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    For Directional traders

    Thanks, Chagi! Congratulations on your double!! Good luck with the other plays...
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    For Directional traders

    follow-up mini-update 8/16/2005: on options expiration week, i look for a volatile stock that is down significantly for monday and early tuesday morning. i was waiting for goog, but there wasn't enough there... cme was down big on monday but there was news and i chickened out on an entry...
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    For Directional traders

    mini-update 8/16/05: put a position on Aug 280 calls on CME got 7 of cmjhp for 2.35 i commend tdwaterhouse for their execution. i'm currently down as of this time. will provide more info after market-close.
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    For Directional traders

    Very nice, Chagi!! Way to go! I hope your plays all turn out this nice (or better :) ) Your very good assessment paid off well. I'm glad for you! Not to change the subject, but I think the NVDA March 32.5 calls have more than doubled since you recommended NVDA (and TASR) as possible...
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    For Directional traders

    I am truly sorry to hear about your situation, Rob. I can honestly tell you I know how it feels. there's another thread that talks about the reasons for not day-trading options, and when you're trading the short-term options, those same reasons apply because you feel the pressure. the...
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    For Directional traders

    yes. every year since 2000, i've been playing options. i actually have been saying the wrong info, i made money in 2000, it's just i lost it all in 2001. 2002 was a negative as well as 2003 and 2004. This year, I initially put 1K in April (that was only the beginning as I usually have a...
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    For Directional traders

    i'm not done with NFLX... it's just at this time, i'm quite bearish on the markets and even if NFLX goes up, i think it'll be an uphill battle. maybe later when my opinion of the markets change. each stock, each position is different. i try to have multiple reasons before going in, and...
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    For Directional traders

    very easy, actually... years of experience.... of blowing-up the account :D seriously speaking, though, i've had some very nice gains over the years, and i've had some... well, let's just say, the past years have always ended up with a loss that i claimed on my taxes :) at this point, my...
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    For Directional traders

    update for the week ending 8/12/2005: i'm down about $80 from last friday's closing prices. considering all the whipsaw movements i saw this whole week, i'm happy to just end the week almost flat! position updates (bid prices used): DWA Dec 30 calls - doctor, we have a heartbeat...
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    For Directional traders

    mini-update 8/12/05: closed KSS-put position. threw in the white towel... KSS Jan 50 puts - lost $630. had to give up on this. markets are down big and this thing is up, even with a weak profit forecast for 3rd quarter. too many shorts covering? dunno... there's better...
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    For Directional traders

    mini update part deux 8/11/05: entered a position: AMZN Jan 40 puts - risk capital $2400 (plus comm). tentative target for underlying to hit 40 within 1 month. market-related events and/or significant company news may get me to close the position. Peace.
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    For Directional traders

    mini update 8/11/2005: NFLX Dec 22.5 calls qnqlx - sold for gain of $675 (minus comm). could have gotten a lot higher for it 2 days ago, but hindsight is 20/20. sold because i'm no longer bullish on the market in the short term. oil keeps going higher (over 65/barrel now), gold...
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    For Directional traders

    Greetings, Optionpro007 my initial reaction was to ask you for the comments regarding my trading methodology, but i've decided not to for now... if it's still available, i'd like to request it later? thanks. the reasoning was that any comments would help me to be on the lookout for any...
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    For Directional traders

    http://www.bloomberg.com/energy/ i look forward to mondays (not like before), but only when i have positions. i'm also a "gambler" at heart. i'm just glad that i'm able to control my impulses much better now. experience and reading a lot of books on investing/trading have helped me with...
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    Writing options for a living

    Thanks, Torontoman. the problem with black-swan events is that the very characteristic of it is that it cannot be predicted or imagined until it has happened. S&P calls? how about bush being successuful in privatizing SS? can you imagine how the markets would react and how much money...
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    Writing options for a living

    Taleb? From what I know, he's doing ok... probably collecting royalties from his book s :D that blowup article was about victor niederhoffer. i didn't read it, coz i already read it a while ago. a few times, actually. taleb goes on his personal retirement/sabbatical every 7 years. he...
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    For Directional traders

    May God be with you, as well. Rob, my trading style is not really close to yours. you appear to be a technical trader, and i consider my trading methodology to be at the most 20% technical. you also seem to daytrade options. i gotta tell you, i used to do that and i eventually blew up my...
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    Writing options for a living

    i think what you're saying here is that you can collect those deep out-of-the-money premiums because there's no way the underlying will go there? based on 3 or more standard deviations calculated based on price movement per day, per week, per month, etc...
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    For Directional traders

    Thanks for the support. Your post means a lot because I am the one posting on this thread the most and have actually considered stopping my posts because there may not be anyone reading them :D . But other people have posted encouragement as well and I see the views increasing, so...
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    For Directional traders

    thanks for your interest... i do watch the greeks... just for fun, though. i mostly trade based on the underlying. let's take for example the KSS position and the NFLX position. KSS put-position is a position with high IV right now and will probably get lower next week after earnings...
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