Don't waste your time, I showed him an example where he lost more yet somehow he declared his point proven. I have a feeling he doesn't really...
I lost a lot less than you did on the 1950 call because it was hedged, so in fact the spread I posted proved that point exactly. YThe reality is...
We will just agree to disagree. Keep buying those OTM options.:)
Wow, pretty twisted logic there. First you aren't getting .10 for that option and I am not closing it for 0 so let's just say they both go out...
I saw your age and wanted to share my cautionary tale. When I was in my mid-20's I got married to a woman who had a lot better handle on money...
Now that I can do! :)
So based on your prices I am already ahead $140 per single unit, awesome.
You are spot on. No one will disagree that the p&l on a one way move isn't better with the naked but it is all about probability of success over...
Alright, that's all these drawers can take. Hopefully you will add some insurance/hedges next time so we don't have to resort to these desperate...
Let's make it Friday expiration, no sense in dragging it out. SPX buy 1950 sell 1955 call for 1.40 SPX buy 1950 call for 2.8
Maybe I am confused with what you are saying. Let's say I buy a vertical with the long atm and the short otm, and you buy either an atm or otm...
Well you won't get any arguments from me. I need somebody to buy the options I am selling.
Simplest/riskiest is selling a straddle. Besides that you can trade a butterfly which is the straddle plus long options to reduce risk. I still...
Jeff Augen has some good material on expiration plays in his books. I believe some of his techniques revolve around sideways movement/pinning to...
Your kidding right? 90% of the time, really? How about compare a debit spread to a long position and then model it out to expiration and tell...
If you want to pick a direction why not a vertical? Buy a call and sell a call further out (or puts). There are all types of combinations that...
Just know that I am sharing your discomfort.
That counts as a down day right?
My post was referring to an earlier post regarding my ongoing efforts to bring the market down for gamblingman. Who cares if she is hot, she gets...
Either it goes down tomorrow or I am a single man.
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