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My bad... Need to re-take that technical reading class again soon. :)

Why not IB for all of them?

Heather.... why did you close them with three days remaining? Check The Math .15 for three days.... is 1.5% return for three days... which is 182.5% annual return... not including the commission savings! If your margin account is paying that kind of yield, please let me know...

Apex, Who is your broker, if you don't mind me asking? M~

Richard, I'm looking for a newer crystal ball also.... ;) M~

Earnings, PPI, and Fed Minutes, reports this week should out-weigh what is happening in the Middleeast. I really think people are still complacent about $75/barrel oil. It's just changing people's driving or spending habits yet. Yes... the consumer numbers are slowing.... but they're...

Math Margin Quiz: The only legitimate way to calculate your monthly return on margin is to weight it according to the total possible. That question always reminds me of this high school ACT test question. " If Mr. Ryans 1st hour class of 10 students had a class average of 60% and Mr...

Rdemyan, With a week to go until expiration.... let's say .15 plus commissions is what it will cost you to close the position... in my opinion is like giving away a 10% profit for one week. Would you be the buyer of this .15 debit spread hoping to make 10% in one week? Here's how I...

Prevail, You can play them for VEGA.... or Delta... or a combination of both. My suggestion might be to sell the next month (Aug) option at where your downside target will be at expiration for that month. ... and purchase the following month puts two-four strikes out from that... A...

I think what Mav meant to say was... 'He is proprietary' M~ Thanks Mav for arranging the conference call... we'll be in touch.

You won't find the Credits... you're not playing THEAT... you're playing VEGA and a little DELTA with the Put Diagonal... that's the difference and in my opinion the advantage. Put Diagonal... up big today... whew! With no worries.... can exit anytime. M~

Mo, Yes... this is what I was refering... I haven't played with individual equities... VEGA wise that is... selling back month VEGA. But I like the idea. Just appears easier to take advantage of the known... rather than wait, hope, and pray for somthing going forward! I have a...

Conversely.... Now you're set up (with SPAN or Haircut margin) to sell back months VEGA... and buy short term longs... ie, being short VEGA for the whipsaw. On the bounce... or stagnant movement... profit on VEGA, is further downside and VEGA spike.... just wait it out... because you...

Coach, Here again lies just another benefit of the Put Diagonal. You really encourage the trade to head toward your short.... and with VEGA spiking... you can just close the position for a profit.... just when credit spreads are glaring "RED" in the face... or looking for alternative...

The put side is 1:1. When and if the market approaches the short strike... volatility spikes take the Break Even much further down... and offer many adjustment opportunities.... although I've found selling into the VEGA spike to be very profitable. The call side is ratioed.... and I've...

Coach, Haven't heard you talk much about the diagonal spreads !! They have been extremely profitable as of late, especially with the VIX popping up and down. Are you still trading them? We're looking to enter a put diagonal here shortly, 1200p/1225p, and possibly a Credit spread on...

Mo.... I think I see a little bit of truth in your naked statements.... can you admit to a little naked (or front month covered) directional trading of backmonth futures options? M~

This all depends on your GREEK outlook. In reg-t accounts, you obviously can not. Diagonals in a traditional sense exploit VEGA (long).

Is your Diagonal, 1:1 or a ratio? May I suggest you log in your trading journal, the GREEKs during an entire monthly duration.

Coach, By now you obviously see the huge advantage using HairCut marginl, especially in your current trade position. For what reasons then are you still trading Reg-T? Curious, M~