Recent content by OTR
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Options books
Make sure to read Natenburg's Options Volatility and Pricing for a great intro how to value options. I like Ken Trester's books a lot for some good basic strategies and ideas about managing trades. You can find some other books I suggest on my site... -
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has anyone taken Dale Wheatley's option class
These guys aren't teaching you anything you couldn't learn from some good options books. There are some great books on my website: http://www.options-trading-resources.com/index.html Click on the Book Reviews page. Good Luck! Regards, Steve... -
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LEAP trading
Delta1, I trade Leaps and sometimes substitute them for stocks when writing covered calls. Regards, Steve http://www.options-trading-resources.com/EliteTrSig Option trading information and tools the pros wish they had! A former Chicago Mercantile Exchange employee reviews stock... -
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Need newbie guide to getting and staying delta neutral
sluzbenik, George Fontanills is the King of Delta Neutral trading methods. His book, The Options Course has excellent information about implementing a Delta Neutral Strategy. The Options Course also has a companion workbook that has a couple of dozen pages to help you hone your skills... -
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Beginner
Interactive Brokers also requires some experience. That being said, there is no way for them to "investigate" your claims when you fill out your application. There is no "test". You will be taken at your word. However, they will use your application as evidence should you blow out your... -
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How about this strategy?
Eliot, There is nothing wrong with that strategy, providing: 1. You are selling naked puts on stocks you don't mind owning, at the strike you are writing. 2. You keep enough capital in your account to buy the stocks if you get assigned. (Also check with your broker about margin... -
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Question about options
Lasner, Your question is very general and difficult to answer directly. When buying options, you must have a full understanding of the varialbles that affect price. Time is but one of them. If you would like some good information to get you started in options, visit: Chicago Board... -
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Anyone use PowerOptions?
Glad to help Eliot. Regards, Steve http://www.options-trading-resources.com/EliteTrSig Option trading information and tools the pros wish they had! A former Chicago Mercantile Exchange employee reviews stock option trading software, books, and web sites and online income opportunity. -
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Anyone use PowerOptions?
Eliot, I use PowerOptions everyday and think it is a great resource. You can read a review I wrote about it on my website. You can also get a 14 day trial membership. Follow any of the links from the review page. http://www.options-trading-resources.com/Power-Options-Info.html Also... -
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Covered call: How do you pick best expiration month?
a529612, It all depends on your goals. Like vhehn and MTE, I like to write near month. I write for income and like the quick depreciation I get in the near month. I look to make 5% called/uncalled. If I can't get that in the near term, I often write further out and buy back the calls... -
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CME options melting fast !
hellomarket, As the others have mentioned, you are seeing the rapid erosion of time-decay in the last month of an options life. Time decay (theta) does not move in a straight line, rather it erodes at a much quicker pace in the last month. Here's a good visual... -
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Deep-ITM covered calls
Options are seldom assigned prior to expiration. Most people will simply sell a call that they are long rather than take the trouble and pay the extra commissions to exercise the option and sell the stock. One of the previous posts explained the assignment process. You typically will get...