Want to make 1k / month on 100k, selling options.
- Thread starter Tomaz26
- Start date
How do I know he is the one that can make 14% a year for me?Try the Zoo;
Observe both the animals, and humans,
Jesus, you're one of those dim-witted/lazy people who want everything handed to you on a literal piece of paper or clay tablet like Moses.
Work in fast food or be an accountant, if you're an expert in black and white...but have no apparent grey mind of your own.
Steal the Night...there's no guarantee -- You gotta gamble, just like me.
Don't think so much about the money or trade or option -- But focus your senses on the underyling movement...your ability to trade and predict and monitor and read and/or manage the trade. I can write a whole book just on this level.
The money and success will come if you can master the underyling market.
Success/rewards/money is the nuclear warhead, and the effort is the remaining 95% of the rocket that's fuel/dead space or weight to get it there.
I can make people here so much money, that they would suck my d*ck. and call me God. The idea of them quitting their menial jobs for trading profits makes them wet. (just stating the reality of the situation, w/o trying to sound too arrogant.)
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I am dumb and slow but I am not lazy. I worked very hard to become a full time trader.
Anyway, thank you for your coaching.
Tomaz, do u have a site for that QQQ collar study?Collar is not meant to be neutral strategy. And you never close any leg before the other. You let them expire any way they do and write both options again. That is if I remember correctly. The point of the collar is to be long underlaying, buy a protective put and finance it with the sell of the call. Or at least partly finance it. This way you give up some of the upside (depends on the strike of course), but gain protection. This is why results in the long sustainer upmoves were bad with collars, but where you gain most is during down years, where undelaying was like 40 % down and you had positive returns.. Then those years smooth each other out and you get returns with less volatility. I think protective collar during this long bull market now is a wise idea. Specially for those that do not want to sell undelaying due to tax or other reasons.. But since there is no free lunch I guess this strategy also must have some other risk I do not see yet
Both studies in the attachment.
Would be great if any of the PROs here could comment on them
I found this post looking for something else. Are you guys not referring to COSTLESS collars? As opposed to collars for the sake lowering delta of an outright position on the underlying? Ref http://www.theoptionsguide.com/costless-collar.aspx
Costless collars are no big deal to find but finding a costless collar that has no risk is a thing to behold.
So here's what the OptionsGuide" proposes: Buy a $50 stock that has a $60 call LEAP trading for $5 and buy a same expiration $50 for that $5. Voila! Can't lose position! Imagine that, a $10 potential profit with ZERO loss.If such a thing existed, everyone in the world would do all they could eat. Sell a kidney! Mortgage the farm.
Be aware that a long stock vertical is equivalent to a bullish vertical spread. Since I'm kinda lazy, I'll take a gazillion no risk $10 potential profit verticals and retire before I ever go to work !!!
PS Aint gonna happen
Costless collars are no big deal to find but finding a costless collar that has no risk is a thing to behold.
So here's what the OptionsGuide" proposes: Buy a $50 stock that has a $60 call LEAP trading for $5 and buy a same expiration $50 for that $5. Voila! Can't lose position! Imagine that, a $10 potential profit with ZERO loss.If such a thing existed, everyone in the world would do all they could eat. Sell a kidney! Mortgage the farm.
Be aware that a long stock vertical is equivalent to a bullish vertical spread. Since I'm kinda lazy, I'll take a gazillion no risk $10 potential profit verticals and retire before I ever go to work !!!
PS Aint gonna happen
spindr, in your optionguide example, is that right? Shouldnt there be a sale in there? Thanks.
Though it's implied that one knows what to do with the call in a long stock collar, my description was sloppy so let me me dot the I's and cross the T's a bit better:
So here's what the OptionsGuide" proposes: Buy a $50 stock that has a $60 call LEAP trading for $5 (WHICH YOU SELL) and buy a same expiration $50 put for that $5. Voila! Can't lose position! Imagine that, a $10 potential profit with ZERO loss. If such a thing existed, everyone in the world would do all they could eat. Sell a kidney! Mortgage the farm.