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Good point. The flip side of that is: You don't always have to be right market direction in order to win.

If you are prepared to do the necessary homework first, there are reasonable option positions anyone can take (IMHO) and learn from OJT. Few take enough time and focus to do sufficent preparatory homework. If one is not going to do the necessary homework first, there is never a time I would...

This is a dangerous and misleading question in my humble opinion. Like in any system, the weakest link is limiting factor. The pieces of the system have to work together properly for the system to do it's job. So, what is the most important thing in Driving. Steering? Vision? Gas pedal...

Hahaha That's funny Nutmeg! It is also exactly my point about the guy. He keeps ringing the register. Each time his haters try to hurt him, he somehow turns it to his advantage. He is not to be confused with that BNB idjut. Peace and gtty, Lar

Put Backspread.

Opening up my umbrella here - I am sure the rotten tomatoes are gonna get flung... I probably won't buy his book but I am beginning to admire the sheer energy of this guy. He is DOING. Everywhere. There are a lot of talkers, observers and dreamers in this world... He is certainly a DOer...

Kill Bill one and two. I am a huge Uma Thurman fan since Kill Bill vol 1 came out. That woman worked her arse off doing the stunts herself. The plot was diabolical, complex, full of surprise twists and turns AND ultimately EVERYTHING came together. interesting point. When I went to the...

Usually two to six weeks, periodically as much as ten weeks.

I used to trade these feelings I'd get deep in the pit of my stomach... Almost always turned out to be nothing but gas. Expensive gas.

Years ago, one of my favorite traders (Enan aka Ben) discribed an indicator he used. He called it a "Ping Wazoo". Some markets like the S and P 500 index have a negative "Ping Wazoo". This means when the market drops, IV has a tendency to increase dramatically. The point is that this...

Don't be sooooo picky... just give 'em a brake... er, a break... um ok wait a minute... :cool: Hey, what are you... ignorant or apathetic???!!! "I don't know and I don't care!" was the answer. I forgot what genius said that... a baseball player if I remember right.

Hi crgarcia, I respectfully disagree. Although you alway have to predict something, option trading does not necessarily have to trade market direction as the primary factor. As I'm sure you know, one dimensional futures depend soley upon market direction and timing. Options can be traded...

Also: Delta can also be defined as the odds of this particular option expiring ITM. When Delta is .5 this is also a kind of way of saying the odds of this option expiring ITM are statistically equal to the odds of it expiring OOM. This conclusion is based on the assumption that the market...

Note: Delta is generally about .50 ATM. In other words, all else being equal, this is where the option value increases/decreases about 1/2 the value the underlying increases/decreases over a modest price range. Time value, as a dollar amount, is generally greatest ATM. Fwiw...

Just charts, historic tendencies and option characteristics.

To elaborate a bit: The great majority of the time, Puts increase in value as the market declines and Calls increase in value as the market advances. That being said, there are about 5 different things which affect the value of options... options are not one dimensional... A large change...

You have a very short window for your goals. Here is a a quickie start: http://www.terrystips.com/stock_options.shtml I hope this is helpful. Peace and good studies to you. Lar

Set up a church. Feed the inner city and rural hungry. Franchise out. Collect your million in Heaven. (Just thought I'd make this thread appropriate for the psychology thread by making it food for spiritual thought.)

I use MTGlobal/5Perside as my front end and they are fine. I inquired of Ninja Trader if their free service can be used just for trade, system and account analysis. It is my understanding that I can use them for that purpose - for free via PATS. I've never seen better than their analysis...

Three years or so ago I was long a NTM Put option in KC (coffee) when the market spiked up 8 - 9 cents. Boom. The Put increased in value!!! I got out at a small profit as fast as I could make my fingers could dial the phone all the while not believing I was finally going to get away with one...