Watch HowardCohodas Trade Index Options Credit Spreads

[DashRiprock]

they do it cos they can hedge it for cheaper.

as well howard, i think in equity option you need to be specialised market maker to quote prices. so for all of your trade from first off it is a market maker that is on the other side of your position... they just wait until they can palm it off on another punter. and make the spread BOOM!

 

[HowardCohodas]

Which is just as well cause more than half the interviews/articles are with/written by retards and/or charlatans

Is yours there? Or yours Hotch? I'll check when I have a moment. It would seem you guys think yours would raise the standards. Go for it.

 

[HowardCohodas]

Because they are obviously unaware that they could be earning theta. Howard has outsmarted them! Such an easy feat for someone who has attended flight school.

Catchy title by the way, Howard.

Thanks. I appreciate it.

 

[Hotch]

Is your there? Or yours Hotch? I'll check when I have a moment. It would seem you guys think yours would raise the standards. Go for it.

Swing and a miss!

 

[HowardCohodas]

there is no dialogue at all its just you sticking your fingers in your ears and going "lalalalalalalalalalalala"

Ill say it again. your strat is short vols.

do you know what that means?

My point exactly. Therefor, why should I consider what you have to say at all? You may recall that this all started when you asked me a question and I responded by asking you for clarification. That's a dialog. Unfortunately, that's where dialog ended. Now you indicate that you never intended a dialog. Sorry I misjudged you and tried so hard to get answers from you. I'm still batting zero on that effort.

 

[HowardCohodas]

probably not so ill explain for you you plonker.

your short strike is more sensitive to changes in implied volatility than the long strike (as its nearer ATM). So with a parallel shift in the volatility smile, the short option price will change more than the long option price.

This is great for you if volatility falls because the short option will depreciate faster than the long option and leave you with a profit. But of the opposite happens, and implied volatility increases, then the value of your short option will increase faster than your long option, and you are left with a loss.

this is a tenet of your strategy, just so you know.

Thank you for the explanation.

I have made exactly the same point, but in different terms. I pointed out that changes in volatility were the most vulnerable part of the strategy, especially increases in volatility. I have risk management elements to address it, but it is still my most vulnerable area. I am, in fact, working on a new idea to mitigate the risk of rapid market declines, but it is not yet ready for prime time.

Thank you again for taking the time to explain it in terms that I could understand.

 

[arabianights]

This is passive aggressive BS Howard.

I'm very disappointed in you.

I expected more

 

[HowardCohodas]

This is passive aggressive BS Howard.

I'm very disappointed in you.

I expected more

I'm not jumping in the mud today. If you have something to teach me, tell me where I am wrong in answering your post. I may be exposing my ignorance by stating what I understand, but so far I am clueless about where.

I'm sure the phrase in the above paragraph will cause me grief.

 

[arabianights]

Not going to bother. Just going to watch thread and enjoy the lulz

 

[HowardCohodas]

But you don't, Howard, do you? Over the course of this thread and despite the well-intentioned interventions of any number of experienced contributors, absolutely nothing has changed in your approach either to trading your strategy or your intention to teach it.

That is provably untrue, but not the important point. The important point is why you would say such a thing? I've explained that push-back does not imply that I have not changed my strategy because of the input I received. It means I am probing and challenging the justification and explanations of the comments, criticisms, etc.

 

[arabianights]

You still haven't explained the blue spiral-esque thing. Only reason I ask is it reminds me of some cult or other, forget what, Raelism maybe?

 

[HowardCohodas]

Howard, this is extremely disappointing. Students by virtue of the fact that they are students can not make any informed decisions. They will have an inbuilt natural bias towards believing what is being taught until such time that their experiential being catches up. By the time this happens, it could quite easily be too late.

I strongly urge you to reconsider your stance ref teaching.

Noted. And I am, as you may have read in today's thread posts.

However, I am being judged here on some absolute standard. The fairness of this I'll leave to others to assess.

I would note that I have reviewed nearly 20 others (books, seminars and websites) who teach either credit spreads or iron condors as a strategy. No one should enter any market before doing a competitive analysis. So far, I am more successful than most by judging returns and draw downs. I have considerably more experience in teaching than most. And I think I have a better pedagogy.

So, if my assessment is accurate, am I doing students more harm than good by teaching them what I do? That, in addition to the feedback here, is the basis of my reassessment.

 

[HowardCohodas]

Howard what is that blue spiral of yours?

That is the so-called golden ratio antenna. It is part serious and part amusement. Golden Ration Antenna and Hyper Dimensional Golden Ratio Vortex Antennas

I've adopted the one I use in my avatar as my logo.

 

[Hotch]

Has anyone actually contacted you asking to be taught because of your posts on T2W Howard?

 

[Pazienza]

cos you market yourself as someone with authority and understanding (i read your website). and its specially bad if you show your results.

I guess it would be ok if like a disclaimer on your home page that said

"Hi, im howard, and in my website ill explain how i trade my options strategy. but you should know that i dont really understand options at all, and loads of people that do know about options have said i am a plonker for what i am doing. because i dont understand options i dont understand why im a plonker so im going to carry on regardless"

'this option strategy has no identyfyable edge and after enough time you will lose money cos of comms and spreads"


"Do you wish to enter?"

:clap:

 

[arabianights]

That is the so-called golden ratio antenna. It is part serious and part amusement. Golden Ration Antenna and Hyper Dimensional Golden Ratio Vortex Antennas

I've adopted the one I use in my avatar as my logo.

Ta, that probably where I seen it then...

 

[HowardCohodas]

Swing and a miss!

Well it's over my head.

 

[arabianights]

So, if my assessment is accurate, am I doing students more harm than good by teaching them what I do? That, in addition to the feedback here, is the basis of my reassessment.

The considerable irony here is that the more "successful" your students are the more harm you have done them, for the more they will lose when the chickens come home to roost...

 

[HowardCohodas]

Has anyone actually contacted you asking to be taught because of your posts on T2W Howard?

Give me a reason why I should disclose that. It matters not whether I say, zero, tens or hundreds. I'll get grief with no upside to me.

 

[HowardCohodas]

You still haven't explained the blue spiral-esque thing. Only reason I ask is it reminds me of some cult or other, forget what, Raelism maybe?

I missed if first pass.

I've been a bit busy. Reading posts. Writing a response. Rewriting the response to tone it down to stay out of the mud. Rechecking my rewritten post. Posting it. Going back to find where I left off. And loop until finished.