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Trading Journal Thinking over the SHORT STRANGLE a bit. I like the idea of a Thursday trade. Had been thinking along the same lines. The only thing frightening would be a Friday morning big move. Which then raises the question, instead of having the SHORT STRANGLE out one strike each...

Trading Journal "At expiry time minus second/small time, the gamma will fall from the skies to zero! At that moment, the time values in both the call and put will disappear, and the strangle becomes worthless, since both puts and calls expire if OEX ends between the two strikes. You have...

This week is over looks like? 20 mins left, not much going to change. Made a net of +$1275 this week, if I include the scrap paper trade of a straddle, that earned $95. Good week! Gained confidence with my Vertical Credit Spread methodology and also know now how to trade the SHORT...

CACHE LANDING If you have the time? I have got /ES or E Mini, which is options on the E Mini Futures apparently? I'm trying to interpret what I'm seeing on TOS for prices Looking at September which is ESUO. Do you recommend trading the straight futures, or the options on...

Short Straddle results are fine this morning. My ISP was off this morning and didn't get into the web until an hour after the market opened. The account two credit verticals I didn't worry about. Good cushion on them. I believe that is money in the bank +$1180 NET profit. The learning...

Stanford and Trade Journal Well I'm into the two Vertical Bear Call Spreads. Step laddering as the market dropped with horizontal resistance lines. If I get through tomorrow until expiration, should be good for $1180 into my account, to dig back out of the hole. The overnight SHORT...

Trading Journal Put on another Vertical Call Bear Spread at 500/505 and after a half hour and cancelling the first order at .25 cents, and placed another order and set it at a limit of .17 cents. Finally filled at .20 cents on a gyration of the market. So I'm in with my account for...

Wow! That 500 strike Straddle tanked badly. A lesson there, not sure what it is? ( Thursday morning )

Looks like the OEX 500 strike is the new overhead resistance line? I just might put on another Vertical Call Bear spread at 500/505 and follow this market down. Going to wait an hour as expiration is high today and the next correction is around noon. See what happens in the next hour. Looks...

I expected a drop this morning and got it. Didn't get filled at the OeX 510 strike yesterday for .10 cents, so bought shortly after the OPEN, this Thursday morning, the Vertical Bear Call Spread at OEX 505 for .10 cents, 50 contracts. Got filled. So we shall see what today and tomorrow brings...

lOOKS like we will end the day with an INSIDE BAR DAY to the upside? The movement does not look strong at all.

I'll give it one more hour, then I'll put on my Vertical Credit Spread in my account. If I can get two strikes out. If not, c'est la vie! Certainly the market is futzing around. May be because people are still on holidays? Will also do a memo paper SHORT STRADDLE, not at all sure I...

Trading Journal Lordy with so much knowledge, you must be RICH!!! ( grin ) I liked the comment on the ATM and the OTM has ZERO intrinsic value. Nice bit to remember that one. Sort of one of those quickie nuggets of gold to remember. I also liked the idea that options are priced...

SHORT STRADDLE profits. Maybe I'm going about this wrong? Seems like? Looking at my work sheet, instead of looking at the IV's you had mentioned. I should be looking at premiums?

Trading Journal I have been looking for premium ballooning and so far I cannot find it in the IV or the GREEKS. I'm guessing it would only show in the premiums? Maybe I will concentrate on that. Do you have a method to tell when the premiums are overvalued, or when they collapse?

Stanford I clicked OK on your private message 5 mins ago. Nothing happened? It didn't show up anyplace?

Sorry my columns didn't come out on the forum. They lost their identity ,or column cohesion when posted. Let me try it in another way? Work Sheet: STRIKE OEX for SHORT STRADDLE ACTUAL OEX value at moment now. Under CALLS I have a column for bid and ask Under Puts I have a column...

Trading Journal Okay to your question I did not clarify enough. I have a work sheet, not much of a one on scrap paper. I have columns: OEX STRIKE (ACTUAL OEX) CALLS PUTS bid and ask bid and ask...

Stanford Whoops! I saw that private email but in another format I was not familiar with and in advertantly deleted it. Try again please! Trading Journal My heads spinning at 5:45 a.m. Wednesday, after a couple of hours scrolling through straddle lore on the internet. I've lost...

I was following the OEX 495 Strike, but as the index reaches 499 and nearly to OeX 500 strike, the Implied Volatility numbers reversed. The CALLS now have more IV than the PUTS slightly. I was wondering if this is just because it moved UP about a STRIKE, or 5 points, or if something more...