Recent content by JJacksET4

I think that is the total for the last 4 qtrs - apparently they had a terrible qtr or 2 maybe 6-12 months ago.

I just wanted to add that I actually agree with alot of the strategy and feel the other picks seem to be reasonable as companies that are going through cash quickly - my only disagreement was with CLF. Just to do a quick sanity check, I think it is useful to go to the stocks main Yahoo quote...

Well, way to go so far with WLT, but I think you should be careful with a stock like CLF. You mention they have horrible EPS, etc. but that just happened to be the case over the last year. The predictions for the short term future EPSes are positive. Oh, and their last Qtr EPS was plus 66...

A quick update. The account is now at $99,654. Several stocks have now had gains from the straddles just due to the general increase in volatility. You can see that in the image I attached with the stock V. Both the long calls and puts are up in value with V near the strike prices of the...

Here is a quick update. Account is continuing to do better, now at $99484, and it had been over $100K today when the market was near the day highs. I never posted any specific sell rules - after MCP jumped, I didn't close it and it fell back. I decided to keep it anyway partly because there...

Update after 1 week. The account hadn't done much of anything by Wed., but the last few days were better. The VIX went up a bit and today MCP jumped in price. I wanted to explain a bit more about my positions. I started with doing these trades on 4 "high-flyer" type stocks and 3 stocks...

Steve, I wish you well. The only thing is I know that these trades have a way of working and working and working until they blow up. I know that your trading rules are designed against a blow up, but for example what if there is a worst case scenario where the market keeps falling more and...

Neke, Thanks for continuing to update us. I know it is tough, but could you consider an update sooner then that - it's hard to wait that long! :) It doesn't sound too good though that you mention that account is well under $100K, but that could mean different amounts to different people...

Hi all, I have opened a Virtual Trade account and set the opening balance to $100,000. I plan to do an options trade that I call a Better Straddle that brings in some money as well as the money that you spend. In a large move, this can bring a higher % return then a normal straddle, but can...

I always think silver is undervalued compared to gold, but I have to wonder about this JP Morgan short position. It seems like I've heard of this for a long, long time and it seems like it would have blown up in their face already. Can anyone really prove JP Morgan actually has a large short...

That Wu guy sounds pretty stupid - he says HPQ is worth -2 but puts them at "Neutral" lol. Also it said that was a downgrade, so apparently until very recently he had them as a buy, meaning he probably recommended them all the way from $40+ down to the $16 range. Way to go Wu! I don't...

I used to have a link to a website called "busystock.com" that had this, but it now redirects to a Forex trading website. Does anyone know a good website where you can check a calendar date, see who had earnings, and most importantly show how the stock did the next day. Of course, finding...

AIJ, The answers you got were correct, but I just wanted to answer this in another way that might be clearer, or may not be. Looking at 2 stocks both at $50, with one having a high IV and the other having a low IV, you might find these prices: High IV stock - 50 Call 2 months out - $500...