Australian (ASX) Stock Market Forum

Bedford, Dimitri, McIntyre, etc. Clowns?

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The market is ALWAYS right.
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Only if you buy into EMT.
If you adhere to a Technical analysis philosophy & methodology, this is undoubtably true, as Technical analysis is the pure application of EMT.

However, other methodologies reject the premise of EMT, and instead postulate that markets are inefficient, and therefore incorrect.

jog on
d998
 
ducati916 said:
Only if you buy into EMT.
If you adhere to a Technical analysis philosophy & methodology, this is undoubtably true, as Technical analysis is the pure application of EMT.

However, other methodologies reject the premise of EMT, and instead postulate that markets are inefficient, and therefore incorrect.

jog on
d998
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Indeed, George Soros' famous comment is that the market is always WRONG!
 
Dimitri method is just put spreads.McIntyre (option section)is covered calls and dimitri method.Bedford pretty much covers the basics.

Nothing really ground breaking or new.
 
moXJO said:
Dimitri method is just put spreads.McIntyre (option section)is covered calls and dimitri method.Bedford pretty much covers the basics.

Nothing really ground breaking or new.
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May not be ground breaking or new but they are charging $97 USD for an ebook that supposedly tells you what their strategy is. But I have a feeling that having the ebook will not suffice - you'll need to join the forum and use broker xyz and go to Fiji :cautious: ... I'd rather buy 5 books on options trading, off ebay and do it the "hard way", and that way I get to learn much more.

On the promotional websites and free ebooks they say that most clients are generating most of their income from "selling insurance". I wonder what the contingency plan is for when a massive dive happens. Perhaps they LEAP, or maybe do verticle spreads, dunno.

The more I study options though the more I'm warming up to them. They are so versitile and can be used to take advantage of any mkt/stock view or bias.

Back to my "Options strategies" ebook...
 
Hopeful said:
May not be ground breaking or new but they are charging $97 USD for an ebook that supposedly tells you what their strategy is. But I have a feeling that having the ebook will not suffice - you'll need to join the forum and use broker xyz and go to Fiji :cautious: ... I'd rather buy 5 books on options trading, off ebay and do it the "hard way", and that way I get to learn much more.

On the promotional websites and free ebooks they say that most clients are generating most of their income from "selling insurance". I wonder what the contingency plan is for when a massive dive happens. Perhaps they LEAP, or maybe do verticle spreads, dunno.

The more I study options though the more I'm warming up to them. They are so versitile and can be used to take advantage of any mkt/stock view or bias.

Back to my "Options strategies" ebook...
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Wise
 
wayneL said:
Thats all the "Dimitri Strategy" is an OTM bull put vertical.

There, just saved you $97 :D
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Great! I owe you a beer or 97 ;) . Budweiser OK with you?

Or how about this "hopeful" strategy: Sell nearby puts and go long a very OTM put with a longer expiry date (LEAP?), then keep writing puts every month until the very OTM put expires or heaven forbid gets exercised? I'm not up to par with the terminology yet, but there prolly is a word for the "hopeful strategy" other than "hopeful strategy" Let me guess, hmmm, "short put with long put LEAP"? I know it's not verticle 'cos the expiry is different...
 
Hopeful said:
Great! I owe you a beer or 97 ;) . Budweiser OK with you?

Or how about this "hopeful" strategy: Sell nearby puts and go long a very OTM put with a longer expiry date (LEAP?), then keep writing puts every month until the very OTM put expires or heaven forbid gets exercised? I'm not up to par with the terminology yet, but there prolly is a word for the "hopeful strategy" other than "hopeful strategy" Let me guess, hmmm, "short put with long put LEAP"? I know it's not verticle 'cos the expiry is different...
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You can do that. It's called a diagonal spread and has advantages and disadvantages over the the vertical. You can do it with calls too. ( which I suggest would be a better idea)

There will always be a tradeoff with any strategy. Remember, options merely transfer risk someplace else. Be sure to know where that risk is.
:)

Cheers
 
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