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Ol’ Wisco | This was a strategy. Never advocated selling outright calls.
I know a lot of guys who were sold at $5,6,6.50 in 12’ who were worried to death about margin on forwards until they realized they had HPO.
Without HPO you are taking for granted what you can produce and that you are able to predict markets.
I know one thing for sure Mother Nature and markets will humble you real quickly. I can’t predict either and I accept that and do what I need to manage risk on both fronts. You obviously haven t trading in markets very long because one day you will be humbled or you wouldn’t speak like you can read the future. I hope you learn that sooner rather than later. | |
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Taking advantage of Call skew
