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It is what it is, don't sweat the small stuff. If Google Finance doesn't list the options check Yahoo Finance. Google Finance QQQ = Yes DIA = No SPY = No GLD= No Yahoo Finance QQQ = Yes DIA = Yes SPY = Yes GLD= Yes :)

Depends on the trade. Long Options = If you're right, you make good money. If you're wrong, you lose a small amount of money. The R:R is very good. Short Options = If you're right, you make a small amount of money. If you're wrong, you lose a good deal. The R:R is very poor. :)

RE: "I know the general perception is that selling options is better than buying" There is no advantage of selling options over buying options. Below is a post I made in another thread comparing selling the ATM straddle and buying the ATM straddle. Options are priced very efficiently, both the...

EXPIRY UPDATE SPY closed at $212.65. The 210.00 ATM straddle was mispriced on Wednesday. Advantage went to the 210.00 ATM straddle buyer. 210.00 ATM straddle bought for $1.67 - sold for $2.50. P/L $83.00 The 210.00 ATM straddle seller would have lost about $89.00. Overall there is no...

UPDATE BEFORE EXPIRY SPY at $209.53 Friday's (July 8, 2016) close $211.61 OR $208.39, give or take a dime. :)

The market doesn't reward dumb money - making it difficult for both sellers and buyers to profit. The ATM straddle is priced to break even for both sellers and buyers. For the sellers or buyers to profit the market must move beyond what is priced into the options. The buyers want a bigger move -...

So are you for the long SPY 210.00 straddle or short SPY 210.00 straddle? EDIT: My post #20 states they both will break even when they expire. Unless the market moves beyond what is priced into the SPY ATM options. :)

Read it again. The two prices are not a range - they are one OR the other at expiry- $211.61 OR $208.39 - plus/minus a dime. :0

Forget OI and focus on the premium for the ATM straddle. The market doesn't reward dumb money and will make sellers and buyers earn their money. Example: SPY at 209.99. SPY July 08, 2016 210.00 Call (bid $0.71 ask $0.76). SPY July 08, 2016 210.00 Put (bid $0.90 ask $0.91). A strangle buyer...

IMO ....... You can't calculate ROC with individual trades. ROC is calculated over a period of time, like 1-year. July 2015 $10,000 in trading account. July 2016 $11,000 in trading account. 10% ROC after 1-year. Keep it simple. :)

You can use whatever floats your boat. At the end of the day it doesn't matter, Premium versus account balance. Premium versus maximum loss. Premium versus margin required. What counts is the P/L at the end of the year. :)

Works fine for me. The problem must be at your end. :)

My post applies to both long and short positions. :)

If the options are ITM most options traders will close the position on or before expiry. If the options are ATM/OTM then it can be 50/50 whether or not the position is closed on or before expiry. ITM options don't have much bang-for-your buck so they have little value to the option trader...

www.elitetrader.com ET is very good, follow the steps below: Select "Options". Select "Start New Thread". Enter title. Enter description of option position and what your goals are for the trade. Select "Create Thread". Within hours you newly created thread will generate all sorts of...

Traders with BMO Investorline and TD Direct Investing are not subject to PDT in Canada on US stocks or options. Nothing fishy, the brokers are legit and they are not setting themselves up for regulatory trouble - end of story. BMO market cap $41 Billion. TD market cap $80 Billion. EDIT...

IMO ......... OTM weeklies are better suited for long trades a couple of days duration - not day trading. You want to be in the trade for overnight gaps. :)

If anybody is interested in playing around with the Arduino I recommend this kit. It comes with a 30-lesson PDF file with description of what you are doing - very informative. Over 6,000 kits sold. http://www.ebay.com/itm/221451495178?_trksid=p2060353.m2749.l2649&ssPageName=STRK:MEBIDX:IT PS...

What $20.00 loss? Below is the QQQ and TSLA from Thursday's June 23 close just before the market turmoil, to today's close. As you can see TSLA was immune from the market turmoil caused be BREXIT. :)

Long gone Last post by: eganon69, Jun 14, 2016 :)