I did an interview over at Optionetics a few weeks back and it looks like they’ve posted it in three parts. It looks like they “edited” one of my answers related to options. Here’s how it originally read. You can read how they changed it on the first part of the interview. BTW, I’ve got no problem with the edits – I just found it interesting.
Question from Optionetics: Do you ever use options and if so what are your favorite strategies?
My Answer: I don’t regularly trade options. Until relatively recently, I thought options were just a more complicated way for most people to lose money. I still think that to some extent – a lot of traders fall into the trap of thinking that trading strategies that work are complex when usually the opposite is true.
As an intraday trader trading equities, I’m always looking for volatility and when you go back and look at a daily chart of the Qs there’s a lot of sideways action with no direction either way. If I had to trade options, I’d probably trade a strategy that tries to capitalize on this non-movement.