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Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Oh this is so funny...

Do you not know that covered deep-in-the-money calls have the same risk profile as a naked otm put? Do you ever look at a risk graph? Do you understand synthetic relationships in options?

I read one of Charles Cottle's books which turned the lights on for me. If you think naked otm puts are too risky to trade but you are trading covered deep ITM calls, then you have no idea of the risk you are taking on. And, if you are borrowing for your shares to cover your itm calls, you will be paying considerably more in interest than what you would pay for an otm put. AND you will be paying more brokerage with two positions instead of one and often shares are way more expensive in brokerage.

But that's OK - you are making money for your broker and your lender. Remain ignorant, but don't make a bigger fool of yourself. Get properly educated in options if you are going to trade them. And I mean that sincerely.

<blockquote data-quote="sails" data-source="post: 754229" data-attributes="member: 1340">Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?Oh this is so funny...<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin&nbsp; &nbsp; :D" loading="lazy" data-shortname=":D" /><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin&nbsp; &nbsp; :D" loading="lazy" data-shortname=":D" />Do you not know that covered deep-in-the-money calls have the same risk profile as a naked otm put?&nbsp; Do you ever look at a risk graph? Do you understand synthetic relationships in options?&nbsp; I read one of Charles Cottle&#039;s books which turned the lights on for me.&nbsp; If you think naked otm puts are too risky to trade but you are trading covered deep ITM calls, then you have no idea of the risk you are taking on.&nbsp; And, if you are borrowing for your shares to cover your itm calls, you will be paying considerably more in interest than what you would pay for an otm put.&nbsp; AND you will be paying more brokerage with two positions instead of one and often shares are way more expensive in brokerage.But that&#039;s OK - you are making money for your broker and your lender.&nbsp; Remain ignorant, but don&#039;t make a bigger fool of yourself.&nbsp; Get properly educated in options if you are going to trade them.&nbsp; And I mean that sincerely.</blockquote>

[QUOTE="sails, post: 754229, member: 1340"] [b]Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?[/b] Oh this is so funny...:D:D Do you not know that covered deep-in-the-money calls have the same risk profile as a naked otm put? Do you ever look at a risk graph? Do you understand synthetic relationships in options? I read one of Charles Cottle's books which turned the lights on for me. If you think naked otm puts are too risky to trade but you are trading covered deep ITM calls, then you have no idea of the risk you are taking on. And, if you are borrowing for your shares to cover your itm calls, you will be paying considerably more in interest than what you would pay for an otm put. AND you will be paying more brokerage with two positions instead of one and often shares are way more expensive in brokerage. But that's OK - you are making money for your broker and your lender. Remain ignorant, but don't make a bigger fool of yourself. Get properly educated in options if you are going to trade them. And I mean that sincerely. [/QUOTE]

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