Re: [Option_BWBs_and_Collars] Re: Group Purpose and Future Direction
Neal Chabot
Hello Ajay,
Thanks for your post. Yes the original purpose of the group was to cover BWBs and to examine the claims made in the book about BWBs which most people bought. I believe we did that over the years. Naturally a manual like you mention would pull out the important things that we have discussed here and make it easy for others to learn. For a long time I had planned to write a book which would highlight some discussions we have had here, to correct the false ideas from the previous book, and to discuss constructing and adjusting the BWB. Unfortunately I have not done that yet. Looking back I think I do better creating by corresponding with another or a small group. Thanks for your input.
Neal
From: "AJ" <comedyn...@yahoo.com>
To: "Option BWBs and Collars" <Option_BWBs...@yahoogroups.com>
Sent: Saturday, May 7, 2011 6:36:32 AM
Subject: [Option_BWBs_and_Collars] Re: Group Purpose and Future Direction
This is a good post from Neal. Since one of the original purposes of the group was to thoughly cover BWBs and RWBs, it seems that is the way to go. Specifically, I suggest a little manual with a couple of topics. One, define a BWB; two advantages and disadvantages over other spreads; three how to construct; four some of the key adjustments which depend on how the underlying moves in relation to the strikes of the BWB. The same should be done for RWB. Then we can feel that we achieved a key goal of the group and we can move on to other topics such as collars and their adjustments......Ajay
--- In Option_BWBs...@yahoogroups.com, "Mystic Neal" <sire@...> wrote:
>
>
> My apologies for the spam today. Despite best efforts some spammers
> manage to sneak in.
>
> This group was established to investigate the truth behind claims in a
> book about the BWB strategy, and during the past years we have
> accomplished that purpose. The group further explored collars and
> other advanced option strategies. I hope the members are satisfied
> with these accomplishments.
>
> If the members so desire, now we need to take the group in new
> directions. Most of our 700 members are intermediate to advanced option
> traders, so there are many possibilities about what to investigate and
> discuss. Please feel free to post your ideas to the group or email me
> privately. If some members are interested in having an administrative
> function, we also need another moderator or two.
>
> Neal
> moderator
>
