Lie number ONE, you made the title and you lying about what you wrote. LIE number TWO, you wrote the system therefore coninution of first lie or new lie The title says "System that guarantees at least 180%", does not say we have to involve any math, give them the system that make 180% and when they don't get 180% cause you optimized something that doesn't work and you hounding everyone to fix it. You going to pay everyone for it not making 180%, that is only fair since you BIG MOUTH advertises to the world that it can, then to star PMing me cause you can't understand English. Oh not, you can't change the boats in mid river, you have to pay everyone for not making 180%, only fair STARTING WITH YOU TO GET OTHER PEOPLE TO FIX YOUR CRAP, AND I USE THE WORD SYSTEM LIGHTLY, NO ONE NEEDS TO DO ANYTHING CAUSE YOUR BIG MONTH SAYS IT DOES 180% RETURN. YOU CAN'T SELL A CAR WHEN IT IS A LEMON AND YOU CAN'T MAKE TITLES THAT SAY IT DOES 180% Everyone can optimize anything and find right parameters to make oddles of money you will never make because the bell curve is not going to be a bell curve, and if you are not educated in knowing about the bell curve or "Normal Distribution" and parameters of back tested systems it will show you about variance of parameters has to be around "best" parameter and if it not, then you know much. You guys are just making it easy to fix his crap.
I don't know what is worse, douchepro's diarrhea or the people here continuing to feed him the chipotle ha ha... A man who says he has no funds to trade has designed a system in Disneyfuckingland that is basically a covered call program (imagine a child pulling his pants down and claiming he discoverd the penis...a really tiny mentally challenged penis)...congratulations you reached your hand in the toilet and discovered shit and claim to be the first one to have given it birth while the rest of us are laughing with clean hands as you rub it all over the walls like an extra from Oz. Only on Elitetrader can some one who claims to not trade at all due to lack of funds and a ball sack be allowed to shit all over the place with chunky runs of post-Indian/Mexican food quality diarrhea without moving it to Shit Shat. Congrats ET, you have made this site officially as shitty as a Sumo wrestlers ass crack floss on training day.
My apologies botpro, I laughed real hard at this. You've gotta admit, it's hilarious. But please don't let jealous haters interrupt your flow.
I'm currently researching and trying to find a solution to the "overnight gap problem". It is only that part of the system that is the weak-point. But I'm afraid this won't be easy. So, if others have any ideas on how to improve that aspect of the system pls post your ideas. Thx.
The mods should undertake something against these idiots whose only goal seems to kill all useful threads. I just wonder what their real motivation for their such hateful and destructive actions might be... They surely fear something... I guess they don't like that people know the truth and get the right tools... The cabal?...
That stupid idi*t HandleXXX should re-read the initial postings of the thread. The 180+% guarantee is a given fact. So I don't understand why this id*ot still yells like a slaughtered p*g! Hey man, just don't use the system --> problem solved! Do you lack even that much intelligence, man? I would say you should not participate in any of my threads anymore, as well your buddy that samuel-guy... Such guys like you are IMO useless destructive trash!
Stay the course botpro. Don't let those Negative Nellies ruin your quest, they are envious of your success.
