Recent content by MarketMonk

  1. M

    Options sim trading ?

    Another option is to open an account at a broker that allows for simulated trading. Think or Swim, Options House are two that come to mind that don't require a ton of money to fund an account. MM
  2. M

    Premium Options Seller

    Welcome to the forum. Am curious if you have a blog. Would be nice to learn how you trade. MM
  3. M

    Options sim trading ?

    You can check out Investopedia for basic buying of calls and puts. http://simulator.investopedia.com/Default.aspx?viewed=1 Used properly it can be a great tool to learn how options react to to the underlying. MM
  4. M

    Can anyone recommend a good options book

    / I have the definitive answer to this question... ... but you'll have to wait till expiry day - I'll let you know then. / I look forward to the answer :) MM
  5. M

    Can anyone recommend a good options book

    Once you start to have the basics down, I would recommend that you borrow this book from the local library: "The Complete Guide to Option Selling" http://tinyurl.com/ygf5q8t That is the link to Amazon and it's 1st edition which provides the ability to look inside the book. There is a...
  6. M

    Scanning

    GoLAX - Thanks I will keep that in mind. Kind of like how I get Trade Ideas for free since I moved money over to Scottrade IRA. Free is good. MM
  7. M

    Scanning

    BTUD - I am starting to create models like I have for stocks. Amibroker is a very powerful software for creating trading strategies, scanning, and charting. It has served me well for years. But it is not for options, therefore I need to find something for options. Currently I have been...
  8. M

    Scanning

    Hi folks, Is there a way to scan for "over-priced" or premium rich options? Ones with a lot of Intrinsic value. By overpriced I mean the following: [Option Premimum - (Stock Price - Strike Price)] / Strike Price x 100 This is something that I would like to research and have no idea or...
  9. M

    Which is better

    Option911 - Mark, I get what you are saying. ramatrade - thanks for the link to optionslab. I am aware of and am starting to learn Samaosky's Options Oracle. dagnyt - Mark, I was not aware that call options would have a high IV when the market is crashing. I was under the...
  10. M

    Which is better

    Looking back at last March, which of the two ways to invest with options would have been better? 1) Buying a long dated ITM call? or 2) Buying a deep long dated OTM call? I am thinking of 6 month or longer options to have been purchased this last March. As I see it the advantage...
  11. M

    Short forced buy-in ... just re-short?

    Damn, that can be very expensive. I know that Tradestation does not impose this type of fee. Another way to look at it is if you routinely have $100K short on average each night, it "could" cost you around $1650. For those IB account holders, is their any list of stocks for which...
  12. M

    Short forced buy-in ... just re-short?

    Good points Sleuth. Is my math close to being correct. For a 20% overnight holding charge I would assume this is an annual rate so dividing it by 365 days and then multiplying that number by $1000 you get 54 cents. So for each $1000 of shorted stock held overnight you will get charged...
  13. M

    Please Help - Etrade cost me $2,500 today

    The time frame is quarterly, not monthly. The platform fee is $99 per month, if someone is doing 30 to 149 trades per quarter. So you could be doing 149 trades at $9.99 per trade and spend $1488 (over the 3 month period) in commissions. Should you not do at least 30 trades, the base...
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