GOOG Iron Condor

[viruscore1]

The bottom line is; there is always an opposite side to every trade. FYI that is why it is called "trading". Take a stand and place your trade to prove your right rather than a bunch of BS. Otherwise analyze others peoples trades, they may have something there. Read between the lines, there's long thought out strategy hidden in there.

 

[beerntrading]

Your stand is goog will drop 20% in 2 months or less....

Actually, I would be bullish on GOOG if anything. But I'm feeding in greener pastures with my money right now.

Some people are just not worth the energy to argue with. They won't let the facts to confuse them.

There's a much better teacher than you or I waiting a standard deviation or two away from us today. A very strict one though.

 

[viruscore1]

Actually I have been trading for 15 years, in the last 5 years as a full time professional options trader. I already forgot what you still don't know.

I've been doing this for 40+ years and designing large scale systems for 30+ years. You haven't been doing this before internet. The legacy system was upgraded and maintained by less than 12 developers and analyst. It took 300+ developers to redevelop in java in 8+ years, lol.

 

[TrustyJules]

You are aware this trade is 100% successful as long as goog does not swing and close 20% from current price in either direction. And if it has not done that in 2+ years, chances are it won't happen in the next 2 months. Study this trade carefully and market sentiment, you might learn something.

My favorite quote.

 

[beerntrading]

My favorite quote.

 

[viruscore1]

In finance systems, it has to work 100% of the time. Back then regression testing is handled by another department under a difference VP. BTW the java developers said, 60% and we're cutting over to testing. Took them 8 years and they still couldn't get it right. hahaha. We were brought in as consultants to show them how to it right. We fired most of the analyst. They sound like you, all talk no action. lol

 

[truetype]

Lyle likes penny/steamroller trades. That's his choice. You pay your money, you take your chances. No one is going to change his mind. But I don't understand why he feels the need to argumentatively 'defend' his choice. If selling tiny options floats your boat, just go at it.

 

[viruscore1]

Lyle likes penny/steamroller trades. That's his choice. You pay your money, you take your chances. No one is going to change his mind. But I don't understand why he feels the need to argumentatively 'defend' his choice. If selling tiny options floats your boat, just go at it.

FYI i do not pay for my trades, this trade results in a credit. Many don't understand the premium can be used for synthetic long.
You're buy and hold (pray) type, so this trade maybe to small for you big spenders. I'm still waiting for the opposing side to take a stand. If my trade is so bad, trade against me. All i hear is static noise ...

 

[viruscore1]

Actually, I would be bullish on GOOG if anything. But I'm feeding in greener pastures with my money right now.
There's a much better teacher than you or I waiting a standard deviation or two away from us today. A very strict one though.

You must have a little girl's account. The account size do affect trading style. I'm not trying to hit home runs on every trade. Over time a bunch of singles and doubles are fine. And when everything lines up go for it.

 

[ironchef]

You know that each side of a iron condor is closed individually.

Are you sure you want to do that? Once you close one side, your risk is no longer bounded? But what do I know, I only trade directional. Perhaps some other experts can educate me too.