Well at least this is on this specific thread for people wanting to know what can happen: "When naked puts attack. Part 3: Newton's Falling AAPL"
I totally agree that hedging is protection, but this should be done in a smart way. You need to be familiar with digits as it is an equal success. If you want to be out of emotion you need to know your risk.
I would appreciate your help. I am looking for the name of a very successful options trader. He was selling strangles on the S&P, beating the index for the last 30 years or more. His name escapes me
That's an understatement. It's amazing how many times I use my Walken impression. And this... this is just the icing on the cake.