if miraculously one can do it 8 times in a row and on the ninth time they once again let it all ride on No. 9, which then looses?

We've all doubled our money on occasion. But to make that kind of return it requires risk. If you keep doubling down sooner than later, you're going to get bit where you sit.
 
Quote from exQQQQseme:

Any possibility that you all could ease up on Peter and Scott? I've always felt that it doesn't make me any better if I am critical of another person.

There's so much constructive information we have to share.
More...

I don't consider the BBY collar BS leading to a constructuve discussion. It may have some comedic value. So he turned 30k into 1.4mm while long BBY, long put, short call? Yes, it has loads of comedic value, perhaps 1.4mm worth.
 
I used to spend a shitload of time over at optionetics, but as I progressed there was a level I hit that wasn't surpassed over there for sure. Over here at ET, though the scope of discussion is far higher than most of what I've seen there. Not to say there isn't stuff of merit being discussed at optionetics, it's just that ET is outperforming.

As for the actual discussion, as someone has said before it looks just like semantics. Optionetics is saying parity can break in certain situations and one can profit from it, and ET is saying to bet on those situations is ridiculous and so unrealistic that parity is a given to hold.

For those that used to post at optionetics and as per experience, I have found the people who really knew their shit have long stopped posting there. Phil is now here, and the others have been MIA from there too long. After these people left, the quality really dropped. Same old stuff being repeated. Only a few are left that think outside the box.

As for the instructors, I would say only a few are capable, and as for Kramer himself, well there was an incident over there a few months ago where he shot down another instructor's post, where after that his posting style changed. Went from being straight up brutal honesty with good substances on options to nonsensical crap most of the time.
 
Quote from exQQQQseme:

Any possibility that you all could ease up on Peter and Scott? I've always felt that it doesn't make me any better if I am critical of another person.

There's so much constructive information we have to share.
More...

Probably not...its been a very boring 4 days of sitting on one's hands (perhaps for some doing other things with one's hands) this is all the entertainment we've had in our sorry little lives :D
 
I figured out why I enjoy participating here so much more than over there. It's the atmosphere. Here, the people don't take themselves so seriously. Here, nobody has a vested financial interest in whether anyone else follows their BS or not. The free spirit here is infectious.

If it were not for the "Chicago Trader" and the "discussion" the other evening I would not even be aware of this forum.

I can hardly wait for my first big argument. lol
 
over the past week I've been in mountains and cities, in theaters and on snow mobiles (hit 80mph one time) and this has been some fun reading in between, thanx! :D

as for mr 4q, if you are looking for an argument just say selling options has positive expectency somewhere.

back to my ginger bread latte'...
 
Quote from RichardRimes:

Probably not...its been a very boring 4 days of sitting on one's hands (perhaps for some doing other things with one's hands) this is all the entertainment we've had in our sorry little lives :D
More...

:eek:
 
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