Recent content by bs2167

This is at the core of the problem...without mis-pricing you cannot have positive expectation. This is an undeniable fact, you just don't see it yet. There is no spread combination that allows you to escape it. Two fairly priced options combined into a spread just give you a fairly priced...

This ignorance comment made me feel like I'm on candid camera. Most ironic thing that I've read in a long time, maybe ever. If only you could be so lucky that your trades were only with a single person, at least that way you'd have a chance to find a sucker who misprices them. Instead, you...

Look Howard, I have read your entire thread - I do have other things I can do with my time, but I'm sincerely trying to help. I'm trying to expose the flaws in your approach in a way that I think you will understand, because quite frankly your options knowledge is extremely limited and you...

2. You are selling risk which is a function of time, not time itself. And there is absolutely no guarantee that you will be "buying it back low". 1. It absolutely is relevant as its the amount that you're compensated for the risk you are selling...

Only have a minute, but quickly here's what I think: 1. Options for the most part are fairly priced 2. Therefore, in order to have positive expectation in a non-directional option trade(s), one must be able to predict whether future volatility will be higher or lower than the market is...

Hi Howard, I appreciate how open you are about your intentions in this journal. In light of that, I'd like to ask a few questions and perhaps offer some constructive criticism in response (if I'm able to). Is it fair to say that you believe your positive expectation at trade inception comes...