Quote: (03-17-2013 11:25 PM)horn Wrote:
Quote: (03-17-2013 01:13 AM)gsinplaya Wrote:
Quote: (03-16-2013 03:50 PM)horn Wrote:
No retail investor should ever deal in options. You don't need to, you get raped on the b-a spread, and there's tiny liquidity in almost every case. If you want to buy a protective put on a locked-in stock position you can't sell that's really the only solid reason to get involved in the options market. over 95% of the profits go to the market-makers/pros, which has been shown by every study on the subject.
go have a look at an option chain at an op-ex date and you will see that this "95% of options expire worthless" quote is completely false. I assume that is what you meant when you said all the $$$ go to the market-makers/pros.
I'm sorry you are intellectually challenged, but that's not what I meant. What I meant is exactly what I said. Notice the phrase 'expire worthless' does not appear anywhere in my post.
I have been an options professional: structuring, marketing, trading and sales for much of the past 15+ years, both on the buy and sell side, having started in IR swaps, caps and floors.
I am not a newb keyboard jockey like those that post in anonymous forums talking about how great they are and how much money they make trading vol against the professionals and giving horrid advice like 'Sell covered calls ZOMG free money!11!11!!!
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i trade options on a basket of around 30 - 40 stocks year round....never had problems with liquidity on options and only really have issues with the bid/ask spread on 1 or 2 (e.g. pcln,crm). no idea what options you are looking at.
You're trading 1-2 contracts and you're ignorant enough to both give advice and lecture people who trade more in a week than you'll trade in a lifetime.
The mod had the right idea when he talked about deleting/blocking those who brag about how well they do in the markets. If any of you could systematically beat the markets, I'd show up with 8-figs of USD for you to trade. But you can't. You've been Fooled by Randomness.
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I've seen many traders make very good and consistent income with covered calls but not in the traditional way most people look at covered calls.
No, you haven't. Unless they are market-makers or Quants working for Simons, Alan Howard or Dave Shaw. I invest with these guys, and you don't beat them at options trading. [Not Simons as he's closed to outside money now].
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not here to start an argument but I dont believe the information you are presenting is accurate.
You are too ignorant to know the difference. But I'm glad your Fin 101 textbook and wiki allowed you to re-generalize my example from VIX to imp vol and act like you knew something more than a 15-minute search on the Net.
But, you can always prove me wrong, post your audited trading records for the past 5 years, you can do a password-locked file and I will happily apologize.
If you can systematically create alpha via an options-trading strategy that isn't based on beta, you will attract literally $hundreds of millions of dollars in funding. At 1.5% and 20% you can retire to your own private island with supermodels galore by 2018.
Why don't you show us your 8 figures that you have to invest ?
" I'M NOT A CHRONIC CUNT LICKER "
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