Plain Vanilla Options Trades.

[dbphoenix]

This post is a disgrace. Just plain gutless. No other words to describe it. Why did you not have the guts to post whilst Albert was still around?

And why don't you do your homework?

http://www.trade2win.com/boards/showthread.php?t=17600

 

[mr.marcus]

And why don't you do your homework?

http://www.trade2win.com/boards/showthread.php?t=17600

.....please...we live in the uk and know the background between vsatrader,albert and co a lot more than anyone on here im sure....albert is no saint...i dont agree with the way he communicates a lot of the time ...i tell him this...but its his choice...he also contributed a brilliant thread in the past.....you wanna rip him when hes back....fine....maybe he deserves it.....to have a poll on his thread when hes not here to defend himself is just plain cowardice,gutless and bullsh!t.



(this post is directed solely at the poll starter and those who believe it acceptable behaviour)

 

[Splitlink]

I think that polling someone, in this way, is shameful. I would advise anyone who respects his own name to not be a part of it, or would it be anonymous? That would be, even, worse.

Split

 

[jacinto]

I think that polling someone, in this way, is shameful. I would advise anyone who respects his own name to not be a part of it, or would it be anonymous? That would be, even, worse.

Split

I told myself not to write a single word on this thread again.

The only reason to write is to strongly agree with this post. It is shameful to do this.

edit: and to strongly agree with the others that have mentioned the same thing to. sorry MM

 

[Profitaker]

Mr Marcus

Socrates has deceived everybody here on a grand scale. If there was money involved he would have been arrested by now. It is Scorates who is gutless, cowardice and full of bullsh!t, not the vast majority of people here.

As for the pole, I say bring him back - the entertainment value is now outstanding, and it's still free !

 

[mr.marcus]

Mr Marcus

Socrates has deceived everybody here on a grand scale. If there was money involved he would have been arrested by now. It is Scorates who is gutless, cowardice and full of bullsh!t, not the vast majority of people here.

As for the pole, I say bring him back - the entertainment value is now outstanding, and it's still free !

......i suggest both yourself and john read my post again....i said i do not defend Socrates..i said he may deserve a lynching.....i said that starting a poll is gutless.......and so did sandpiper,splitlink and jacinto.....so prey tell why do you both choose to misrepresent my post....i stand by the fact that to wait and start a poll when he has left is gutless and shameful....my post is directed just at manby.so i suggest if you are goin to have a go at me you are at least consistent and have a go at the others.also you are comparing apples to oranges.....albert may be these things......but do you believe in punching a man in the face from behind.....if you want to confront him why not do it to his virtual face when he can defend himself...im not gonna argue this....his behaviour does not exonerate the behaviour of others..

i repeat....just in case its been forgotten again....i do not agree with albert....i do not defend his actions.....but i still believe there's a way to do these things...thank you.

maybe my wording was a bit vague...i was refering only to the poll.

 

[Profitaker]

Thank you.

 

[Charlton]

.....please...we live in the uk and know the background between vsatrader,albert and co a lot more than anyone on here im sure....albert is no saint...i dont agree with the way he communicates a lot of the time ...i tell him this...but its his choice...he also contributed a brilliant thread in the past.....you wanna rip him when hes back....fine....maybe he deserves it.....to have a poll on his thread when hes not here to defend himself is just plain cowardice,gutless and bullsh!t.



(this post is directed solely at the poll starter and those who believe it acceptable behaviour)

Mr Marcus

I agree with you and a number of others that this kind of poll encouraging other members to vote on a person's contribution to the site must not be condoned by T2W and for that reason I reported the post in which the poll started. The only vehicle for acknowledging someone's contribution in a constructive way is the official T2W annual poll. If a member oversteps the mark with regard to T2W guidelines then there is the report bad post option.

The above remark should, however, not be read as my condonance of postings by Socrates (nor for that matter CYOF) in recent weeks here or at the "other site". Reference to members of T2W, in generality, as monkeys, dunces and the such-like are indefensible and, IMHO, just as bad as attacks in the same language on individual members. For that reason I have asked the mods if the guidelines can include bans on general insults and attempts to disrupt the site.

