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    Question about next weeks Exp. date.

    3: You can also roll them to the next month, at 1190 What I have meant is buy to close March 1155s and sell to open April 1190s. This does not fix your problem if the market goes against you. Again my overall opinion on your strategy is that I would not trade like that (Naked Strangle might be...
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    Question about next weeks Exp. date.

    The options on futures settle in cash, at the current future contract which in your case is March. If I was in your place I would consider three things: 1: I would buy back those calls 2: Buy back 1155s and then sell 1175s calls 3: You can also roll them to the next month, at 1190 My...
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    US Foreclosures drop…Not really

    Foreclosures are by far one of the biggest threats to the U.S. housing market, which remains highly vulnerable to setbacks and heavily reliant on government intervention. If foreclosures keep dropping, it will be one of the strongest signals yet the market is on the path to recovery...
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    Senate to pass unemployment benefits up to 99 weeks

    The bill would provide unemployment benefits of up to 99 weeks in many states for people mired in joblessness as the economy slowly recovers from the worst recession in decades. The measure easily cleared a procedural hurdle Tuesday by a 66-34 vote, with eight Republicans voting with Democrats...
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    What about Spain's unemployment of 18.1%

    According to the current study the current unemployment rate for Spain is around 18.1% and youth unemployment at about 40% (16-24years of age)On the other hand Greece's unemployment rate is at 10.6% and the youth unemployment rate of 27.8% (16-24years of age) I guess the question is what...
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    Is unemployment of 9.7% a correct number?

    In October of 2009 we had peaked at 10.2%, since then we have lost additional 153,000 jobs. Now the February unemployment is at 9.7%. There has been a rumor around Wall Street that the real unemployment number is around 16.8% (I don’t is it a rumor or the fact), and I know at the end of last...
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    Bull Put spreads

    How many points apart between the selling and the buying leg? And how much time untill expiration?
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    Selling covered calls on low cost basis stocks

    I agree with crgarcia, don't do covered calls (it is a loser's game)
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    Reverse Call or Put Calendar Spreads--Who uses this strategy?

    Right as always. Find a circumstance and I can find you half a dozen option strategies, that doesn’t mean that all six are equally good for that type of market.
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    Selling covered calls on low cost basis stocks

    I am not sure what exactly are you saying. To adjust the naked call you can do three things: you can simply buy it back (buy to close) 2: move it up in price by closing the current contract and opening the higher priced call contract (sell to open) and 3rd: you can always roll the current...
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    Taking 410K to 4million by Year End 2010

    Don’t worry my biggest drawdown was $125K I know what you are going through I have created a simple money management strategy and the percentages could be different for other people. It simply goes: when I lose X (2%) I stop trading for a week, when I lose Y (6%) I stop trading for a month...
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    Reverse Call or Put Calendar Spreads--Who uses this strategy?

    There are some good option strategies, but this is not one of them. (I will fix the spelling next time)
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    Reverse Call or Put Calendar Spreads--Who uses this strategy?

    Thank you for saying the same think
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    Reverse Call or Put Calendar Spreads--Who uses this strategy?

    Reverse call calendar spread – I guess what you are saying: instead of selling the front month you will be buying the front month? And instead of buying the back month you will be selling the back month. So what do we have? A credit call calendar spread… If volatility increases you have...
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    Covered Calls?

    I have traded covered calls many times in the past and I think it is not a very good strategy for somebody to do. Simply for the reason because most of the time you end up losing your good stocks (getting called away ) and keeping the crappie stocks which are not getting called away they just go...
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    Average daily profit with $50K account?

    With a $50K in cash I don’t think your biggest worry is not how much money you’re going to make, your biggest worry should be how much money you could potentially lose. Below are some basic rules on money management. I hope I have helped you, let me know if you need anything else. Money...
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    £153 to £5000 Micro Forex

    The GBP/USD pairing is known by traders as Cable, which has its origins from the time when a communications cable under the Atlantic Ocean synchronized the GBP/USD quote between the London and New York markets
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    Max loss for sold naked calls

    Before selling anything naked you must have years of experience in trading options and you must understand all the Greeks especially volatility. If I was in your position I would read bunch of books on selling options and maybe even take some classes, and then maybe sell some calls. Below is a...
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    I'l keep losing unless I learn technical analysis

    Going to the library is a very good idea to get books for free. Also as you are getting books on technical analysis make sure that you pick up a book on risk money management
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    Expiration week trades, let's hear 'em

    Selling calls it's a good idea. How about strangles? Delta negative? (On SPY) (-Be careful my friend)
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