On second thought, I now realize I can make the seminars last a full hour, if I spend the first 30 minutes telling everyone about my fascinating & impressive list of achievements, then we take a break for cookies & punch, then I spend the three minutes needed to explain my NP strategies, followed by questions.
Anybody who saw his utter inability to appreciate risk during Maniacal Methods would be nuts to put any credence in anything he says.
Somebody with FDIC-insured CDs at 1-2% or less, OBVIOUSLY has a need for COMPLETE safety. It is absolutely nuts, off-the-wall and actionable to IN ANY WAY equate such insured instruments with naked puts at any strike. All kinds of things COULD happen in a panic. I lived through 1987 and that was the best thing that ever happened to me as I have reduced risk while still doing very well ever since.
He was just as cocky about Maniacal Methods --the refrain: "there is a limit to all things" was sung almost daily.
He is dangerous because his whole life is on this board and he can post all day and night. Those with fulfilling lives and interests can't compete with him in quantity, but quantity does not create quality. If somebody wants to write 20 BAC 3 puts, be my guest. But he is recommending hundreds or thousands and that is courting potential disaster. I know of what I speak. I warned people about Maniacal Methods from day 1 and I was right on. No desire for kudos. Just do yourself a favor and don't get into trouble.