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  1. OTM-Options

    Heads up - AAPL earnings are tomorrow, Tuesday October 27.

    AAPL at $115.28 Your target price is about 5-strikes OTM, which happens to by my choice of AAPL call options. The 1-strike OTM QQQ call options should pack more of a punch than the AAPL options if $120 is breached. Tomorrow is another day and my chosen option strikes will vary depending on AAPL...
  2. OTM-Options

    Heads up - AAPL earnings are tomorrow, Tuesday October 27.

    FYI AAPL earnings are tomorrow, Tuesday October 27. The market needs AAPL to report good earnings. AAPL should spike after earnings. Option positions to consider Open sometime on Tuesday before earnings, close after earnings. Long 1-strike OTM QQQ weekly call options (1st choice). and/or...
  3. OTM-Options

    When exactly can you use the money you get from the sale of one stock to buy another

    For me it's the next day (9:30 AM EST) with options - I assume it should be the same for stocks. I'm with BMO Investorline. :)
  4. OTM-Options

    A question about opening an account with interactive broker

    The fees is a moot point and will make no difference to your success, and considering your circumstances ($2000 budget) you can eliminate IB. What sort of trading are you interested in? If it's Options then $2000 is enough to start with a TD Ameritrade account. $9.99 + $0.75 fee per contract...
  5. OTM-Options

    Trading Options as a business

    CashDelivery has bamboozled you guys, played all of you like a fiddle. Doesn't surprise me though - ET is full of gullible stupid people. :)
  6. OTM-Options

    Double Diagonal Strategy: Put&call on low volatility . Too good to be true?

    I made a mistake with my quotes - I overlooked the puts and mistook them for calls. The debit is actually $80.00 The chart below is the bid/ask for the November and December options in straddle view - calls on the left, puts on the right. The quotes to the right of the colored dots is the...
  7. OTM-Options

    Double Diagonal Strategy: Put&call on low volatility . Too good to be true?

    I see that position as a $55.00 debit based on the bid/ask, but you might get a slightly better fill. That's a far cry from a $100 credit. :)
  8. OTM-Options

    A question about opening an account with interactive broker

    UPDATE: TD Ameritrade also requires a minimum of $2000.00 to trade a margin account. No big deal just open a cash account. :)
  9. OTM-Options

    A question about opening an account with interactive broker

    From IB: In other words you can't trade with an account balance of $2000.00 or less with IB. Open an account with TD Ameritrade - no minimum to open, no minimum to trade. Check out their special offers on new accounts: https://www.tdameritrade.com/specialoffer.page :)
  10. OTM-Options

    Forget Money - Best Place to Live

    Buy a small studio condo in your home town/city to use for storage and a permanent address. Buy a motor-home to travel all over the USA and Canada. Laptop for trading from Wi-Fi hot spots or Starbucks. :)
  11. OTM-Options

    Free blog sites for FTP

    For the past 10 years I have used Free Hosting from: http://www.000webhost.com The service is very reliable and it's FREE. :)
  12. OTM-Options

    IB experience and salary requirements are restrictive.

    Fudge the questions. They don't confirm the info. :)
  13. OTM-Options

    Which strike and expiration date should I choose?

    I didn't imply that "real losses are not valuable". I posted "Real trades are invaluable" that includes: Losses that go with real trades. Gains that go with real trades. Decisions that go with real trades. All invaluable that you wont get with demo trading. And at only $100.00 per week a...
  14. OTM-Options

    Which strike and expiration date should I choose?

    I would go with the 1-strike OTM weeklies. Buy on Friday through Wednesday with the expiration on Friday (5 to 2 day trades). Start with $100.00 or less, the debit paid is the stop. The quick expiration prevents you from hanging-on to a losing position hoping it rebounds. No need to demo...
  15. OTM-Options

    Put options expiry and closing paramaters

    Double-Edged Sword Later month expiry: More premium, but longer exposure to the market Near month expiry: Less exposure to the market, but less premium. Welcome to the World of Options. :)
  16. OTM-Options

    Which asset will do well in a rising rate environment?

    Yes ..... But for a very short duration. Maybe a day or two. :)
  17. OTM-Options

    Trading long spreads/iron butterflies in real life

    Re: "You could have have a spread to that has max profit of 10%, and a very small difference can turn the trade unprofitable" Could you be more specific? Is that a credit spread with a risk:reward of 10:1? If so it's obviously deep OTM and should remain OTM until expiration - if not then no...
  18. OTM-Options

    Which asset will do well in a rising rate environment?

    Real Estate Rising interest rates will get the undecided into the market quicker. As the rates go higher more will jump in before it's too late. :)
  19. OTM-Options

    Trading long spreads/iron butterflies in real life

    Theoretical value is all you need - so what if you are off by a few dimes (usually minus a few dimes) when you close the position? Just like when you buy that gallon of paint from Home Depot - do you think it will cover the square feet the label claims it will? Of course it doesn't. It is what...
  20. OTM-Options

    Heads Up - AMZN, GOOGL, MSFT earnings - QQQ weekly calls

    Earnings October 22 - AMZN, GOOGL, MSFT In lieu of expensive weekly calls on AMZN and GOOGL the QQQ might be a good alternative. Perhaps 1-strike OTM calls for about $0.35. This will be a biggest day of Q3 earnings for 2015. :)
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