You're Not Trading. You're Underwriting. | Tiger Seminar
Most people meet options by buying one. It expires worthless, and that is the end of the
story.
Somebody was on the other side of that contract. That side is not a trade in the usual
sense — it is closer to writing a policy. You accept an obligation, you get paid up
front, and then you carry it.
On Wednesday 26 August I am speaking at Tiger Brokers' Singapore office about what that
actually involves.
What I will cover:
- The wheel, worked end to end with round numbers: cash-secured puts through to covered
calls, and what actually happens when you get assigned
- Diagonal call spreads as a lower-capital alternative — and why lower capital means
leverage, not a free lunch
- Where the carry genuinely comes from, and why time decay is only part of the answer
- The honest shape of a premium-selling P&L: eleven quiet months, and one that is not
- Position sizing, and the concentration mistake that taught me more than any winner did
It is built for a mixed room. If you have never sold an option, you will follow all of
it. If you are already running spreads, the risk section is the part worth your time.
Two things it is not: a list of tickers, and a pitch. Every example uses generic stocks
and round numbers. I am not a licensed financial adviser, and nothing on the night is
advice or a recommendation — it is education about mechanics, including the parts that
go wrong.
**Wednesday 26 August, 7.00–8.30pm**
**Tiger Brokers, 1 Raffles Place, Tower 2, Singapore 048616**
**Sign up: https://tigr.link/s/20IYfp1**
Come with the awkward questions. Those are the ones worth answering.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- MosesMoses·16:42Would love one concrete example of that ugly month — max intraday drawdown and the mental pressure matter way more to a newbie than the smooth carry partLikeReport
- ClarenceNehemiah·16:42Insurance analogy works only halfway — actuarial tables and Greek-driven pricing are not the same game. The gap matters more than theta hereLikeReport