I think at this point this thread is about to descend into the usual semantics and pedantics often espoused by those who do not want to venture...
Oh I see, you're referring to a spread. I was referring to a naked position without a long strike. Even so, if you profit 8 out of 10 times with...
ATM gamma is far greater than OTM gamma, so would mind clarifying what you mean by the zero gamma comment? Thanks in advance, my friend.
Without setting a maximum loss criteria, you could incur insurmountable losses during large selloffs.
Pardon my interruption gentlemen and thank you for this insightful discussion, especially Maverick74. Trading options appears to be an exercise...
Selling covered calls can reduce cost basis of the ETF positions, however, the probabilities of shares being called away are real. Trading...
How levered was your portfolio? Were you using almost all of your available margin to hold your positions?
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