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or below if it's a put... but i always thought it was .75 in the money. i certainly wouldn't wanna excercise unless i've hedged it by selling short or buying long the underlying right before market close on Friday. can you imagine getting excercised on GOOG (for .80 in the money) only to...

mini-update 8/31/2005: Closed the call position SPY SPY Oct 122 calls spyjr - closed at 1.85 profit of $50 on 10 calls and profit of $100 on the other 10 calls. This could be one of the most chicken-sh*t trade i've made in a while as i should really hold, but the markets are too...

mini-update 8/31/2005: Closed the call-position on the KBH KBH Oct 75 calls - closed @ 3.30/each. profit of $1725. Peace.

Ok, cool. i thought he said he was already long (and i assumed profitable position) but that he didn't believe in stop-loss order. i guess there's the flip-side where he's long (and negative on the position) but wanted to protect from a "crash" by using a put. i still say close the position...

the confusion that i have is that you said that you're already long and profitable at 1.2200. then you wish to protect it by buying a put at 1.2200 but you're concerned that the options available are European and cannot be exercised at any time except at expiration. no problem. put = short...

why not just buy a call at 1.2200?

mini-update 8/30/2005: Put a call-position on KBH KBH Oct 75 calls - risk-capital of $3225. contrarian-play on the housing-crash news of late. Peace.

mini-update 8/30/2005: cut the SPY position by 10 calls... SPY Oct 22 calls - loss of $250 from the last position that was added. two other positions are underwater... just woke-up and saw the bad news... should have woken-up earlier, but i don't trade in the 1st hour, anyway. the...

Good Luck in your position, Chagi. You've been doing very well with your picks and analysis... I hope it continues (forever :) ). i'm not much of a low-priced stock player as i didn't do so well in the past with them. i've always had fears because they can be easily manipulated, but LOUD...

I'm very glad to hear it worked out for you. Just keep at it and you will keep money from this game... If you can, just try to pick your spot carefully. sometimes, we don't have to try to capture every single perceived opportunity. i like to pick the ones where i think the probability of...

mini-update 8/29/2005: Added another 10 calls to the SPY position... Tripled-up the original position. SPY Oct 22 calls - recent addition @ 1.90/each Good Trading.

mini-update 8/29/2005: Doubled the SPY call-position... SPY Oct 22 calls - recent addition at 1.75/each Good market-reaction to the recent "bad" news. Will close 10 of the calls if we start getting a sell-off today. Good Trading.

Thanks, Steve. I'm gonna look for that book by Marty O'Connell. I also have the .pdf of Charles Cottle's "Woulda, Coulda, Shoulda"... Very hard to read and I've given up for now and will go back to it once I've finished Natenberg. I'm just looking for a Futures book that is "similar" to...

Greetings: Sorry to post this in here. It's just that almost everyone in here is familiar with the book by McMillan and Natenberg on Options... What would be the equivalent books in quality and readability on Futures (S&P, commodities, FX)? Thanks!

what i meant by this is that it boosts your confidence-level... we need that or we'll keep on 2nd-guessing every decision. last week was a bad week for me, and all i could think about was that i can't let that continue or i'll lose all my gains. i don't mind telling you, my confidence-level...

Thanks, Rob. i'm not a full-time trader, but i do work for a semi-govt outfit and our work-environment is pretty lax. as long as we make progress on our projects and finish any high-priority work, our boss doesn't breathe down our necks and wouldn't say a word even if we're on the internet...

update for the week ending 8/26/2005: gain of about $1000 for the week. current positions mark-to-market: DWA Dec 30 - comatose position. loss is currently showing $1260 since inception. AMZN Jan 06 40 puts - showing a gain of $375 VPHM Feb 06 17.5 calls - closed the position in...

mini-update 8/26/05: Opened a call-position on the SPY SPY Oct 122 calls (spyjr) - risk capital $1800

mini-update 8/26/2005: closed the VPHM Feb 17.5 call-position gain of $1500

mini-update 8/26/2005: closed the NTES Dec 75 call-position Loss of $450