Letters To S&C by Technical Analysis, Inc.
OPTION INCOME STRATEGIES
Thank you very much for the article in your February 2014 issue by Giorgos Siligardos, “Static Option Income Strategies: Do They Work?”
I am one of those option traders who use this particular option income strategy (that is, iron condors). I learned a lot from reading the piece and I think every option trader should read it. So many of the option training materials and classes out there are done by market-making companies or major industry participants outside the realm of option retail traders. As a result, there is little incentive to actually teach retail traders the critical and most important aspects of option trading. They give only basic information and there is little in-depth analysis of the markets. In my opinion, it’s like the casino teaching you how to beat them at their own game, and no casino would do that.
Thanks again for the article. It was a welcome read. I would have liked it if the author had offered more in the way of solutions. I have been successful trading static option income strategies (such as the systematic short iron condor, or SSIC), but I have also lost money trading them. I have only about a few years’ experience trading these strategies, so I need solutions. I hope that Siligardos will put out more solutions and alternatives to the SSIC strategies in upcoming articles.
Please do not hesitate to point me to the best option training out there, as I am constantly seeking ways to improve my trading.