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cdcaveman Yup! But have to stick with them until I can get my equity back above $10,000 the minimum for IB brokers. Plus I'm a bit leery right now of learning a new platform.

Okay! Added another trade. TLM Sept PUT 12/11 @.35 cents Just ran it through the debit spread calculator. Maximum gain is $100 Figure $20 for commissions. Can possibly make $45 net. Wish I had time to scroll through stocks, to find more candidates. But I've construction going on...

Well I closed the APPL trade with a small profit. Then I got screwed up with my QQQ trade. Being in the habit of doing 1 contract, I closed one contract for a profit. but then I remember doing it in Sept instead of August and for 5 contracts. When I checked it was so. So went back and...

I started getting some forum emails. About debit spreads. The point about having too many contracts is a valid one. However, the guy who got me interested in them does it differently. He is trading 50 debit spreads at a time. Usually out with 9 month options. I can see where...

Traderlux I think I goofed? In re-reading my order entries, it looks like, instead of doing a debit spread otm, and a credit spread otm. I ended up making two seperate debit spreads. Oooh well! I give up for today on this one. Got too many trades too follow now anyway. I had started...

Well I looked at the trade and when I tried entering a condor, the credit spread was closer to the price action and I didn't like that. I was trying to get the credit spread one strike away more, from the price action. Still learning how to do this order entry stuff. Anyway, I ended up with a...

Traderlux Thanks for chiming in! I'm not really following this? If I was to do a call debit spread right now with AAPL at 597, I would buy the 600/620, I theenk? You are saying you are going further out the money? To the 560/565. You kind of seem to be saying, and I...

Still learning how to trade debit spreads and figure it with timing the market in paper money. Not yet ready to jump into cash trade with them yet.

The debit spread premiums stay the same, no matter how many months out you go. I was pricing the premiums on debit spreads, which I'm experimenting with and learning in TOS paper money. I found something interesting. The premium you debit is the same, whether you use 1st, 2nd, or 3rd...

July 23 Got some big market movers the rest of this week. Wonder which way the market will go.

Thanks for the inputs this Saturday morning. Put 5 debit spreads on, different stocks. It wasn't the way I planned, but seems to be evolving that way. Reminds me of the guy who said he was doing alright trading OTM debit spreads on stocks. I seem to be defaulting by accident to his system...

Well Thursday before the close. Have to admit I was not on the computer much this week, and just reviewing, two of my debit spreads were beyond their sold prices. Think the QQQ was at 65 strike and the WMB was at 31 strike. Should have been closed at 30 strike WMB and 64 strike for the QQQ...

Both you guys, the nice one and the rude one. Thanks for the comeback. I had more or less just figured that out as well. My trouble was, I came back from vacation, sick as a dog and not feeling too well. Got diagnosed with a tumor on a lymph gland node. Lot of pain. But wanted to put on...

Just read your link TRADERLUX. Thankyou for the link. Some new factors I absorbed. I guess I was trying to fathom, at what point would I close the position, if the stock price approached the short sold side of a debit spread, which I'm learning and practicing with right now. I was trying to...

Thanks Traderlux. I do really appreciate people with a positive mind set, instead of this harass, insult and negative stuff. Warped minds I guess? At any rate, got you marked as a very nice guy, the kind of guy I WANT to associate with. Much obliged. I had in the back of my mind...

Of course! I'm a novice. Lots and lots of questions novices don't even know enough to ask the right question many times.

ATTICUS I do have a question? One of my three debit spreads, WMB 29/30 went above the 30 strike briefly today. The question in my mind,would be would that have triggered ASSIGNMENT the stock? I'm not clear on that point, and the web based TOS paper trading probably would not show...

I have no idea. I'm a novice technical trader, losing money. My trades just finished putting on. wmb 29/30 at .66 cents - stock at 29.70 aapl 630/635 at .34 cents - stock at 606.37 qqq 63/64 at .47 cents - index at 63.04 ___________________________________ This is...

While my thread might be titled trading long straddles. For now, I shall be concentrating on weekly VERTICAL DEBIT SPREADS. Got back from my mountain holidays. Forgot just how cold high mountains can be, whether in Canada, or on the Equator. Brrrrrhhhh! Enough of that for sure...

I got the following two tricks, from the LAZY TRADER website. Haven't tried them yet, but since I'm playing with learning the Debit Spread and so the HALF CONDOR. I thought this was interesting and will give it a try this coming week. Instead of using a CONDOR, you make the DEBIT SPREAD...