HowardCohodas Index Options Credit Spread Trading Journal

[El OchoCinco]

Quote from HowardCohodas:

I have written extensively on the limitations of back testing and some innovation I have implemented to overcome some of them.

Your quote is accurate but somewhat out of context and out of date.

And so it goes.

YOUR QUOTE was from 1/11/11. Is one month out of date already in your system? Wow, I thought your theories would outlast milk in the fridge.


You cannot overcome backtesting limitations because they do not track intraday movements are the wide b/a spreads in index options during the VIX spikes into the 50s and 60s.

 

[El OchoCinco]

Quote from HowardCohodas:

Hmmm. You don't find charges of lack of ethics by someone who displays unethical behavior a problem. I guess that helps identify your mind set.

You don't know me and you don't know my history so your belief about my future behavior is either based on your behavior (transference) or based on ignorance.

I only know future behavior based on what is written in your website. And my mind set does not change the facts that your claim that ICs do not have a poor R/R is wrong as proven by your own quote that sadly in a month has become old.

 

[HowardCohodas]

Quote from optioncoach:

Oh no.... I posted a pic without permission.... way more serious than a person claiming to be an expert and teaching an option strategy they do not understand.

Theft is theft. Amount does not matter in my mind. Apparently your ethics are situational. I do not possess that flexibility.

 

[HowardCohodas]

Quote from atticus:

You used a hypothetical $10 stock and I used a listed NYSE issue, XRX. The XRX condor position blew-out on a 20% move while long stock requires a drop of 100% to achieve the same horrific outcome.

Do some reading to understand why I would not advocate such a trade. I will not do your work for you.

 

[El OchoCinco]

Quote from HowardCohodas:

Theft is theft. Amount does not matter in my mind. Apparently your ethics are situational. I do not possess that flexibility.

Good it does not matter to you. So you will not charge for any teaching services in the future. That is all we have been trying to get at.

 

[HowardCohodas]

Quote from optioncoach:

YOUR QUOTE was from 1/11/11. Is one month out of date already in your system? Wow, I thought your theories would outlast milk in the fridge.


You cannot overcome backtesting limitations because they do not track intraday movements are the wide b/a spreads in index options during the VIX spikes into the 50s and 60s.

Because you say so makes it so? Not so much.

 

[atticus]

Quote from HowardCohodas:

Do some reading to understand why I would not advocate such a trade. I will not do your work for you.

Your #15 NDX spreads risked 10x your credit, on <15% move in the underlying.

 

[falconview]

Awwww guys! Leave it alone. I'm an amateur and I understand Howard is an amateur too. As far as selling stuff, the internet is FULL of people selling shoddy stuff on credit spreads, or OEX trading systems. Some of them have been around 40 years that I remember. Their methods no better today than they were 40 years ago. ( No names mentioned )

You pick up stuff as you go along. Howard will pick it up.

I tell you as a man who is familiar with gold mines in Bolivia and other places, there is no better sucker than a lawyer, an engineer, a medical doctor who thinks his smarts, will let him play the markets and do well. Very few do and they usually learn a simple trick to it and just keep repeating the one trick over and over again. Only the doctors, lawyers and engineers do not realize the game is not about mathematics, but about phsycoology and playing against the mob, which is forever adapting.
See, I can't even spell right and I'm in the market and must therefore have an advantage over an engineer.

 

[HowardCohodas]

Quote from optioncoach:

Good it does not matter to you. So you will not charge for any teaching services in the future. That is all we have been trying to get at.

Glad to see you swing at a slow ball. If you haven't figured out it was a set up, well ...

 

[El OchoCinco]

Quote from HowardCohodas:

Because you say so makes it so? Not so much.

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.