Originally Posted by
Baa_Baa
Just to be clear, I don't do boats, they make me sick, or forecasts (especially the weather, even Metservice and NIWA can't get that right!) but maybe the probabilities of SP movements with careful price trading controls, i.e. never a one way trade. Always have a trading contingency in case it doesn't work out. Run with gains, cut losses quickly.
Been awhile since I traded US listed options, albeit fun at the time, staying up all night eventually lost its appeal. Now that's an instrument class that has absolutely no underlying value at all, nada, nothing, just a paper promise, but it still traded purely on perceived or anticipated future prices of the underlying stock. The only way to track it was price charts. One day for example, I woke up and 1200% gain on a gold miner's option, bought the Call at 4 times out of the money, but they struck it rich. The Mrs said, "have you sold?" Um, ok, wait, doing that now. Kaching, money in the bank.
Besides, I'd never join a troupe with Daytr on it, attention seekers lost in a morass of logical fallacies don't interest me, they're just bogged down with redefining everything (the straw man argument) and persist with factual inaccuracies trying to justify it.
I'd consider the 2011 Winner69, but lately, not so much with the Wah's nonsense. Lost the plot lately imo.
Final thought, Daytr reckons RYM is better 'value' now when the SP has gone up a few % than last week when the SP was bottoming. Go figure, higher SP = better value. WTF?