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Mel, that does take a lot of capital, but certainly has worked on APPL for years. I have been doing LNG covered calls, as it seems to hold huge IV months on end, and is cheap (closer to zero, cheaper downside). Selling naked puts on it would be the best way to start. Right now you can...

Hi, I have used Hoadley for years http://www.hoadley.net/options/strategymodel.htm And got the pay version. Its good, but you can get only 6 positions in it and it only runs on Excel and I am having trouble getting it to run on Win7. So am looking for something, either Excel (or even...

lux, have seen demos of both. poweropt does not do it, but did find the married put income concept interesting (sell calls againist for income). livevol does not seem to do it either. I am manually looking for these ratio percents.

ASE yes, that site calculates potential return and odds of any profit, have to say am impressed with it. Been doing good on some IWM spreads it identified.

Yes, am sure. I have worked for and run software companies, even done support. The worst support have ever seen is IB and Tradestation. The retail firms like Scotrade and Schwab have excellent and polite support. Being you are a IB customer, how easy is it for you to read the acct...

Have noticed an improvement, their support was so infriuating in past if HS knew how custmer felt they would put them on no fly list. On the wall they must have had banner that said "The Customer is Always Wrong even when They are Right" It seems much better last month or so. Any rumors...

This is a different way to look at things besides IV. Lets say a stock is 51, and a call 50 Cal Sprd is 1.75 shrt 2.00 long. That is .75 prem sold to 1.00 prem bot or 75% preminum ratio. If the long was 2.50 then it would be .75/1.50 or 50% Prem ratio. I would like a tool whereby it...

Hi Spin, NLY has not been declining .50 a Q, in Aug if 2010 it was 17.50 in aug of 2009 it was 16.50, its very steady, but yes if it dropped to 15 the 18 calls would be maybe .03. But then would sell half as many 16 calls as the 17.5 Leaps. Am happy with noticing how much cheaper the...

Hi Maverick, "You do know that you are losing the dividend right? About 2.70 worth of divies. That's a lot to give up." Yes on giving up the dividends, officially. But at same time reducing cost from 18.05 to .95 to "cover" the 18 short calls being sold, and just paying just .40 in...

Hi, Today with NLY at 18.05 put on a trade with Jan 2013 long 17.5C for .95 and short Aug11 18C for .35. So .40 time premium on 16 month option, and .30 time preminum on 1 month option ???!!! That is why put it on. There is great expertise on this board, can you help me understand...

Hi Spindr0, I have been doing it with Calls as big crashes more likely than huge gains. Being pick higher IV to sell and higher than HV, the short options tend to be 50% to 100% the price of longs, so on crash of both does very well. If stocks go up same, as more time value in short, it...

Thanks Attticus for review, will look into the Wizard folks more.

Here is the short manual on http://option-wizard.com/scan/manual.shtml I have not been able to get the trial to work yet, so will call them. But the manual indicates it does it. It appears to be new product for them. Will let you know what I find.

AFAIK = As far as i know, got u.

Atticus, Yes. Am familiar with Ivolitity and have used them in past for other reasons. Nice folks may go back to them. The livevol someone else mentioned does seem very capable looking at their demo. The other one you mentioned will check out. On Option Wizard® Scan anyone here...

Hi Atticus, Yes, general idea is to get ranking of all or sublist of stocks, for what the option models indicate are the most over and under priced, basically the IV being the highest over the HV or reverse. I would use that as starting point. Avoiding drug trial type stocks, would pick...

Ah under lying, Thanks. It has worked so well so far do think luck is involved. How I see it is 2 out of 3. If both stocks sit still or move similar it makes $, If long does better, makes $, if short does better loses $. Cheers

Spindr0, I meant UL not UV

Hi Galvin, No seminar. Read a book many years ago on this, and decided to try it out this year. Do throw in adjusting positions, doing a short vertical spread against long non-spread, look at chart etc. But would like the best candidates a lot easier then am doing it now. How do you...

Hi spindr0, Yes you can lose money doing it, but so far its worked quite well for me. But I am doing it manually and as such not finding the best ones. The first batch of 15 or so was successful, but they are over now and need to find next batch and want to save time doing it and...