It is the same strategy championed by the famous Najarian brothers or from other resources like option sonar. People claiming having seen the balance sheet of the trades made by N. brothers said they were not so convincing. If I recall it correctly, Destriero once mentioned that he has worked with Jon N. May be he has something to say.
why not buy total market etf. you then effectively own everything and can talk about it like an expert
Interesting video and info in it Felix provides, i will be subscribing to his stuff to see something i am particularly after, not his picks but his depth of analysis in options and their pricing seems to have some relevance to my strategy, i am sure it can be researched but why not pay few hundred to save the time, i will let you know how it goes
did you watch the video by any chance? iam Checking on that, that threw me off in his video which is his which is not i see that chanelon is the ither guys and his is options greek, most likely i will subscribe to his because am not going to take their pictures iam simply after a key thing he mentioned in his video, well two things I dont know where in the video but he mention a part where abc moves 5% so the cost of options is X then he says xyz moves 10% so the cost of the option is 2X that is sort of an integral part in my strategy and iam looking for more info second part iam after of his video is that when u want to buy an options a call lets day, which call out of the many listed on the options chain do you buy, i have an idea personally but its based on my strategy not on greeks or math but I would like to see his depth on it those two greeks and math and if i can extract any value out of it, ie save myself sometime by picking it up From him rather than learn it, i have an options calculator that i simply programmed into excel that narrows my choices for my self but its yet to be inclusive of the duration of the options thus i know its elementary i hope to fine tune it for my strategy
so i guess short answer is to felix stuff Fuck it 200 a month couple months thats 400, i will count it as a losing trade if i dont get shit out of it, but the guys depth of knowledge is striking i think i will get something, who knows maybe something else i didnt know about at all the way he spoke also on that chat video you can tell he isnt your average seller, his language particularly, a seller usually doesnt go deep into details of such numbers, they keep it dump usually so they get the masses to buy their shit, i think this guy didnt come off that way, he what iam asking truly analyzing based on pure knowledge, not sales pitches
One thing he mentioned is that members have access to him personally, if true, that would be a great value add. I want to subscribe to his picks service first to see if his edge is transferable and reasonably scalable.
I also was attracted to the style that he doesnt necessarily know the stocks he trades and is purely technical and is a firm believer in options, i guess its the fact i have similarities in the style/personality of his. Will i follow his picks NO, no matter what the profits are, trading isnt about making money exclusively, its about the challenge, the game, the ever changing, other wise why would those billionaires continue to trade?
He did say that? i didnt catch that one, but thats very good for me, hell if you want i will give you the picks, i know i wont follow them, another similarity is he gives his recommendations after market is closes, thats also me, lolz, i am asleep most of the time the market is open and only wake up the last hour, no matter what time zone i am on, lolz, he seems to be a swing trader as far as i picked
I like Felix, he is not a pushy kind of person, but a question that always comes up in situations like this is why someone with a significant edge would give it away to everyone, though for some money. Also, over the years I listened to several criticisms about this strategy. I'll not go in detail over all of them, but some pointed to the fact that he might be looking only at one leg of the transaction, with the other ones escaping him, especially in these days of dark pools. He and the Narjarians as well take some countermeasures about this point, but it still might be a significant factor to consider. Also, he does a good on focussing only on short term transactions with underlyings over $10, but still he might be missing significant pieces of information. Also it is not always straightforward to understand whether the exchange was on the bid or on the ask, leading astray some of his predictions.