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Re: KCU / Steve H
By:Barefoot
Date: Monday, 30 June 2008, 10:22 am
In Response To: Re: KCU Futures / Barefoot (Steve H)

I continue to regularly chip in further Call Sales as able on rallies, but as Sister's Jock goes to the whip it gets harder and harder to get juicy fills. Which btw is exactly what I warned about a week or two ago, i.e., grab that saturated IV pork fat while there. Which is why I also questioned possible Errors of Omission at the time, one knows those absurd IV extremes last not long. Am happy to report I have NOT made EOMs on these, have sold and sold and sold very regularly and starting juicily early.

Friday sold one round KCQ 200 Calls for 45 pts., today sold one round KCQ 190 Calls for 40 pts, unable both days on scales higher. Today's rally both surprises me and seems silly to me--look at fresh Crossage, Spreadage, Weatherage, and Calls versus Futures--yeesh. Perhaps today's rally not unconnected to end of month & end of quarter?

To your history question--yes in a past lifetime I did trade Futures for many years. Worked with several different methods--some were effective, some not. But I simply don't like the Futures game--too much randomness compared to Option Selling's elegant precision and edge.

JMO,
Barefoot

Responses To This Message

Re: KCU / Barefoot
Steve H -- Monday, 30 June 2008, 11:27 am
Re: KCU / Steve H
Zero -- Monday, 30 June 2008, 11:19 am