sec2100 發表於 2017-4-16 09:06:56

選擇權賣方如築牆,籌碼如磗塊,用紀律去適應不同的環境

本帖最後由 sec2100 於 2017-4-16 10:39 編輯

writing options is a process that requires a lot of patience and discipline.

you're basically building a wall one brick at a time.you're certainly not going to build it overnight. some weeks go by, and things could go very smoothly. there are some 3-day weekends that you don't even have to put in any work, and the wall still builds itself. but sometimes there might be some strong winds that come out of nowhere and knock a few bricks down. when that happens, you can't stand there, fold your arms, and be lazy. you have to sweat it out a little, rework your wall, and repair the holes to prevent any further damage. if you don't, then you're risking the possiblity that more bricks could fall, and the number of bricks falling could add up quickly in a storm. if it's 5 bricks falling today, it could be 10 bricks falling tomorrow, or 15 bricks at once the day after that... you can't allow that to happen.

that's why you have to be disciplined. it's also important that you should be keen as to where to build your wall in the first place. some environments have very chaotic weather that could arrive frequently to ruin your wall. but some places are pretty stable and are less unpredictable. it might take you a little longer to build your wall in the more stable environments, but you should have an easier time because you won't have to deal with that many surprises throughout the year, or even the decade, so your wall could very well end up pretty strong and grand by the end of that time if you've picked a good place to build and have been disciplined/dedicated with your work every morning.

資料來源: elitetrader.com
作者寫作日期: 2005年7月29日

Jim 發表於 2017-4-16 18:46:03

I'd like to share my trading on Friday.
I always trade around delta -0.1.
I laid bricks gradually there with the front spread optionin Apr, MOP05-SP92BP93, the ratio was 2:1 before Last Friday and it is 4:1 now, very risky.

The puts didn't rise much before noon on Friday, and then I sold more puts, I thought I was able to buy some protections later on that day.

Surprisingly the put prices took off, it was almost 2 times higher in the last hour.
I revised my price many times but still couldn't make the deals.

I thought I was disciplined, however I didn't understand how well I was in ordinary trading days.

sec2100 發表於 2017-4-16 19:10:19

Jim 發表於 2017-4-16 18:46
I'd like to share my trading on Friday.
I always trade around delta -0.1.
I laid bricks gradually th ...

五月的put,93/92 ratio spread,1:4。我想如果是這樣的話,應該還好。但如果口數很多,資金相對不多,危險也不小。可以在星期一再做調整。北韓試射飛彈失敗,所以周一應該還好。
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