Option Premiums Books

[Sweet Bobby]

You found a way to protect yourself from the unknown? Awesome! How much money are you willing to put under risk to test your theory?

The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight.

My money has been “at risk” for several years now.

 

[qlai]

I'm not really picking o you. What percentage of your net worth are you putting in? How many black swan events have you lived through? Some people never get caught and look like geniouses. Doesn't mean they discovered a secret.

 

[Sweet Bobby]

I'm not really picking o you. What percentage of your net worth are you putting in? How many black swan events have you lived through? Some people never get caught and look like geniouses. Doesn't mean they discovered a secret.

An event is forthcoming. I am well prepared and I will report upon my tremendous gains.

 

[REDP1800]

I'm thinking I can be off pretty good if I can learn to sell premium. So I'm thinking about getting started reading some of these books for beginners when I save up some more money.

This is for a friend.

pm me your email. i have an option book for u

 

[REDP1800]

What makes option selling so amazing is so few truly understand how to do it successfully. Through years of trials and study I now know how to do it safely, even through black swan events. There is NO book that can prepare you to successfully sell premium. Keep it very small until you master it. Keep a journal of every trade and study your results. I started by watching Karen the Supertrader videos. She had a successful strategy. The one thing that she lacked was the ability to deal with extreme tail risk. We’re it not for tail risk, EVERYONE would be selling premium! I for one am glad the risk is there. It keeps the vast amount of knuckleheads on this forum from even trying. You need guts and street smarts to make it in this game! How does Daddy do it?

lol.

 

[Sweet Bobby]

lol.

What are you laughing at ass hole?

 

[REDP1800]

What are you laughing at ass

i have some advice for you Francis....check yourself into the nearest mental institution and then let me know so i can reconmend elctroshock therapy. not because of your clear misunderstanding of option risk but because your silly anger mixed with a possibility of granting options is writing on the wall that u might hurt yourself in the long run.

 

[MarkBrown]

i can understand selling naked options, it's the best trading method there is for well capitalized talented traders.

but spreads i don't understand the value of at all your just complicating something that doesn't have to be. spreads are only the last resort of someone who is looking for a step above gambling. it allows them to be in the game and lose money at the slowest rate.

if you can trade spreads successfully then you can trade the outright successfully. they would only benefit a money manager who is participating in commissions on a fee basis.

 

[REDP1800]

i can understand selling naked options, it's the best trading method there is for well capitalized talented traders.

but spreads i don't understand the value of at all your just complicating something that doesn't have to be. spreads are only the last resort of someone who is looking for a step above gambling. it allows them to be in the game and lose money at the slowest rate.

if you can trade spreads successfully then you can trade the outright successfully. they would only benefit a money manager who is participating in commissions on a fee basis.

spreads are a great way to trade for free
buy 1 es mini call sell 4 deep otm calls..

 

[dentist2725]

i can understand selling naked options, it's the best trading method there is for well capitalized talented traders.

but spreads i don't understand the value of at all your just complicating something that doesn't have to be. spreads are only the last resort of someone who is looking for a step above gambling. it allows them to be in the game and lose money at the slowest rate.

if you can trade spreads successfully then you can trade the outright successfully. they would only benefit a money manager who is participating in commissions on a fee basis.

I respect what you have to say but don't understand why you do not like spreads. They are a way to reduce risk, as you know, by capping your loss. I like credit spreads (both puts and calls) on the SPY depending on how the market is doing. I like them just a few days out and aim for a small credit that I can reproduce many times. I have just started credit call spreads recently and am tracking them to evaluate expectancy. What I like about the SPY is that there is expiration several times per week. I realize this is not for everyone.