HowardCohodas Index Options Credit Spread Trading Journal

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Quote from tds551:

So many people with so much to say and prove. If you expect people to come in here with bullet proof strategies, this place would not exist. Because there is no such thing. If you expect people to come to the internet and take financial advice from strangers, him or you, everyone would be bankrupt.

This forum is marked "journal", that should be self explanatory. If he is trying to peddle his program somewhere, who cares? And if you are some sort of moonlighting sec under cover, start with the yellow pages if your out to protect the public.

Im done here...except for the 1.75 question. Id sell the call spread for 23.50 back in the day and bank a quarter. And id do that 10 at a time with a 30 min break for Burrito Buggy or Henry's depending on where i was.

Good Day everyone.
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zillions of options.

And you answer is non seq. Trading the box is not an answer. BB's spicy pork. I miss that.
 
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Atticus v. Cohodas
 
lol Mike.


We just had a "hit and run" on this site by the felon Joshua Fry (optionsmaven), yet another credit spread/deep condor guru. Anyone who trades this garbage needs to ask themselves why the strategy lends itself to hucksters, fraudsters and felons. Why is it so pervasive on radio and the financial classifieds? I leave it to you to ponder, as the question is rhetorical.
 
Quote from atticus:

zillions of options.

And you answer is non seq. Trading the box is not an answer. BB's spicy pork. I miss that.
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Reuben at The Berghoff, washed down with a beer or two, on the way home after Bonds close. Good times!.:cool:
 
Quote from eudaemon:

Reuben at The Berghoff, washed down with a beer or two, on the way home after Bonds close. Good times!.:cool:
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Halibut sandwich washed down with the dark beer, Howie where is the update?
 
I must admit that zillions is a lot. I assume there are a few people here that have traded a lot more than me and I was doing 100k contracts a month for some time, so I guess my opinion doesn’t count since I have not traded enough over the last 21 years. Having worked on two floors I can say that most all pro options traders are egotistical jerks at heart and give everyone a hard time for fun, so you can’t take all the comments so personally.

The problem with Howard, apart from all the facts that every respected option pro on this board have already pointed out, is that he did not come here to learn, grow, or correct mistakes. He came here saying that a completely flawed and incomplete back test combined with his handful of months of real trading qualified him to teach others. If he was properly diversified and looked to make a more reasonable return (10% a month is an impossibility in the long run no matter what you do) then he would at least have a theoretical chance at long run sustainability even if he never admitted that there may be better risk/reward option plays available to him.

His current unknown drawdown is irrelevant, the question is what happens when (not if) we eventually have a 10% move and real jump in iv.
 
Quote from opt789:
I must admit that zillions is a lot. I assume there are a few people here that have traded a lot more than me and I was doing 100k contracts a month for some time, so I guess my opinion doesn’t count since I have not traded enough over the last 21 years. Having worked on two floors I can say that most all pro options traders are egotistical jerks at heart and give everyone a hard time for fun, so you can’t take all the comments so personally.

The problem with Howard, apart from all the facts that every respected option pro on this board have already pointed out, is that he did not come here to learn, grow, or correct mistakes. He came here saying that a completely flawed and incomplete back test combined with his handful of months of real trading qualified him to teach others. If he was properly diversified and looked to make a more reasonable return (10% a month is an impossibility in the long run no matter what you do) then he would at least have a theoretical chance at long run sustainability even if he never admitted that there may be better risk/reward option plays available to him.

His current unknown drawdown is irrelevant, the question is what happens when (not if) we eventually have a 10% move and real jump in iv.
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+1
 
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