Recent content by webicknell

Primarily an income account with some options... Average over 2 accounts - up 47.5% My IRA was only up 20%

My two sense.... I do trade credit spreads... I personally see more risk in a Put spread then a Call spread. I do far OTM (Delta of 5 or less) spreads. On a Call spread if the market jumps, there will be a pull back on profit taking. On a market drop, there is a higher probability that...

Very similar to my approach... Monthly's and Weekly's Credit Spreads on SPX, RUT and NDX Also was very happy with 2012...... Exceeded target of 2% a month

You are not wrong..... All of my Spreads are in either RUT. NDX or SPX... all broadly based indexes which do qualify for favorable tax treatment. Special Tax Rules Apply to Broad-Based Equity Options To reduce the tax hit on short-swing stock market gains, consider trading in...

Thanks for this .... I do use Turbo Tax and if it can be imported into Quicken, I see no reason Turbo Tax cannot handle the import directly. Thanks

In my early trading days.... back in March, 2012 (hehe).... I played with some Naked Puts, some of which were assigned, and associated Covered Calls.... Most of my transactions and my current focus is credit spreads on the index options..... Thanks

This is my first year with option transactions to report... Have completed many Sch D's, but never with option transactions... About 200-250 in total from Covered Calls and Puts and Spreads... on RUT, SPX and NDX, which have their own special considerations.... I was thinking / hoping...

As anyone here looked at nadex.com? They have Binaries and also what they call box spreads... Only $100 to open.... Been playing with a Demo the last few weeks... too short term for me, so I will stick to my credit spreads for now. I think this is also a "gamble"

It does suck, but legal...... This is why I only do spreads on indexes.... SPX, RUT and NDX .... no one earnings or news release like this will cause such as significant impact.

Absolutely agree..... "repair" in my mine is: Closing the trade Moving forther OTM if the market is moving against me Have not practiced moving farther out (time). These are all to avoid loss.... I execute these options while I am still far OTM (delta of 12-16).... Never want to get...

This is similar to what I do with my credit spreads... Far OTM (Delta of 5 or less on the short side..... I do not use stocks at all... just a few indexes (RUT, SPX & NDX).... I do not want earnings or news stories to significantly impact ny positions. Yes, I prefer they expire worthless and...

I will look for Put M. response.... For me, I wait for the trades to come to me.... If I don't see one that meets my criteria, I do not trade. If you are trading options on individual stocks, there are many other things that come into play. Put M. does a rather detailed analysis of the...

I have started trading Spreads on the Weeklies... Executing 4-5 days before expiration. Been very successful.... Use the same criteria as on the Monthly's. Monthly's are executed 25-45 days before expiration. By the way, I do not trade Spreads on stocks... RUT, SPX and NDX only.

Put M, thinks Spread Traders do not understand their risk. He is correct on the amount of leverage, but the second leg of the Spread limits your risk. A Spread Trader should monitor their open trades closely. I do trade Spreads has a strategy.... Far OTM with defined triggers on getting out...

I do use OH.... with Limit orders, I get what I request, or it is not filled. I cannot comment on Stops.... On the OH site... "A sell stop order is activated when the ask price hits the stop price or passes through the stop price. A buy stop order is activated when the bid prices hits the...