HowardCohodas Index Options Credit Spread Trading Journal

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Quote from optioncoach:

No because I have traded NDX and SPX for years and witness with my own eyes how the market makers widened spreads $2-$4 during the higher vol days and end of the day would simply mark the last b/a, not necessarily what you could trade it. That is a fact that is recognized by many who trade these indexes.
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Your failure predicts mine. Oh well.
 
Quote from HowardCohodas:

Your failure predicts mine. Oh well.
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I did not fail nor did I claim you will certainly fail. My P&L is in my old thread. You need to respect the difficulty of this strategy and not be so quick to teach it before you master it.

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I don't see how you can add any value to the OTM vertical/iron condor debate/discussion and the teaching/selling courses that have emerged on the web since options commissions got cheap and vola slowed after 2002 and gap and crap days in the indexes and people wanted 'easier' ways of making money.

Trading verts/iron condors should be left to people with directional or vola forecasting skills. People that know how to shoot. But that's not what your pitching or whoever will be buying your stuff will have skills for. Probability of touching, minimum credit, rolling down spreads to minimize the damage? That's what you are pitching? There's no edge there, that's bringing a typewriter to the battle.

Anyone can slap on a spread, follow some guidelines and use a 20% stop, but frankly that should always be free because there's no edge in that. So I ask, what are the paid services going to be? Entry recommendations?
 
Quote from Kedwards:

I don't see how you can add any value to the OTM vertical/iron condor debate/discussion and the teaching/selling courses that have emerged on the web since options commissions got cheap and vola slowed after 2002 and gap and crap days in the indexes and people wanted 'easier' ways of making money.

Trading verts/iron condors should be left to people with directional or vola forecasting skills. People that know how to shoot. But that's not what your pitching or whoever will be buying your stuff will have skills for. Probability of touching, minimum credit, rolling down spreads to minimize the damage? That's what you are pitching? There's no edge there, that's bringing a typewriter to the battle.

Anyone can slap on a spread, follow some guidelines and use a 20% stop, but frankly that should always be free because there's no edge in that. So I ask, what are the paid services going to be? Entry recommendations?
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Apparently you have not read very much about my methods, because then you might be able to comment about whether the areas where I differ from what is popularly taught make a meaningful difference.

I wont do your homework for you. Read and if you disagree with any of my innovations, let's discuss it.
 
Quote from HowardCohodas:

Apparently you have not read very much about my methods, because then you might be able to comment about whether the areas where I differ from what is popularly taught make a meaningful difference.

I wont do your homework for you. Read and if you disagree with any of my innovations, let's discuss it.
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It looks as though you have a patent on cognitive dissonance.
 
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