LOL you are assuming everyone is actually taking this post seriously and not having some fun and playing along.
Should I panic about my short position on Apple calls?
- Thread starter stevebearman
- Start date
LOL you are assuming everyone is actually taking this post seriously and not having some fun and playing along.
Certainly a lot of people on here are jokers ( and some jackasses ) and clearly not traders. I'm not sure that a site called "Elite Trader" is aiming to be more trashy then say Yahoo chat rooms.
When ForexForex posts, I simply recall he's posted similar crap in the past, then when the calls were successful, he followed up with all sorts of serious sounding posts like it was part of a real trading strategy. So what is it ? Joker or Trader. I'd say Joker now, not much of what he says leads to successful trading.
Could you post some links? I will gladly answer any questions you have, as I have done with all questions.
BUY THE STOCK!! if you don't have enough money to buy the stock.. because you have it all up on margin.. you really are in a bad trade.. Risk management... when is a naked call good to sell.. the most risky sale indeed! only if you have to money to buy the stock! i know i'm coming in late in the game here.. but gamma scalping to repair a out of control increase in delta is the way i've read to go.. WHO SELLS naked calls in front of Apple? someone who needs a lesson in risk management!
People can look at the market action today for proof of what I have posted here.
Your reasoning is wrong. It's option buyers who generally cause volatility into Expiries to diminish. However, I think the effect is small relative in the grand scheme of things.
There is nothing wrong in my reasoning. I have extensive experience trading near month options. I've observed and traded on expiry weeks more then most on this site will ever do. I am simply relaying what the reality is.
You are not understanding the dynamics. Institutions that sell options will protect their positions to ensure they minimize the value of what they sold. It is no minor effect. Friday trading can often go into a slow lethargic crawl unless there is a massive news break. The crawl often works against the prevailing trend in markets.
I am beginning to think I am responding to almost rank beginners in this area, which may be a complete waste of time.
This subject has been discussed a number of times in a number of threads on this forum. Would it be at all possible to avoid doing it again?
Only because you asked Martinghoul.
Haha, appreciate it...