"those idiots" are the ones who are going to be cleaning out your account because you decided to ignore what they were telling you. Honestly I'm amazed that anyone has stuck around this thread as long as they have. my head exploded pages ago.
Strategy: Selling Put Options: The Best Income Method?
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Really? I don't think it was the mods who gave me an advice.
It rather was cheap and wrong and unasked for advice irrelevant to the problem, given by some lurkers here without having any knowledge of system design...
Everybody can simply and cheaply suggest to live-trade it. But system design doesn't work like that cheap & stupid "advice"... Such wrong advice is an insult to normal pupils intelligence...
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Hey Mr. Market, listen! You are not much intelligent nor effective, all traders know that, and they f*ck you all the time big! Are you still not aware of that fact?... ;-)))) ROTFL!
I look into this thread occasionally to see who is muttering what inanity. It is sort of like what you would expect to hear in the day room of an insane asylum.
goddamn, I know. It's like listening to the GOP debates. complete insanity.
Futher research on put selling gives this interesting picture:
(Source: http://www.optionstrategist.com/blog/2014/06/four-eye-opening-facts-about-naked-put-selling )
(Source: http://www.optionstrategist.com/blog/2014/06/four-eye-opening-facts-about-naked-put-selling )
This is an interesting chart.
I like the Long strategy....KISS: keep it simple stupid.This is an interesting chart.
it's harder, but more rewarding for those who are good.
(no pun intended, kind of)
I further studied the options selling and hedging and came to the conclusion that
a profitable zero-loss system is indeed possible, like I was hoping in the very beginning of this thread.
Now I have found the method for a profitable system with no losses.
The hedging part of it is called "delta hedging with positive gamma"; yes, greeks are good for this ;-)
In this system I want use short puts and short calls only... if neccessary repeating it multiple times. Cool, isn't it? ;-)
The hedging(s) will be initated only on demand, ie. if it really is necessary, that's: if the PnL gets critical.
I think the use of different strikes will be applied too.
Still only theory at the moment, but I'm going to test it in a simulation shortly.
OTOH I'm also a little bit sceptical, b/c wouldn't that make up a money machine?... ;-)
(No, I guess not, because zero loss can also mean zero profit...)
Any constructive comments are welcome, everything else is unwanted in this thread. Thx.
a profitable zero-loss system is indeed possible, like I was hoping in the very beginning of this thread.
Now I have found the method for a profitable system with no losses.
The hedging part of it is called "delta hedging with positive gamma"; yes, greeks are good for this ;-)
In this system I want use short puts and short calls only... if neccessary repeating it multiple times. Cool, isn't it? ;-)
The hedging(s) will be initated only on demand, ie. if it really is necessary, that's: if the PnL gets critical.
I think the use of different strikes will be applied too.
Still only theory at the moment, but I'm going to test it in a simulation shortly.
OTOH I'm also a little bit sceptical, b/c wouldn't that make up a money machine?... ;-)
(No, I guess not, because zero loss can also mean zero profit...)
Any constructive comments are welcome, everything else is unwanted in this thread. Thx.
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No, NOT cool. It is not possible to be positive gamma in using short options only.