How many options strategies should you realistically master?

[Windlesham1]

1. the OP was not attacked at all
2. There were some very helpful responses to which he replied with nothing.
3. The other two aren’t newbies. They are option masters who spread misinformation in every thread.

why do you trade the ftse? I remember it being crazy illiquid compared to the eurostoxx.

FTSE has sufficient liquidity for me, I like the trading hours and trading in £sterling.

 

[newwurldmn]

FTSE has sufficient liquidity for me, I like the trading hours and trading in £sterling.

makes sense. Perhaps at institutional size it was basically by appointment.

 

[Windlesham1]

makes sense. Perhaps at institutional size it was basically by appointment.

I've only ever been retail -most of my life I made music for a living. I would love to have spent a week in a trading room with some 'pro's' . 23 years of real trades and I'm still here, making the same dumb mistakes.

 

[newwurldmn]

I've only ever been retail -most of my life I made music for a living. I would love to have spent a week in a trading room with some 'pro's' . 23 years of real trades and I'm still here, making the same dumb mistakes.

we are all making the same dumb mistakes.

 

[Bekim]

I have 2 strategies that I trade but I am always looking for new strategies to add.

 

[mervyn]

I have 2 strategies that I trade but I am always looking for new strategies to add.

calls and puts, got you.

 

[newwurldmn]

calls and puts, got you.

buy and sell.

 

[Flynrider]

The only 3 strategies available are delta, theta, and vega. Throw in long vs. short and many basic structures are available.

 

[newwurldmn]

The only 3 strategies available are delta, theta, and vega. Throw in long vs. short and many basic structures are available.

those aren’t strategies.

I personally think odometers are the best cars.

 

[Flynrider]

those aren’t strategies.

I personally think odometers are the best cars.

Those are the main trading/investing profit seeking "strategies" (iow root causes and sources of PnL). Iron condor, strangle, etcc are somewhat meaningful structure descriptions but don't really describe an actual tickers or trading PnL "strategy". Specific greeks e.g. amount of delta and relations between them (e.g. long delta with low vega) better describe a trading PnL "strategy". Using an odometer is a great strategy if your goal is to win a speed race. I think you understand this and its just a pet peeve of mine that "strategy" is often used very incompletely and un-defined.