I don't buy them hoping they work out. I buy them for the exact reason dmo points out. Was just looking for a clarification of a typo.
I'm just asking because it looks like a typo in the original post. Buying premium in the wings. Long the wings.
you mean buying in the wings?
It *sounded* like I caused confusion. I'm not in the industry but I'll remember your recommendation. Thanks
The tidbit about the otm put purchase was just to illustrate how I brought my leverage in slightly (the Number), the fact they are half price on a...
I still don't know what inconsistencies to which you refer. You found a few typos but what else was there? Look, we couldn't get past the basic...
Fair enough. I know it will take time. I'm not expecting anything in the near future. Perhaps take a second every month a check on my progress....
Atticus, you truly crack me up. If you can't understand the beginnings of this trading strategy, well, ...I can't dumb it down any further....
Atticus Junior, err, I mean xflat, your silence is deafening.
Phil, we just diagree philosophically on this minor point. From my previous post it is easy to calculate absolute return. It is my contention...
I don't calculate it that way, it would be misleading as you're alluding to. I am neither negative for 12mos nor ytd. Put another way, IF this...
How do you mean? I'm not negative...
IF I were to compare in like units, the SP500 right now is 1275.35. Using THAT measure my book is 1697.11 That's from Aug 14/07 to this moment,...
Which part is causing you confusion?
I don't I have EVER said that I am up over 35% in the period. I have always stated my return compared to the SPX. It's part of my philosophy...
I NEVER said those strategies were no good. You can't dichotomize them into good/no-good. They are just TOOLS. There is no edge to ANY of them....
Selling call premium has saved my ass the past year. I have 4 types of positions, all on the SPY: long calls, short calls, long puts, short...
Isn't gamma a measure of how delta changes when the underlying changes in price? It would seem misleading to say my book currently has a gamma of...
I'm not referring to the return of GE, I am talking the daily standard deviation compared to the SPX. No, I'm not down 30% but I think I have to...
There are a number of reasons for options. 1. allows for much easier tweaking - as I mentioned earlier I manage my leverage from .75 to 2.0, and...
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