Sharing+Discuss Option Trades/Strategies

There is nothing to be learned here. A narrow "strike-gap" is not a useful risk-measure. Knowing how much you can lose is better than unbounded-risk, but is not how an option trader should measure the merits of a position. Verticals are defined risk, we got that. Your delta and gamma position would be worth noting, but all you're concerned with is the OTM % and this strike-gap figure.

There is no hedge available, as the implementation of such would render the original position secondary in greek risk. You refuse to listen to logic and continue on a road to ruin. You sold naked puts on the worst performing sectors and blew-out... yet you've never had a losing year? The reason [one of many] that you're castigated is due to your blatant BS.

I handed you a worthwhile ratio to use as a a relative-value figure, but you had the thread deleted. Do you recall your dublication comments?

In any event, your love of all things bull-vertical is not trading, it's prayer. Adding a new position every few days is not diversification, it's CONCENTRATION. Please don't continue to regurg the same idiotic bull vertical trades.
 
You can post over and over and over about strike selection and % out of the money or your guesses at support levels, none of that will change the facts that your track record is brutal. You can claim over and over that you like to have time to react but your track record shows no matter how much time you have you end up doing nothing.

So the bottom line is you can write as many long posts as you like which all essentially say the same thing in the end you don’t even learn from your mistakes. You don’t post any new information or opinions and you believe anyone and everyone who points out your gross flaws is some how angry.

I am not angry at all despite the way you post that endlessly. I am just amused at your never ending attempts to imply such nonsense.
 
<<< There is nothing to be learned here. A narrow "strike-gap" is not a useful risk-measure. Knowing how much you can lose is better than unbounded-risk, but is not how an option trader should measure the merits of a position. Verticals are defined risk, we got that. ...all you're concerned with is the OTM % and this strike-gap figure. >>>

I wasn't attempting to teach or preach. I was merely initiating a discussion, while sharing a few of my preferences.
Nor was it all inclusive of how I measure the merits of a trade.
I based the merits of a trade on literally dozens of criteria.
Some more strongly weighted than others. It's only after evaluating the "blend" of all those criteria, that I decide how I'll set the trade up. The OTM % and strike gap are merely 2 of many variables I consider. I just happen to discuss them today.


<<< I handed you a worthwhile ratio to use as a a relative-value figure, but you had the thread deleted. >>>

I don't recall seeing the ratio. Perhaps it got lost in the 50 pages of board disrupting "off topic" posts from xflat, gody3 (spindr0), and others (myself included).
I'd appreciate your reposting it.


<<< In any event, your love of all things bull-vertical is not trading, it's prayer. Adding a new position every few days is not diversification, it's CONCENTRATION. >>>

I consider it preference. I considered doing IC's, but I'm not comfortable guessing (hoping) whether a stock will remain in a trading range.
I considered buying long calls, but nor am I comfortable guessing whether a stock will rise, or how soon it will rise, or how much it will rise.
I'm more comfortable generating income, whether the stock rises, falls or remains stationary.
You mock that strategy. And xflat ridicules it as being "simplistic".
I'm really not here to impress anyone. I'm simply doing what works for me and sharing the trades I initiate.

As for "CONCENTRATION", I prefer to diversify my trades among many stocks and industries. I do that to avoid over concentrating my cash in just a few stocks and industries.
That too is a form of risk management... along with % otm, strike gap, ect....
My form of concentration is in being neutral to bullish in outlook.
If I were good at picking tops, I'd initate more bearish strategies. If you see such stocks I'd appreciate a heads up.
I'm simply better at picking bottoms, so that's where I focus my strategy. However, I remain open to suggestions.


<<< ....yet you've never had a losing year? The reason [one of many] that you're castigated is due to your blatant BS. >>>

Not only have I never had a losing year, I've also never had a losing trade, never had a day my portfolio lost value, never had a put premium rise after the trade was initiated, and never had any tooth decay or cavities even though I've never brushed or flossed.

