Recent content by thetafarmer

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    A newbie's path to learning options

    Quite a bit of useless crap in this thread. The OP wants to know where to begin. As a newbie (I'm still somewhat of one myself) I'd recommend learning the greeks, delta, vega, theta, etc. and how each effects the behavior of price during the life of the option. And at least a year of practice on...
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    Fills - Submitting individual smaller trades vs larger, single trade

    I trade index options, currently one at a time, but will be increasing my trading size soon. I'm curious about whether there are any advantages to breaking up a larger trade into smaller parts, as pertains to fills at better prices. For example, will I get a better price if I submit an order for...
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    Is this free money?

    Free money doesn't exist. HTH.
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    Are any of you shorting the SPX, RUT?

    Sorry for not being very clear. I'm just positioning myself for the next intermediate, short term correction, not trying to predict a top. From a technical standpoint, this latest upmove has been rather ludicrous and is in dire need of at least a small/medium correction. There was a 10 point...
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    Are any of you shorting the SPX, RUT?

    RUT is way above the DMA. It's coming down sooner rather than later. Looking forward to seeing the bulls get their tails burned.
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    Are any of you shorting the SPX, RUT?

    I don't know what the catalyst will be. It's in severe need of some kind of retracement. I'm hoping the bears start getting hungry and cut the horns off these belligerent bulls. Really, enough is enough. 1040 - 1186 with no retracement whatsoever. This latest bull run is getting old.
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    Are any of you shorting the SPX, RUT?

    I don't know what the catalyst will be. It's in severe need of some kind of retracement. I'm hoping the bears start getting hungry and cut the horns off these belligerent bulls. Really, enough is enough. 1040 - 1186 with no retracement whatsoever. This latest bull run is getting old.
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    Are any of you shorting the SPX, RUT?

    I am. They are ridiculously overbought and look like they need a good blast downward. It's so obvious on daily RUT chart. Yet RUT went up another 10 points or so today. I'm just going to keep piling on put spreads if it continues like this. Who is even buying at these levels? Just crazy.
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    Possible to avoid state income tax on trading account by using out of state LLC?

    Is it possible to completely avoid paying your home state income tax by registering an LLC in a state like Nevada that doesn't have a state income tax?
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    What day of the week and time to make my first live options trade?

    Thanks for the replies. There was a technique that I read about quite some time ago and have since forgotten, but it involved a way to put in your order but "hide it" so to speak, so that it doesn't appear publicly and the market makers can't keep changing the bid and ask based on your order...
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    What day of the week and time to make my first live options trade?

    After testing with a demo account for a long time I will be making my first live options trades on RUT and IWM. Is Thursday a good day to begin, or will the price shuffling that occurs before the weekend make this a bad day to make my two opening trades? Should I wait until Monday? Also is there...
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