delta trader

Discussion in 'Options' started by emjroll, Jan 24, 2006.

Delta neutral or market speculator?

  1. Delta neutral

    5 vote(s)
  2. Market direction

    7 vote(s)
  1. emjroll


    Are most options traders here trading vol (staying delta neutral) or speculating on market direction?
  2. Buy1Sell2


    I generally am directional. I sell options but try to have a good idea where the next move will be.
  3. The more successful tend to trade vol, gamma and directional. Not to start an argument, but DN is a fallacy.
  4. Buy1Sell2


    What I do to be successful is to use directional analysis to determine market peaks and troughs. At that time option premiums are generally the highest and so I collect out of the money premium. Surely, with directional analysis , I can just trade the underlying and forget about options, but this allows me more leeway in terms of defensive strategy. I do trade the underlying as well if it makes sense by the way.