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I did credit spreads at or 6 STRIKES OTM. You can compound the available capital and increase your take. Double your account money in about 5 months. the occasional Iron Condors boost your take. The problem is a BLACK SWAN EVENT. Quick market drop. Volatility and premiums go...

As to candidates for Selling. No I don't need them right at this minute. I'm working on using the CONDOR, or the Vertical Debit spread. That study was really educational for me. Especially the tidbits, or tricks that people put in. Presuming all goes well, the condor, or debit spread, and...

Well the only question in my mind is the averaging, on the losing side. The accumulation of long options as you average. I've read up this morning a bit about it. People are all over the place as far as opinions. The difficulty is in pin pointing the high, or low of the monthly bar...

CAN AVERAGING DOWN USING THE MONTHLY BAR CHART, WORK AS A VIABLE PROFITABLE TRADING STRATEGY USING OPTIONS? I'm trying it, but curious what others might think?

We are friends Atticus. At least I look at it that way. No problema! You are not offending me. If you really want order details, could do it by private email. I'm just summing up the results of the orders outstanding on here. There is only one or two fine details of entry, or exit I...

1) NOW HOLDING 3 QQQ 60 PUTS from an earlier Long Straddle at a Breakeven at $2.02. Including 2 PUTS used as adjustments. I plan to add more, if given the opportunity by market movement. 2) HOLDING 1 QQQ PUT September -62- at $3.22 Breakeven. Remains of Sept. -62- 1/2 Long straddle 3)...

Hahhh! Hahhhh! Gotcha. Will have to look that word up.:D :D Added a long straddle 1 64 Long Straddle, at $5.14, or $2.57 each for put, or call. _________________________________ I have a feeling we are approaching the top of the monthly bar. Around strike 65, or 66 in...

SOLD 1 August 62 Call from Long Straddle, for .80 cents, leaving + $70 net profit, after subtracting .10 cents for round turn commission. _____________________________________ 1) NOW HOLDING 3 QQQ 60 PUTS from an earlier Long Straddle at a Breakeven at $2.02. Including 2 PUTS...

Webicknell NOVICE ROLLCALL Okay on the credit spreads. When they work they work well. EXITING when they work bad is the problem. ___________________________________ I added 1- 63 Sept CALL at $3.09 Sort of to hedge against my old straddle holdovers, 3 contracts at...

diaoptions - cute! I thought I would have got more feedback, good or bad, mostly expected bad, but your reply was perfect. Here is one for you this Tuesday morning early. Whats the difference between a NOVICE, amateur, or professional option trader? I was thinking a novice is...

The sun is setting and I'm back at my computer. Monday evening. Didn't have time this morning, but did want to discuss the condor Apol with ATTICUS. ____________________________________ APOL CONDOR CALLS buy 35 @ .13 sell 34 @ .24 gives a credit of + .11 cents...

Re the question on 3 or 4 month out Long Straddles. I believe you mentioned they can be slow movers. I KNOW they are most of the time. I estimate holding the parts of a LONG STRADDLE for as long as 5 weeks, to close off just the one trade. The losing side is the one takes the long...

oKAAY! I trust ATTICUS advice, so if he says no it is no! On the 15 cents query. I'm a stupid novice trying to learn this stuff. I don't even know enough to ask a proper question yet. Trial and Error. Well , my choices of WAG LEN, MON, got knocked out of the ratings. No weekly...

Well I was running the CONDOR preliminaries. QQQ 64, 6, 62, 61 APOL 35, 34, 33, 32 WAG 33, 32, 31, 30 LEN 27, 26, 25, 24 MON 80, 79, 78, 77 rmx.to 3.50, 3.25, 3.00, 2.75 These might not be the right strikes. Haven't looked at the option chain yet. Market hasn't...

Tsk Tsk "why would you discard a credit less than 15 cents? That depends entirely on context, the underlyer and the multiplier. Also, usually the less premium you take in the less risk there is of your option being hit..." You got me there. I don't know! I was just refreshing my...

Monday morning, bright and early. The jungle birds around the trees in this house, like to wake up and start chatting around 4:30 a.m. By 5 a.m. it is impossible to sleep for the ruckus. Some of them are very very loud. I've picked out my CONDOR picks: APOL, WAG, LEN, MON, RMX.TO and...

I think I got the initials wrong. I believe it is A J Brown. He sells a course. The original claim he made was some years ago, but cannot find that website again. Must have deleted it? Sorry about that.

The motherboard was in-country, in a different small town district capital. Phoning around found it. Getting it delivered and paying for it were the complications. Nothing in computer parts available were in our local twin towns district capital. ( about 30,000 people ) For example...

Traderlux Since you understand the A.J. Brown long straddle. The one where one side runs, and the other side is a vertical as insurance. Please explain it to me. In the process you will learn it stronger and I will get an idea of what is involved from your viewpoint. Appreciate it...

Well I ordered one. Being international, it will take a few weeks, or months, to get here if it ever does. Not much luck with ordering books by international mail. Did pretty well with my desktop the other week. Only took me ten days to get a mother board and power supply, to replace...