Putz Master
 
Quote from Putz Master:

<<< There is nothing to be learned here. A narrow "strike-gap" is not a useful risk-measure. Knowing how much you can lose is better than unbounded-risk, but is not how an option trader should measure the merits of a position. Verticals are defined risk, we got that. ...all you're concerned with is the OTM % and this strike-gap figure. >>>

I wasn't attempting to teach or preach. I was merely initiating a discussion, while sharing a few of my preferences.
Nor was it all inclusive of how I measure the merits of a trade.
I based the merits of a trade on literally dozens of criteria.
Some more strongly weighted than others. It's only after evaluating the "blend" of all those criteria, that I decide how I'll set the trade up. The OTM % and strike gap are merely 2 of many variables I consider. I just happen to discuss them today.


<<< I handed you a worthwhile ratio to use as a a relative-value figure, but you had the thread deleted. >>>

I don't recall seeing the ratio. Perhaps it got lost in the 50 pages of board disrupting "off topic" posts from xflat, gody3 (spindr0), and others (myself included).
I'd appreciate your reposting it.


<<< In any event, your love of all things bull-vertical is not trading, it's prayer. Adding a new position every few days is not diversification, it's CONCENTRATION. >>>

I consider it preference. I considered doing IC's, but I'm not comfortable guessing (hoping) whether a stock will remain in a trading range.
I considered buying long calls, but nor am I comfortable guessing whether a stock will rise, or how soon it will rise, or how much it will rise.
I'm more comfortable generating income, whether the stock rises, falls or remains stationary.
You mock that strategy. And xflat ridicules it as being "simplistic".
I'm really not here to impress anyone. I'm simply doing what works for me and sharing the trades I initiate.

As for "CONCENTRATION", I prefer to diversify my trades among many stocks and industries. I do that to avoid over concentrating my cash in just a few stocks and industries.
That too is a form of risk management... along with % otm, strike gap, ect....
My form of concentration is in being neutral to bullish in outlook.
If I were good at picking tops, I'd initate more bearish strategies. If you see such stocks I'd appreciate a heads up.
I'm simply better at picking bottoms, so that's where I focus my strategy. However, I remain open to suggestions.


<<< ....yet you've never had a losing year? The reason [one of many] that you're castigated is due to your blatant BS. >>>

Not only have I never had a losing year, I've also never had a losing trade, never had a day my portfolio lost value, never had a put premium rise after the trade was initiated, and never had any tooth decay or cavities even though I've never brushed or flossed.

Putz Master
More...

Wow, you're special. Every time you post another trade you add deltas to your fictional portfolio. That's not diversification.
 
Quote from Putz Master:

<<< There is nothing to be learned here. A narrow "strike-gap" is not a useful risk-measure. Knowing how much you can lose is better than unbounded-risk, but is not how an option trader should measure the merits of a position. Verticals are defined risk, we got that. ...all you're concerned with is the OTM % and this strike-gap figure. >>>

I wasn't attempting to teach or preach. I was merely initiating a discussion, while sharing a few of my preferences.
Nor was it all inclusive of how I measure the merits of a trade.
I based the merits of a trade on literally dozens of criteria.
Some more strongly weighted than others. It's only after evaluating the "blend" of all those criteria, that I decide how I'll set the trade up. The OTM % and strike gap are merely 2 of many variables I consider. I just happen to discuss them today.


<<< I handed you a worthwhile ratio to use as a a relative-value figure, but you had the thread deleted. >>>

I don't recall seeing the ratio. Perhaps it got lost in the 50 pages of board disrupting "off topic" posts from xflat, gody3 (spindr0), and others (myself included).
I'd appreciate your reposting it.


