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Yes, it matters big time. An option with a spread of that percentage is garbage. Don't bother to trade it; noone else is, otherwise it wouldn't have spreads like that. I have gotten fills on options like the one above, and yes, generally you will get filled at the midpoint if it correlates...

+135% YTD, had shitty first half, + 235% since August 5th.

I know you're looking for a hedging/technical type of answer, but, you're missing the forest through the trees...there is nothing wrong with front month options, if you are confident in how the security will move. I would hope you are, since you bought into the damn thing, but I know there are...

Alright, I understand now, thanks Spindr0. Wilt

Why is it that this leads to a net debit? It seems that I should hold 2.5 worth of FDX long calls. It makes sense to me now that if I sell something (essentially short) when I expect that it will rise in value, that will always be a negative on the position, period. So, if I sell a put, which...

Thanks for the replies. I'm trying to marinate on these moving relationships based on what you guys told me. I think a graph of how the position as whole moves incorporating the 3 options would be great, any software you know that will do that? For me, let's assume that I have no fear of...

I'm watching Options Action on CNBC. I see a call spread on FDX. They're talking about buying an APR 95 call for 5.4 and selling the 105 put @ 1.9. This takes the trade cost to 3.5, thus profitable at 98.5 versus 100.4. He also sells an 85 P for 3.15, taking the cost down to .35. So it...

No.

You need to backtest your strategy until you feel virtually certain that it will work. When you get there, just obey it. It has proven itself, you haven't. If you get to that point, you will know you have something of value, and won't have any rational reason to fear trading anymore. You...

EconomicZero, It appears to me that you are full of shit. You are probing us for information on the military. If you go in with the attitude that you have, you will get your ass whooped; plain and simple. You won't make it. Marine corp. boot is too hard for the non-committed. Given your...

EconomicZero, I hope that you fully investigated your military options before joining. The Coast Guard is a great organization without the political bias consideration you may have for the warfighting branches of the military. They interdict drugs, illegal aliens, rescue people, and protect...

Good detective work Gaj.

Yes, you can trade and have a full time job. I do not think you can daytrade and have a full time job though. You need to be smart enough to create strategies that work with your situation. I don't think that requires 10,000 hours, I think it requires intelligent adaptability. That is often...

$15

Ahahaha. That's was worth watching.

Clinton was a fratboy. He happened to be in office when there was a technological revolution; the internet. He does not deserve the credit for economic performance that occured during his presidency. Had the internet not changed the world, your point would be valid. Now don't retort with...

Austinp I have worked in the oil industry and with government regulators of it. I can tell you that prior to Exxon Valdez, the industry was much more cavalier. After that, we got great legislation (OPA 90) and they got their act together. I don't know the technology of MODU's (Mobile...

Don't do it until you have a year's worth of expenses and 15K; 5K of which you should use to trade with. You may do well initially or after a while, but I think the liklihood of having it all go away at some point is high. That doesn't mean you won't make it, but have some extra sets of seed...

Neke, Do you even read these boards after you post your results. We all pretty much say the same thing after every loss as I'm sure you know. Although, you are getting less "the sky is falling" posts now. Do you just say eff it, stuff happens when you have big losses, or do you just suck...

Neke, you erred humanly. Very simple to fix, stick to the script. You will eventually. I suggest you backtest what you would have if you hadn't taken the outsized risks that turned into losers. If you calculate that, I'm sure you'll determine it's a net detriment. Run an experiment next...