No. of Recommendations: 0
Here's an interesting thread in an investing board that's about the polar opposite of this one. This gentleman came up with a strategy that he thought was risk free money. And ended up getting his account closed with about a 1100% loss, and the broker banning his strategy.

Interesting read, along the same lines as the seekingalpha thread posted earlier.
Best comment & reply:
OP (10 days ago): It literally cannot lose money.
reply: (9 days ago): You are misunderstanding something.
OP (4 days ago): It lost $57,000 and they closed my account.

The risk was: He forgot (or did not know) about the possibility of early assignment.

Best side comment: "Gotta love it when some [idiot newbie] thinks they have discovered a way to get "free money" with options. Everybody always tries to explain [the risks] to them.....and they never believe it.

Evergreen:
"If you think you've come up with a brilliant idea [for making risk-free money with options]... whatever you think you've discovered is not what it appears to be, and anything that has a slight shred of a chance of being real has already been discovered and exploited by folks way smarter than you at places like Blackrock and Goldman. This will save you lots of pain."
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