Recent content by nome

I daytrade the good old emini S&P 500 futures. I will daytrade the emini Nasdaq 100 and mini Dow occasionally if I see a setup I like but I mostly focus on the ES. I also swing trade options on various stocks/etfs. Mostly selling spreads and profiting from the time decay. I concentrate on...

Well, I'm probably closer to you then anyone else you're gonna find on here. I live in Ball Ground, Ga. I thought I lived out in the country but looks like you've got me beat. I looked up Blairsville on Wikipedia and it says there are only 659 people living in the 'city', if such a word could be...

As long as there are newbies continually trying to fight this rally it will be to early to sell. Do me a favor and post back when you are forced to cover due to lack of funds. Then I will know it is time to short.

Everyone is looking at the 1000 level on the S&P as the possible top of this neverending rally. That's my guess anyways.

I read the first few replies before realizing this thread was started back in August 08. That fund mentioned in the OP sold naked puts right into the collapse of Lehman ouch. Somehow I doubt they were selling cash secured puts either. I mean their entire exit strategy was to roll to the next...

Not sure why you would ask this question on this forum which consist mostly of traders that only hold for days or minutes at a time. I'll give you some advice since I started out as a long only passive index investor but you might be better off looking for a forum dedicated to that kind of...

You mean like credit default swaps? Now lets not get ahead of ourselves. They are still setting up the exchanges and working out all the bugs. :) Also, I think you need a couple million to play. Might I suggest a bond mutual fund? Even with bonds you want to diversify and it is easier with...

Funny that I should think of this thread when I saw the massive rally in GE this week. Man just cover already. What if GE gaps down to $4 next week? I guarantee you will be pissed as hell at yourself.

*raises hand* Yeah I was a idiot I know. I was one of those people that bought OTM GE call LEAPS back when it was around $25. 'This is GE and it has to go back up next year right?' was my thinking. Fortunately I had enough sense to sell back in Dec but I still lost ~50% on that trade. That's...

Are there any situations where someone would want to exercise a put early? Not being snarky I'm genuinely curious. I thought about it and could only come up with one. If someone already owned the underlying, no dividends, the put was DITM with no extrinsic value, they wanted to free up capital...

Puts don't have the early assignment risk that calls have. Also out of the money options wouldn't be assigned early no matter what (probably :) ). I don't think you have to worry about it. I know you wouldn't have to keep that 75,000 on the side doing nothing for a whole month. Just keep...

Don't be seduced by the high premiums from selling straddles. Always remember, you're taking on unlimited risk in both directions. If you really want to learn then start by selling 1 or 2 lots. Also you should be looking for high liquidity so you can get in and out easily. Don't just look for...

I imagine the OP is living under some bridge right about now.

If you must bet with OTM calls buy 2011 LEAPS. Once they get to about 6 months of life remaining take a real hard look at the stock. Decide then if you want to get out or roll it to a farther year. I say 6 months because after that point theta starts really eating away at your option and it...

I would see what C does on Monday then sell call verticals but I'm still pretty bearish on it. Should get some nice volatility on Monday at least.