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 Gold Customer
Joined: 1/24/2005
Posts: 97
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I have an very solid background in consistently picking the markets top stocks and seek guidance and collaboration of seasoned options trader with using options with my trades. Experience in all angles and variables with option trading is a bonus including hedging and sophisticated straddles etc.
I'll help you hyper-charge your stock picks if you help me optimize per trade returns...
Just reply to the post and maybe we can explore this deeper...
Paul
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Registered User
Joined: 8/19/2009
Posts: 170
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ive been trading options for several years and have extensive experience
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Registered User
Joined: 1/28/2005
Posts: 6,049
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If your consistently picking "hyper-charged" stocks
I don't see what the mystery is?
Why would you need "hedges and sophisticated straddles?
Thanks
diceman
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Registered User
Joined: 8/14/2009
Posts: 2
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QUOTE (plemal) I have an very solid background in consistently picking the markets top stocks and seek guidance and collaboration of seasoned options trader with using options with my trades. Experience in all angles and variables with option trading is a bonus including hedging and sophisticated straddles etc.
I'll help you hyper-charge your stock picks if you help me optimize per trade returns...
Just reply to the post and maybe we can explore this deeper...
Paul
My advice - when dealing with options always use hedged strategies, never buy/sell naked options. Please refer to the the site for more information.
Good luck,
OptionTimeline
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Id be recommending "hedged strategies" too if I was selling options information.
(learn the Greeks, learn the Greeks)
Buying Puts and Calls doesn't sound too sexy.
Thanks
diceman
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Gold Customer
Joined: 1/24/2005
Posts: 97
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Thats a good question Diceman and when I see option proponents push some sophisticated straddles it piques my interest as to "possibilities".
Puts and calls may be all I need but since I know so little on the options side (I'm more of a right-brain thinker) I don't know if these other strategies would work for me...but worth finding out.
My primary interest is in hedging on the entries....
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Gold Customer
Joined: 1/24/2005
Posts: 97
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How can I reach you intothetrade? Can we even post email addresses here?
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Registered User
Joined: 6/8/2007
Posts: 6
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There are a lot ways to hedge entries. Verticals,Calendars, Diagonals, Naked Puts and Naked Calls.
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Registered User
Joined: 6/8/2007
Posts: 6
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Oh, forgot Covered Calls and Covered Puts.
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Registered User
Joined: 8/19/2009
Posts: 170
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im launching a youtube channel, just finishing up on the video which should be up tomorrow... once its up, search for my name and all my contact info will be there
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Registered User
Joined: 7/1/2009
Posts: 97
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For no reason in particular except for the mention of options, I thought I'd share my results of a recent backtest of 20-day breakouts on NDX.
In this backtest, on a closing high/low greater or less than any intraday price over the previous 20 trading days I bought a call/put debit spread with the long at the first strike OTM in X3, provided that this expiration month was not more than 95 calendar days away. I looked at EOD data only. I closed the trades at either profit greater than or equal to 20% of risk (which averaged roughly $10K per trade) or loss greater than or equal to 50% of risk. I did this backtest on NDX and used 10 contracts of a 25-point wide debit spread or five contracts of a 50-point wide debit spread in a couple cases where listed data were corrupt or in the early years of the trade when it appears 25-point strikes on NDX were not available. The first trade was 11/6/01 and the last trade began 7/23/09 (closed 9/8/09 at a profit). I included slippage of $0.05 per leg.
I used StockFinder to identify the 20-day breakouts and I used OV 6 to run the backtesting.
Results:
--Number of winning/losing trades: 83/55
--Largest winning/losing trade: $5,650/-$9,300
--Avg. winning/losing trade: $2,890/-$5,894
--Average winning/losing trade length: 14/20
--[Arithmetic] profit factor: 0.917
If anyone has any comments, thoughts, or critiques, then I'd be interested to hear them.
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Registered User
Joined: 4/13/2009
Posts: 122
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QUOTE (intothetrade) im launching a youtube channel, just finishing up on the video which should be up tomorrow... once its up, search for my name and all my contact info will be there
There is no sound on your video! Looks good thou.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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"There is no sound on your video! Looks good thou."
-------------------------------------------------------
I thought maybe the message was being sent:
"Dont trade stocks with low volume"
(couldnt resist that one. heh, heh)
Thanks
diceman
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Registered User
Joined: 8/19/2009
Posts: 170
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lol
the video i had up was a test video but i have 2 working videos up right now.. currently uploading #3
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