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Maybe I am not understanding your wheel strategy. AMRN tanked from around 19 to 16.20. I needed to accumulate shares so they were put to me. Then I sell puts at buy price to collect option premium. Shares are gone much lower than the 18.70 AMRN closed at Friday.

Your system is good except it does not do well with a common v patten 10-15% fall then rise to previous or higher level. I am trying to figure out a way to deal with that. I agree MMs will reduce premium if they see your pattern. I was using your method on biotech AMRN. MM's kept lowering...

I think someone posted that when ES 50x mini was launched in 1997 nominal value was about the same $14k value as the new micro.

I think the problem with Bates and other orthoptics methods is that they work best in oung people and quit working maybe after early 20s. The UC Berkeley optomistry school did have me on a orthoptics eye exercise program when I started graduate school and it did help.

Have you tried soft contact lens. I have always been extremely far sighted (+8.5), but now see better than I ever have. I can barely see well enough to change them. The extended wear brand Proclear Compatibles have a very large correction range for both near and far sided (I have 3 more...

Use SPX or NDX (or other) options that are European style no early exercise.

Do you use a laptop for trading? TWS (mosaic) runs fine on a 13 inch laptop. You should get a MIFI dongle (provides a wifi hub for multiple devices) and buy a sim for each visited country from the best international cell phone company. I do not think cell networks or hotel internet will have...

The micro gold contract MGE (10 oz) had 7.5k volume today. For me I somehow watch the market better when I have a position.

Have you considered selling a few ITM puts 55s or 55.50s? Since options are weekly if market keeps going up you will make more of the up move. Since I do not think markets can go up forever, down side of idea is that eventually you will get more shares at a worse price than you want.

Great journal. Details are complete and regular which is not always true of other posted journals. I tried something like your wheel method with oil and NG company Pioneer Natural Resources (PXD) back in 2014 during the oil price decline. It did not work because PXD stock went down faster...

Who needs fiction. New York Post on the Holmes-Evans relationship. I hope they know to avoid health care for their next start up...

I agree you need to get market direction right to make money in options. In the current market short term weekly credit put spreads have been working. You need to be able to figure out if a market dip is going to happen in the next one to two weeks. There are some good free sites (you do not...

I think the idea might be good. Don't we agree that that futures taxation using year end mark to market accounting with 60/40 gains is good. I do not think the idea of encouraging investment with long term capital gains is needed any more. I see two advantages. It discourages company...

Thanks. I thought there might be some standarized rules for voluntary exercise of the at the money short half of an option spread in IRAs. I think it does not make economic sense for options without dividends, but I have seen it happen. I will ask Schwab. It seems rules are broker specific.

This may be a stupid question. I could not find an answer. What ifthe ATM short put part of say a 5 point bull put spread is exercised in Schwab IRA. I am approved for level 2 option trading and have plenty of liquidating value in my IRA, but not enough cash to buy the stock. if American...

I think the new micro contracts are aimed at 3x ETFs. Maybe shorting companies that offer ultra ETFs is now a good idea. The 3x ETFs all have tracking error and decay that is at least easier to deal with using futures.

IB only charged $1.65 commission for buying and selling 5 MGB 1/10 size GBP futures that is less than charged for one regular futures contract commission. Anything can happen with GBP futures because of Brexit.

I just ran into this thread that is not true. I have a large position in TRXC common. Transenterix (TRXC) is not a fraud, but a victim of a seemingly organized short attack. I am happily collecting my 22% annualized from Schwab for loaning out my shares to shorts (my cost basis goes down 5...

I'm board because Globex is down. I think because of dark pools and various order types, DOM no longer has value. See Chat with Traders episodes 171 and 156 about how Five Points Capital scalps the DOM.

Thanks for the post. The Breaking Bad character has explained an important fact that Star Trek character Scotty figured out. I shouldn't make this joke, but the video clip is so good I can't resist. Scotty's disgusting multiple stomach beam downs explain why no one has found evidence for the...