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Thanks for the laughs gents... Atticus. It is clear that iloveoptions is a knucklehead to believe everyone else is so stoooopid that his bs can't be seen through. He never really did answer your question about the origin of his humongous DD. In effect he said, "try and figure it out...

Nice thread.

A blonde and a brunette were taking the elevator to the lobby from the 25th floor. On the 23rd floor, a very handsome looking man with great hair but dandruff gets into the elevator. The women exchange a look acknowledging just how good looking this man is. The man gets off the elevator on...

6'4", 270, pretty solid, good endurance **!%... Wha??? Ok 6'4", 270, pretty solid... no, waitaminute... 6'4, 270 (former college basketball player...50 pounds ago) Only been in a half dozen knock down/drag out fights in my lifetime. Went nutzo each time. Saw red target...

It's kind of fun separating the wheat from the chaff. Lots of head fakes and bunny trails... just like the markets give. You may find that you throw away many more "insights" and "revelations" and hot tips than you keep. Still, the process of discrimininating useful from useless sharpens...

I'll be selling 76 Q Calls tomorrow or Friday. Peace and gtty, Lar

Peruse these links... http://smotass.com/

Not to get hung up on semantics, but: Expectancy (positive or negative) is based on the expected odds of a profit or loss and the amount gain/loss anticipated. Expectancy is not primarily based on contest costs as has been suggested. It has nothing to do with trading being a zero sum game...

I've been trading about 9 years. You have to put the time in to learn everything thrown at you then decide what to discard. Somehow in this process of elimination, one begins to provide themself with their own view of how the market presents opportunities and risks. Depression and other...

I agree that trading is not a zero sum game. Trading is a minus sum game. Here is the basic math: The short and the long side both pay contest costs (vig aka B/A spreads, commissions and other fees/costs). Let's say one trader went short at 50 and another went long at 50 (same underlying at...

Yep, I'm over it. (*big grin here*) Intermediate - I am not a newbie nor am I an advanced option trader so I kinda defined it by the process of elimination. I wasn't sure what you were asking but now I see that you were offering help, not seeking it. Cool, it's all good. Peace and...

Goat milk drinking anklebiter, eh? So, what the heck are you talking about? There are VERY knowlegable option traders here and if you ask a more specific question maybe some of them will speak up. I consider myself an intermediate futures option trader at this point. There are many ways to...

pjmalcolm1, Something pointed you to this specific idea. What was it? A broker? You failed to mention strike, or month, or how much you'd pay... makes me think you have a lot more homework to do regarding option trading dynamics. No offense meant but I would guess that you are not very...

Great point. Even if it was recognized, would it carry the same weight as it does with the trader who learned it via trial by blood, sweat, tears and fire. Probably not.

If I remember right, McMillian's "Options as a Stratigic Investment" may have what you are looking for. Peace and gtty, Lar

Avey's clothing store was doing poorly. In fact he was having to close unless something changed drastically. Jerome came in claiming to be a super salesman, and wanting to work on commission. Avey quicly agreed, reasoning he had nothing to lose. Jerome was a fantastic salesman. In 2 weeks...

Thanks Tums, I think the web based interface may be just the ticket. I've been looking for a better way to transition to IB and this may be it. Peace and gtty, Lar

Reasonable basics here: http://www.numa.com/derivs/ref/os-guide/os-0.htm

Sorry... of course you are right... I was thinking NTM Put Bear Spreads and I now stand corrected.

If I'm hearing you correctly, (1) could quite likely require more margin than (2).