Tuesday, September 8, 2009

[TheOptionClub.com] Re: Charles Cottle Presentation

 

--- In OptionClub@yahoogroups.com, Ricky Jimenez <rickyjim@...> wrote:
>
> Chris, in the future, I hope you can suggest to the speakers, to
> explain their modifications by showing how they change the trade's
> expiration diagram. I think Charles assumed the viewers had greater
> vizualization capabilities than most of us have.
>
Actually `Position Dissection' otherwise referred to as "breaking a position down" is a concept that many people are happy to learn about. I certainly did not invent the concept as I banged heads with countless floor traders in the 80s and 90s in comparing positions and tracking trades. I might be the first and only writer on the subject, so far, but the purpose of Position Dissection is to get everyone on the same page regarding an option position as it evolves, via trade adjustment, and have a common format so that the esoteric nuances of the trade loses fewer followers of the discussion.

I am certainly aware that, when first presented, people go "WO Boy", but few would argue that traders need to be aware of the concepts to take their trading further. Chris is very aware that we would lose a few viewers and that there would be Deer in the headlights but we wanted to plant the seed and I think we achieved that. Since the recordings will always be available, those not ready now can come back when they are ready. I am happy to continue the discussion with anyone who gravitates to this practice and perfectly understand that Position Dissection and Options, for that matter, are not for everyone.

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