Recent content by wal

Edge? I'd say it was a sure cop :lol:

Probably a pretty safe assumption Tony. If I could offer up my own observations and preferences: Futures and equities seem to be a bit different in this regard. Of the traders I know, (and I don't know lots and lots, but enough to get a feel) Futures players will quite happily go short naked...

The myth of 80% of option expiring worthless: From the CBOE:

Just for the record, what you said pretty much applies to me too.. but might spread a bit more often... 4/ Cheers

Do you always refer to yourself in the third person, Bulldozer? Thanks for that info, we can all avoid TT now.

So profitaker, given that there is no edge inherent in writing or buying, which do you prefer? 1/ Write 2/ Buy 3/ Spread 4/ Any of the above as the situation warrants Cheers

AWOOGA!!!! Bulldozer rides again?

Maso Sorry if I appeared to be a beginner. My question was to stimulate some discussion on this topic, as many seem to avtively shun this knowledge... to their ultiment detriment. Profittaker, I must of learned things the wrong way round, as I've learned greeks, but not the mathematics of how...

But... What of vega risk? What of using greeks... delta/gamma for selection of apprpriate strike, expiry and position size...being aware of position delta etc etc? Most noobs wonder how they lost money on the call they bought when the stock went up, blame it on theta and decide to become...

Hi all. The greeks! Incredibly complicated to learn (unless one is a mathematical savant) and to the noob, seemingly irrelevant. Why would anyone go to the trouble to learn the greeks and how would this knowledge impact ones trading? Is this piece of advise valid? What would options traders...

Hi options traders, I have this discussion going on another forum... a particular trader is using this strategy (i,e bull put credit spreads) to trade direction... basically swing trading. I have my own thoughts on this, but was wondering what other options traders thought of this. Cheers

Perhaps we'll get some more participation in the options forum now. Nothing worse that butting heads... I mean its amusing, brieflly, but quickly becomes tedious. Looking forward to some good discussion now.

Well I'm stunned. I didn't think self-deprecation was the Bulldozer style! :lol:

Luke 6:41 ;)

Bull, regarding your brains post: I don't suppose you realise that you've been hoisted by your own petard :lol: :lol: :lol: