Ur right Pekelo they are completly unrelated. Don't let the SEC investigation or her $100 mill in losses that was described as "Catastrophic" by the SEC affect anything to do with this thread. We'll just focus on the warm and fuzzy returns that we landed this month
I think you should stop deluding yourself, really... It's all the same strategy, which has a variety of names, e.g. "picking pennies in front of a steamroller", "eating like a bird, sh1tting like an elephant", etc etc etc. How many extra puts or calls you be selling hardly matters, in the grand scheme of things.
Well so other people don't fall into the same fate of Karen. Kind of like lemmings, one lemming falls off a cliff and the rest of the lemmings following that lemming are destined to that fate as well. Unless there is intervention.
I am glad we agree. By the way I didn't say completely, but they are related like me owning a Humvee, not having insurance on it and committing involuntary manslaughter with it.One might lead to the other, but they don't have to, that is the point. And you wondering about thread closing is just naive...
Suppose the SEC are Naive to if they close down Karen's trading operations. If they shut her down then this thread should follow suit and shut down as well.
CBC, do yourself a favor and stop following this thread. Thus, it will be shut down in your own little world. Now get off my thread and go make your losing trade for the day!
Zion, I would buy the position back at $3 which would give me a total loss of $2 since I sold the options for $1. Right after I sell a position, I enter two closing orders, one cancels the other. The first will close the position at a 50% profit. The other will close at a loss equal to two times the credit received. Thanks for your question. Bobby
At various places within the thread there is a link to my spreadsheet. I update it daily. Let me know if you can't find it.