No "facts" to speak of from you. And where are your videos and/or trading results, since you're so quick to toss stones at others? And can you come up with insults that require more than 16 IQ points?
I don't even know who Karen is, but that's a ridiculous fee, especially if it's a calculation from the highs only. Heck, that's about half what attorneys charge, and we know they're crooks (just kidding - kinda - not really).
I can't watch an hour or 1 1/2 hours of YouTube. If I'm going to watch YouTube, it'll be for music and trading stuff, but not news. It looks like she was some trader from TastyTrade.
Here’s what Karen has said. She never lost money for any of her traders. The SEC investigators did not know how put options worked. She settled with them to avoid lengthy legal battles and high attorneys fees. If she had lost investor money, don’t you think she would have been sued by her investors? Can one of you point to one instance of a lawsuit against Karen or a public statement that a single investor has made against Karen? The only complaints against Karen come from you blowhards on ET who are too scared to sell a naked put and couldn’t manage a portfolio if it were a monopoly game! You guys are jealous and miserable and a pathetic excuse for traders .
It’s non-sensical for a put seller to say the SEC doesn’t understand puts. The documents are really clear. She had mtm losses but charged customers only on realized gains. She managed this by rolling deep in the money options and booking the premiums as gains even though the premiums were 90percent intrinsic value that had been lost on the older contract.
that’s what the documents said. you don’t settle with the SEC “because they don’t understand options.” If the impropriety was something small, she would have just recalculated everything with her clients.
I've noticed a lot of these "make a million dollars trading options" websites inflate their returns the same way. They show the rolling credit as a gain and totally ignore the trade they're rolling from. So their profit/loss ratios are skewed. I personally don't think TT does that, because a lot of their trading is live online. And they don't advertise profits and so forth.