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Thanks. I got it.

Because, what we think is the face is actually its ass. We are dealing with business end guys.

Who's Boosh?

Are you referring to SPX futures or options? I am trying to explore the possibilities of trading long options to avoid a possible disaster if the worst case scenario happens. I want to explore if it is feasible to trade options instead of futures for short term. For example if you buy...

Yes. The April shows 1 penny spread. I guess I was looking the ones expiring tomorrow. As I said I do sound like a dope.

Thanks for the help. I know I sound like a dope. I am looking at your suggestions.

I am monitoring OTM - ROQOX put on the SPY. The spread is 5 pennies. The move today that I can expect to catch was about 10 pennies. The spread is 50% or at the best 25%. ATM - ROQOZ spread about 5 pennies the move today about 30. The spread 30% to 15 %. the ITM - ROQOC the spread...

dagnyt, one mo re question. What is the minimum average daily range for the underlying compared to the option strike price spread that will make sense to trade short term? The SPY are priced at 10 point spread compared to the underlying so if the the daily range drops to 20 points or less I...

STOP???

Do you think I should use the closest expiration month for short term trading? BTW: <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2368962">

Is there a good strategy that uses long options for short term trading? Like 1-2 days? The spread and commissions look bad. Also average daily range must be 2-4 times bigger than the option strike prices spread. Probably the last 2 weeks before expiration will be best for this.

I am confused. We need to say that the price is far enough from value, but you also said that it is not important to know where the value is. Do you mean that it is not important to know =exactly= where the value is, just to know where in general the value is and then concentrate on how far...

Are there options with high liquidity with small bid/ask spread? Looking to trade options short term (1-2 days). What is the bets way to lower commision cost on options? (I am using IB). Do you think this is feasible? Thanks in advance for your help.

I like your posts. please contribute. can you give some ideas of how to take cue from the market message? are you using dom data or pa?

Agree 100%

Pa(b)st Prime thank you for your posts and articles.

IMO patterns should be used only in a background of the market structure. If one zooms to close and starts trading the pattern every time it shows up, it will be a loosing game. The pattern discussed is good and proven but only if used as an entry that you have anticipated because of a...

When one says 95% or 98% of day traders failed. It will be nice to also say the duration of the study. Did they fail in 3 months, 3 years or 30 years? In a long run we are all dead.

I agree. I eyeball it.

http://www.youtube.com/watch?v=dc0Wb7RE51g