Recent content by Beerocracy

I sent an e-mail to ToS expressing my displeasure, stating in particular that an increase in commissions would send me to another broker. Tom Sosnoff replied within 5 minutes, saying that commissions will not change. I am weary of AMTD; however, I will trust him until I see differently.

This topic gets covered a lot. Try the The Options Institute at the CBOE. http://www.cboe.com/LearnCenter/OptionsInstitute1.aspx They have a lot of free information and archived webcasts. I've found Dan Sheridan's webcasts to be useful and entertaining. Red Option (www.redoption.com)...

"Buy and sell"? Is this a credit spread or a debit spread? It makes a big difference. Sounds like you expect the market to keep going up, so it would be a credit spread. I prefer not to open put credit spreads in an overbought market like this. I'd wait for a pullback, then do it when the...

I agree with RichardRimes. There are too many unknowns for a simple answer. Some people go for a high reward/risk ratio, in which case they generally say you never adjust. I prefer a lower risk, so I go farther OTM. If one leg gets threatened, I may roll it out and double my position, aiming...

Chuck Norris borrowed stock from himself, sold it short, and made money on both sides.