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Crude oil looking like it's going to confirm on the monthly. Please take note that this is an early cycle confirm.

Up 6.5% in a week vs 1.7% for the S&P. Hope you guys gave a little something out to your friends. :)

Don't waste your time. The guy doesn't trade and he has admitted as much on this forum. He doesn't understand the business. And trolls will never respond to a challenge. It's against their character.

If you are going to be holding these for just a day or two, trade the shares and not the options. The slippage is going to be bad over short periods. Picture a demand curve in economics where you have a straight line moving from the upper left down to the lower right with time on the...

I agree, the calendars are good too. We have huge backwardation right now.

Crispy, this will shut him up real fast. Ask him to put HIS money behind all these wonderful systems on Collective2 that are printing money day after day after day. It should be a no brainer right? Who needs TST right? Just back some of these superstar traders with 1000% returns and no...

Tonkadad, I wish it were that easy man. Boy do I. Look, I'm being really genuine here. Read this book: http://www.amazon.com/Managed-Trading-Myths-Truths-Finance/dp/0471020575/ref=sr_1_13?s=books&ie=UTF8&qid=1378395957&sr=1-13&keywords=jack+schwager The data is overwhelming. It's...

Probably the opposite. The best trades are going to be the ones with the least traders involved. Think about it. You do NOT want to follow the herd.

Crispy, none of these guys actually trade and Pekelo already outted himself. The math is a little bit harder then simply finding someone that makes a smooth $300 a day. In fact NO ONE trading futures has a smooth equity curve. Futures are very different then stocks. Jack Schwager wrote an...

Futures options? Be careful with the basis risk there. Having different months on can get crazy is there is a large move. It's possible your short contract could go 10 pts in the money and your long contract could go the other way!!!!! The move in 2007 did this. We went into massive...

As a general rule of thumb, no matter how high the implied vol, you never want to sell premium in a market that is coiling. If oil suddenly made a large explosive move and the premiums were still rich, that would be a better sale. Anyone selling juice now better have the web address for their...

Rich means "expensive" as in high implied vols as in people expecting a large move. Does that make sense. The opposite is lean.

For those of you interested, crude oil implied volatility is getting very rich, trading at 52 weeks highs and substantially above historical. A lot of action out on the 125,135 and 140 strikes in Oct and Nov. On the longer time frame charts we have a really nice plus 3 on the yearly ACD...

Sorry guys, forgot to post the monthly A down for X. The level is around 17.50. A monthly confirm would negate the X long. And to re-iterate, the upside targets are the QTR A up at 21 and a tag of the yearly OR at 25-26 by EOY.

What is the spread?

With options you have to optimize time. You "should" be optimizing time with shares as well, but most people don't. As I said before, we trade on the margin. So you have to get these things "right". Most guys make a call, say they want to short TSLA. They obviously are wrong, in other...

This is really old news. In other news, I hear TSLA is going to IPO soon. I wonder how that will work out. :D

Let me try to be a value add here. I have seen many option traders over the years (I was at an options prop firm for 8 years after all) and honestly, the reason most guys lost money trading long premium directionally is not because of the greeks, it's because they were bad traders. I'm being...

Thanks for the background Captain. Let me give some further color on this. Obviously I don't follow all the steel related products. There is a steel ETF (SLX) but it's very illiquid. I've been following X for awhile as it's part of my sector basket. So by no means am I implying that of all...

Haha, yeah I remember that. Honestly, people are just too lazy to do all that. I do agree that they "should" do that. I was just trying to be nice. If I told new lurkers all that it would scare them off although maybe that is why this thread has remained so strong is because we scared off...