I second @BlueWaterSailor , don't wanna discourage learning but this is not the way to go. There's two ways to go if you are serious, otherwise do continue with "look mummy what I drew in kindergarten today!". Some nicer guys will give you a mercy "aww, so nice Tommy, keep up the good work" but guys like @MrMuppet who from what I recall are quite handy with quant-level math, don't have the patience and the character to give you a fake complaisance. So here they are: 1) Scrap your pockets for $16,000 and take this course: https://www.cqf.com/about-cqf/financing-cqf/fees It shows that you both have the mental capability to understand options and the lavish money to frame it on the wall (the certificate you receive). 2) If you only got the brains but don't swim around in money, learn it the proper way. Scrap your pockets for 60 bucks and buy this: . Read the material on futures and forwards then on options, Black-Scholes model and replication of option payoff through delta hedging. Since you're at it, read afterwards the chapter on variance swaps and replication of volatility. After you complete this AND UNDERSTAND IT, you're minimally ready to move on to actually attempting to trade some options and ask questions about it without sounding overly pathetic. But my bet is you'll continue to f*ck around because you either can't (99% probability) or just won't do what it takes to understand derivatives properly.
@Aquarians, same to you: of course everybody can have his/her/its own opinion, so thanks as well for yours... Have I unintentionally maybe stirred up a hornets' nest? Why are some people suddenly so uncomfortable seeing this innocent table? I just wonder.... It seems I've posted some very dangerous information... Maybe even National Security related --> the CIA or NSA is knocking at my door...
@earth_imperator : consider posting the same content on https://forum.wilmott.com/ , you would not do that, right? Why? Because that's got a high-bar entry reserved for professionals or at least highly educated amateurs. What you're circulating here relative to options looks something like this: Cute ... if you were a 5 years old. Again, when you're a kid and produce such a "work of art" people say to you "oh Tommy, you are soo talented". But as adults people are expected to have more self-awareness.
Thx, man, thx! In the past I indeed had tried to get to the Wilmott site, but somehow it didn't work. I think they accept only some select ones, maybe even only "chosen" ones...
I sold 4 straight Put positions that expired worthless this week. AAPL, LCID, OXY and TSLA. What do I win?
That's actually a charming, cute, warm, funny drawing/painting. Compared to a stuffy, pretentious, fake, anal, Picasso or anything else you'd see in a major museum with snobs walking around. There's beauty, and depth, and profoundness in simplicity....applies to trading too, Don't feel you have to think, act, look and behave in such a standard, cliche, stereotypical, traditional, way to what everyone else is doing and thinking,
If this was a skiing group... You: "Hey, all - I've discovered a new way to ski! Just tie a rope around your neck, swallow some broken glass and razor blades, and jump off the nearest cliff - it's lots of fun, and a great shortcut for those who are just learning!!!" Other people: "I'd suggest not doing it that way. Please stop misleading other new skiers." You: "HAAAAAALP!!! It's a cONspIrACy to smother my creativity and brilliance, and prevent others from finding out about this NEW, SECRET way to riches, joy, and world peace!!!" Other people: "[sigh] Good luck with all that."
You didn't use his Amazing, World-Changing Table - so you win nothing. In fact, you'll have to return all the premium you've collected... don't make us send Jules and Vincent after you.