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Interesting Options Webinar -- Feedback?


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Interesting Options Webinar -- Feedback?

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  #1 (permalink)
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This weekend I watched an interesting webinar on archive here at futures.io (formerly BMT) called something like Beginning Option Trading by Carly Garner, head of Decarly Trading. In her approach she advocates day-trading selling naked options on commodities.

Because these types of trades are unlimited risk and limited reward, many warn against this strategy in this forum. I believe the more vivid analogy used was "picking up pennies in front of a steamroller."

Trouble is, I just started playing around with this approach in my paper trading account today and found myself up $300 in little more than an hour and a half. So in this case, it was stocks, not commodities but Carly advocates this strategy regardless of the underlying. Any thoughts on this?

Edit: I just noticed this thread (plus its a sticky!): which covers most of what this thread might have covered. I am interested in the question: After watching this webinar did it change your attitude for this type of trade?

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Strato View Post
This weekend I watched an interesting webinar on archive here at futures.io (formerly BMT) called something like Beginning Option Trading by Carly Garner, head of Decarly Trading. In her approach she advocates day-trading selling naked options on commodities.

Because these types of trades are unlimited risk and limited reward, many warn against this strategy in this forum. I believe the more vivid analogy used was "picking up pennies in front of a steamroller."

Trouble is, I just started playing around with this approach in my paper trading account today and found myself up $300 in little more than an hour and a half. So in this case, it was stocks, not commodities but Carly advocates this strategy regardless of the underlying. Any thoughts on this?

Existing threads for these webinars:





Also Carley has an AMA thread:



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Strato View Post
Trouble is, I just started playing around with this approach in my paper trading account today and found myself up $300 in little more than an hour and a half.


I'm sure you realize you could have lost $300 or more in the same time. Great upside potential in options, but your focus should be on the downside - how much can you lose, and how quickly?

If you take care of the downside, the upside should take care of itself (assuming you have a good strategy).

Tough advice to follow, though. After 20 years, I still find myself looking more at the upside than I should. It is a constant struggle for me, and I'm guessing for most others too.

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Day trading options can be an uphill battle because commissions tend to be higher and the spread will eat at any profits. I used to day trade spy options a few years ago but looking back I would have been better off just trading the spy outright or trading the ES. That was just buying calls and puts I have not tried selling options in that short of time frame.

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Check out this book. All of his books are great treatises on understanding the nature of volatility in options pricing.

Mike, he might be a good webinar speaker if you can nab him.

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shodson View Post
Check out this book. All of his books are great treatises on understanding the nature of volatility in options pricing.

Mike, he might be a good webinar speaker if you can nab him.

Post it here please:



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Strato View Post
This weekend I watched an interesting webinar on archive here at futures.io (formerly BMT) called something like Beginning Option Trading by Carly Garner, head of Decarly Trading. In her approach she advocates day-trading selling naked options on commodities.

Because these types of trades are unlimited risk and limited reward, many warn against this strategy in this forum. I believe the more vivid analogy used was "picking up pennies in front of a steamroller."

Trouble is, I just started playing around with this approach in my paper trading account today and found myself up $300 in little more than an hour and a half. So in this case, it was stocks, not commodities but Carly advocates this strategy regardless of the underlying. Any thoughts on this?

Edit: I just noticed this thread (plus its a sticky!): which covers most of what this thread might have covered. I am interested in the question: After watching this webinar did it change your attitude for this type of trade?

************************************************************************************
This is just my opinion. Selling naked options may seem attractive, and work great for a period of time.
But the day will come when the Dow Jones will drop 300 points and and the profits you have made for years
will be lost.

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