Falconview:
I hope people out there are doing well and are all safe, and that you are well and safe.
With regard to options, I think you are a very intelligent person, and you seem to have a lot of experience from past businesses/etc. The aim of my post was mainly to suggest that you may want to double check the building blocks just to make sure. The building blocks in options are puts and calls. Also you mention some put buying. I do not recall mention put buying at all. In fact I personally do not like being net buyer of premium.
Options are difficult to grasp at the beginning, and even for experts. One learns them by following them. Here is something that may resonate with you. If I forecast rain, I bring an umbrella. If I forecast snow, I wear boots, etc. Note that to be correct about the effects of weather, one needs to forecast the weather correctly AND do the right things. For instance, one can forecast snow and if one brings an umbrella, it does not help if the boot was the thing to bring. So one needs to learn the equivalent of umbrellas and boots in options (they are the tools such as spreads, straddles, strangles, etc), and also need to make some forecasting, and know how to apply the right tool to the right forecast. For example: if one forecasts the market at expiration to be between prices A, and B, what would one do? Answer: a number of things are possible, such as selling a straddle at strikes A and B.
I hope people out there are doing well and are all safe, and that you are well and safe.
With regard to options, I think you are a very intelligent person, and you seem to have a lot of experience from past businesses/etc. The aim of my post was mainly to suggest that you may want to double check the building blocks just to make sure. The building blocks in options are puts and calls. Also you mention some put buying. I do not recall mention put buying at all. In fact I personally do not like being net buyer of premium.
Options are difficult to grasp at the beginning, and even for experts. One learns them by following them. Here is something that may resonate with you. If I forecast rain, I bring an umbrella. If I forecast snow, I wear boots, etc. Note that to be correct about the effects of weather, one needs to forecast the weather correctly AND do the right things. For instance, one can forecast snow and if one brings an umbrella, it does not help if the boot was the thing to bring. So one needs to learn the equivalent of umbrellas and boots in options (they are the tools such as spreads, straddles, strangles, etc), and also need to make some forecasting, and know how to apply the right tool to the right forecast. For example: if one forecasts the market at expiration to be between prices A, and B, what would one do? Answer: a number of things are possible, such as selling a straddle at strikes A and B.
