That edge is understanding how to structure a position that will take advantage of market assumptions....... ....................................... now thats how to make $ lets assume. Mcmillan made money in options. he wrote the tome and flogged it out for $100.00 a pop. i especially like the part when the trade is on wrong, then you go buy an option to cover your ass. jam a condor or butterfly up your nose. alpha bits , beta carotene, pi. then you pray you will never do it again and if it just gets back to break even. options are just lame. just the way it is. s
???????????????????? wtf are you talking about.... ................................. http://www.amazon.com/McMillan-Options-Second-Wiley-Trading/dp/0471678759#reader_0471678759 get one for a door stop, they are on sale.... s
Then I became an option market maker and eventually realized that I had known nothing. Now after a couple decades I am wise enough to know that I know very little, and just try to do the best I can. ................................................... previous in this thread. option trading. s
.............................................................. SD Better to piss into the ocean in my view........ that is called "watering down" your position. s
www.tastytrade.com That is a free online trading show that is owned by Tom Sosnoff who was the founder of ThinkOrSwim brokerage firm. He sold out a few years ago to TDameritrade for $750.000.000.00 I am not in anyway affiliated with Tom or TastyTrade. But everyday you will see winning trades posted timely.
Sosnoff sold ToS to Investools for $340MM well before TD bought the combined company. Sosnoff made $50-$75MM from the Investools sale.
They also have their fair share of losing trades. What they do with most of them (losing trades) is buy/sell shares to gamma scalp or sell naked puts/calls they roll until they can close for very little loss or a bit of profit so they seldom BOOK a loss. This takes basically more money than GOD. No way can the average retail trader at TDA trade exactly like they do and make much more than the cost of commish. Having said that, I do enjoy listening to them because they do a lot of research that is interesting and helpful. and I get it free...