The Perfect Option position

I also suggest taking a look at the (long) post by mav on page 30.

thanks mav for the (rather philosophical) post without mentioning any greeks :)
 
Quote from bvam1:


There are better and cheap strategies to use. Trade what you see, not what you think!
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I am sure there are, would you please post some (seriously).

Thanks,
 
Quote from mbradley:

I have. Since learning this, I have done three round trips on the MNX since learning this and made money each time.

I guess Im too stupid to know I dont have an edge.

Mike
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Mike,

Any update after your 2004 post (on page 29) on this. how did it go? Any improvment/suggestion?
 
Quote from Maverick74:


If you can't be an independent thinker, you won't make it in this business. If you have to listen to others, this is the wrong job for you. You can't just copy and paste a trading style from someone else and make millions. Trust me, it's not that easy.
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A+
 
Just saw this thread for the first time.

Let me add this little-known fact: If you are long the wings and short the middle at a ratio that makes you premium neutral, then as IV rises you get longer and longer vega, and make money. As IV drops, you get shorter and shorter vega, and ALSO make money.

Don't believe me? Put it up on your simulator and you will see for yourself.

To the Riskdoctor - Hi Charlie! I traded in T-bond options with you from '84 to '87 (dmo was my badge). Loved your book - I can vouch for the accuracy of the anecdotes - you have quite an amazing memory to recall them in such detail!

For the fans of Charles' books - he was quite the amazing plunger in those days. When a broker had a thousand of something to buy or sell, Charles loved to be the guy who yelled "sold" - leaving everyone else in the pit with their mouths agape. At the time, 100 lots was more than most locals would take - even the ones working for institutions!
 
Hey DMO,

Good to hear from you. Some of those 1000 lots were nasty, weren't they?. Hated some of those!

Getting back on topic, attached is an image of the double slingshot which can be achieved many different ways. Watch* the 2-Hour lecture on the pros and cons of the Slingshot variations:

http://www.riskdoctor.com/cgi-bin/forum/ikonboard.cgi?act=SF;f=33

Charles Cottle

*Must join the free forum for access to the movie.
 

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Quote from domestic:

omg omg, you are retarded (whoever your caretaker is must intervene) and not putting us on. you may even be dangerous.

poor mav must be shaking the last hairs out of his head.
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It's slim pickins up there. That's what 6 years on a message board will do to your hairline. A cautionary tale for sure...
 
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