I didn't misinterpret your post. I wouldn't do it, nor would I recommend selling calls into a losing short put position, for the reasons mentioned. I don't need to defend Coach or anyone else. I don't recall Coach ever mentioning trading naked short gamma beyond an occasional small short straddle position. His vertical spread journal is indicative of his desire to remain bounded-risk. I don't have access to Coach's daily run, nor do you, so it's silly to imply he's being duplicitous.
you inexperienced? i hope you are kidding. you are sharper than razor. any 1 (not you of course) who grossly misinterprets/misunterstands, on purpose or due his/her ignorance, should be ....
my question was asking you your opinion on going delta neutral in the hypothetical event; never said you would do it! i know from past posts you will close the position mostly. i just thought some of these things are a possibility in your opinion. also i recall many times you said playing the futures short against a short put is a horrible idea for all the obvious reasons. no easy way it seems. i still think coach is less than honest with his high and mighty posts when he tries similar stuff daily from what i hear.
Hate to jump into this but: If one of your trading philosophies is maintaining a certain delta, even if neutral, then you do what you have to do to bring it in line, and an easy way to do it is sell calls near the money. You don't want to go to war with the tape and you get some nice juice. I do maintain a certain book delta so any trade that affects book delta is game. In the past year I sold uncovered calls to maintain a certain book delta and it saved my ass I tell ya. (though currently the rebalancing is in the form of a spread quite often). But that's just my way. This has be a good conversation, keep it up guys.
Now I was following it all up until now. But like I said, I've gone back and read a lot of old threads over the last couple of years. So I recognize old handles. Riskarb responding to Atticus, really is beyond my intellectual scope. I can't follow this anymore.
i happen the trade that way mostly with cl ops. the 40 vol and close to the money stuff seem to make my coin here. i will keep it as close to dn as possible. i had my ass saved with calls last ex. jeeze, jshinv....i am not riskarb! i am "riskBarb" it was a joke to recognize how f@#%ing important the real riskarb was to et. whoever atticus is; he seems to be almost as smart, but still falls short.
Well still too hard for me to follow. I am lost now. This is my last post on Are naked puts really this safe???? I'll be back on other threads. I'll never be able to make heads or tails out this from this point on. Seriously, on the question that initiated this thread, I think its been asked and answered more than once.
I thought it was obvious to everyone that riskarb was my previous handle. Perhaps I am missing the punch-line.
You admit you do not know what I trade cause it is what you "hear". You are also using aliases which shows you are being duplicitous (sp) yourself. So you know nothing of my trades except that I can tell you , you are wrong and even Atty confirmed it. Except for the occasional short straddle in limited numbers which I stated I NEVER sell naked options. SO nothing hypocrtical in my posts warning newbies against selling naked options at all. Even the most experienced short premium sellers will advise newbies against selling premium. Many more experienced traders than I would still not recommend naked options to newbies even if they do it themselves. It is not hypocrticial it is smart advice to a newbie.