Dude, you don't know what you got yourself into. Now that you have made yourself into Dest's lap dog, he'll smother you to his heart's content. Brace yourself (or run away as fast as you can)!
He mst be former telex operator. TLX op use few character as posible. bc ea char cost ten of dolar. Aso he could be using TRANSLATE to trans alien lang to englsh Interestingly, many people like OP postings. Gud Luk ! .... . .. ...... .... .. .. . ......... .. . ____________
And people complain about Brooks being hard to understand! I've suspected for a long time that Dest was a Student of Al's.
Ok I'll have a go at deciphering. Using our local market XJO you can see risk reward on the fly is greater than 2 (it's a 100 spread so risking 27 to make 73)
"An index RR is down-skewed. OTM puts trade over OTM calls" 7125 is at the money so if we go out 100 points in each direction you will see calls trading at 54 puts trading at 61 hence puts trading over calls because of skew.
Two great books if you can decipher a graduate-level text. Hull or McDonald. We make everyone read McDonald. Not light reads.
The goal is not your understanding, it's simply that you kneel down and pray to him as the deity he believes himself to be.
I advise this to every single person who wants to learn about options and how to trade them. All they need to do is go onto investopedia.com and search for "options" and read all of the pertaining webpage articles. These articles are the best educational material one can read to learn about options. They explain all of the concepts of options in clear, unambiguous and easy-to-understand manner. And then to put what these articles talk about in practice, all they need to do is open a demo account preferably with live options prices and just demo trade options until they are comfortable enough and have developed a profitable strategy, then they can go live to trade small positions to put their strategy into the test and then gradually increase the trade size with each successful trade. Many ET members here said "Keep It Simple" and I agree with them.
You don't get it, do ya? The OP isn't interested in KISS and all that other investopedia.com nonsense. All he wants is to emulate Dest's PNL.