<<< In any event, your love of all things bull-vertical is not trading, it's prayer. Adding a new position every few days is not diversification, it's CONCENTRATION. >>>

I consider it preference. I considered doing IC's, but I'm not comfortable guessing (hoping) whether a stock will remain in a trading range.
I considered buying long calls, but nor am I comfortable guessing whether a stock will rise, or how soon it will rise, or how much it will rise.
I'm more comfortable generating income, whether the stock rises, falls or remains stationary.
You mock that strategy. And xflat ridicules it as being "simplistic".
I'm really not here to impress anyone. I'm simply doing what works for me and sharing the trades I initiate.

As for "CONCENTRATION", I prefer to diversify my trades among many stocks and industries. I do that to avoid over concentrating my cash in just a few stocks and industries.
That too is a form of risk management... along with % otm, strike gap, ect....
My form of concentration is in being neutral to bullish in outlook.
If I were good at picking tops, I'd initate more bearish strategies. If you see such stocks I'd appreciate a heads up.
I'm simply better at picking bottoms, so that's where I focus my strategy. However, I remain open to suggestions.


<<< ....yet you've never had a losing year? The reason [one of many] that you're castigated is due to your blatant BS. >>>

Not only have I never had a losing year, I've also never had a losing trade, never had a day my portfolio lost value, never had a put premium rise after the trade was initiated, and never had any tooth decay or cavities even though I've never brushed or flossed.

Putz Master
More...


Well you dismiss and IC as a guess on whether a stock will remain in a rage. In your spreads all you’re doing is guessing a stock wont fall below a strike price.

You say you generate income whether a stock rises falls or remains the same, the same can be said about an IC yet you dismiss the use of IC’s as a guess. Pretty funny stuff.

Keep up the great work!!!
 
I really have no idea why it upsets atticus, spindr0, and xflat2186, that I dare to share and discuss my trades, on a thread entitled... SHARING AND DISCUSSING OPTION TRADES.
If you have opinions, discussion, or constructive criticism of those posted trades, we all benefit from a diversity of opinion and challenges.

If you think those stocks would be better suited for a different strategy, then say so, as tancy did (spelling?) Lets discuss that strategy.
But if all you have to offer is ridicule, insults, and off topic rants.... there are plenty of other boards for you to lurk at.
If you want to participate in the sharing and/or discussing of option trades, that's what this thread was opened for.

Putz Master
 
Quote from Putz Master:

I really have no idea why it upsets atticus, spindr0, and xflat2186, that I dare to share and discuss my trades, on a thread entitled... SHARING AND DISCUSSING OPTION TRADES.
If you have opinions, discussion, or constructive criticism of those posted trades, we all benefit from a diversity of opinion and challenges.

If you think those stocks would be better suited for a different strategy, then say so, as tancy did (spelling?) Lets discuss that strategy.
But if all you have to offer is ridicule, insults, and off topic rants.... there are plenty of other boards for you to lurk at.
If you want to participate in the sharing and/or discussing of option trades, that's what this thread was opened for.

Putz Master
More...

Who is upset? I am just pointing out some of funny stuff you post endlessly.

I commented on your last post where you for the umpteenth time post about strike selection, you don’t mention any particular trade. Yawn.

I also commented that I find it pretty funny how you dismiss an IC as a guess on a stock yet you believe that a spread is no such guess. Just like an IC a bull put spread can profit when the stock moves up, down or stays the same, it’s a similar guess as you like to put it.

Its your opinion that this thread should be about sharing and discussing trades, despite the fact you have posted a couple of trades which may or may not be real most of your posts are not trade specific. My opinion is that I choose to post about your inconsistencies, wrong information and poor track record. There are plenty of boards I don’t post on should you desire to post there. Here on this board I will post as I see fit so long as I am in compliance with the TOS.

You refer to my posts as rants yet they are simply exposés on the flaws in your logic, knowledge and tactics. One might consider many of your posts as rants but I don’t judge, only you feel that’s necessary to do that, and always judge incorrectly.
 
