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Final Sept/Oct Double Diagonal Update: It's always a little unsettling waiting for SET when you still have a potential short among the midst... but the 1323 SET was appreciated and welcomed by all of us shorting the 1325c this morning. Although our trading plan called for closing all...

Damn... the SET could be high today. The trading plan called for exiting any shorts within 10 pts... pushed the limite alittle yesterday with close at 1216. Hope it's not a lesson to learn..... again. M~

Just returned home from attending a STAR trader workshop. It just hurts me to see all those people spending all that money on beginning options education.... ouch. There is just a huge amount of information on the net... for free.. just a little research and they could save themselves $$$...

Sept/Oct Double Diagonal Update For those of you who requested the end of the month update, here it is. It's in plain English, so the majority of us will be able to follow. This was the primary trade for your investment group on the Diagonal side. We also have an Oct/Dec position. The...

Mo, The majority of this board is in need of interpretation here... thanks

BINGO.... you got it. It's like a WIN-WIN... Too many people buy Call Calendars... (which i used to do a lot of and was successful trading when the VIX was in the 20's)... but you get hurt as the volatility bleeds out against the direction you would predicted the movement to make...

Consider moving those up about 25 pts each.... M~

Just checking in before Bed..... Double Diagonal Update What VEGA giveth, VEGA taketh away.... For those of you experimenting with the Diagonal strategy have really seen the effects of VEGA the past few days. Why just yesterday on the open.... a nice spike in VEGA created a 15% profit...

Jim, We would love to have you. Our next goal, after the group account is set up with VTraderPro, is to open a 'Trading Center' downtown. We're hoping to lease the 4th floor of a brand new YMCA. The all glass offices would overlook the city, and have stairway access to the gym &...

Oh.. and did I forget to mention the 'GUEST SPEAKER' who will be parchuting in to speak with us...... Da..Da... John 'X-mas Tree' Maverick, from VTraderPro, Chicago branch office. We're hoping John will scare enough people into realizing their disadvantaged retail margin accounts...

It was a TradeKing account. I've been pretty pleased with their fills.... but the trading platform sucks. It's darn right terrible. M~ PS... yes it was Tuesday, the first trading day of the week.

GRIC Trading Commentary I have had numerous questions and PM's as to the types of strategies we use with our GrandRapidsInvestmentClub. Well, it's a two part answer: Part I: First, the dynamics of group trading is far different than that of an individual account. You feel more...

FYI SPX Oct Credit Spread We filled a 'retail margin' Oct 1385c/1375c credit spread position on Monday for .85 After these past two days... it's tempting to take the existing profit... 3.5% and look to reposition. Does anyone else struggle with this notion of waiting around for five...

Would love too... kinda related to it.. a while back.. but I'll put together something more concrete here soon.... give me a week. This 'Hedge Fund' start up is a real learning experience..... and is taking far more time than I expected. But, we're looking forward to the challenge and...

Put Diagonal Commentary: Been busier than a bee... setting up a 40 page operating agreement, brochure, meetings, lawyers, etc... whew!!!! Just wanted to highlight some 'moments' .... While trading the Put Diagonal postions for the past seven months.... the 'panic' attack or...

I told you ..... it may take a while to break yiou from some of those old habits..... (put credit spreads, but you'll soon be converted to a... "D.D" devil yourself :) M~

Bob, I totally agree with you. I too feel much more comfortable with Put Diagonal spreads (playing VEGA) and Call Credit spreads (neutralizing VEGA). While analyzing the SPX movement over the past five years, I have found the movement to the upside to be longer in time frame periods...

Try calling or emailing them your questions. They have recently adopted a few changes which people at this group site may not be aware. Oh, and if you can't get through to them, or they don't respond in a timely fashion, consider trying ThinkorSwim. If SPAN margin is your reasoning then...

We're in the process.... if tough when there's 50 different opinions in a large group. Large group dynamics are interesting.... especially when it comes to money. M~

Then consider an Oct/Sept 1300/1300 put diagonal with half the contracts as the long... see if you like that even better. M~