Charlton

 

[credo]

Possibly. But when someone signs on new, makes three posts, and makes demands by the third, it begins to sound like the same old multi-nick song.

As to Glenn's post, I believe he was referring to Albert. If so, I've wondered the same thing for several years now.

Db

I apologise unreservedly to one and all if I came across disrespectful. I'm here to learn. Sorry about the caps and bad punctuation. I hope that proves I'm not Socrates.

 

[mr.marcus]

Mr Marcus

I agree with you and a number of others that this kind of poll encouraging other members to vote on a person's contribution to the site must not be condoned by T2W and for that reason I reported the post in which the poll started. The only vehicle for acknowledging someone's contribution in a constructive way is the official T2W annual poll. If a member oversteps the mark with regard to T2W guidelines then there is the report bad post option.

The above remark should, however, not be read as my condonance of postings by Socrates (nor for that matter CYOF) in recent weeks here or at the "other site". Reference to members of T2W, in generality, as monkeys, dunces and the such-like are indefensible and, IMHO, just as bad as attacks in the same language on individual members. For that reason I have asked the mods if the guidelines can include bans on general insults and attempts to disrupt the site.

Charlton

.....100% agree on all points....all bad behaviour must consistently brought tot task....bad behaviour doesn't exonerate more bad behaviour also.

 

[trendie]

amazing! posts about Soccs , even when he isnt here.

we cant have it both ways; complain about him when he is here, and now when he isnt.
(he must be aughing his head off at being the centre of attention, even now)

why dont we have a 5-day period of quiet, (no posts), inward, reflection.

OR:
when he returns, let him know in no uncertain terms, we can conduct a meaningful thread about real ideas, and principles, that are objectively quantifiable, and teachable.

Gamma, anyone?

 

[credo]

Erm it's wouldn't be quite that simple, there would be a number of factors to consider, for example the ability to write hundreds of contracts a month may make an edge worthwhile whereas the ability to write a handful may not, the point being (and I know some will say there is no edge and as I don't know a great deal about options, I wouldn't want to get into an argument about that,) but assuming an edge existed, does not mean that it is suitable for everybody to exploit. I like beer, and like to drink a lot of it, now if I ran a pub I'd have a real edge in the price I could get my beer for, but it would be a lot of trouble to go to for cheap beer.

thank you roguetrader. I dont deal in options specifically per say, however you confirm the fundamental axiom which seems to evade one and all here. As long as humans are involved in any market condition demand, supply and price action are the three principles in play. These three factors are not easily understood. Money is made if you get the price correction action correct, and lost if you get it wrong.
Some of you contributors have been very unfair to Socrates, as what he has not been able to get coherently across to you is the psychology that drives price action. He has in his threads been focusing on the outer - circle that envelopes and affects the core (ie price action).
For information - I teach Economics, I part - time trade and for those with swollen ego s just a reminder you dont have to be a rocket scientist to recognise the moon.

 

[Crap Buddist]

hmm, well someone posted something a while back about scales of intelligence, .ie

discussing people, low, events -middle , ideas - best policy.
something like that . This thread had an idea, then events.... started by a person. rightly or wrongly human nature will tend to follow through and put crosshairs or medals on the person at the end of the day.

God help us all. And if he dont float your boat, help yourself.

let he who is without sin cast the first stone, well ,for good reason I reviewed this thread and compared or felt similarities with it and the film casino, when Joe pesci and his bro were taken to the desert and out came the baseball bats. Ping, pow, ooof, Take some of that you dizzy mo fo.

It makes great sense to stick to discuss the events and ideas , and not personalise by judging the person.

However, as trading is about performance? I think its o.k for that to be judged.

Now ,who's job is it to excuse others?, what judgements are we making when we say this, whose values are the right ones, according to whom? At the end of the day, it has to be ours, for our self.

As has been suggested we define ourselves in pure form in the markets?, do we not also do this when we judge others, self definition again. ?

