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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.

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"...

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...

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...

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...