Recent content by affan

Can option be exercised early with lots of premium still left? Of course. Odds of that happening? Very close to zero. Hence not a viable trading strategy.

Wall Street is full of idiots and unethical ppl. What they are good at is giving false information and reporting good for nothing news. Or coming up with buy or sell recommendations after the fact. There is a reason I manage my money.

Everyone on Wall Street were expecting market to crash if trump got elected. Opposite is happening now, which means Wall Street doesn't know much.

Or this maybe a market top who knows. As a trader I am not buying at these levels. Even if it just sits here I am good as lots of short premium will come in

No one knows where the market is heading but at these highs I rather be short while hedging by selling premium against my core position.

I was wondering why the price is so different. Unless the OZB expires this month? I was thinking it expires in December.

Nothing compares with /ES. It is the king of all kings. Very liquid even though its such a huge contract. /ES options are also very liquid and usually only have a .50 spread.

I am using IB and was looking to sell OTM 150 put for /ZB in Dec. IB is giving me 3 options: OZB DEC 16 ZB1 DEC 02 ZB2 DEC 09 OZB is quoted as 11/64 - 15/64 ZB1 is quoted as 50/64 - 1 3/64 ZB2 is quoted as 1 9/64 - 1 27/64 I understand ZB1 & ZB2 are weeklies and their relative price...

When did i not accept responsibility? Did you not read the subject of the post? I know i messed up big time and paid for it and i said i will learn from it So i should see every rude comment as a full of wisdom? Agreed some comments may seem harsh but actually have truth in them, but i was...

Ok, but my option is deep OTM, so i guess its better to buy when it is OTM but close to strike price.

I am amazed at some of the ignorant/rude comments people post here. And by the way if your math is any good, 14% increase in few months is damm good. I got screwed because of a mistake i made, i never wanted to be in that trade. And yes i am a dreamer, i want to be a successful trader one day...

Whoever said that is incorrect, i have traded IB futures before and after the bell with no problems

Just wondering, what happens if it gets assigned to you? I currently have a OTM option selling at a dime. From your replies seems like it be prudent to buy it back!

i got out with a 6k+ loss! if i had been holding this i would have been dead. i could have got out with a 5k loss but gave myself a chance, probably a bad idea. Now my account is down to 5k. Not the best feeling because i would never have taken a long 3 contract position to begin with! Even for...