Hi Zig Forums, I'm the previous user from the options trading methodology threads a few months back. (warosu.org/biz/thread/S16474675#p16474675) I apologize for my absence since I stated that I would try to make these threads consistently to provide you all with useful information you would need to become retail traders yourself. I appreciate all the feedback and those who contacted me directly through email for inquiries. I have my reasoning for not posting but I'm trying to provide what I promised; that being information and answers to questions you might have. To go over what my background for anybody who hasn't seen my threads before, I'm a professional retail trader, (professional meaning consistent and it being my occupation) for some time now using a mechanical trading methodology.
I've created a discord, along with a discord server catered to my specific methodology, which is actually based off of the TastyTrade methodology (which if you've never checked out, is well worth the visit if this is something you want to actually do professionally. It's more than financial media, it's education.) So if you are interested in what I've just now discussed, or are a previous contributor to the older threads, I hope that the discord server will provide you with a resource where I and others can help you become a professional yourself. Thank you for all the feedback especially through my email : [email protected]. I will provide a discord link to the server through my account if you'd like, simply inquire in the comments. Regardless, this is still an options trading thread for anybody on Zig Forums who wants to ask a general question! Hopefully I can help, thank you all!
I plan on making the generals here if there's enough interest. Discord allows me to create catered generals within a server where I can discuss whatever might be in question with the same people consistently. It's not as easy doing it here though I don't find it bothersome. I made generals here and people remarked they should be grouped together with the /smg/ threads which I found absurd. To reiterate, I'll make these threads if the demand is there, otherwise the discord will be a priority. I already have a small following (small indeed) but it's still easier for me I find. It's not hard to differentiate myself here since I'm the only one who goes over stock options mechanical methodology, and I try to make my threads recognizable showing it's me. If you don't favor discord this will be my outlet to you, otherwise feel free to inquire to join and I have no issue. Just here to provide information and help.
I never found discord to be favorable until I used it. I provided my email in my older threads and received lots of positive feedback, however using my email to go over subjects and explain whatever was at hand was cumbersome, if you have a better alternative besides threads on Zig Forums, I'd like to hear it. You can go over my older threads through warosu if you don't find what I'm going over legitimate or if you find it to be similar to a reddit post.
>if you have a better alternative besides threads on Zig Forums if you think that Zig Forums is inferior or insufficient for your little circlejerk, then fuck outta here and stop using this board to promote your "superior" forms of communication if you can't make it as a thread or a general on Zig Forums, then don't bother making it. Or you're just an advertising shill trying to squeeze some free ad impressions from us.
Ian Gutierrez
based and /thread
Nolan Thomas
I've made lots of threads on Zig Forums, I mentioned you can check the archive for the other threads. I've been here a long time as a lurker and about a year ago provided threads for what I'm familiar with. (I just ran into some family issues and didn't have the time to post.) As well, I have no reason to promote what I'm talking about, it's merely for discussion purposes (as were the older threads) to help other anons as they've helped me. >>>Everything I know is available on TastyTrade's website
I see your reasoning! John traded using emotion however, not with a mechanical methodology. I as well awaited his penis eating, sadly to no avail.
Evan Cox
Shameful bump again...
Caleb Brown
Can someone explain me how the fuck options work? I read some explanation but I don't get it. It's like margin trading in steroid?
John Wilson
Feel free to add me on discord is you have it with the provided username in a previous post for more information. Options are contracts that control a specified amount of shares of an underlying. (usually 100 shares) They allow the buyer of the contract to purchase 100 shares of the underlying at a specific price before a certain expiry for a payment to the seller (Call) or They allow the buyer of the contract to sell 100 shares of the underlying at a specific price before a certain expiry for a payment to the seller (Put). The two contracts that exist are Calls and Puts. Calls allowing you to buy shares, and puts allowing you to sell shares. Since these contracts have a time restriction, they decay in price, specifically regarding Extrinsic value. These characteristics being time, premium, and strike, allow an options contract to carry complexity. The complexity allows an options seller to take advantage of things like time decay, POP, and IV (preferably IVP or IVR)
Elijah Butler
Options in short control 100 shares in most cases of an underlying, and allow the buyer of the contract to buy or sell shares at said price before an expiry, for a price (no right to perform an action is free!). They have the right but not the obligation. Honestly the basics are better explained through a detailed video. Once the basics are understood, everything else becomes easier. If you are ok with taking my word, options are preferable to buying / shorting stock in all scenarios. You can make money if the market moves up, down or sideways (depending on the spread) Check out an undefined risk spread like a strangle or straddle, my personal favorites. I personally recommend this playlist: youtube.com/watch?v=GzkKFRx1Dhk&list=PLhKnvfWKsu42LtgQmXvuFIf7wveXup1Fm&ab_channel=OptionAlpha
Tastytrade is a network which provides the best trading advice you can get. Go from there and you won't be disappointed. The WDIS : Back to cool series is perfect for beginners. Sorry if this isn't enough to clarify! I can almost add more detail, just takes more posts!. Watch what I provided and you won't be disappointing if you understand the jist!
Mason Cooper
I am a professional options market maker (in natural gas) would be happy to answer questions here
Alexander Cox
Happy to have you.
Logan Price
How many times has the EIA report fucked you?
Jeremiah Stewart
Its super rare, we pull our quotes before hand and are always pretty delta hedged so unless we move like 0.10c+ its never a big deal
and these days the estimates are so good that the number is never really a surprise
Dominic Howard
What do you guys think of the Balck Scholes model? I learned it during my master studies and always thought that this cannot be the solution to option pricing.
Cooper Roberts
I use it every day at work, it has its drawbacks but performs fine for the most part
Oliver Brooks
I think you should fuck right off to Reddit. Saging your stupid thread. You're gonna end up like Scooby.
William Morales
Tell your boss to cut your pay, whatever you're earning you definitely deserve less for making these low effort shill threads
Aiden Anderson
You don't need to understand or know the Black Scholes Model to understand probability or pricing of option contracts. It's just not necessary given the information provided through your brokerage trading platform like TOS or TastyWorks. I've traded for quite some time without understanding the Black Scholes model to entirety and this opinion is reinforced by Tom Sosnoff through his TastyBites show from tastytrade. You don't need to be a mechanic to drive a car, nor do you need to understand a model to trade and understand the basics of options pricing. Through experience, you'll come to realize what you figure you might need to know never comes to fruition (granted not with everything but some things like this), which is a good thing! All in all, it's fine to know, but you'll never use it with any real methodology, though knowing it won't hurt you. This is from my own experience of almost a decade of trading, so take it as you will, tastytrade will reinforce what I've just stated with more backing if you'd like that. Great question though, I've gotten it before.
How exactly is this a shill thread? You don't need to be part of the discord group if you don't want to be. Just ask something and I'll answer it for you. I never was called a shill in the previous threads so I figure it has something to do with the discord. I said I'll make more of these if there is an interest so I'm not sure what you're trying to imply? I made over 10+ of these threads with a great response from fellow anons so I figured this wouldn't be different (Not that there weren't people like you in the older threads doubting me, there were). Don't be frustrated that I'm not creating another horrible crypto thread, again please tell me why I'm being a shill since I don't know what you're getting at. I'd figure some of you would appreciate an informative thread which that's all this is.
Eli Bailey
You seem to be angry for no discernible reason. I can only wish you luck and maybe you'll have a change of heart in a future thread. If there is something I can change to better help, feel free to tell me.
