Read an options book instead of listening to this bozo. You reduce risk but don't necessarily improve your pnl position.
Thanks ETJ! If you don't mind my asking, what were you doing with Ron for better part of a week? Good guy? Always seemed that way watching him!
The number one skill is knowing which options to sell....... why not stick to selling SPY puts long-term(having first checked the statistics and scale of operation of such a strategy of course). I forgot... we don't want to make money slowly, we want to make it big and fast.
Well if you buy index options and sell a bunch of single stock options, it's free premium. You can thank me now.
The number one skill is knowing when to take your foot off the gas. Everyday you walk to the bank and withdraw money from the ATM. Except the day when there's a bunch of guys with ski masks on shooting hostages.
How is what I said: being a bozo, you piece of shit??!!! I exposed my observations regarding some inequitable payoffs in options and so far you haven't proved to me otherwise in any way, mathematically or empirically to counter what I wrote besides calling me names and accusing me of using drugs. I tried to remain civil but seriously some shitheads like you just don't deserve it.
And how are people going to know that unless they have insider information?? And if they are trading index options, they won't even know that. And on those days that they encounter those "bandits in ski masks", they lose 10% of their trading capital and you think it's ok for a retail trader? And using your analogy, the problem is during the days when it's you that's encountering the "bunch of guys with ski masks", you lose everything that you have earned in your bank account because the "bunch of guys with ski masks" force you to withdraw them all from the ATM. But then when you decide to don a ski mask to stand by the ATM machines, the bank tells you you can rob the ATM machines when the bank is closed and the doors to the ATM machines are locked. I am sure your pea little brain didn't understand my analogy. But anyway don't give a shit. For people who are genuinely concerned about retail traders' welfare, they will know what I am talking about. Really done with you here.
You cited heretofore unnamed academic research. I did. I said delta is a source of pnl that you are ignoring. You said "who gives a fuck about delta?" How do I respond to that?