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I bought after the earning when YHOO was trading around $25.2. Not going to details of my calls since this thread is not about my trading system/journal. It is about max pain theorydoes not really work like for YHOO today. I still wonder about the mass difference in between the open interest...

No one likes to make a guess? Mean while YHOO is over $26, which is within $1 to reach the big gap area. Most 25 calls are closed but lots of puts are outstanding. This last half hour will be interesting. I have some Aug & Oct calls.

is way above the current stock price: http://www.iqauto.com/cgi-bin/pain.pl Doubt that YHOO will move up to that level. Tons of ITM July put options open interest still. Stock is moving up. Wonder what kind of closing YHOO will have today! Any guess?

If you have finished the book, more power to you. Right now I am happy I have the book to check into just in case. I am learning everyday & just like to set priority to my readings. Right now finishing that book is low priority since I have learned enough option building blocks to make money...

If you want to do earning plays, you should get into position like 2 weeks before the report. Otherwise the imp volatility increases before eaning & usually drop right after. I had the same thing happened to me a long time ago. After the earning AMAT moved to my way my options still were in...

I still have the half-read Phd book. That's why I double check with them if I really need to read that book. I call that book a bible:) Whenever I need to check into more of something like butterfly, I do dig in the bible.

When I read his book before it put me to sleep. Then I ask my option brokers, they told me all I need to know is the basics: http://www.chartbender.com/learnoptions.aspx

There were unbelievable huge volume in Aug call options today. Guess lots are taking a YHOO imay bounce position like I did today.

I just bought some cheap call options incase YHOO bounces. Can not believe it moves down so much in today's short squeeze rally. Guess it is reall a max pain in this option expiration week.

Can you post a great money making swing system with your back tested performance data? Thanks!

QuoteTracker auto draw trenline!

Try this one too: http://www.marketcenter.com/

Try to avoid calls in calendar spread because most of time when market moves up VIX moves down. You have more chance to make money with put calendar spread with less effort.

Sometimes I think the Megabucks is like the black swan in trading. Video poker is like option trading with predefined risk. I do not like table games, the tips increase the business expense. A guy wrote a book recently about poker is a cheating game, etc. Gambling is not as thrilling for me...

I remembered even Franz diappeared from that site in a short time, claiamed he did not have time to cover his poor performance there.

I think different option strategies are like different knifes for cooking. You need to use the different strategy for different assumption. When I use options for directional trades I will look at my projected stock moves to decide the strike & month (always need to add 1 month more)...

Can not rely on the web site information. You need to call them for the updated price. TOS offer free chart, etc. When you check the broker, you should not rely on the commission alone. You need to check out whatever broker can suit your trading style.

A previous ET thread has already covered this topic. Please do a search.

Some IRA accounts do not allow options & shorting stocks, therefore in down market the only reasonable holdings are bear funds & the new bear ETF's.

There are also the 2 X ProFund & Rydex index funds. Are the expense ratio lower in ETF's? How to benifit from the bear & bull rotation?