Recent content by tmmaloney1

High probably income scenarios are awesome, what are you complaining about? Do you mean probability? I don't mean to be critical, that's not my style, but you did say "high probably" twice in your thread. I kinda like the Iron Condor, but I think this market is gonna do something crazy...

I read the ehow article about the Iron Condor strangle strategy. A couple people were critical of it, but have they every tried an Iron Condor? They didn't say. Go to CBOE.com, sign up for virtual trade, and use the recommended strategy if you want to see how it will work. I've used...

I made something like $70,000 on longing SPY puts and calls in the last couple weeks. My maximum investment in any position was $109,000. I hold only one position at a time to retain focus in that position, although I sometimes overlap put and call positions when exiting a prior trade...

Sorry, I already wrote a long post that didn't have much to do with the thread subject, but I thought of a question. Will anyone recommend a good book for an intermediate options trader, or even a good book about trading, or Wall Street corruption. I loved Blood on the Street.

Your right, the 5 minute and under charts have a lot of noise, but I look at them anyway. I woke up to a nice surprise with the 157 strike puts I held long overnight on the SPY that I mentioned in my post last night. My best trading decision since I started this strategy 8 months ago. That...

I'm a rookie on this forum after having read some of the posts, (I admit there are some much more advanced traders on here), but I have a basic understanding of the greeks, volatility, and their respective effects on options pricing. I have been trading options for about 8 months, and I'm up...

Seems like people are fighting on here... I miss the days of AOL and the "real-time" investing chat room. I was a teenager trading penny stocks for a motorcycle at the time, and the battles made people spill their guts; which is what a trading message board is for. Most traders fail to...

Thanks for the help with that; that is what I thought but I read a post on here that sounded strange to me. Someone said they were opening a trading account with $3,000, and people responded saying that $3,000 wasn't enough money to be realistic. (So I guess virtual trading must be even...

Hi all, I'd appreciate anyone's comments on my question. I'm a beginning options trader; meaning I've been using CBOE.com's virtual trade for about 8 months to get used to trading options. In the virtual world I've done well; I'm up about 50% since I started Typically, I only trade SPY...

Hey Ktm, that was good advice. I could be considered a beginning options trader; I've just been buying calls or puts on the SPY or QQQ using CBOE.com's virtual trading to get my feet wet. Generally, I hold the positions for a few hours at most, and I've been virtual trading for almost a year...