Options - Why?

[wayneL]

Re: Options-Why?

Another useful thing with options is combining stock and options.

For most people that means covered calls or married puts, which, synthetically is a naked short put or a long call. But most any option spread can be created with stock option combinations.

Most people don't realise that a fence (collar), synthetically, IS a Bull call spread; from there a synthetic put backspread...short or long straddles, strangles, condors, butterflies, ratio spreads, can all be contructed synthetically from a simple long stock position.

I realise that's probably double dutch for many, but its a skill that is worth learning.....worth the migraine you'll get from learning to understand the greek bull**** and how to use them to your advantage.

Cheers

 

[The Mortgage Adviser]

Re: Options-Why?

Bingo, I really don't care what you think.

Wayne, my credibility is not "at stake" here mate. I am just responding to comments made about the cost of his software. HE said it cost thousands. Personally, I don't care if he stole it and got it for free (which he probably did!).

It is easy to say you are one of the top 5% of earners in Aus when hiding behind a screen and I can say I have bigger balls than you. I personally do not care how much you earn but I hope you are successful at what you do. Maybe you could help positive (negative) cashflow earn some money!!!!

Regarding my negativity here, I have stated clearly on previous occasions that I only came here to challenge Positive Cashflow, JetDollars and NOW Baloo on their own turf. THEY challenged me to come here. THEY insulted me in PI.com. THEY started all this crap.

Now I am wondering where they are. I believe admin would have told JetD to keep his mouth shut and deleted all those posts and as a result, Positive follows like a puppy dog and keeps quiet as well.

As for Baloo, I just noticed some sly little comments directed at me at PI.com so I thought I would bring thatto this forum as well.

I enjoy PI.com when losers like JetD, Positive and Baloo aren't morons. I hope all the members here now know how it feels.

Just ban me and be done with it...

Rob

 

[Joe Blow]

Re: Options-Why?

Just ban me and be done with it...

Okay. Wish granted.

 

[Bingo]

Re: Options-Why?

Okay. Wish granted.

Thank goodness.

 

[JetDollars]

Re: Options-Why?

Thanks Wayne for posting the question here.

I asked once--

If you had one options Trading Method or Stratagy that you thought everyone should know how to trade what would it be?

What do those here say?

Trade inline with the direction of the overall market ie. bull market (currently) bull call spread, bull put spread ... and reverse if bearish market.

Maybe I should just say I don't know....LOL

 

[The Barbarian Investor]

Re: Options-Why?

Dropped in on the end of this thread, however some comments look interesting and ill have to go back to page 1 to see what "that" was all about???

Soooo wishes come true on this forum then??

 

[The Barbarian Investor]

Re: Options-Why?

......................................................Nope, still none the wiser after reading the thread as to why The Mortgage Advisor was going "off', guess it was a build-up from other post's.

i like wayne's answer to the best options strategy..all of them, guess thats why there called options, you have so many options

However the more i learn about them the less i feel i know, looks like you need a PHD from the bloody University of philidelphia to keep up and understand them all

 

[Mega Rich]

Re: Options-Why?

Thanks Posi



"How do you put those quotes from other peoples posts into your own?"

David (Alias: Mega Rich) here!

In answer to your question about "how do you put those quotes" in...SIMPLE...at the bottom right-hand corner of the "post" you will see an icon that says "QUOTE"! Just click on it and a new thread will open up with a quote in it from the one you were just reading!

You can (as I am now!) just add in your own comments!!

Cheers: Mega Rich.

 

[dracula]

Re: Options-Why?

Hi guys,

If anyone can answer me a simple question I would be very thankful.

Let's say I sell 1 FEB PUT QAN 3.75
If I get exercised, do I need the $$ for the 1000 shares, or is it possible to buy 1 PUT 3.75 to close the position?
dracula

 

[JetDollars]

Re: Options-Why?

Hi guys,

If anyone can answer me a simple question I would be very thankful.

Let's say I sell 1 FEB PUT QAN 3.75
If I get exercised, do I need the $$ for the 1000 shares, or is it possible to buy 1 PUT 3.75 to close the position?
dracula

Let me try:

If you got exercise then you got to come up with the money within 3 days or just sell the shares back to the market as soon as you got them.

But if you don't get exercise then you can just by 1 put to close the position.

 

[dracula]

Re: Options-Why?

Jet$,

I called my broker (HSBC), and they want the balance on the same day I get exercised, otherwise they sell the stock at the end of the day.