[dixonge]

Quote:

Originally Posted by ERD50 Compared to B&H the index, your chances of losing everything on that transaction, or even losing half of it are much higher. So how is that "alleviating some of the risk"?

Keep in mind that most of my comparisons are to straight options. Buying a put has a certain amount of risk - selling a put against it lessens that risk, and vice versa. Both would be more risk than buying straight shares of an index ETF.

Quote:

Originally Posted by ERD50 I actually do think you can make *slightly* above B&H rates with some options added in, but I don't believe it can be a big number. Any big number will get noticed and absorbed by the market.

So in other words no one has any chance of beating the historical rates of index B&H? All those money managers and fund managers and mutual funds are just useless?

Quote:

Originally Posted by ERD50 If you really think you can find a niche that the rest of the market is blind to, and that they are willing to turn their money over to you month after month for years on end - then the "insane" part of the thread title (that you reminded me of) fits, IMO. Good luck to you, and keep your eyes wide open in case your luck runs out. -ERD50

As I stated earlier, I'm not married to any strategy. I've used several, and if flaws appear, you move on. But I don't need the entire market to be 'blind' to what I'm doing, just one or two people at a time willing to buy what I'm selling. I don't care why they are doing it, and they don't have to be some gullible fool either. There are perfectly legitimate reasons for buying debit put spreads while I'm selling credit put spreads. Each month a different person can do so for different reasons. And they have been so far. And if that's crazy I hope none of us are ever cured!