Options have a -EV even if there are no commissions and regardless of the B/A spread. Those factors only increase the amount of -EV.
MasterAtWork: 1- I never mentioned delta as a probability, although the delta is usually very close to the calculated natural state...
<b>The Answer To The Problem Revealed...</b> Yes there is a solution to the problem. I have detailed the answer and provided some additional...
You are correct that it doesn't have an inherent edge, it has an inherent DISadvantage. Every option position has a negative EV (effective value)...
Yes... it is obvious you didn't read the entire post.
traderlux: I have posted an honest and legitimate problem for which I seek a possible solution. You're inability to address the problem is not...
James: You make an excellent point. At the same time, the market quantifies future expected behavior based on past behavior. Pricing is set...
I don't think I'm defensive and sorry if you take it that way. I am simply responding. One person says to find a reason to pick a direction, so...
Thanks for your input. I have to disagree with you however. Please understand, I'm not trying to be argumentative, but this is a serious...
I appreciate the reply and this may be a good discussion, but you're wrong on your points. Let me address each issue: 1) An Iron Condor is a...
Are options a "bad bet" long term? My math indicates they are and I'm truly hoping someone can meet the challenge and PROVE me wrong. Long...
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