I think there's a lot to be said about having a private thread, we're kind of advertising our trades to the public here, along with our strategies, is that really wise?
I'll add support for the private forum, as long as I get an invite
Also, if it goes private, there should be some way of allowing new users in from a public discussion - so as not to create an echo chamber.
Several posts about a private forum or slack channel. The challenge I see with these is that I think that people will rarely participate in both. If that private forum provided the participants with enough ideas, discussion, and input, then they are unlikely to also post in this thread. And I've seen today just how many lurkers and first time participants we're attracting (good thing - anybody reading the whole thread will quickly see the value of new participants adding their own observations, experiences, and insights).
Then again it'd be pretty easy for somebody to start a slack channel and start inviting people privately, and participants in this thread would never know. Except that maybe the post rate would go down and some people would disappear
We've also seen a number of observations about the challenge of so many accessible posts about specific trades. I'm confident that if our volume grows large enough, then we'll also get to experience some market maker efforts specifically designed to pick our pockets. I don't think we're anywhere close to that, and it might be we're multiple orders of magnitude away from enough volume to attract that attention, but its also the case that our total contract counts has skyrocketed with the spreads over the short puts and calls the thread started out with. I know mine have - like more than 1 order of magnitude.
I'm just always cognizant of the idea that if something looks like free money, then it isn't; there are always better funded market participants with better technology to exploit speed and quality of fill, than anything any of us have.
On the naming front I'm in the camp that the name needs to include something about selling options. That doesn't and won't mean that there is no discussion of buying options, but I think the name and tenor of the ongoing discussion will be enough to steer option buyers to the Options Trading Strategy/Advice thread.
Definitely take the reference to the specific strategy of The Wheel from the name. And don't add bull put spread to the name - for all we know, a year from now these BPS things will be so last year
And I think I've seen enough ideas, whimsical and serious, to come up with something pretty good. Good mostly means accurate and descriptive. Heck - the current misleading name is still doing a good job of helping people get to the thread, so we've got a lot of wiggle room for a successful name.
I've got other stuff to do for a bit - I'll be back later this afternoon to try and summarize what I've seen.
I expect that post #1 will get updated to include a link to the wiki / glossary. The idea here is that we'll still be able to point people to the start of this thread (post #1), which will in turn point to the glossary / FAQ. and let them know that's the baseline knowledge we assume
And it won't matter whether the FAQ is on page 1 or 10 of the main forum - people will reliably get to it. That baseline is going to be growing a lot larger!