<<< I also commented that I find it pretty funny how you dismiss an IC as a guess on a stock yet you believe that a spread is no such guess. Just like an IC a bull put spread can profit when the stock moves up, down or stays the same, it’s a similar guess as you like to put it. >>>

You can always tell when xflat is either lying or merely taking ones comments out of context, as he does not share the quote he discusses.
My discussion was about the reason I prefer not to buy calls, and the reason I prefer not to do IC's at this time.
That I'm more comfortable picking bottoms. Not tops.
I don't have to deal with ranges with my current strategy. Stocks are welcome to rise as high as they will go.
I'm not comfortable having my upside restricted with IC's.
That really seems to upset and anger xflat.

<<< Its your opinion that this thread should be about sharing and discussing trades, despite the fact you have posted a couple of trades which may or may not be real most of your posts are not trade specific. >>>

When I'm not goaded into getting into off topic bantering with you, my discussions are about trades and strategy.
My recent discussions of % otm, strike gaps, ect... are examples of strategy discussions.


<<< My opinion is that I choose to post about your inconsistencies, wrong information and poor track record. There are plenty of boards I don’t post on should you desire to post there. >>>

If I state something wrong or inconsistent, you are welcome to share your opinion and/or correct me. I'm here to learn as well as share.
If you are going to again disrupt and flood the board with your off topic rants and personal attacks, as you did on the previous board I initiated for sharing and discussing trades, I'll ask the new moderator to observe.
I'm done wasting my time responding to you. I have stocks to research. You are welcome to have the last word.


Putz Master
 
Quote from Putz Master:

<<< I considered doing IC's, but I'm not comfortable guessing (hoping) whether a stock will remain in a trading range.
I considered buying long calls, but nor am I comfortable guessing whether a stock will rise, or how soon it will rise, or how much it will rise.
I'm more comfortable generating income, whether the stock rises, falls or remains stationary.

Putz Master
More...


Here is your direct quote where you imply an IC is a guess.

LOL funny to see you get so worked up when your own posts stab you in the back.
 
<<< Its your opinion that this thread should be about sharing and discussing trades, despite the fact you have posted a couple of trades which may or may not be real most of your posts are not trade specific. My opinion is that I choose to post about your inconsistencies, wrong information and poor track record. There are plenty of boards I don’t post on should you desire to post there. >>>


xflat,2186, if you continue to disrupt the board with the same endless rants about trades from 2007, they will continue to be sent to the new moderator for review. There are plenty of actual trades posted here for you to discuss.
You obviously had a really bad year in 2007, and are clearly upset about that year.
We get that by now.
Duh!
It was a difficult year for most investors.
But dwelling on the past will NOT make you any richer. It will only make you more angry and upset, as you continue to obsess over it.


<<< Its your opinion that this thread should be about sharing and discussing trades... My opinion is that I choose to post about your inconsistencies, wrong information and poor track record. Here on this board I will post as I see fit so long as I am in compliance with the TOS. >>>

I'm more interested in the moderators opinion.
He has begun to receive examples of your off topic board disrupting posts, and recent pledge to continue to do so.

It clearly upsets you that I and others are willing to share and discuss our current trades and strategies, while you continue to dwell on and rant on endlessly about your really bad year in 2007.
We had a market correction of more than 50%. Some sectors dropped a lot more than 50%.
Most investors lost money, as few anticipated that large a correction. I lost money too.
But you will never replace that money by dwelling on your past mistakes. It's time to put them behind you and start fresh.

If you would like to share and discuss some new stocks for a potential investment, that's what this thread is for.
However, if you are intent on continuing to disrupt the board, with the same endless angry off topic rants, as your new threat below states,.... that's what the moderator is for.

" Its your opinion that this thread should be about sharing and discussing trades... My opinion is that I choose to post about your inconsistencies, wrong information and poor track record. Here on this board I will post as I see fit so long as I am in compliance with the TOS."
 
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