Nor particularly correct either ... :)
Don't over-think it! Use B-S (or other) to model what will happen to your position if certain things happen (e.g. time passes, stock price...
Start by googling ... Then do some serious study before getting into options trading ... :)
The most important ... :)
IV collapses => sell
Price unchanged => OTM, both
Price changes => ATM, pick the opposite side of the move
PS: Don't rely on...
Although there are plenty of a..holes who don't know that their lack of punctuation and negligent orthography means their posts pass mostly unread...
I disagree with your "SB Rule", and with your interpretation of it to evaluate the ET forumites, without disagreeing that there are quite a few...
Cool ... :)
Van Tharp's Journey Down the Rabbit Hole
The fact the you and many others don't get it may show where are you located on various curves ... :)
What's your beef with Jack? Why do you care?
Do you have anything to show for yourself? You don't ... Otherwise you wouldn't waste your time with...
Jack, nice day to log, isn't it? ... :)
... 85. R.I.P.
Jack, I'm amazed by this combination: genial perception + confused expression ... :)
So ... Trade in anticipation: early PRV (e.g. 12 sec into the bar ?) and early bar sentiment. Use price as context. You can't see on this chart...
Don't forget the size of winners vs. the size of losers ... :)
Once you know the market open (e.g. 30 sec or 1 min after) place a limit order at that price. Almost always sooner or later, that day that price...
Cryptic ... :)
Sorry ... Knowledge is the holy grail! From Knowledge comes confidence, and from confidence comes discipline. Discipline without knowledge ... :)
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