How many options strategies should you realistically master?

Discussion in 'Options' started by turkeyneck, Apr 26, 2023.

  1. FTSE has sufficient liquidity for me, I like the trading hours and trading in £sterling.
     
    #41     May 1, 2023
    newwurldmn likes this.
  2. newwurldmn

    newwurldmn

    makes sense. Perhaps at institutional size it was basically by appointment.
     
    #42     May 1, 2023
  3. I've only ever been retail -most of my life I made music for a living. I would love to have spent a week in a trading room with some 'pro's' . 23 years of real trades and I'm still here, making the same dumb mistakes.
     
    #43     May 1, 2023
    taowave and Zwaen like this.
  4. newwurldmn

    newwurldmn

    we are all making the same dumb mistakes.
     
    #44     May 1, 2023
    Windlesham1, taowave and Zwaen like this.
  5. Bekim

    Bekim

    I have 2 strategies that I trade but I am always looking for new strategies to add.
     
    #45     May 8, 2023
  6. mervyn

    mervyn

    calls and puts, got you.
     
    #46     May 8, 2023
  7. newwurldmn

    newwurldmn

    buy and sell.
     
    #47     May 8, 2023
  8. The only 3 strategies available are delta, theta, and vega. Throw in long vs. short and many basic structures are available.
     
    #48     May 12, 2023
  9. newwurldmn

    newwurldmn

    those aren’t strategies.

    I personally think odometers are the best cars.
     
    #49     May 12, 2023
    taowave and destriero like this.
  10. Those are the main trading/investing profit seeking "strategies" (iow root causes and sources of PnL). Iron condor, strangle, etcc are somewhat meaningful structure descriptions but don't really describe an actual tickers or trading PnL "strategy". Specific greeks e.g. amount of delta and relations between them (e.g. long delta with low vega) better describe a trading PnL "strategy". Using an odometer is a great strategy if your goal is to win a speed race. I think you understand this and its just a pet peeve of mine that "strategy" is often used very incompletely and un-defined.
     
    #50     May 12, 2023