The real edge in options is not some secret Greek formula, it’s your behavior...
You buy calls & sell portfolio secured puts when sentiment is terrible and everyone is convinced the world is ending. You close out them when sentiment is euphoric and your Uber driver is suddenly an options expert. That’s how you use human emotion to your advantage instead of becoming a victim of it.
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The real edge in options is not some secret Greek formula, it’s your behavior...
You buy calls & sell portfolio secured puts when sentiment is terrible and everyone is convinced the world is ending.
You close out them when sentiment is euphoric and your Uber driver is suddenly an options expert.
That’s how you use human emotion to your advantage instead of becoming a victim of it.