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Seems like just when you can't see the market moving higher.... it moves dramatically higher.... Hope some of you are playing with the diagonals this month! M~

Mav, You opened up an invitation to join you and your group in Chicago. If you don't mind, I'd like to take you up on that offer. We have a group of about 30 traders, most with 7+ figure trading accounts. There is very little support here in Grand Rapids, MI for such accounts and...

Coach, You PROP traders are killing us retail guys..... we used to be able to count on you for market direction (at least a sure change in direction)... but his scalping is really confusing the Market Makers.... Now we don't have any edge! :) Murray

ET traders, Now that taxes have come and gone, would people be interested in sharing total NET portfolio performances for the past six years, 2000-2005, year at a time? I'm asking as a learning & sharing reflection as to how different trading styles and strategies have faired under such...

Rich, Welcome to the board. For comparisons.... here are our May positions: 1215/1225 = .70 1365/1375 = .45 ROM = 11.5% We use indicators to help target entry... Good Luck.... welcome to the group. Murray

Phil, lol Keep working the Diagonal entry. Think more about VEGA, rather than THETA or DELTA, on this entry. Position your analysis around VEGA. Phil, did you check out the value of your April diagonal position this afternoon.... :) Is anyone making money trading Straddles...

Side Note, This months 'straddle' positions were very profitable.... most notably and thanks to the California Fed Governor. Is anyone else heavily involved in short term straddles? Murray

Phil, Just a quick follow-up... diagonal. Holding your position, as suggested earlier, based on risk/reward and past monthly performances bouncing off channel support, would have profited nicely on a percentage basis these past two days. Just a side note: I'm trading diagonals into...

Mav, As a current under-paid and under-appreciated statistics/Calc teacher, I'm always exploring the theoretical side of options positions.... let me share some thoughts. Each strategy has it's time and place in the market. Some more so than others depending on the structure of the trade...

Mav, I really appreciated your comments to Coach about the Debit vs. Credit side of the spread. I further researched the latest movements on the SPX over the past two years.... What I found was..... buying debit spreads, as you suggested, slightly out of the money was a much greater...

Phil, With less than three days to expiration, tell me why you closed the Diagonal Position. The 660 net credit was yours for the taking.... no matter how far down the market would move the next two days. The additional 200+ was ear-marked for a nice follow-through rally from here going...

Donna, The May calls are making money, unfortunately the May puts are losing money... per say. The shorts will expire worthless, but is volatility which we want. It's VEGA which we are trading, not Delta. As it stands now... the trade is profitable and with little risk. Phil...

Phil, Just a thought on your positions keyword search page..... maybe a keyword search based on the expiration of those positions. This would make looking back at various month expiraton positons easier. Keyword Example: ExpirationMay05 :)

FYI, Just filled a May Put Spread: 1210p/1225p @ $1.00 Oil concerns beginning to ramp up May premium. Vega increase really looking good on the diagonal.

Back from the Mountains.... and catching up on the reading. Just a side note.... skiing with Donna at Copper Mountain was a delight. She is a great skiier! It was a delight to meet and spend a day chatting shop with you. Thanks Donna. ( I won't post your pic just yet... may need...

FYI, Off to Colorado.... from Michigan, to meet up with VAIL. Hope to bump into Donna Friday with deep discount ski passes. She'll be unavailbe for comment on Tuesday.... as we plan to carve the hill all day long. Donna, we should be passing exit 250? probably sometime between...

Correct But when I sold the April 625c, I'm now back into a ratio diagonal.... I really like the fact that the diagonal trade has many facets... adjustments... opportunities.

Coach, Those diagonal spreads sure behave differently than the credit spreads. It really shows how the Calendar vs. Vertical is a completely different beast. When I look at the Diagonal (calendar) it's all about volatility... at least on a daily basis. Again... this is a wait until...

Did I mention.... SCALPING. Yesterday's move down was a nice .25 profit on those additional 6 April shorts.... today is a great time to sell them again. This Diagonal... allows you to scalp the leftover shorts... or play the position differently as the market allows. Murray

Rally, I actually placed a Donna positions when I enterd the Call Side. This means I legged into the put on the downside. But in general, as you pointed out, the Put side is difficult if not impossible to put on for EVEN. The call side is tricky. As you pointed out, getting in for...