Writing options for a living

Quote from Profitaker:

Worry-ye-not derivman, for it will not happen again. For I promise thee that yow have been placed on ignore.
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I apologise to Profitaker and Dashing Blade for complaining about them to the mods. I did not mean to be rude or make enemies for all I wan't to do is try and learn something about Options form people who are already trading them. Again you both have my apologies.
Derivman
 
Quote from Derivman:

Thank you MTE. My question may be general and I see nothing wrong with that. I would expect experienced Option traders to be able to explain a simple approach to a newbie like myself. What I am looking for is something along these lines:

a. The coffee market ic currently at the XXXXX level
b. There is major Support @ XXXXX
c. There is major Resistance @ XXXXX
d. The market may trade in the following range XXXXX for the next n period.
e. Based on these figures the following strategy would have the following risk XXX and the following potential reward XXX
f. The chances of making money with this type of strategy is XX%

Am I way off the mark here or am I missing something completely. From what I have read on other sites many experts say that Option trading is not a zero sum game. I can post the link to these educational sites for discussion if you like. Again thanks for your help.
Derivman
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Again my apologies for my studies to date have shown me that there are many Option Strategies available to the experienced Option trader. I should have said the following above.

e. Based on these figures:

The best Option strat is xxxx

The second best Option strat is xxxx

The worst Option strat is xxxxx

Thank you all for your kind help.
Derivman
 
Quote from atticus:

Time for yet another alias, Derivman/ateht/CYOF.
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This is not correct atticus. I have made some enemies already and I do not wan't any enemies so I will not report you to the mods. MTE has been kind enough to answer my question and I hope some more traders will find time to do so as well.
Derivman
 
Quote from Derivman:

This is not correct atticus. I have made some enemies already and I do not wan't any enemies so I will not report you to the mods. MTE has been kind enough to answer my question and I hope some more traders will find time to do so as well.
Derivman
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Thanks for you consideration. I suggest you choose another alias and build your post-count in unrelated-threads until you feel confident to troll in this forum.

Are you really as ignorant as you appear?
 
Maybe if I post what I am thinking of doing it will show you all that I am serious about this. I am thinking of opening a broker account with a reputable broker like Optionexpress, but I have to check if they do commodities. If not I can always use one of the big names like RJO Futures. I was thinking to start with maybe something along the lines of the following after determining the market levels as mentioned.

Buy To Open 10 contacts which are 3 or 4 months out ATM and then I can always roll them if it goes wrong on me. I will have plenty of cash in account so don't worry about that. I am only interested in learning what to do at the moment and I am prepared for some losses if they happen to me.

I have read about rolling on several other forums and it seems to be something that can be very beneficial in the Options market. Again any advice will be greatly appreciated.
Derivman
 
CYOF/Derivman: Your posts are off-topic and I'll be happy to hit complain. Time to give this sh!t a rest and massage your pathology in another thread. Nice touch to mention US brokers.

Seek life elsewhere. You're on ignore.
 
Quote from Derivman:

Maybe if I post what I am thinking of doing it will show you all that I am serious about this. I am thinking of opening a broker account with a reputable broker like Optionexpress, but I have to check if they do commodities. If not I can always use one of the big names like RJO Futures. I was thinking to start with maybe something along the lines of the following after determining the market levels as mentioned.

Buy To Open 10 contacts which are 3 or 4 months out ATM and then I can always roll them if it goes wrong on me. I will have plenty of cash in account so don't worry about that. I am only interested in learning what to do at the moment and I am prepared for some losses if they happen to me.

I have read about rolling on several other forums and it seems to be something that can be very beneficial in the Options market. Again any advice will be greatly appreciated.
Derivman
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Again my apologies for not paying attention as I should be, for I do not wan't to waste anyones time here. My opening trade will be Buy To Open 10 Long Calls which are 3 or 4 months out ATM.
Derivman
 
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