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Actually if you view your positions in another piece of software like Optionvue you will find that your greeks are hit or miss. Something is going on with their delta calculations, they were aware of it a few weeks ago and said they fixed it. However, just the other day I had a SPX position...

I think once you have put in the effort to come up with a strategy you are comfortable with and have tested it, the actual trading part should be easy. If not, it might be a sign that either you lack confidence in your trades (more testing) or you are trading in a style that deep down you...

Last time when you made $100 on TWTR you took a few days off to refresh. I imagine after this you might want to sequester yourself up to the Hamptons for the rest of the summer. :)

Might not be a bad idea, even with the slow drift up in the SPX, the VIX seems to be holding it's own in a pretty tight range. As long as you are ok with the chance it could get down to single digits if we have a surge upwards. What about the /VX futures? You could put that on as a longer...

Replying here too, but I am waiting to see how AAPL moves over the next couple of months.

No idiot I am wondering what happened to the guarantee by the OP that TWTR would be up to 41 and he had a btc order in for 2.50.

What happened to 2.50?

Add some insurance. When the tail risk hits, there is no rolling down or out strategy that will help you. You will find a years worth of profits gone before you can blink. The problem I have seen is that we have had "once in a lifetime" events pretty frequently over the past decade. If you...

Successful and politician is probably an oxymoron. Take the word "income" out of the equation and a fixed monthly win goal. Just concentrate on keeping your losses down and let the profits work themselves out. I find that people expecting 3% a month aren't thinking about the probability of...

This is the problem I always had with the trade. Getting on isn't the problem, you either get your price or you don't do the trade. However, trying to get out is the tricky part especially when you have a profit and you want out. I ended up getting rid of the legs and just trading the...

Looking at their website they seem to be doing something very similar to Jeff Augen's work. Selling flys in the weekly option series assuming that price will move away (people word it in different ways but I am referring to being long the body of the fly). I think it has some merit, I ran a...

Unless you are using your shares of stock for voting purposes or you sit on the board, whether it is stocks or options you are buying something hoping to sell it at a better price plain and simple (or sell to buy later). I think the strategy you use will determine whether you are...

You sure do talk a lot about raping/ anal rapage/ etc. in your posts. Is everything ok?

This is spot on. When you trade a portfolio neg. gamma you end up becoming a contrarian and spend more energy convincing yourself why the market will turn around or it is "exhausted". The problem is that mindset works a lot of times in indices so you are rewarded for this belief. Then you...

Wait, didn't you say you were short 120 contracts at 195? Because if so, you are miscalculating your risk. Sorry for the editing the site is super slow. Each contract is worth 100 shares so if you were put the short calls for every one contract your account would now show short 100 shares...

But you wouldn't have been in the money on your short. As for commissions you could reduce it by a factor of 10 with SPX

Maybe there is a clause due to the settlement of SPY and you wouldn't be covered if it settled above 195 (no matter how slight the chance) and you were put the stock? I guess the question I would have is why not trade SPX? You could accomplish the same thing with 12 spreads and they are cash...

I wouldn't consider this a rant. I think he has a legitimate complaint. Please let us know what they say Monday.

Pull up that weekly 3-5yr chart, it will put it in perspective. This past week doesn't even show up as a retracement.

Seems to be a lot of articles lately about the death of volatility. Calm before the storm maybe?