Quote from diaoptions:
You don't need "deep pockets" to sell $24.00 puts. Give your head a shake.
give my head a shake?
you guys are scary stupid...gl...sell those puts..no worry only $24 strikes, lol.
My OPTION TRADES..... part 2
- Thread starter Put_Master
- Start date
give my head a shake?
you guys are scary stupid...gl...sell those puts..no worry only $24 strikes, lol.
Have I ever been in a DD?
I live in Las Vegas. I'm surrounded by double D's!
They're everywhere!
My pockets get deeper by the month, with every option expiration date.
If all you have is a little girlie purse, instead of deep pockets, perhaps you are using the wrong strategy(s), or using excessive leverage, or focussing too much on a trades "potential" return when you should be focussing on the trades "probability" of a return.
Brainless, please note i asked you questions whereas you ASSumed some things about my trading. do a search to eliminate your assumptions.. I do not trade options..i was simply asking you some questions. I do hold an opinion an otm put seller is a road to ruin..good luck though.
You don't trade options, but you are participating in a discussion on an option board?
Sounds like you had a bad experience with options?
Why do you think puts are the road to ruin?
Do you think they are more safe or less safe than credit spreads?
For the investor who sells puts on the hot story of the week, or focusses mostly on stocks with fantastic put premiums, or uses excessive leverage, or over concentrates his cash instead of diversifying amongs stocks and sectors, .... I would agree they are engaging in a speculative strategy, and potential road to ruin.
But why do you think they are the road to ruin in general?
And which strategy is more likely to get you there first.... selling puts or credit spreads?
If you are refering to selling puts, what minimum ROC do you think is reasonable for the risk and probability one engages in?
(Keeping in mind we are in a low VIX environment.)
If/when we return to a VIX in the mid 20's or more, you'll see a higher ROC.
Don't investors need to accept and thus "adapt", to the current market conditions they find thmselves in?
Seems to me, trying to earn the same ROC with the VIX in the low teens, as we did when the VIX was in the high 20's or 30's.... is a risky path to go down.
No?
Look here pal...i have heard your story ad nauseum from many others ( who i may add are no longer with us due to blowouts). My experience is extremely deep in options..atticus will attest to that..my opinion has been stated ...simply an experienced opinion , but one you should revisit now and then. I trade vol very differently from you, that's all i'll ever say.
What's with the name dropping? You put his name in your post and it gives you more credibility? What a jack-ass you are - LOL.
Having deep experience with options is actually irrelevant.
If one is going to sell puts, the main issues of relevance is STOCK picking, followed by STRIKE selection.
If you are not good at stock and strike selection,.... experience is NOT going to help you.
And if you (the generic you), don't adapt your strategy and goals to changing market conditions, (such as the VIX being very low), I say again, all that option experience is not going to be much use or value to you.
You keep talking about all your deep experience, but refuse to share what went wrong. I'm only asking because i want to learn.
Was it poor stock picking, poor strike selection, excessive leverage, % return goals that were too high, too volatile a stock sector to be in, over concentration of cash in too few stocks, a refusal to take managed losses..... ???
Enough with the credit spread bashing.