I dunno all we can do is see where others (and ourselves) are with their current thinking, and thats it I think Throw bricks, or throw flowers, help or not. speak out or remain silent. The choice , thats the point ,isn't it? recognising that we always have one. Thats freedom, isn't it?

 

[Profitaker]

Credo

Re: your post #1796

Yes, supply and demand dictates the price of options, as it does everything in a free market. Yes, if there was any inherent edge in writing options then there would be an over supply which would drive the prices back to equilibrium and the edge would no longer exists. Basic stuff.

But the cost of an option should not be looked at in terms of pounds, shillings, and pence, but rather the volatility implied in the option price (IV). The March series are just about to expire, and the 20-day historic volatility of the Footsie has been 19.08%. Anybody that sold March options at an IV > 19.08% had an edge, and anybody that bought options at an IV < 19.08% had an edge. Whether that edge transpired into profits would depend on any directional bias they may have taken, if any. Edge does not necessarily equate to profits, in the short term.

This forum is about options, and this thread about edge. Why doesn't Socrates take his physcology to the appropriate forum, where I'm sure it will be given the credence it deserves.

 

[ian]

Oh come onnn....this thread was never started to prove anything! Realy, old Albie was simply using this thread as another recruiting ground in which to line his coffers and quench his ego and most here knew that as fact.

We should let him back in, let him strut around in his little world exposed to all, why lock the bogey man back in the cupboard and turn off the lights?

The best thing that could have happened did happen, the market karma caught up with him and gave him a good kicking.

This thread should be saved for posterity in the Knowledge Lab.

 

[A Dashing Blade]

To be honest, the thing that's not making sense to me is that I would have thought that Socrates would have known that his claims of a pre-emptive close-out were easy to verify ie that information was effectively in the public domain.

Furthermore, he must have appreciated the risk to his reputation (ie a redution to zero) that making false claims, if found out, would incur.

Ergo, as it is demonstrable that there has been a degree of, shall we use the euphamism "borrowing", of usernames amongst that crowd, I suspect that that wasn't Socrates posting.

 

[Profitaker]

To be honest, the thing that's not making sense to me is that I would have thought that Socrates would have known that his claims of a pre-emptive close-out were easy to verify ie that information was effectively in the public domain.

I disagree DB, I don't believe he would have known that. His options knowledge is slightly better than non-existent.

 

[credo]

Credo

Re: your post #1796

Yes, supply and demand dictates the price of options, as it does everything in a free market. Yes, if there was any inherent edge in writing options then there would be an over supply which would drive the prices back to equilibrium and the edge would no longer exists. Basic stuff.

But the cost of an option should not be looked at in terms of pounds, shillings, and pence, but rather the volatility implied in the option price (IV). The March series are just about to expire, and the 20-day historic volatility of the Footsie has been 19.08%. Anybody that sold March options at an IV > 19.08% had an edge, and anybody that bought options at an IV < 19.08% had an edge. Whether that edge transpired into profits would depend on any directional bias they may have taken, if any. Edge does not necessarily equate to profits, in the short term.

This forum is about options, and this thread about edge. Why doesn't Socrates take his physcology to the appropriate forum, where I'm sure it will be given the credence it deserves.

but the volatility is driven by human action and reaction ergo psychology. I will give you an example. Fisons developed a cancer drug which was at the point of release looking very promising. Fisons shares shot up. However towards the end of the research there was a small fatality risk in the use of this drug. It was still going to be given a license Fisons revoked the drug. The share price of Fisons shot up even further. Contrary to what should have happened.

 

[Profitaker]

Yes, the volatility of the underlying is driven by human action, ergo psycology. Not entirely sure I follow your point, but are you saying psycology should be discussed on an options thread because it's relevant ? If so, then the same would apply to all other aspects affecting the bottom line, including Technical analysis, Fundamental analysis, Brokers, Software, and so on, no ?

 

[wasp]

This thread has been about nothing but psychology. Socrates trying to boost his, and plenty ready and waiting to shoot it back down. That's why its had so many views.