Options Traders' Ranks Swell as Amateur Investors Embrace `Iron Condors'

Quote from dcvtss:

You sure about that?
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Yes, I'm sure about that. Sure, I can lose a lot of money if the stock goes down. But I lose that money if I didn't sell the covered calls and the issue here is whether options are inherently sucker bets, not whether stocks are.
 
Quote from spindr0:

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Quote from spindr0:OK, it's a zero sum game. Who took da money???
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. ... It's not like equities where capitalization can disappear. So maybe one should attempt to be a successful inexperienced trader??? :D
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The piker is not as stupid as it appears from some of the posts:cool:
 
Problem is Iron Condors are hawked by so many newsletters written by option idiots who think they have the holy grail to monthyl income and can sell it repeatedly in a newsletter. Of course Iron Condors is just one of like 30 or more strategies sothe author is just looking at one strategy to declare options a sucker's bet.

I always find that people who write articles like that make more money writing articles than actually trading... and for good reason.
 
Quote from optioncoach:

I always find that people who write articles like that make more money writing articles than actually trading... and for good reason.
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Very few people of those who are actualy trading write articles or give television interviews. Even those who do, usually produce these articles or interviews only after they have already taken the view they are promoting trading-wise at a better level.
 
Hmmm... Charge a subscription fee and offer managed accounts and or newletter. 10% gains monthly with Iron Condor!!!

:D
 
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