How to make a killing with options

Discussion in 'Options' started by Pekelo, Oct 1, 2017.

  1. 777

    777

    One way would be to get a job as a trader for Sesqhanna.

    You would not keep the spoils but you would learn the real ins and outs of trading and after a few years start making good money.

    Plus doors open for good Sesqhanna traders should after a number of years they move on.

    Caveat: Most people who apply will not be hired.
     
    Last edited: Oct 1, 2017
    #11     Oct 1, 2017
  2. Robert Morse

    Robert Morse Sponsor

    SIG is a great firm, but you have a better chance of getting into Harvard.
     
    #12     Oct 1, 2017
    777, Sig, Xela and 1 other person like this.
  3. ironchef

    ironchef

    :thumbsup::thumbsup::thumbsup:
    Hard to get that type of returns going short calls and short puts without leverage. Maybe Karen should have learned from you.
     
    #13     Oct 1, 2017
    JesseJamesFinn1 likes this.
  4. ajacobson

    ajacobson

    Live your dream and don't let anybody talk you out of it. Couple years of well documented risk adjusted returns and there will be plenty of opportunities.
     
    #14     Oct 1, 2017
  5. comagnum

    comagnum

    Trading in casino mode and a few get lucky. Problem is they always end up giving it back since the reckless nature of taking on way to much leverage always catches up to you. Better to have a real good risk mgmt plan - dreamers get slaughtered.. or was that pigs?
     
    Last edited: Oct 1, 2017
    #15     Oct 1, 2017
    iprome and vanzandt like this.
  6. Big options gains are made from simple directional plays. o_O -- not those weird, complex strategies or selling premium.

    Watch the movies Pelham 123 2009 and Hacker 2016. the ending perfectly sums up what I'm talking about.
    The numbers and results are greatly exaggerated, as with all movies -- but the point or lesson is there and made.
     
    #16     Oct 1, 2017
  7. DeltaRisk

    DeltaRisk

    Not exactly. Proper management will take care of it, along with becoming a professional. Everyone underestimates that a broker can and will change margin, not so with a clearing firm.
     
    #17     Oct 2, 2017
  8. bln

    bln

    Not for me, but I do not mind gambling with options for a tiny fraction of your portfolio. Like say you take 1% of your portfolio and then slice that up in 10 pieces of 0.10% so you are able to make ten very risky but high reward options trades during a year. That can boost annual returns if you are good at picking the right opportunities.
     
    #18     Oct 2, 2017
    iprome and Pekelo like this.
  9. cvds16

    cvds16

    guys, you obviously missing out on the drawdown if you are enthousiastic about this: it was over 50% ...
     
    #19     Oct 2, 2017
  10. sle

    sle

    They are probably one of the better "lower tier" firms, but by no means a gateway to success. Working for a market maker has a bunch of drawbacks, main one being that you are mostly learning how to make money using their (very good and fast) infrastructure.

    One would probably do better and learn more working directly for a PM at a top tier buyside shop (anything with 5+ yards AUM). The exposure is far more diverse and in a few years one can shoot for a PM position themselves
     
    #20     Oct 2, 2017
    Sig and cvds16 like this.