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omg here come the Gold bugs again haha..

i don't know much about this business you guys are talking about... but some event in CT i would definitely like to attend... the deal is to me every trader is like kinda like a option with his or own set of unique greeks... and by greek i mean fucking greek.. everyone has their own querks.. i...

you can do anything you believe you can do... having your hand held will only cause you to require hand holding... developing your own sense of intuition and dealings with pressure under fire is something YOU have to figure out.. start small.. small enough to where it still pangs but where you...

haha i really like your perspective.. its real..... i'm a conservative.. i'm voting Romey... i would like to vote Ron Paul.. cause i've heard people with real financial sense tell me so. that being said.. my thoughts.. Obama is in the Seat now.. probabilities are he will win.. that being...

if i remember correctly .. the margin requirements on a calender spread like that are basically that of a short call.. and a long call... and the short call isn't covered by the long call because they aren't in the same series.. i'm almost positive its that way.. cause i've shorted and went long...

you obviously know your position size is 500 bucks.. Put master generally directs his overleveraging to people who don't know the problems with overleveraging via spreads.. you obviously "get it" if you have a 100,000 dollar speculative trading account.... meaning its not your retirement...

i get that... totally makes sense.. my thoughts are this.. say i have a 10 thousand dollar account... a 3-5 hundred dollar fly is 5 percent of my account.. thats all i can lose.. not a bad position size to me.. next thing to consider is... don't put a fly on in a correlated name in your next...

that makes sense... selling puts on down days.. ATM i actually have a client in my day to day business.. that sells ATM or slightly ITM puts on the regular.. but he wants to own the stock on a longer term basis.. so the extra time premium in put selling is just a little leg up to get...

just to let you know if your not actually following and just seeing that your right about your call.. he (atticus) did trade out of that at a profit.. as did I with my flys.. why did you pick 680? cause of OI?

Pinned the highest OI strike coincidence or randomness... what do you guys think

His book on excel shows pretty clearly what your saying about the noise of Theo pricing at expire.. His books are repetitive... but talebs are a bit to and I love his I actually post a lot of graphs on trades that are a direct influence of his theory... a good strangle at expire can pay out...

By the way the guy talks about doing the 1x3 over night at expiration..fuck that

I've read most if not all of Augens books.. unless there are some I don't know about.. I've been playing in weekly on aapl since I've started practically .. which isn't saying much... I have considered a lot of what he has said... the guy shorts a lot of vol at expiration or goes long straddles...

I would speculate everyone's appetite for risk is different... you can bury riskand think everything is OK in any strategy... position size.. correlation amongst different trades and or strategies..and or how net long or short vol you are in your book..

I don't condor... but I've read a lot about it.. 20k was just a number.. the girl in the queen of condors article was using 275k

Yea you gotta prescription for a small account... I buy a lot of flys...

Hey great article to read is in the stocks and commodities magazine named queen of condors look it up....

That's why I was saying earlier in the thread that if your pussy spread start getting too much delta to it then you adjust that but not adjust down your call spread so you don't get whipsawd

I don't know how other people would do it but if I had 20 grand I was gonna put up for iron condor strategy s I would not use it all in the initial setup would would not double up just because there's 2 sides of the trade I would split the total amount I was going to first invest and put it...

The idea is split the amount of the one side. Credit spread into tw O... you can hurt yourself in.any strategy.. you can make less money then a treaa Treasury bond and waste your life staring at a screen... does everything everyone say further justify your notions! Haha the real idea is to...