Hi, Hap. Nice to see you here. Where in CA are you living now? I'm in Orange County, Laguna Beach.
I like your option trading strategy. There are just so many possibilities when trading options, and lots of ways to create low-risk trades. Wish there was a "no-risk" formula, but if there is I haven't found it yet, LOL.
Good to hear you are still trading. Funny, but you might remember Zeev never traded options and advised others not to as well. Most people are frightened off them (I was for years) because of the statistics showing most options expired worthless. Well, what they don't tell you is those are the options actually held to expiry, and most are not held that long. I can't remember the last time I actually bought an option -- I only sell them, and selling naked puts is my favorite play.
Cheers, Newly
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