A bit special.Can common people trade such exotic options? Are you trader working in financial institution?
Does it mean calculate the possible risk and range of certain stock,then create a spread or write a naked in longer term option?
On the discretionary side, I don't limit myself to a particular strategy, I trade the one that suits best my particular outlook. On the systematic side, I have a system that trades iron condors on a monthly basis.
MTE I'm very interested in your IC monthly...do you "set and forget"? do you adjust? Is there a specific delta that you generally sell? thanks!
Long calls are probably the hardest way to make money trading options. You have to be an excellent stock picker, which is far from simple - even most people who pick stocks for a living can't do it consistently. The only way they're "simple" is that they're a one-leg position, but you can get that simplicity in three other ways.
I agree. On the other hand, selling premium is surely the easiest way to play options.....at least according to what most people tend to think = you win 9 times out of 10...