Mark Brown doesn't understand that it is about price not premium. Neiderhoffer went bust selling PREMIUM at 0.2c and exploded to price of $38.00....
stay away from *tail risk* selling.
He deleted his posts and account. I don’t see them anymore. I wonder if he deleted after he saw your comment. When you were browsing did you see...
1) How much do you generally gain? 2) What is holding period? 3) How do you currently manage losses? 4) What’s your biggest loss?
Gold.
Attempting to protect those who pass by. Convincing him isn’t the goal. I feel rude and guilty talking and calling out but I must because his...
You don't hear about the losers in option selling business... survivorship bias.
Long tail options are not comparable to lotto tickets. Lottery tickets have 1) known odds 2) known payoffs; long options & naked options do not...
The fools are tail risk sellers, Mark Brown does not understand options.
Interactive Brokers has a 24 hour chat service you can use for assistance in Interactive Broker-specific questions and 24 hour weekday phone...
Read Nassim Taleb books, start with Black Swan and then come back and message me. And read it tonight.
It can be very expensive to try to convince the markets you are right. Ed Seykota
General oversimplified pro tip: Any strategy entailing consistent/predictable profits is subject to a blowup somewhere, maybe unseen. You need...
Another option would be buying insurance(puts, deep deep puts). Oversimplified opinion but a consideration to be had.
Below are relevant clickable links with more detail: Long Diagonal Spread with Calls Long Diagonal Spread with Puts Short Diagonal Spread with...
By the nature of your question, it seems you have a spread. With that being said, it is up to you if you want a stop-loss in place or not....
As far as I'm concerned you'll need to post initial margin at execution and maintain maintenance margin in your account throughout the life of the...
What is the price of the underlying? Can you give me the ticker? Thanks. FYI: The way you have your diagonal setup will require more margin...
Is this a naked spread?
I generally deal in equity options but let me elaborate further for you. An option buyer has the right (but not the obligation) to exercise...
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