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Random question, with all else being equal.. If I'm going to go long a call on a breakout trade, should I be looking at calls OTM with say a delta of 30-40 or an ITM with a delta of 60-70? What is considered to be a large gamma and how would this affect my decision?

Thank you appreciate it.

Thank you for this, I'm going to have to look at it some more. Would looking at the delta be an accurate measurement? Say the delta is 25 and I'm risking a dollar move, can I say that if the underlying went against me $1, then my options will lose roughly .25c?

If I'm thinking that ABC is going to breakout above $100, and if I would be trading the stock, my stop would be $99. If however I decided to buy $105 calls (once its broken out), but again using the $99 price level as my out for the calls. Can I somehow judge about what my calls will be trading...

Anyone have the numberlines for Cotton? Chart looks like it could be breaking down

I agree, Mav has some great posts throughout this thread. As I read through it all I copy and pasted a lot of what he said, I would def suggest that to anyone who is just starting to use ACD.

Wow

Thanks for the advice.. I've had mild success with equities, just wanted to learn more about the futures market

Thanks, I know its listed mostly on brokers websites. I was just hoping for more clarity. Such as how each contract is listed, as far as which month equals which letter, when each contracts expiration is ect..

I ordered it used for pretty cheap, I will post here what I think of it. Thanks again

I ordered this book on your suggestion, thanks

Thank you for this

Thanks, not a bad idea. I'm not looking to intraday trade them (swing), and I just wanted some information on the basics of the actual contracts. I probably have an old CFA book laying around.

Thanks, yeah I've seen most of them, I will take another look

Thanks for the reply, extremely helpful didn't know such thing existed! Can I use this for other stuff too? What if I googled the term prick, would your name show up as a good result?

Nice try dipshit you have only posted this a few times..

Is there a good resource to learn more about trading futures? Where does one start to research the different markets? Not strategies, but more the nuts and bolts on how they trade. When contracts expire; how to roll them over; what the 'front month' contract is and when does it start trading...

I thought you were short the market?

NFLX weekly A up on the second trading day pretty impressive. My numberline is a little weak and the monthly levels kind of seem messy though

I hope Mav doesn't mind me reposting this, I found it burried in this thread and I think its a great nugget.. "If you have a longer term number line at plus 18 and the 5 day at minus 3, I would not want to be long because what the 5 day is telling me is price is going lower, not higher. I...