Recent content by yucca_mtn

I have need for a licensed broker who is experienced in options spreads. I need a reputable firm, and I need him to manage certain medium sized accounts using a specified strategy and set of rules. Anyone know where to start looking for this gentleman?

This is going to be my last post on this thread. I think I have covered all the information I wanted to document. And I might accomplish what I want to on a different venue. I am just not up to posting all my trades and I have posted enough of them that the point is made. I still will...

The following positions have been sold this week via Good Till Canceled (GTC) orders, that I mentioned in my last post. Position: #spreads, underlying, expiration, spread, @GTC sold price, (cost) 4 FXI JAN 27/32 @4.75 (3.9) 12 PAAS JAN 17.5/20 @2.35 (1.6) 4 BTU JAN 25/30 @4.7 (3.7) 5...

Just posting a brief update on the past couple of weeks. I guess trying to post individual trades is not working out for me, so I'll just relate what I do in general terms. The market has not been favorable for opening new positions, in my view. There was a window of opportunity for oil...

Dolemite (rock-hound?) I'm aware of the synthetic equivalence. And I understand most option traders use the credit vertical bull spreads. So I don't have a strong reason to persuade others to do debit spreads, however I have my reasons. The debit spreads are more intuitively correct...

Some more trading today, mostly maintenance. Account E: SOLD 5 AEM JAN11 35/40, cost 3.2, sold at 4.762, profit 766 SOLD 8 GLD JAN11 95/100, cost 3.2,sold at 4.65, profit 1137 BUY 4 DO JAN12 39.25/44.25 @ 3.6 BUY 3 NE JAN12 20/25 @ 3.5 BUY 4 CNQ JAN12 20/25 @ 3.68 BUY 5 CNQ JAN12...

I couple of days ago I successfully legged out of several unfavorable DO positions. Since the market tanked today, I thought it might be a good idea to try that trade again on two remaining DO positions in other accounts. Same exact trade, hoping for the same outcome...... BTC 5 DO JAN11...

This post is for a couple of people who might have an interest in this methodology but don't really understand what is going on. I hope this post helps. Many option traders use complicated strategies. They are not easy to understand , are not intuitive, and can be difficult to manage...

All three of the GTC orders from yesterday hit. Saved $500 on each account.:)

I decided to do some maintenance trading today: profit taking, risk reduction, and dealing with some DO positions I want to get rid of. Some of the positions are duplicated in different accounts. POSITION, BOUGHT, SELL AT, PROFIT, NOTE Account M: SOLD 100 EWZ (LONG)...

JJacks, As for my yield target I shoot for 35% annual return. That number is adjusted for market conditions which I consider treacherous at the moment. A smaller target may seem more safe but is not in my opinion safer. So to get that return in this dangerous market, I go further out in time...

This is a list of more of my spreads. The ones with a star on the right indicate older positions that have been lower than my cost at some point (mostly because of the Gulf crisis) but I felt it was better to hold them than take the temporary hit of up to 20%. They look better now. Most of...

tlow Thanks for your comments. Using my best hindsight I have to say I would have bought the exact spread I did, but I would have bought MORE of them. Hindsight also says I should have bought a bunch of otm august calls. Seriously, I followed my plan and I wouldn't change a thing. No way to...

from tlow. "I think it could also help you choose a better spread, not saying yours are wrong, but you may be able to make more with playing around with different strikes, wider/narrower, spreads, etc. Finally, in regards to market swings...if you were hedged or had some downside...