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The first two charts are TOTALLY USELESS, 25 and 10 years?

He was obviously referring to the weekly AAPL options, which expired on August 13: AAPL100813P00250000

An image from the ForexSpectrum site: I don't think Brandon's name has been hijacked, the ForexSpectrum site is probably his. He was always pushing crap on ET and his illness was probably a scam, even though those videos of him in the hospital seemed very authentic.

You have posted the outcome of such a trade here : http://www.elitetrader.com/vb/showthread.php?s=&threadid=204791 Just read your original post, and read your quote above. If you put the two together you will know that this isn't a "massively successful technique". 85% successful trades...

How about you educating us about this massively successful technique? -----

Yahoo quotes and jotting down trades is good enough. http://finance.yahoo.com/q/op?s=QQQQ+Options -------

http://finance.yahoo.com/q/os?s=USO&m=2010-08-20 Which options packed the most punch? Deep ITM Deep OTM ATM One Strike OTM

One strike OTM or ATM.

Buying QQQQ calls or puts. -----

Buy QQQQ options. This is my trade for next week. Monday or Tuesday: Buy 10 contracts ATM QQQQ Calls, expiry 08:21:2010 Next Day: Double up if position falls in value. Thursday: Close entire position. Following week will be new trade, depending on the previous week.

Read the thread.

WRONG

Did you read his post in the link I provided? He explains everything. Keep in mind that the options ended up $0.30 ITM - value of option $0.30 - how much did he pay for them? A lot more than $0.30. And the $10,000 loss was in ADDITION to what he paid for the options. -----

Go with the QQQQ weekly options, they are dirt cheap and pack alot of punch.

Very low volume on QQQQ today, and it looks like $47.00 is resistance. My guess is that QQQQ slides back down to $43.00 during August, and the QQQQ puts will pay off big. -----

Was the transaction at the buy or sell price?

The ONLY option you have is to buy QQQQ options that expire within days, such as the weekly options. ATM's go for about $.30, these double very easily. Take a look at the results below after only 5 trades. start ...... $3,000 1st ........ $6,000 2nd ....... $12,000 3rd ........$24,000...

I don't see anything unusual, HPQ and the Nasdaq for the last 5 days: http://finance.yahoo.com/echarts?s=HPQ+Interactive#chart1:symbol=hpq;range=5d;compare=^ixic;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

It's all a Moot Point. Your credit spread should have been closed before you end up with ITM options. ------

Maximum risk is the difference between the strikes MINUS credit received. For GOOG that could be $1000.00 - $200.00 = $800.00. My guess is that your broker would never allow the long leg of your position to be closed before the short position. If one of the legs is approaching ITM then...