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Almost immediately, however I've found this is continuous learning. The moment I let up, bang, there goes another loss. Every night after dinner, I spend 2, sometimes 3 hours doing research and planning for the next day or so. I should add, social events come up from time to time, like this...

If you know for certain the stock is going south, you can buy a long put without fear of the vol crush. Depending on how much, and the speed on the descent, the vol may actually increase.

Where's the vol?

If you live near the Canadian border, you can relocate and play on the TMX. Your $10,000. U.S. is worth $12,920.50 CDN. I know it's not the CBOE, but there is liquidity, here and there, enough to earn a living. There's about 80 underliers that are transposed with the States. Good Luck

I've probably have read about 20 books in the past 10 years and found it helped to give me a solid base for trading (completely self taught). There doesn't seem to be one in particular that has the proverbial secret sauce. Parts of each one on its own merits have contributed. I usually turn to...

From your menu, I'd pick 2 x 27 side by side. I personally use 3 x 20 side by side, no neck strain

With the amount of money you have, I'd be trading long straddles 1 or 2 days into earnings, and exit when the announcement is out. This way you can control your losses. Profits will come, just concentrate on managing your losses. If you're serious, make sure you understand implied volatility...

I'll use CNR.TO, earnings release date is Monday, Jul 20, after the bell. If you're ok with the iv and vega, then buy an equal number of puts and calls at the same strike price (make sure the bid/ask is tight and heavily traded). If you have to leg in, follow the trend. Add your premiums...

You can always try a front month long straddle or if you're tight on money, a long strangle if you think you know what week this jump is going to happen. Check your historical vol's and buy low, and watch the theta, or it will devour you quickly. I changed over from directional trading to ER...

If you bought a DITM call, 9 months out, I would just ride that and each time an earnings came around, the day before, buy, in that earnings month, a cheap OTM put to protect what you have. If the underlyer heads south, say on an earnings miss, your put heads north very quickly, including...

The best I've found for iv and hv, so you can do comparisons any which way is "The Options Industry Council" http://www.optionseducation.org/tools/historical_implied_volatility.html

Hi, I’m in my 3rd year of trading options, and have had reasonable success, however I keep coming back to this thing about options being non-directional. My experience is telling me that in fact they are. Let me give an example. Suppose it’s ER day and your stock is at $30, and you have an OTM...

Hi George, How about Brampton, Canada? I'm an option swing trader, and have been full time for just under 3 years, 7 years previous as a hard core (Ben Graham follower) value investor. I only work off the TMX, with the Can$ so low. Has your original post met expectations beyond this forum? Jones75

Hi, I don't see any green button at the top right, or anywhere for that matter, that says "start a new thread" Please comment.

investopedia.com and make sure you understand implied volatility. This way you'll save yourself a lot of money. I'm in my third year, and though I did well, (looking back, very lucky) I didn't start to make confident money until I paid attention to implied volatility. Play defense "buy low...

Jim, If you find a broker that charts the "lowest implied /historical volatility" for the TMX as IB does for the U.S. markets, please let me know. O, btw I use Action Direct for trades only, most of my research / analysis is done elsewhere. Their menu is easy to read, however very basic. cheers!

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