The Beauty of Options - Portfolio Insurance at a Discount

[destriero]

He partially paid for his long puts with shorter duration puts. What if either he sells more puts to balance out the cost of the longs or goes lower long put strike so that the costs net out to zero?

Like a free lunch.

My kid just fell off the roof while cleaning the gutters. I told the wife that if the idiot falls off the roof it's on her. Well, no broken bones as he somehow landed in the fresh mulch and top soil. Ladders are apparently for pussies.

I can state that the aforementioned is not as manifestly stupid an action as the steps taken to author your last, above. Close, but no cigar.

I am out of this thread. Thanks, and good night.

 

[ironchef]

It's good that you're trying. It gives ppl hope.

Actually there is no hope.

We really need to understand the necessary fundamentals of options, what drives what and how. It is delusional to think we can beat the MM and professionals without that understanding. Like you and @Maverick74 said, there is no edge in structure.

What do I need to learn? Just need some general direction where to go.

 

[destriero]

Actually there is no hope.

We really need to understand the necessary fundamentals of options, what drives what and how. It is delusional to think we can beat the MM and professionals without that understanding. Like you and @Maverick74 said, there is no edge in structure.

What do I need to learn? Just need some general direction where to go.

To be honest; I don't care what you have to learn. I am done beating my head against you ppl/this thread.

You'll see me again when I post my PNLs to youtube with zero commentary.

 

[ironchef]

My kid just fell off the roof while cleaning the gutters. I told the wife that if the idiot falls off the roof it's on her. Well, no broken bones as he somehow landed in the fresh mulch and top soil. Ladders are apparently for pussies.

I can state that the aforementioned is not as manifestly stupid an action as the steps taken to author your last, above. Close, but no cigar.

I am out of this thread. Thanks, and good night.

Glad your kid is OK.

Thanks for giving me a hint.

 

[Sweet Bobby]

IC, Unless the market craters,this will be a learning experience for Sweetness..

There is zero edge to this strategy,there is no strategy that "fits all sizes",irregardless of market conditions...

Selling more puts to balance out the cost of the longs removes Bobby's lucky chip....

No disrespect,but hes not ready for prime time,and IMHO he should be nailing the basics before doing backspread diagnols..

It is you who will be learning from this exercise! I've already been trading this for some time. What is old is new and what is North is South. I am Prime Time. Say My Name!

 

[themickey]

.....I am Prime Time. Say My Name!

"DIME TIME"

 

[themickey]

Just kiddin.

 

[taowave]

Grasshopper,
I will lead you from the path of darkness..

.Close your eyes,and repeat my words.Its not too late.


You have a mishmash of a backspread and a calender..Nothing specialhere

Be like Water

It is you who will be learning from this exercise! I've already been trading this for some time. What is old is new and what is North is South. I am Prime Time. Say My Name!

 

[Sweet Bobby]

Grasshopper,
I will lead you from the path of darkness..

.Close your eyes,and repeat my words.Its not too late.


You have a mishmash of a backspread and a calender..Nothing specialhere

Be like Water

And yet it is I who is up 208% on the year! Want to make a $1,000 wager on that? I will show you the proof if you’d like? I eagerly await your reply.

 

[taowave]

Dum Dum,you caught a V bottom and were backspread.. Great timing,no more no less..

Again,don't confuse luckl with brains

Christmas comes once a year

Des 1000 bucks already made your year...

And yet it is I who is up 208% on the year! Want to make a $1,000 wager on that? I will show you the proof if you’d like? I eagerly await your reply.