What is your preference option strategy?

Quote from commiebat:

Long calls are probably the hardest way to make money trading options.
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It took me 8 years of experience, but there is surely NO EASY WAY to make money trading options.

You have to be an excellent stock picker,
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You have to be an excellent risk controller.

The only way they're "simple" is that they're a one-leg position, but you can get that simplicity in three other ways.
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Can't recommend those three other ways.
 
Quote from atticus:

Dual replication -- intermarket [index1/index2] vanilla fly deltas into exotic NTs with switch-hedge [futures time spreads]. Short lookbacks; lookback strangles.
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I am proud of myself, as, I actually understand about 40% of that.

:)
 
Quote from PretzelPiece:

You have to be an excellent risk controller.
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You have to control risk no matter how you trade options.

The tricky part about buying calls isn't the risk, it's the reward. Specifically, you have to be a good enough stock picker that there is some.
 
Quote from RichardRimes:

MTE
I'm very interested in your IC monthly...do you "set and forget"? do you adjust? Is there a specific delta that you generally sell? thanks!
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I may adjust occasionally, however, I'm not a big fan of adjusting losing trades so it is a "set and forget" type of system. I'm not looking for any particular delta, my approach is based on estimating future volatility and then selling 1 st. dev. away from the current spot price.
 
Quote from MTE:

I may adjust occasionally, however, I'm not a big fan of adjusting losing trades so it is a "set and forget" type of system. I'm not looking for any particular delta, my approach is based on estimating future volatility and then selling 1 st. dev. away from the current spot price.
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TY :)
 
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