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Hell, do they still have Trix? I loved those as a kid. I have them linked in my mind with Captain Kangaroo. A jury verdict does not prove anything about the science. This one may be less clear-cut than the JNJ verdict on talc (which was unfounded in science). It seems that scientists disagree...

Sorry to take so long to reply. The last couple of years have been a good time to do this. Other years will suck, I'm sure. The trades are not totally neutral in that my target is not where the market is now, but where I think it will be when the options expire. So if I put on a fly, the center...

Couple of things. I think your strategy is workable if you do 4 things: 1. Wait for higher IV. Since you are thinking of trading weeklies, this could consist of nothing more complicated than waiting for a day when the underlying is down and the volatility is up. 2. Use an underlying that is...

Alex, I respect your experience and opinion, but I don't understand. There are two questions here I hope you or someone else will answer for me: Why would it be illegal for TD/Tastytrade to interview an unsophisticated trader headed for a cliff? Why would Tastytrade even interview her if they...

Hard to gauge your level of sophistication. A financial advisor will drain your account and cost you a lot of unnecessary fees over the years. The only thing a prudent advisor is going to do is put you in a moderate (not too conservative or too aggressive) mix of stocks and bonds. And you can...

I just set it to the sleeping point, and I guess that comes out to about half Kelly ;)

I have not calculated Sharpe yet. Kelly says I should use 8% of my account but I have no intention of doing that.

Averaged 5.2% per month over the last couple of years trading RUT. Some trades bullish, some neutral. But only using 4.5% of my account for options. Options trades can go to zero. Need to stay small with these things.

Flies are more useful for certain purposes: 1. You think the UL is going to a certain point. Use a fly centered at that point. 2. You would like to sell a straddle, but want to limit the risk. Use a fly with distant wings. Iron, puts, calls, doesn't matter. I use irons only because I'm used to...

If you do not put your trading first, you will be less likely to succeed at it. This does not necessarily mean you have to spend the most time at it, let it get in the way of your day job, or anything like that. It means that in your thoughts, trading is your first priority. I hope I am...

Sweet little flick. Thank you.

Yes, Vietnam is not a good example of US military might. We don't even use a fraction of our available capabilities. In Vietnam, we were unwilling to bomb the place to smithereens--we employ more surgical interventions, out of humanitarian concerns. You may be sure that we could destroy anyplace...

As one of those people who once knew nothing about money and did perceive the importance of learning about it, I must respectfully disagree. When I got my first "real" job in my 30s and saw how much of my money went to the government, I hit the bookstore and library to learn how to remedy my...

He developed real estate in the Mohave Desert, starting in the 1960s when there was almost nobody out there. Mostly he bought raw land and did not do anything much to it. Sometimes he dug a well or graded a road. He divided the properties into smaller parcels (paying the county to permit this...

I hope that you will not "manage the fear and excitement" of a 5-year-old, or tell her what to be interested in. A child (and indeed, a healthy adult) should be free to feel her emotions and develop her interests. My dad wanted me to be interested in his profession, but I wasn't. Although he...

Most small cap stocks have poor bid-ask spreads. Look at some option chains. And they will get called away at some point.

It's not entirely the church's fault; I think you have to consider the individual. Without willing believers, there are no churches. And people want to believe weird things: they want magic, instant answers, someone watching over them, someone making sure that their behaviors and those of others...

No, not if you are using liquid options. But it might depend on the underlying. Grab some option chains and make a few assumptions, do the math. I personally think I am better off buying the shorter dated options.

I think that soba noodles are tastier and have fewer calories than whole wheat pasta

It is all calories in and calories out. The laws of physics do not change.