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falconview, where do you go to get that open interest? Thanks

falconview, but at least this was sensible panic. Could you still get back in today to recover some that? I am well aware of the tendency to get in and out early, that is why I want a numerical system to take out the emotional part of this. Still working on that. Michael

TJ I was talking about credit spread adjustments (in this case put and calls). Can you tell me anything about the adjustments and my 150% strategy from these? Thanks Michael

falconview, interesting to see such a quick and extended rise in the NDX this last month. 14%, 6% in one week, which means we might have to rethink the 4% deviation on the weeklies to be safer, right? What are you calculating for a monthly percentage that you feel is safe and sustainable...

falconview, how much money are you considering investing? Is their tax in belize on money earned outside the country? Are you a resident there? Michael

TJ here are the condor prices for Oct. Sept 9 SOLD -20 VERTICAL NDX 100 OCT 10 2050/2075 CALL @1.10 Sept 13 SOLD -20 VERTICAL NDX 100 OCT 10 2075/2100 CALL @1.15 Sept 15 First rollout adjustment BOT +20 VERTICAL NDX 100 OCT 10 2050/2075 CALL @2.35 Sept 16 SOLD -10 VERTICAL NDX 100 OCT...

HI guys, have had visitors for a few days staying with us. TJ, my gardener even has a gardener! I really think you should set up an advisory website with your trading suggestions. falconview, did your indicators show that reversal at 7:09 pacific time? Muchos gracias, Miguel

falconview, happy to see the impending correction on its way! Wish I had a clue how to predict that myself. Haven't got that down yet. Michael

TJ, exactly, however I know that you would be able to do this, something I read from a very bright trader. "There is an alternative to track records based on observed numbers and time: one needs to prove theoretically (using mathematics) that a high prob strategy has a positive edge. "...

falconview, you are right I am delving in to many differnent things. that is because I know so little, I dont even know what to specialize in. You can be assured that once I find my mix of two or threee that will be it, you are right. and when you can show me 4 years of profits, I am happy...

TJ and falconview. Believe me, I appreciate the way you look at things because it gives me a whole new approach to develop. Have not talked to the broker yet. Have you done any dividend arbitrage? Thanks Michael

Guys, take a look at http://www.optionsmart.com/qqq.htm gives a list of their debit spread trades and you can see how they adjust them. Small profits eash time, but quiteconsistent. Love to hear your thoughts Michael

TJ Holy smokes, there goes the playtime out the window now! What have you started? Michael

TJ arbitrage, the buying and selling of the same item at a different price simultaneously, the possibility of a risk-free profit at zero cost hmmm. never looked at that with options, will check it out. Open my eyes wider, TJ what did you have in mind? Calendar orbitrage? Intramarket? some...

falconview, How would you feel about 1.35 credit for 2100/2125 in the monthlies? Michael

TJ asked "5. Stanford: My prediction for NDX: sellers expected to appear before 2013. Using a 1.5% band (which is roughly a daily range), sellers would start appearing between 1982 and 2013 on this bull leg. Falconview: what are your models saying? Yesterday the market had trouble moving up...

Falconview you wrote "In theory anyway: I did 50 - 515/510 Oct. OEX and sold at $9.00 and Buy the 510 at $7.50 I just closed the credit spread at: buy the 515 at $4.70 and Sold the 510 at $2.05." So it seems to me you got 1.50 credit, then it cost you 2.65 to close the spread. That seems...

TJ you have hit on #2 below as the thing that concerns me most with the credit spreads. That is why I am most interested in monthly far OTM spreads. That is also why I am very keen to learn and practice the adjustments because I know it will happen often that the market moves against me. A great...

This quote from another thread is the one that I think has the most relevance to us. This is also something I lack (the market prediction), and why I will not use real money for a long time. Quote from Maverick74: I have some very bad news to report here. I, however, stand by this...

falconview, what is your view on how much longer this uptrend will continue? Michael