We option buyers are too dumb to understand.
This site helped me
- Thread starter shMark
- Start date
If you have been fortunate enough to run large vol books,you have most likey been unfortunate enough to get smoked being short vol...
Yeah,for 251 days you are a trading god,but there is that one day in every short vol/gamma traders life where they are a split second decision from going the way of the dinosaur..
Pick your poison,learn from your mistakes, and most of all,don't repeat them
Yeah,for 251 days you are a trading god,but there is that one day in every short vol/gamma traders life where they are a split second decision from going the way of the dinosaur..
Pick your poison,learn from your mistakes, and most of all,don't repeat them
It's either a slow bleed or a bullet to the head
Easy fix. You trade for only 251 days and then go fishing.
Kidding aside, he should leverage to the hilt, trade a few time, makes his killing, then retire, riding into the sunset.
Selling the PUT is shorting the option, bearish, you want it to decline, but you're bullish the underlying because you want it to rise?
The fellow who introduced me to options only write calls or puts on only 1 stock: AAPL.It's either a slow bleed or a bullet to the head
He has been doing that since 2010 and I think he outperformed buy & hold and haven't had a bullet to his head after 15 yrs.
Well, he could be pretty good and pick the right times/strikes/expirations to sell. He also could have just been lucky since it was a very bullish period for Apple.
Mmm, no, you options people are incalculably insane.
I'd find a suitable freaky song for you folks, but am not able to at this time.
*hugs*
Sellers/writers are quite sane, collecting steady incomes.
Those who could trade spreads are geniuses & magicians.
Only buyers are insane, we look for miracles, black swans.
