How many options strategies should you realistically master?

[taowave]

Since when is selling puts not directional gambling???

and how big are you going to get??

Define "hedging",and every trade is directional gambling,with the exception of one off Arbs

cash secured puts and covered calls, that is it. time is on your side.

any other trades are just either hedging or directional gambling.

 

[mervyn]

Since when is selling puts not directional gambling???

and how big are you going to get??

Define "hedging",and every trade is directional gambling,with the exception of one off Arbs

when you don’t own existing assets or long stocks, any trades you entered is directional bets. if you are lucky, you make money to build upon.

 

[taowave]

Yes,and directional can mean many things.Every trade,with the exception of one off Arbs are "directional",be it pure Delta,vol,skew etc...

You are in the wrong business if you think success is pure luck...

when you don’t own existing assets or long stocks, any trades you entered is directional bets. if you are lucky, you make money to build upon.

 

[Flynrider]

cash secured puts and covered calls, that is it. time is on your side.

any other trades are just either hedging or directional gambling.

‘Those are both the same strategy (iow non-leveraged long delta with a theta&Vega hedge).