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Or Gene Wilder.

I disagree. That would require the well-married cosmetically-enhanced Senator Kerry to hold a level of conviction grounded in a principled-based ideology that his record would suggest is completely foreign to him. On second thought, Stalin did have a similar coif, did he not? Hmmm. . . .

8% monthly returns on covered calls seems aggressive. But I suppose it's possible. However, Riskarb's more salient point is that a naked put is the synthetic equivalent to a CC. However, the naked put, even after setting aside the issue of lower transaction costs, presents a superior ROI to an...

Dude, what is it with the incessant shilling of late for thinkorswim? Sosnoff and crew are good guys and they've built a decent trading platform. In fact, as I've mentioned, I have an account with them (though I wouldn't pay them, or anyone else for that matter, a nickel for options "advisory...

Look, I'm not on Cramer's payroll, so I have no interest in defending him. However, that kind of myopic comment makes me laugh. Why don't you mention his recommendation of DIS calls a couple weeks back at .65 that 2 days later on the Comcast news were 2.75? Or how about his AWE buy...

I used to be pretty down on him as well. However, I have to admit that his track record over the past year has been pretty impressive. (Though I understand his record wasn't nearly as good during the bear years, it seems his approach works quite well in bull phases.) Also, unlike many faux...

Yes. On relatively quick moves, the appreciation of the naked long call will always be greater than the amount by which the bull spread will have widened (assuming comparable deltas).

Though it has higher risk, on a short-term move a straight call will always outperform a bull call spread.

Then my misunderstanding. I thought all the talk about FDA approvals, sales potential, market opportunities, etc. was delving into the realm of the fundamental. Perhaps Greek is not the only language with which I, at times, have difficulty. Mea culpa.

Besides range bound stocks/indices, long flys are best used on high IV names given the negative vega.

I love it when guys who may happen to know a thing or two about the Greeks start acting like fundamental analysts. Sorry, but methinks thou hath no edge in that very different game. I suggest that you stick to your knitting if you desire to retain your standing among the neophyte ET multitudes...

In addition to being a very good tool for hedging a stock or futures position or portfolio, options have the distinct advantage of allowing one to profit with various non-directional strategies. That, together with the almost limitless flexibility of options, is what truly sets them apart from...

Sorry, but you're wrong. I have an account with TOS and, though it's a nice platform, you simply can't compare it to OptionVue.

I've used OptionVue for a few years, and I find the program extremely robust, though I can't speak to the programming aspect since I'm not a programmer and don't screen for prospective positions in the typical sense. However, OptionVue is very expensive and they nickel and dime you on...

Flys have been margined properly at IB for some time, but iron condors required margin on boths sides until recently. However, I was told a few weeks back that they were in the process of fixing their margin rules for condors, and may have done so by now. Contact Def to get clarification.

Right, the play would've been this morning when vol likely spiked and the premium was richer. You could've then bought the lower strike this afternoon to reduce your risk. But if the idea is still of interest, you may get another chance to put it on at a more attractive price in the likely event...

How about a synthetic long instead? Sell some relatively expensive March 30 puts to pay for your April calls. Sure there's more downside risk. But, if your analysis is correct, no worries. Plus, you'll be theta pos through March expiry. Just a thought.

Having been an equity analyst in a previous professional incarnation, and having been an active "consumer" of sell-side research for the past several years, I can tell you that such research can have its usefulness if one is fully cognizant of the limitations. As Blue mentioned, good Street...

Arb, by chance, do you deliver? It's kinda chilly outside.

Swish, Thanks for sharing some very important lessons from what has no doubt been a difficult time for you. I had personally avoided going the hedge fund route despite some opportunities in the past mostly because I treasure my independence, and the potential monetary rewards from managing...