Originally Posted by
JamesBond
Black Scholes is worthless.
And I HATE the comparison of options trading and a casino. If you truly feel that way, then no it isn't for you. You are correct that it is a dangerous game if you don't know what you are doing. So I highly recommend that you educate yourself. After all, flying an airplane is dangerous if you don't know what you are doing, no?
Selling a call option means nothing other than you have to be long the stock you are selling the contracts on. You only limit your profit potential, you cannot lose money if the option is assigned.
Whatever you do, don't buy into these 'systems'. Learn what options are, how they work and be disciplined in your approach executio.
“Hate” is strong stance I’d stay away from that. The conversation was specifically over “covered calls”.
Buying Option Calls or Puts is literally the same as going to the casino. Technically hedgies use it as a “hedge” but unless you have a $100,000,000 portfolio what are we talking about.
I haven’t bought or sold a single Option ever, as you stated I’ve heard all about the horror stories of the Robinhood investors buying up options and getting completely bankrolled.
Your response was nothing more than a rant about nothing, good day.