Strategy risk vs overall risk mandate

Discussion in 'Risk Management' started by bln, Mar 1, 2024.

  1. #31     Mar 3, 2024
  2. Quanto

    Quanto

    For which type of trading assets? Stocks? Options?
    You have to differentiate between assets with expiration and assets w/o expiration.
    And generally the volatility is the main part for any risk calculation.
    Search for "probability-weighted", "probability-weighting", ...
     
    Last edited: Mar 3, 2024
    #32     Mar 3, 2024
  3. ironchef

    ironchef

    No, when you buy an option, the risk is bounded, predetermined prior to a trade. It is probability based, similar to a stop loss in trading.

    The risk management part does come into play, by not putting all your money on one trade. That is gambling.
     
    Last edited: Mar 3, 2024
    #33     Mar 3, 2024
  4. Quanto

    Quanto

    True, BUT this does not necessarily mean risk is always capped :)
    With some options strategies the risk can also be "unlimited", ie. +inf :)
    For example ShortCall has unlimited risk potential.
    And also ShortStock.

    Update: sorry, I misread as @ironchef means long option trades only, excluding short option trades. My above answer is about short options...
     
    Last edited: Mar 3, 2024
    #34     Mar 3, 2024
  5. ironchef

    ironchef

    Explain please. How can my risk be unlimited when I buy a single leg?
     
    #35     Mar 3, 2024
  6. Quanto

    Quanto

    Ok, sorry, I misread. You mean long option. I was meaning short option.
     
    #36     Mar 3, 2024
  7. ironchef

    ironchef

    Short call: you write, not buy.

    I only buy single legs, don't write single legs or trade combinations.
     
    #37     Mar 3, 2024
  8. Quanto

    Quanto

    Ok, sorry, I misread. You mean long option. I was meaning short option.
     
    #38     Mar 3, 2024
  9. ironchef

    ironchef

    The one advantage of buy (long) single leg that most retails overlooked is you are in total control.

    Yes, you pay for it but if you think about it carefully, that is a tremendous advantage in an ocean full of sharks.
     
    #39     Mar 3, 2024
  10. Quanto

    Quanto

    True, but I like to use a "halfways similar" solution using options writing... Maybe just a psychological issue with me... :)
     
    #40     Mar 3, 2024