This reminds me of the time when I called out those bucket shop market makers who trade against us retail traders in forex...
Yeah. You ineloquently said options have a skewed payoff. That's not insightful. Options are zero sum, but the longs lose and the shorts lose. Somehow the market makers (who make only a few cents per contract) are the only ones who earn. I'm sill waiting for that academic research you alluded to.
Hello boys! I aaam back! hey you all! Why are you bullying this kid and taking his lunch money? Don’t you have a class to go to? @Baron, are you just going to let this continue and let these bullies beat up every new guy who dares to voice his opinion, claiming to be helping him? One guy says he was there during 87 crash. He must be over 80 and he is beating up this poor guy. Gawd!
Guess what,thanks to your moronic post,Im going to put both you guys on ignore,and the 2 of you noobs can throw a market maker pity party...
Why don’t you show the “real way” to trade, Tacobell or whatever? You can’t cut your losses in an online forum and you are such a hotshot trader? I get it, you beat up some one online when you have a bad day in trading, don’t you?
I got crushed today on TCDA. Sold the $5 put, which expires on 18th november, some weeks ago for $2,25. Underlying price was at $12. Nice premium received. But in hinsight it was a poisened gift. TCDA crashed today 94%. Options are in the money. TCDA is priced at $0,60! Options price is now $4,40. But option wasn´t executed yet. For me it makes no sense to buy the puts back. I am waiting to get the shares and hope for a rebound. I will never ever sell naked puts on biotechs again. This is what i learnt from this story.