Buying/Selling Options

Quote from daddy'sboy:

(even I was sucked into a heated exchange with one fellow with the handle wayneL
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Heated? Lol. That just how we say G'day where I'm from.

It was all just lighthearted stuff DB :D
 
And I thought G'day was a synthetic alternative to 4Q.

Speaking of 4Q, I have a cheap deep OTM Put Butterfly open on 4Q. I'd love to see it somehow head south of 40 by March expiration. That trade is the lottery ticket Christmas present I bought for myself.
 
Hey optioncoach, didn't I see a picture of you with a group of option traders around a table including Charles Cottle. When did you start bussing tables???:p

Really though, collaborating on a book or software or something?
 
Quote from wayneL:

Heated? Lol. That just how we say G'day where I'm from.

It was all just lighthearted stuff DB :D
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Lol, I know. We're from the same turf :)
daddy's boy
 
LOL... that was an option all-day get together sponsored by Chartbender.com. They brought in a few of us to discuss options and put together information on what the average retail trader should know about options. They have a free manual on their site. They just wanted different perspectives to help develop their charting and scanning software.

A full day with Charles and those other guys (one was from Xpresstrade.com, one a former floor-trader now writer with Street.com and the head guy at Chartbender) was the best education and most fun I had discussing options for 24 hours lol.

I also made good money in tips cleaning the table.




Quote from 8_Ball:

Hey optioncoach, didn't I see a picture of you with a group of option traders around a table including Charles Cottle. When did you start bussing tables???:p

Really though, collaborating on a book or software or something?
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Quote from Maverick74:

Are these buffoons still debating synthetics 101 over on the optionetics boards? :D
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It's become an exercise in futility. The "guru" refuses to acknowledge that verticals can be adjusted.

Quote from scottKRAMER:

Management of the position is not static like a vertical spread where one places the trade and at the end of expiration it is win, lose or draw.
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This of course is now accepted as gospel.

Un-xxxxing-believable
 
Quote from wayneL:

It's become an exercise in futility. The "guru" refuses to acknowledge that verticals can be adjusted.



This of course is now accepted as gospel.

Un-xxxxing-believable
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To me the post by Kramer had all the marks of a carefully prepared 'casual' dismissal of the issue, to wriggle out from under the false premises. I think this duscussion has cost them more than they expected.
Good to see that you still can't fool all ppl all of the time.

Ursa..
 
The jan issue of SFO has an article on collar. In the article "Loosen your collar", the author stated that put spread was equivalent to collar, and implied his modified collar (vertical spread) is better than the traditional collar.
 
I think if/when the risk-based margin goes into effect the verticals are going to gain a big advantage. All that margin interest building up is going to make it very difficult to make money on all but the most volatile stocks.
It's going to be like swimming against a riptide.
 
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