Recent content by rick cremer

  1. rick cremer

    Independent Option trader

    No, not in a sim or as PIC anymore. But am still doing the IAD NRT (and JFK ORY (and then on to TLS)) route either in the jump seat or in business class depending on the reason I'm on the flight. As you know, some people who retire return as paid employees in a consulting role (e.g. training...
  2. rick cremer

    Independent Option trader

    What is "best" depends wholly and solely on you. You have to do your homework, determine what vehicle(s) you would like to trade (stocks, options, futures, forex, etc.) and then come up with a written trading plan and trading strategy. I like the /ES contract [1] because it trades almost...
  3. rick cremer

    Independent Option trader

    No, I don't depend on my trading profits to put a roof over my head or food on the table. But they do provide the capital to take a nice trip or two every year without having to dip into the household budget. Plus it fun. I enjoy trading. I think that it's important to do what you love to do...
  4. rick cremer

    Independent Option trader

    He (or she) is referring to Title 14 CFR Part 121 Section 121.542 subparagraph (d). Which states that " §121.542 Flight crewmember duties. (d) During all flight time as defined in 14 CFR 1.1, no flight crewmember may use, nor may any pilot in command permit the use of, a personal wireless...
  5. rick cremer

    Option volumes as screening for insider knowledge

    Glad to finally meet you Michel. Best Nicolaus
  6. rick cremer

    Independent Option trader

    Yes it (121.542) is clear but doesn't apply when you're on your rest period as defined in Title 14 CFR Part 117. Thank you. My options strategy works for me.
  7. rick cremer

    election day

    With 3 fingers of Macallan 18 and a Monte Cristo #2. And my usual /ES credit spreads.
  8. rick cremer

    Option volumes as screening for insider knowledge

    I tend to also prefer Conformal Cyclic Cosmology but only when the Fermi Paradox is used. That's a more novel perspective which could, in principle, be encoded in the cosmic microwave background. I have found however that the application of the Fermi Paradox does cause aberrations when applying...
  9. rick cremer

    Independent Option trader

    My routine? Well, my hours are rarely 9-5 but I am able to work from both home and the "office". Some months, for example, I work a 5am-5PM shift (Chicago Honolulu), other months 7PM-7AM (e.g. a 7 hour flight from New York to London) , and so on. Now I am working longer hours, routinely 14-16...
  10. rick cremer

    A New Options Trader's Worry

    I started trading options in 2002 (single symbols (e.g. AAPL, MSFT, etc.) and ES credit spreads (including iron condors) in 2005. Just before I retired from my airline job. My strategy has, thus far, proven to be successful. But what works for me may not work for others. It's a simple strategy...
  11. rick cremer

    A New Options Trader's Worry

    Ditto. I have no idea where the market will go tomorrow. Noe does anyone else. Not the Wall Street Journal, Reuters, JP Morgan, the Financial Times, CNBC, Jim Cramer. NO ONE can look you in the eye and say that tomorrow at 9:30AM EST the U.S. markets will open up or down and will close up or...
  12. rick cremer

    DAL

    I can relate to that. Not to mention the many Christmas, Thanksgiving, July 4th, Mother's day, etc, I spent on DAL. But then I guess that's what one would expect when one spends 30 years as Delta captain. Best
  13. rick cremer

    beginner with options trading question

    I have been a user of the ToS platform (live and simulated) for many years. I trade emini S&P 500 options (Symbol ES) credit spreads. That said, your question begs a few more questions, e.g.; what symbol did you trade stock, etf, futures why did you decide on that particular symbol fundamental...
  14. rick cremer

    100% Success Rate Index Options Intraday Strategy

    Amen to that...
Back
Top