Re <<ignorance is bliss>>
I as electrical engineer was once upon a time fascinated by the black & scholes option pricing schema, and was able to derive the schema from wave equations.
Truth be told, on SI-recorded option trades which probably accounts for 90% of all trades, I have never ever applied my one-time option education to real life trades.
To quote the jack, “it’s too complicated”
And so am condemned forever to take the easy way out w/r to option trades
(1) place left elbow on desk, right hand against forehead, palm facing outward, and put on frown
(2) put left hand on waist near belt line, lean body onto right elbow
(3) concentrate, sense the force
(4) generally, in the majority, only short naked puts and covered calls
(5) mostly only buy options to close out an existing short position
(6) sometimes i experiment, other times i sleep on it, and very occasionally i say, “what the heck, just do it”
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