SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Option Spreads, Credit my Debit
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jjs_ynot who wrote ()6/23/1998 2:36:00 AM
From: ccportfolio  Read Replies (2) of 2317
 
I just received a book from Windsor Publishing, called
"The 100% Return Options Trading Strategy".... while the title is enough to scare anyone off who knows what sounds too good to be true usually is....i'm intrigued by what appears to be a strategy that makes a hell of a lot of sense. The author, Jon Schiller, primarily espouses what he calls a 2 sigma covered short spread on the OEX. That is selling calls 2 standard deviations above the OEX and purchasing a call 1 strike price further out. And also selling puts 2 standard deviations below the OEX and buying a put one strike price further out of the money. This results in a net credit...and according to Schiller, the strategy makes money approx. 95 % of the time because the OEX generally doesn't swing either direction that far in a month time period so the spread expires and you keep the net credit the vast majority of the time... When the market does move against you, corrective action still keeps you in the game for the long term.

This book is NOT an easy read and I'm absolutely certain I don't understand all the intricacies of it...but I'm wondering if anyone has any experience either with the 2 sided covered short spread strategy or with Schiller's strategy in particular....?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News