Pure bs. The stupidity of making such claims is pretty obvious to anybody who is highly educated and experienced in this field. Atticus and I have expertise in our OWN areas of options trading. They are CLEARLY different areas. The most recent comments from the peanut gallery only illustrate the lack of experience some others have in EITHER area. If you were experienced, you'd know they are different areas of expertise. The most successful trades in the options area are directional in nature. The most reliable options trades are more exotic in nature. NEITHER is right or wrong, every trade has unique characteristics. Risk and reward.
If you were truly interested in profitable options trading, you'd listen to BOTH of us and decide what kind of options trading is your interest. Look, I can tell you without a doubt that there is an incredible amount of stock manipulation out there. Monthly options expiry is a hotbed for such activity. This is information that can save a trader a lot of money. However, it seems it is often impossible to present this information to some audiences. I can accept this reality. Can you ? Why are you on this thread putting up these argumentative ideas in the Feedback section ? Feedback is for the Site Owners.
What's your area of expertise in options trading? Do understand losing money isnt considered a valued expertise.
From what he's saying, it appears to be directional bets using long calls / puts, and other combinations. This is a very interesting area of speculation used by a few subscription services out there. I played with it for a couple years. Nice thing is you don't need a stop, if you can control your position size; also it is great for pyramiding into a position as you are accumulating on decaying volatility. Then the position pops out of consolidation and you double your money in a few days, sometimes much more if you can hang on. I haven't perfected the exit strategy other than selling after a huge candle when volatility is at its peak. Of course you can also lose your stake. Many many possibilities here! It's a very cool tactic, but I still haven't mastered it after 2 years of goofing off.
He arena of expertise is in thinking he knows more than everyone else while getting the mechanics of delta hedging wrong.
Your options knowledge begins and ends with Wade Cook. You simply tout stocks at the highs, disappear when they drop, then re-appear if/when they make a run back to the highs. Atticus has noticed the same pattern. Of course, you started this whole bullshit thread when the market was dropping and didn't want any evidence of all the busted calls that you had made up until that point.