options trading volume sets new record (again)

Discussion in 'Options' started by Trader13, Jan 3, 2011.

  1. lindq

    lindq

    Abstinence

    (And as a new options trader, you don't have any business selling puts. One of the few strategies that can really knock you out of the game. If you feel you must, then trade very small and fully calculate your risk. You've been collecting premium during a major bull market. But when the market changes...which it will...those positions can really bite you.)
     
    #11     Jan 4, 2011
  2. Thanks for the advice. Definitely something to adhere to.
     
    #12     Jan 4, 2011
  3. lindq

    lindq

    Thanks for saying thanks. So seldom heard in these parts.
     
    #13     Jan 4, 2011
  4. rew

    rew

    Just keep in mind that we've been in a bull market for over 3 months. When the inevitable bear market comes you'll find yourself owning some of those stocks you're writing puts on. Make sure you'll be happy with that (and that you have the cash to buy).
     
    #14     Jan 4, 2011
  5. rew

    rew

    To each his own. I could never do anything but lose money on FX.
     
    #15     Jan 4, 2011
  6. cvds16

    cvds16

    it took me like 3 years to get somewhat consistant at this. I only recently started expandig it a bit ...
     
    #16     Jan 4, 2011
  7. naked puts ?


    You'r a new trader in Derivatives and your writing naked PUTS!

    Holy shit son. You better read Sheldon Natenbergs(Sp)"Option voaltility & pricing" .
     
    #17     Jan 4, 2011
  8. EPrado

    EPrado

    He's just following the likes of Victor Neiderhoffer. Hopefully he doesn't blow out (twice) like good ol Vic.
     
    #18     Jan 5, 2011