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  1. M

    magic journal of doom

    two days before May exp. day and I have no May options to worry about. I am gonna head out to the range for a few buckets. My short iron really need some work lately. and the volatility in the stocks near exp doesn't concern me.
  2. M

    Have you ever introduced yourself as an speculaor?

    They always asked how is that vein look? I say there's gold in them hills.
  3. M

    magic journal of doom

    closed out the 17.5 May put.
  4. M

    magic journal of doom

    closed out the 15 May put. now I'll sit back and relax till Friday. the ACOR position is going to sit for a week or two also. I wont be doing much until the GTXI position is unwind. More research and reading.
  5. M

    Trader Tax Status?

    if you day trade isnt it a good idea to mark to market? taxes will be so much easier.
  6. M

    magic journal of doom

    sold 10 June 22.5,15 strangle of ACOR@5.6. This is a very high probability winning trade according to my standard even more so then the GTXI and so far GTXI have been a very lucrative trade . Also I still have a bullish speculative position in GTXI. The May puts will be close before Friday and...
  7. M

    magic journal of doom

    just bought back my May 17.5 and 20 calls. Still have short May 15 and 17.5 puts, and also my 17.5 june calls.
  8. M

    Prop Firms for Options Writers

    I know what you mean. But some people might think that is a great deal, to pay up front and be charge commission per contract.
  9. M

    Prop Firms for Options Writers

    remember they are still charging u .25 per contract + all pass thru fees. so they are still making tons of money off of you plus the $1000 up front. Like you said if we trade enough volume then why the $1000 up front.
  10. M

    magic journal of doom

    I got to hit a few balls at the range today, after the conf call, came back saw no wild fluctuation in the stock. No PIN trial prelim result for another week or two. I am planning to buy back the strangle for .3 or less, the straddle for 1.0 or less and hold on to my long call for another week...
  11. M

    Prop Firms for Options Writers

    let me borrow 400k?:D
  12. M

    Prop Firms for Options Writers

    I would love to work with you but $1000 monthly up front fee make me laugh. If the membership fee was like a low percentage of the monthly gross + commission. then I'll put 50K down ASAP. What you advertised is completely one sided. I would rather pay retail at $1.00 per at least I know I can...
  13. M

    magic journal of doom

    so far so good today earning was in line and nothing off the wall in the conference call. looks like my short strangle will exp out of the money on Friday and give me all the premium. I am trying to close out my short straddle @1 or less by Friday or else I'll let it be assigned if the put is...
  14. M

    The AMEX FRO (Fixed Return Options) Thread

    IMO I prefer better odds then binary.
  15. M

    NCC

    why would you want to sit on dead money?
  16. M

    optionshouse: Good? Bad?

    I checked them out, its good if you like to click refresh all the time, no streaming quote. the platform is web based. if you trade more then 10 contract then it might be a good deal. I went with TOS.
  17. M

    up 29% this month!

    29% in any account is a big deal. the risk it took for that 29% must be amazing. I bow down to your iron stomach.
  18. M

    magic journal of doom

    no fireworks today, I am maintaining my position as is. Monday will be a telling day with earning and conference call. No plan for the weekend yet.
  19. M

    magic journal of doom

    good Friday!!!! Well it is decision Friday, so I will post my actual position not just open P/L. Earnings will be coming on Monday morning and still waiting for the PIN trial announcement(which is due anytime now). The stock is pinning to around 17.5 as I expected. If there is no huge...
  20. M

    The AMEX FRO (Fixed Return Options) Thread

    still a bit of a gamble considering the risk graph.
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