Agree on both counts. Very few option trades are fire and forget. I posted some counter points just to show sometimes the obvious may not be so obvious that Elite Traders who can successfully trade directional can certainly trade straddle successfully. Best wishes to you sir.
Dude, are you seriously saying that MY post is a troll post? This thread I mean? LOL, that is hilarious if so. I CLEARLY explained the whole logic behind it in my initial post and subsequent posts. I advise you to re-read my initial post and my subsequent posts to completely follow it. Its not that complicated, just complicated in a very minor way. Good luck with that.
"not a fire and forget trade".... LOL, like I said it wasn't in my INTIAL FREAKING POST on this thread???? You literally cannot make this shait up....
Sorry...didn't think you were THAT (manic caps lock) stupid. So you were SERIOUS (manic caps lock) about this? Not only are you short gamma and short vega. By diversifying short straddles (wtf) you're also short correlation meaning that when everything comes down and correlation shoots up to 1 you have one big super nuke in your account. KIDS...KIIIDS...LOOK AT THIS GUY, YEAH HIM (manic caps lock and fingerpointing)...BECAUSE OF HIM IB KEEPS INCREASING MARGINS! No, seriously...your proposal is just bat shit stupid. This stuff IS (manic caps lock) complicated and not in a minor way. In fact it's way over your head. EDIT: sorry, I forgot to use the manic question marks..????????????????
Every few years the market gets locked up or down and by the time the market opens back up your account is devastated.
And what sort of leverage would you disclose in your prospectus in order to attract capital in your Printing Money Hedge Fund?? You know,in order to acheive "ROI's of Hundreds Percents a year"..
There’s appears to be no shortage of clients chasing these kind of returns https://finance.yahoo.com/news/crypto-kid-had-23-000-120000170.html