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There are literally hundreds of option strategies that work under different
circumstances. The thing to remember is that options are directional
instruments that I feel were meant to be traded, not held to expiration.
There is delta neutral trading, gamma neutral trading and there are those
that trade horizontal, diagonal and vertical butterflies and condors. There
are those that trade out of the money ratio time spreads that work. Some
buy the spreads and others sell the spreads depending upon the situation.
There is no one right way, there are just varying degrees of risk and profit
potential.
----- Original Message -----
From: "John Cappello" <jvc689@xxxxxxx>
To: <Realtraders@xxxxxxxxxxxxxxx>
Cc: <MedianLine@xxxxxxxxxxxxxxxx>
Sent: Wednesday, January 01, 2003 8:49 AM
Subject: [RT] Zero Premium Vertical Diagonal Puts
>
> At one time there was a poster on these lists who was banned for his
> lengthy controversial ridiculing of others. His claim to fame was
> Zero Premium Vertical Diagonal Puts as I later found out. Plus he was
> always "calmly" making money while all of us were stressed out and
> with closed minds.
>
> He claimed that if the difference were only 2 to 3% the risk of loss
> is low and the probability of gain is high. He also espoused adding
> spreads as the prices changed.This explanation and my investigation
> is by no means comprehensive...
>
> I followed it for 2 months and was not impressed which may not have
> been long enough. Any one else have any experience with these and
> what has your impression been.
>
> They can also be termed zero premium calendar put spreads as I saw
> from the literature. I believe the above unnamed person created his
> own name for this method.
>
> Any ideas,
>
> John
>
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>
>
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