Dow closes more than 150 points lower after 10-year yield hits 4-year high on Fed minutes
Yes, they’ll earn 0% return on the money in the policy while paying 5% to borrow it back. That’s brilliant to pay 5% to borrow back money that was yours in the first place.
Also, why would the market going down be Christmas? It would mean you earn a 0% gain on your money. Who celebrates earning a 0% gain?
Read 15% of the book so far and it’s a great book. Opened my eyes to all sorts of option shenanigans. Strategies I read so far: covered call writing, call buying, reverse hedge, naked call writing, and ratio call writing. Reading bull spreads now.
After convincing myself I know a bit about options now (very dangerous…) I started buying options again. Bought some FB 2020 at-money calls because I think people are overly bearish on Facebook. It had too much bad coverage recently. Will build up a biggish position over time.
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I only traded put spreads or call spreads last year. This year I have had no time for the research.
After messing with options for a few years, feel it is best to keep it simple.
Long calls
Long puts
Short covered calls
Short secured puts
The book didn’t tell you much about IV and time to reach a satisfying level of profit. One con of vertical spreads is need to be quite close to OE to have a satisfying profit. In fact, many complex position are like that.
I have no intention to trade those more complicated strategies either. I am only looking for option tricks to enhance my core strategy. I sold quite a bit of Facebook shares to finance expanding my portfolio to for example Tencent. It just dawned on me I could have bought at-money calls afterwards at a fraction of underlying to capture back some of Facebook’s upward move. So tricks like this will help, not change, my core strategy.
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What edition is your book? Author added volatility trading in my 5th edition. Good that I will read that after the VIX explosion… 
What!!! Not fair. Mine is 4th edition. Can we exchange book?
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Only $50 for such a huge book. Ask one of your mistresses to buy you one.
What’s the other implied volatility book?
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Option Volatility & Pricing by Sheldon Natenberg.
Advanced Trading Strategies and Techniques
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My portfolio value is back to where it was before the drop…
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Summa summa.
Can’t spare any 
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No, heard of the author. Sound like a good book, need to check whether I should buy it. The title is what I have tried to do with limited success, need some guidance 
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How high is it going to go? how high??? 
I am not yet at level prior to the devilish crash. Still has 10% or so to go.
I am still buying…but prepared for the Mueller crash…
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