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cactiman
Registered: Dec 2011
Posts: 962 |
09-01-12 05:56 AM
Quote from mr double:
there's millions like me and together we are the FORCE,you are no one with your slv and options(most likely freshmeat like in computer games) safety deposit box at your local bank 60-120$ a year,thats enough to move the price 2-3 times
I just read some of your quotes from other threads. Very uncool indeed.
So I figure either you're doing a Troll-Goof/Double Identity thing, or you're really mixed-up and in need of lots of therapy.
I'm no shrink, and don't care much for Trolls, so I'm just gonna hang up now. OK?
Bye.
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Don Bright
Bright Trading, LLC
Registered: Oct 2001
Posts: 11702 |
09-02-12 02:40 AM
Quote from cdcaveman:
i like the wizards books.. thats not clean cut when you say that.. if your 1x5 ratio backspread your net long options but still collecting credits.. funny thing is though. ever since i had less short vol trades in my book.. i have only lost money.. i'm fucking frustrated about it.. i've got a guy wiling to give me more money to trade even though i'm down 10 percent on his account.. i'll lose the frustration and stick with it to win in the long run..
Options trading is simply betting that you know more than all the experts in the world, with all the top tools and best information. You're betting on the next expiration's volatility movement. In the good old days, and still "ok" today, you can sell near term, but far outs, delta neutral, and roll over as the first expiry gets close, or let them go out worthless. The near terms go out worthless much of the time, but the 6 month or so far outs will hold some of their value, you sell the 1 month, then the 2 month etc. Won't work all the time, but not a bad way to play, if you insist on trading options. IMO.
Don
__________________
Don Bright (not an alias)
Bright Trading, LLC
http://www.stocktrading.com
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cdcaveman
Registered: Aug 2011
Posts: 3529 |
09-02-12 03:27 AM
Quote from Don Bright:
Options trading is simply betting that you know more than all the experts in the world, with all the top tools and best information. You're betting on the next expiration's volatility movement. In the good old days, and still "ok" today, you can sell near term, but far outs, delta neutral, and roll over as the first expiry gets close, or let them go out worthless. The near terms go out worthless much of the time, but the 6 month or so far outs will hold some of their value, you sell the 1 month, then the 2 month etc. Won't work all the time, but not a bad way to play, if you insist on trading options. IMO.
Don
I get the increase in gamma risk in front month options.. requires a lot more frequency of adjustment etc... but "if you insist on trading options". You act like they are yesterday's news... I guess you don't fancy them.. why is that.....
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Cereal
Registered: Dec 2010
Posts: 67 |
09-02-12 10:41 PM
Silver is nice but never forget that when it goes down it goes down hard, if not look at the charts for the last 1.5/2 years...I know, I was there.
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Don Bright
Bright Trading, LLC
Registered: Oct 2001
Posts: 11702 |
09-03-12 02:14 AM
Quote from cdcaveman:
I get the increase in gamma risk in front month options.. requires a lot more frequency of adjustment etc... but "if you insist on trading options". You act like they are yesterday's news... I guess you don't fancy them.. why is that.....
Oh, just because we did all the options stuff back in the 80's, not much money to be made from the pro's these days. All the stuff we did back then was done with 50 cent or full dollar edges, nothing like that now. Just partial pennies IMO.
Send me another PM with specific questions, and I'll be glad to answer. I really don't like bursting bubbles here on the forum.
Don
__________________
Don Bright (not an alias)
Bright Trading, LLC
http://www.stocktrading.com
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