Losing is part of winning, so it is not something i worry about. If i worried about losing i would not make a dime, ever. You can change the name to comparison but i think you understand my point that a pure competition with people worthy of competing is impossible. People take their setup to the grave. It's impossible for me to compete b/c then you get to see how i and everyone else trades. But i welcome your openness and good spirit. Please don't misconstrue my post as a direct or personal attack. It's just a trader ranting on. I pay attention to your trades and you are a good individual to spend time here.
Losing is part of winning, so it is not something i worry about. If i worried about losing i would not make a dime, ever. You can change the name to comparison but i think you understand my point that a pure competition with people worthy of competing is impossible. People take their setup to the grave. It's impossible for me to compete b/c then you get to see how i and everyone else trades. But i welcome your openness and good spirit. Please don't misconstrue my post as a direct or personal attack. It's just a trader ranting on. I pay attention to your trades and you are a good individual to spend time here. I understand your point but if you take part in the Comparison, you don't need to reveal any of your trade. You can just come at the end of the month and say hey I got 4.3% this month or I lost 2% this month without saying anything more.
I tried to sell some naked PUTs for TXN 27.5 for Jan 2006 @0.2 today but I didn't because cnms2's reprimanding face who was warning me of not getting too loose was in front of me
I'll never understand the motivation to sell nickels and dimes. There is no cheaper gamma to be sold than selling dimes on a tech stock. Sell the atm straddle if you're intent on selling premium. Always sell downside/upside(slope).
I'll never understand the motivation to sell nickels and dimes. There is no cheaper gamma to be sold than selling dimes on a tech stock. Sell the atm straddle if you're intent on selling premium. Always sell downside/upside(slope). Thanks for the feedback. Give me a trade example with a low risk as selling TXN PUT 27.5 Jan with higher return that does not involve with nickles and dimes. The trade does not need to be your real trade. It can be a pure example and for educational purpose. TXN should go down 20% in 8 weeks to go below 27.5 and I will be happy if I get 6% a month. I have also sold TXN 35 Call for 0.25 so even if bad thing happens I will be burned by one side and the other side will expire worthless. For two months I sold PUT and Call for Xilinx 27.5 and on expiry date it just closed at 27.5 and I got very good money. I got spoiled and did the same trade the third month and I got burnt by the PUT side. So I prefer to get nickel and dime (6% a month) than getting big bucks involving big risk.
It takes only one bad trade to wipe out all those nickels and dimes, and that will happen sooner than later.
Forget it... if you think that selling $.20 premium is low risk then anything I'd offer would be a wasted-effort. Good luck.
I assume the other side is a short sell for 0.25? If TXN swings $10.00+ in AH (it does happen) then you are in big trouble, not worth the 0.50 credit.
Riskarb: I have great respect for your experience. I also know you make your money selling options involving sophisticated strategies. (at least to me) I have never sold an option, nor do I ever plan to do so. Question: In your experience, have all options net buyers you have met, been unsuccessful in the long run? It would appear, Multi has been successful for a number of years. Any comments ? Thanks !
I don't think so. He claims to be successful but his trades were GAMBLING and RECKLESS. I doubt he will be back.