Equity Options - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

NorCal Cat · 10-24-2007, 09:01 PM

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.

FMCoug · 10-25-2007, 02:26 AM

Quote:

Originally Posted by NorCal Cat

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.

FMCoug · 10-25-2007, 02:41 AM

Quote:

Originally Posted by FMCoug

I trade options. Mostly buying calls and puts but I do some spreads as well.

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

Cali Coug · 10-25-2007, 04:47 AM

Quote:

Originally Posted by FMCoug

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.

Indy Coug · 10-25-2007, 12:34 PM

Quote:

Originally Posted by FMCoug

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

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

BYU71 · 10-25-2007, 01:43 PM

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.

Indy Coug · 10-25-2007, 01:45 PM

Quote:

Originally Posted by BYU71

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!

FMCoug · 10-25-2007, 03:42 PM

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)?

jay santos · 10-25-2007, 04:18 PM

Quote:

Originally Posted by FMCoug

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

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

BYU71 · 10-25-2007, 05:14 PM

Quote:

Originally Posted by FMCoug

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)?

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.

10-24-2007, 09:01 PM	#1
NorCal Cat Senior Member Join Date: Jan 2006 Location: Where do you think? Posts: 1,201	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.

10-25-2007, 01:43 PM	#6
BYU71 Senior Member Join Date: Jan 2006 Posts: 5,084	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.

10-25-2007, 03:42 PM	#8
FMCoug Senior Member Join Date: Jan 2006 Location: Kaysville, UT Posts: 3,151	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)?