I don't like paying for premium, and not informed enough to sell
options, but like the idea of selling some type of spreads where
you can be wrong on direction and still make money.
I am a big fan of bull/bear credit spreads and use them
exclusively. A small $ needed since you are taking in a credit as
part of the strat. But you need to pick a direction using your T.A.
You need to know direction. Not sure there is ANY option strategy
in which you get paid even if you are wrong. However, with
multi-leg strategies, like mine or butterflies etc you can adjust
the position if it goes against you.
I don't like paying for
Took a minor position long on SVIX,Steve, were would you ...
Posted by steveo on 26th of Jul 2024 at 12:01 pm
I don't like paying for premium, and not informed enough to sell options, but like the idea of selling some type of spreads where you can be wrong on direction and still make money.
I am a big fan
Posted by brophy on 26th of Jul 2024 at 12:35 pm
I am a big fan of bull/bear credit spreads and use them exclusively. A small $ needed since you are taking in a credit as part of the strat. But you need to pick a direction using your T.A. You need to know direction. Not sure there is ANY option strategy in which you get paid even if you are wrong. However, with multi-leg strategies, like mine or butterflies etc you can adjust the position if it goes against you.
Iron condor - whether you're
Posted by DigiNomad on 26th of Jul 2024 at 01:53 pm
Iron condor - whether you're bullish or bearish on direction, you can win being wong.
Iron Condor - as long
Posted by brophy on 26th of Jul 2024 at 05:09 pm
Iron Condor - as long as you adjust it, when needed, can avoid major losses, as I have said.
It's a defined risk trade,
Posted by DigiNomad on 26th of Jul 2024 at 06:38 pm
It's a defined risk trade, so you don't necessarily need to adjust it. I often do...with mixed results.
It's a VERY popular trade.
Posted by DigiNomad on 26th of Jul 2024 at 12:04 pm
It's a VERY popular trade. Someday it could cause systemic risk...it's that popular.