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Not at all. I appreciate your comments. Just so I am clear on your message, I have attached the following image. Can you let me know if this is what you would define as an appropriate exit? You have may have other methods which more closely define the balance of power, so for lack of a better...

Damn, apologies. I read your post incorrectly. So you would exit if price descended below the latest HL? I should have included the y axis for reference. Reason for Edit: My stupidity. :-)

No stop then? Just exit at resistance?

Given the attached scenario, where would you place your stop, given the last indication of the HL is based on ZigZag, so it could disappear if price descends below it. As such you don't really know you are at the HL yet. In other words, when would your Long be invalidated? Many 'experts'...

STX?

Do you monitor your leverage in terms of outright stock position? Ie if all positions were put to you? If so, what levels are you comfortable maintaining? 100% of account, 200%?

They report earnings just prior to Feb Expiry, so I took the March expiry also.

What's your thoughts on NVDA? It looks to me like its hit a bottom, has lots of cash on hand. Small short float.

...And Forbes: http://blogs.forbes.com/taesikyoon/

Listen, I'm not going to get into an argument, and perhaps my comment had a negative tone, so I shall put it another way. Posting your trades realtime adds (imo) great credibility. It makes people sit up and listen when you reveal not only your winners, but also your losers. PM posted the NUS...

Perhaps we can learn a thing or two from PM and post trades as they happen? I don't doubt your trade, but if PM has something going for him, he has the guts to post trades realtime.

Glad I asked... lol.

PM, Have you looked at QCOR at all? It seems to have some good fundamentals, coming back from a recent slide. Nice support around $25 with a good return for the Jan 25 puts.

Good trade PM. Hope that covers and more the misbehaving NTES. Can I ask, what sites do you use to analyse the fundamentals? I use Finviz and Yahoo. Any other recommendations?

PM, I am working my way through the thread, so apologies if you have already answered the question... Do you have a minimum holding period before closing a profitable positon? If you have a big move in your favour a day after entry, would you exit the following day?

Now PM and Atticus, Can I remind you that I am the OP, and that if you want to play in my sandbox, and get the nice toasted sandwiches and hotdogs, you have to place nice. I am not sure if I completely understand both of you, and whilst I agree with both sides of the picture, I originally...

Yep, I deserved all that. My example was hypothetical, in reality I know where the responsibility lies. I know you have explained credit spread risk a few times, now that I have been perusing your thread, and I appreciate the time you have taken to point it out to me. I have been selling...

PM, I really appreciate your explanation. I am not sure if I completely understand all of it, I'll need some time to digest it all. It sounds like your primary point is options expiring within the spread. What happens at expiry when price is outside the spread? Ie when both strikes are...

How so? If you make a decision to trade only cash-secured, then why would your account end up in margin? So I have taken a closer look at my real yield if I trade only cash-secured, and I'm pretty convinced your statement is correct. I'll have to use margin to make any profits from credit...

Thanks for your input PM. Are your responses based on IV should markets correct or rally? I can understand seeing quite a skewed Open PnL when volatility increases, however at the end of the day, ie expiry, those spreads that are OTM will expire worthless. I should also add that all trades...