Recent content by Straddle1985

Terrific trade. I bought BAC 2013 calls with a strike around 7.5. Later I bought them again at 10, which are now also making a profit. Just whish I'd have had more balls when they were around 5$.

I red his book (an American hedge fund) a few years ago. This guy was doing pretty good during the tech bubble (indeed making his 10k account almost a 2 million account), but afterward he didn't do anything amazing as a trader. As far as I know he does some daytrading on biotechs, selling tons...

I got burnt using one of the strategies from this book in 2011. I started implementing the momentum method for a basket of 20 ETF's and then take the top 2 with the greatest momentum (6monthly and 1monthly). The backtests were pretty good, but I lost a lot on DBP and DBE. All in all, I closed...

I had the same problem with VXX puts I wrote. When I wrote them the etf was at 25$ and the puts were written at exercise price 22$. A few days later the etf was at 17$. I wrote naked calls (weekly expiry) to lower my purchase price per share. I got out with a loss, but now the etf is at 12$.

Not sure if I'm understanding you correctly, but the premium of the 4 short calls you're planning to write weekly will vary from day to day. Suppose you buy the call wich expires in 4 weeks and you write your first weekly call against it, and next the price starts dropping. You're long call...

I'm using the same: IB as my broker, Optionsoracle for strategies. It's a shame IB doesn't have decent software for option strategies. The TOS platform looks cool, but way too expensive for trading options (certainly compared to IB).

I was wondering if there might be a simple way to hedge a portfolio with different stocks and options. Suppose I got the following holdings in my portfolio: - long 150 MSFT stocks - short 2 WFC 35 calls - long 45 AAPL - short 3 GLD puts - long 10 BAC 15 calls - ... I know for the...

I'm also not following ... The (long?) spread isn't losing money as far as I see.

Market cap 23 Billion today :p

I like the strategy of shorting naked puts. If you do your research on stocks you like, you can easily come up with a list of stocks you'd like to own. Then you can just start OTM selling puts, 15% to 25% (or more) below the current price. As time goes by, and the stock keeps hanging around its...

It depends on your system I think. Right now I'm following a rotation system in which I allocate my funds for a fixed period of time to a certain ETF, with an en entry @ the close of the day and an exit @ the close of the day, several weeks later. I find adjusted closes more appopriate for the...

This is also my experience after backtesting trend trading strategies for stocks. Strategies like moving averages, break-out ranges, bollinger bands, macd, ... I was hoping ETF's would produce more stable results than stocks, but the results also were again disappointing.