Here's the latest update (v1.4) of the text, also available as a txt file Regarding the hedging mechanism for the combo-system (sys15): I already provided some info about it in posting #89. A full documentation of it will be in the next version of the text. Code: Hedged options selling system sys14 (and the combo-system sys15) AN OPTIONS SELLING SYSTEM THAT GIVES A GUARANTEED PROFIT OF 201% PER YEAR Author : botpro at www.elitetrader.com History: 2016-04-18-Mo v1.4 It works also with American style options 2016-04-17-Su v1.3 Added optional Extension #1 (s. end of the text) 2016-04-17-Su v1.2 Fixed PnL to 201% p.a. 2016-04-17-Su v1.1 Fixed PnL to 218% p.a. 2016-04-17-Su v1.0 Initial version: PnL=187% p.a. Intro: This is an options selling system with a special hedging mechanism (called "entry-level hedging"). If applied correctly in the market, then it is a zero-risk system. It can be used for all options regardless of the option style (American or European). PnL is dependent on the ATM premium: the higher the premium the higher the PnL. The basic system uses a short Call (can also be a short Put, but then hedging rules have to be reversed). The combo-system (sys15) uses a short Call and a short Put together (but uses just one stock position for both!). The example uses a 40% volatile stock; then the PnL is about 201% p.a. for sys14 and 658% p.a. for sys15. It is the special hedging mechanism that makes it all possible. Beware: - The example below uses for simplicity just the minimum 1 contract, but in practice one would need a PDT-account with at least $25k. - When testing this system use a cheap stock commission rate like that of the broker IB ($0.005 per share, minimum $1). Rules of the options selling system sys14 with "entry-level hedging": 1) The system consist of 2 parts: 1.1) sell a call option, and 1.2) go long the stock 2) The option position is normally kept till expiration (but a possible early assignment is ok with this system) 3) entry-level hedging (not delta-hedging) for sys14: 3.1) if stockprice drops below the initial entry price then close the stock position immediately 3.2) if stockprice crosses over from below the initial entry price then re-open the stock position immediately In practice one would use two bands (for example +10 cents and -10 cents) around the entry price to avoid too many hedging trades. (FYI: The hedging mechanism for sys15 is a little bit complicated and tricky; in the next version it will be documented) Example: assuming InitialStockPrice=100, HistoricalStockVolatility=40%, using monthly options (ie. Expiration=21 business days) Selling 1 Call: Spot=100.00 Strike=100.00 ExpDays=21 HoldDays=21 EarningsYield=0.00% DividendYield=0.00% StockVolatility=40.00% --> Call=4.60 Put=4.60 Going long 100 shares of the stock: Spot=$100.00 --> CapitalNeeded=$10,000 At expiration date: Regardless what the CurrentStockPrice or the CurrentVolatility is: we will keep the credit fully. The stock position serves us only to hedge our option position; it is not intended for making additional profits. Profit: We use the usual 2:1 overnight margin of the broker. So we have a leverage factor of 2. Meaning: of the $10,000 only half of it minus credit / 2 is our own investment (this is the basis for the PnL calcs). CreditReceived = $4.60 * 100 = $460 StockPos = $100.00 * 100 = $10,000 UserPart = $10,000 / 2 - $460 / 2 = $4770 (this is the basis for the PnL calcs) MonthlyPnL = $460 / $4770 * 100 = 9.64% AnnualPnL = ((1 + 9.64/100)^12 - 1) * 100 = 201.73% From these numbers the commissions paid and the interest for the margin has to be subtracted. Remarks: - It's up to you to apply this system in the market(s). - To get the hedging correct, one would need to monitor and if necessary trade the stock nearly 24/7 by using multiple exchanges around the globe. Ie. by this, one has to eliminate any overnight gaps in the stock price. - If applied correctly then the given guarantee holds, ie. 201% profit per year. - Using more volatile stocks and/or a shorter timeframe than the above used 1 month will give even more profit. - Regarding margin: you have to do the math to get the 2:1 margin. Ie. in this case you would initially keep only $5000-$460/2=$4770 plus commission in your account. The broker grants you 2:1 overnight margin (or 4:1 intraday margin). - The system is freely scalable to any investment amount. But the stock position should not be too big because it must be easily closable and re-openable; I would say the stock position should not be more than $50k. - For big money one would use multiples of such constructs, but then one should of course use different stocks. The following extension(s) are optional: -------------------------------------- Extension #1: Profit booster: How to make more than 8000% per year with this system: The smaller your own part of the invested total money is, the more the profit% will make up: Example: - let's say your own money is $1000 - borrow the rest ($3770) cheaply from friends or take a 1 month loan - let's assume you have to pay 1% interest for the 1 month loan, ie. $37.70 Now, your basis for the PnL calcs is your own $1000 plus the interest for the loan = $1037.70: MonthlyPnL = 460 / 1037.70 * 100 = 44.3288% AnnualPnL = ((1 + 44.3288/100)^12 - 1) * 100 = 8070.26% Since compounding gets used, each month the above absolute numbers would of course change, but the relations (ie. the percentages) would stay the same. --- end of text ---
This sh1t just keeps getting better... Just when I thought we've reached the limit of awesomeness, botpro surprises again!