Are options a waste of time and money? (pun intended)

My friend,trust me that some of what you say is somewhat accurate,but 90 percent is rubbish..

Put the time in,commit to your craft and backtest away...

Your path is not an easy one as it appears you are starting out with your cash, as opposed to OPM..

Take a trial to Orats,read read read,and change your atttude

 

Speaking of which, I wish that damned writer's strike would end already. Maher is a funny guy.

 

OK, so now we know you're effectively playing options like binaries. You lambast people who don't use options "the way they are intended", by incorporating them with the underlying.

So what does trading a 0DTE have fuck-all to do with the underlying?

Trading daily expiries is not utilizing options "the way they are intended".

 

Is that why his show is on break? Had no idea. Thought he moved to the internet for good.

 

Nope, all late-night comedy has suffered from the strike. He's still on HBO.

 

EW already has backtesting built in so no point.

 

Uh late night comedy has suffered exactly ZERO for the strike...didn't even know there was a strike or that he was funny. Must be an American thing.

 

The OP wants someone to tell him how to make money trading options.
Since it ain't gonna happens, he'll say that no one can, hence it's impossible.

 

If you read my first post I didn't take any position...just analyzed that with the numbers everything other than 0-3 DTE's (with RISK MANAGEMENT) is a fools errand. I have then gone on to back up my claim and am still waiting to be proven wrong by an example. I am a big proponent of using options in tandem with the underlying as they were intended.

 

No. I want someone to give me an example where longer term options strategies can have a better risk reward than 0-3 DTEs.