Delta Neutral & How To Stay That Way

DISCLAIMER: I am not acting as a licensed financial adviser. These videos are for educational and entertainment (I have been told by my wife this stuff is boring so it is mainly educational) purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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[sharonnarbona]

Thank you Karl for the great video about delta neutral.
You've explained the consept in an easy way to understand.
Having a look at my "Safe wheel strategy" I see that I have a negative delta of -35, theta of 17 and Vega 11.
So my position is bearish and I have risk to the upside even though I bought the 5 cent call option?
Thanks.

[JD-mbnc]

Thanks for showing us how to get delta neutral. If you would explain more about option net explorer and how to use it to create more complex trades I would definitely be here to watch. I'm also interested in learning about first and second order greeks and what our objectives should be to create trades that use the greeks to our advantage. I'm also very interested in learning more about margin accounts. I have never used one and want to learn how to do it in a very safe way. If you could show us how to run back tests that would also be helpful so we can verify trade structures for ourselves. I fully understand if you only share this info through membership.

[iamtheonewhoknocks]

Can you make delta as well as gamma neutral?

[shainowen]

Karl, why would anyone sell leap option premium and do these get exercised often if they get in the money? Curious, that's a long time and if the stock moves up in The money, that's not good if one is stuck in a contract for a long period. I seen some option calculators recommending leaps covered calls to sell

[MrAspat]

How to maintain neutral gamma? That would be more interesting.