put_ master's posts are before Dan's "unable" fiasco - timestamp 08-07-12 02:12 PM. http://www.elitetrader.com/vb/showthread.php?s=&threadid=225849&perpage=6&pagenumber=44 Click on some previous pages.
That's not what you posted before. You CLEARLY stated "I stopped reading it after Dan's "unable" fiasco", indicating you indeed have been reading the thread. You also commented on the UGA trade within 4 posts - less than 24 hours - of it being posted, that's an indication of you actively reading the thread.
Atticus: "Let me elaborate. I have read very little of the thread as selling garbage puts is of no interest." It's interesting how one chooses words to imply emotionally something that is prima-facie idiotic. 'Garbage puts' If they are garbage then they are worthless... and if I can get somebody to pay me for them that's pretty clever. But if you say it with an implied sneer (Atticus's stock and trade) it seems to say that the seller is somehow a 'garbage man' for selling them. Certainly I wouldn't want to sell puts that were very valuable...since that would by definition put me in inordinant danger of having to pay on them. If you are going to sell puts sell garbage puts by all means.
No, you're remedial. I qualified it clearly by stating I have read "very little" of the thread. I have read a little of the thread. Obviously I've read some... as I have posted to the thread on a couple of occasions. So proof would not be terribly hard to find. You're clearly not all there. I can't imagine the motivation or excuse one would come up with to deny reading the entire thread, unless they had not.
This kind of bickering can go on forever 'remedial' Hmm the kind of word an ultimate snidist like Atticus would have readily available. def: Snidist A person who relies on being snide to make points on otherwise meaningless statements.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=225849&perpage=6&pagenumber=44 Scroll to the bottom.
Dan knows I'm NOT giving him a hard time on his CONSERVATIVE OPTION TRADE thread because of his methodology Lots of folks here trade spreads of various kinds. You don't see me harrassing anyone else do you? I trade spreads myself. Got one on my $45 NFLX. I even recommend spreads, if you are going to trade stocks that are excessively volatile, over priced, lacking tech supportand, and are financially unstable pieces of crap,.... but pay a great credit. Not to mention, if that stock above has an earning report pending before your contract expires. Spreads can be a great investment tool. As I've stated before, I give Dan a hard time, because he calls his thread CONSERVATION OPTION TRADES, and then promotes his trades as conservative. But then refuses to discuss or answer questions about those trades. The biggest discussion he has with traders is telling them they are being put on ignore by him. Novice investors who see that misleading "conservative" lable may be tempted to consider those trades. They don't realize they are NOT conservative trades: His strikes mostly range from $30 - $70, so they are "massively leveraged". They are mostly trading near multi year highs. A conservative trade would be to invest BEFORE they had a massive run up. The stocks are trading no where near any kind of tech support. The strike gaps are mostly wide, so they won't be as much help in neutralizing a spike in VIX and IV from a market and stock drop,... as a more narrow 1 - 2 strike gap would be, if he wanted to close a deteriorating trade. His contracts generally run 5 - 7 months, so if he did want to close a deteriorating trade early, he gets no theta benefit. He states that his trades have a 94 - 98% probability of being successful. And he knows this by using a meaningless "generic" prob calc on those LONG TERM TRADES, that just had a fantastic run up, and are tradiing closer to upside resistance than downside tech support. He selects deep OTM strikes, but they are an "illusion". Because if his stocks got even close to them before closing down the trade, half his money would be wiped out. Because of the high strikes and subsequent massive margin leverage in the area of 10:1 or more, he can NEVER consider buying 90 - 95% of his trades. They must be shut down for a loss. Is this an example of a CONSERVATIVE OPTION TRADE??? I don't care if he or anyone else does these type trades. But don't label your thread composed of massively margined trades, that already had a fantastic run up as CONSERVATIVE. Trades which don't earn any theta benefit, are trading no where near tech support, while using strikes that are an illusion, and brag about the trades having a 97% probability of being successful! THAT IS NOT CONSERVATIVE! I give him a hard time because of the lable of his thread. NOT because he does spreads. He knows this. And yet he continues trying to deceive novice investors who may come here and be misled and tempted to initiate a similar so-called 97% probability trade. I again request you change the name of your thread, to something that better reflects the nature of your trades. Do that and you won't hear from me anymore.