Selling Options for passive income by Robert Kiyosaki

Discussion in 'Options' started by andy_p, Nov 11, 2023.

  1. Zwaen

    Zwaen

    But calenders / diagonals are themselves a form/part of butterfly, i mean you can mix it how you want to, there exists no 'rules'
    I myself also found some value in diagonals as addition for a strategy, but simple stuff like gamma/theta nothing very exotic

    (It is possible to swap the ratio and when theta approaches zero to get almost infinite gamma (joking))
     
    Last edited: Nov 29, 2023
    #141     Nov 29, 2023
  2. ironchef

    ironchef

    I am still going to give b-flies a shot but will take up your suggestion and also look at calendars and diagonals.
     
    #142     Nov 29, 2023
  3. taowave

    taowave

    Just out of curiosity, what do you like about flys??

    Is it a straight bet,I'm guessing you don't offset with shtock :)

     
    #143     Nov 29, 2023
    ironchef likes this.
  4. ironchef

    ironchef

    Thanks for asking sir.

    Good question. Because it would be great if I can learn butterfly and trade like @destriero. It is also fun for this old dog to learn a new trick.

    Yes, straight bet.
     
    #144     Nov 29, 2023
  5. ph1l

    ph1l

    Time for another bankruptcy?
    https://finance.yahoo.com/news/rich-dad-poor-dads-robert-193714809.html
     
    #145     Jan 2, 2024
  6. Sampas

    Sampas

    “If I go bust, the bank goes bust. Not my problem.”

    Nice. It seems, that threshold for 'too big to fail' is not that high :D.
     
    #146     Jan 4, 2024
  7. shMark

    shMark

    If you read books by Lawrence McMillan and Sheldon Natenberg, your head will spin. Tastytrade is great.
     
    #147     Jan 9, 2024
  8. ironchef

    ironchef

    In that case you shouldn't touch options.
    No. You forgot Karen the super trader on Tastytrade?
     
    Last edited: Jan 10, 2024
    #148     Jan 10, 2024
  9. shMark

    shMark

    I think people can be successful selling cash secured puts, and covered calls without getting into complicated multileg options with different expiration dates. It's like engineering, you can be a successful engineer, without being an expert in differential equations.
    I think people can be successful selling cash secured puts, and covered calls without getting into complicated multileg options with different expiration dates. It's like engineering, you can be a successful engineer, without being an expert in differential equations.
     
    #149     Jan 10, 2024
    ironchef likes this.
  10. ironchef

    ironchef

    I was too opinionated.

    Hope you are right and I wish you the best.
     
    #150     Jan 10, 2024