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  1. R

    SPX Credit Spread Trader

    I trade the RUT with with this strategy with variations in adjustments and hedges. Tighter b/a and more volatile but I prefer it over the SPX. Same risk management principles apply.
  2. R

    SPX Credit Spread Trader

    Good post jeffm, I agree that the IC is not suitable for that kind of mental approach. [ QUOTE]Quote from jeffm: Your vocabulary below tells me you are not approaching this the right way mentally. There are some trading methods and systems that require toughness. If you "wimp out"...
  3. R

    Google, november call

    Sorry but what does a Series 7 got to do with knowing about options? I had a series 7, 65, 31 etc. too 10 years ago and it means squat right now. You said this will be your first options trade so I was just throwing caution to the wind. Optioncoach was right in what he said. I ask the...
  4. R

    Google, november call

    If you are as sure as you can be that GOOG will be at 550 by Nov exp. then why would you long a straddle? A straddle is put on if you don't have a clue about which direction the underlying is headed, but only know that it will move in either direction in a big enough way to overcome the premium...
  5. R

    Google, november call

    Well this is a pure directional bet and I would suggest you thread carefully. It may eventually go to 550 and I personally believe it will, but I am not too sure it'll be by 11/17 (or to 505.3 for you to b/e). I know that Cramer has been screaming nightly about GOOG but there are not a whole...
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