[Question in thread title.] What system do they/you use? (Assuming you're willing to spill the beans, heh.) Call or put? Selling or buying? An easy "system" or does it involve much complexity? What would you/they credit your/their returns to? Yes, I'm a noob, obviously.
Just21 - Eh, "either," I guess (I assume that would be only possible with margin). Just as long as you're making 100%+ returns per year, over many years.
Everything exists. Mostly ridiculous questions like this exist, but Im sure there are players that have done that and even better.
I have no doubts many made -100% of account with options. I bet a few of the volatility sellers felt quite a bit of pain today with VIX jumping almost 50% in a day.
Take a look of today's volatility options, like SPX, SPY, VXX, VIX futures, etc.. I hope you will have a beginning of an answer. Keep in mind that 100% on large accounts constantly or not, is just not advisable. Actually, any monthly or yearly profit goal will not make someone rich.
You make the 100% or whatever it is, a little at a time, not risking the whole thing at once. 2% a week is 100%. And 2% if you're good , is doable. Not easy , doable. Actually trying to find intelligent life on the internet is much harder.
I would worry about, first, your ability (or lack thereof) to predict and manage and trade the underlying Because that's what options are all about. If you're aiming for 100%...you will have to be a basic, directional, call and put buyer. Weeklies are volatile -- and that's what you want. Longer term options are tamer, or don't move. Good luck, and may the farce be with you,
Two percent a week compounded is 180% a year, not 100%. Apparently finding intelligent life is even harder on this forum.