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Cache Landing That was an excellent scholarly treatise in Credit Spread Verticals 101. Congratulations! I even understood it, "sort of" - grin! Hmnnn! I'm going to print that out and cogitate overnight on it. In my REM sleep. I get fundamentally what you are saying though. I...

Stanford The hostel was closed last year. I'm getting too old to run it. We use the place as a very big house now. Got it for sale though. Building a new duplex a block away on a ridge with a good view. My youngest daughter has one on Caye Caulker, ( a barrier reef island ) called...

The mysterious TIME SPREAD of Trading Journal I got a feeling there is a twist, or trick coming here? What it is I don't know? Sort of like waiting for Xmas presents on Christmas morning. *************** While it might seem you guys are wasting your time...

Cache Landing Boy that is a tongue and mind twister! I am trying to picture this, but having difficulty. ******************************* I'm not at all clear in what you are saying about losing the edge when you have lower IV vs Delta? In what way? How can the EDGE be...

Just like Janet Reno said after Hurricane Andrew hit Miami. After 5 days waiting for the FEDS and NEMO to do something. People were desperate, couple of million of them in destroyed houses and water was the biggest problem. Reno said in her on-the-air speech, that the Miami government was...

Now that is interesting. The 5 min. chart is showing a bottom, based on the D- line crossing over the ADX. Which doesn't mean diddly squat in such short time frames. The 15 min. chart D- is still paralleling the ADX and has not yet crossed over. Haven't even got to the hourly...

Wow! "To be clear, I'm not adamant about buying e-minis. I'm just saying that with such low vols, you are actually making a directional bet in addition to the lower vol bet. Edge is highly negative here on the low vol side of it, so you might as well just make the directional bet." You...

Lovely slide and open, with prices going to the downside. My listserve was forecasting this based on European and Asian futures. My SHORT STRADDLE interesting to see, if I had to buy it back is $12.65. I got a credit for $8.30 so my net loss before commissions is -$435 this morning. We...

80% a year trading options! If your annual account balance is not over 40% in trading options, then obviously you are doing something wrong? On many option trades you make 40% on one trade. The problem with that is you do not know you will beforehand, or you could bet all your savings...

atticus What is buying a fly? Trading Journals At least you have your problem figured out, which is pyschological. *********************** "The rule I have in my mind is: 80% of the move happens in 20% of the time. "...

Jerkstore There are a couple of Market Profile systems, I have ran across a long time ago. The one I use is simply the open, high, low, close. Does not cover volume at all. It simply tells you if the market is going to go in which direction the next day, or if the market is undecided...

"You are right in that the bear call vertical benefits from vol drops on a positive print, but only when vols are >30 is that benefit going to outweigh the delta loss." Been re-reading the debate. Excellent when you get two experienced money making professionals on here. The above comment...

CACHE LANDING makes a good point! The point was, that if you are a good enough chart reader to predict or anticipate underlying moves ( in my case, the OEX ,) to avoid a slide that will hit your VERTICAL CREDIT SPREAD, you are a good enough chart reader to make MORE money in the E MINI"s...

Trading Journal I did catch the mistake on the zeros and it should have read $830 credit on the SHORT STRADDLE. Trouble is you can't go back and edit these messages, I don't think? But following messages did say the right numbers. I wondered if anybody would have caught the error? ( grin! )

Wow! Picked up a point or two, between the two professionals CACHE LANDING and TRADING JOURNAL debate Particularly the part about volume is dropping when the VIX is dropping. The part about the delta and VIX at 30 left me stumped though? I liked the floor at VIX 12. I have noticed it...

To: Trading Journal Tuesday morning of my expiration week, the STRADDLE or rather the index gapped down. Bit over 6 points, or lost for me $3.20. The STRADDLE is still earning money though as it was for $8.30 Your model must be GOOD! Since you forecasted the drop before it...

Trading Journal Okay it's 3:15 a.m in the wee hours of the morning. Do my best work at this time. Think I got the short straddle now, at least in the OEX INDEX and trading the weeklies. You put the straddle on a Monday. Wait until Thursday and Friday and buy back the...

Trading Journal This short straddle credit spread I'm holding. Dull Monday and great for it I presume? I notice the legs have been up and down .20 cents, or so during the day. I should have an $830 credit? Okay in a regular one strike apart credit spread, the goal is to let them...

Jerkstore What you write about, I have as bar patterns. Back before computer trading, there was a method called MARKET PROFILE. I write and print up these little booklets and keep them around in my reference library. Market Profile is one system I constantly use. Actually, I no...

Stanford That is the name of the game. Stay far out, play safe, don't take trades that violate your risk parameters by being too close in. PASS if you are not SAFE within your rules. Run probabilities of swings and regression to the mean lines. If you do it right, you are NEVER going...