Equity Options
 

Any options traders out there? Just wondering if anyone has found any particular strategies they like. I have only bought call options. I have not taken on more sophisticated methods like straddles or such yet.

I trade options. Mostly buying calls and puts but I do some spreads as well. I mostly trade option on ETFs but I do some individual stocks as well. I'm bummed my GOOG ride is coming to an end (Nov expiration). I have calls that I bought when it was at about 580. :)

Although I learned on CG that it's "impossible" to beat the market so I guess it's all an exercise in futility. :)

I don't think it is impossible to beat the market (that would be dumb), but I do think beating the market has a lot more to do with luck than anything else for publicly traded securities.

In the long run, it is impossible to beat the market. Anyone can make out like bandits in the short run.

Most option traders lose their butts. 99% (my guess) of those who have regular jobs and trade options really lose their butts.

As far as these guys who sell their strategies, well if they were so damn good they wouldn't have to sell their strategies would they?

Whenever someone brags how much they make in trading options, I just ask to see a copy of their Schedule D for the last 3 years. That usually shuts them up.

LOL!

Which should I regret more?

The GOOG calls I'm in and up 280% or the QQQQ credit spread I'm in that was a 55/45 risk/reward (i.e. for every $55 I put at risk, I get $45)?

It's easy to beat the market. You have a 50% chance with every move you make.

I have buddies that win everytime they go to Vegas. At least I think they do because every Vegas story they tell me about they won.