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That's funny. The idea I guess is they are claiming if they charge that much it must be good! Notice also that the $200,000 seminar is "RC 8", whereas "RC 10", which is apparently more advanced is "Negotiable" or probably even more! JJacksET4

user83248324, I'll try to answer the questions the best that I can. There are a few others here who might have better answers for some of the questions. JJacksET4

TraderZones, I'll probably be criticized for agreeing with you, but I do on most points. Your best points are: 1) Find and send home all illegals..... 8) Cut off international aid. Spend that $20+ billion aiding those in THIS country who are still destitute. 11) Why are we...

Update Market close Nov 28th: SKF close = 117.18 UYG close = 6.11 SKF 200 strike put Dec (Short) = 85.80/87.10 SKF 150 strike put Dec (Long) = 40.10/41.10 Worst case to rebuy = $4700 Price if split bid/ask = $4585 UYG 4 strike call Dec (Long) = 2.15/2.20 18 contracts owned Worst...

Cashmoney, don't take this the wrong way, but I'm glad you admited you're a newbie:) In the example you gave, believe it or not, you could lose 100% of your money! You say the 25 call expires in 3 days, and xyz hits 25 in 3 days - if it's just 25 at the end of the day, it is basically...

Hombre, What Mark says is right. This reminds me of the Baron's commercial on T.V. where it says something like "Market goes up...you make money....Market goes down....you make money" and my mom always thinks they must know some secret to making money when the market goes down. Of course...

Update Market close Nov 28th: SKF close = 174.65 UYG close = 4.34 SKF 200 strike put Dec (Short) = 47.40/48.90 SKF 150 strike put Dec (Long) = 15.10/16.70 Worst case to rebuy = $3380 Price if split bid/ask = $3225 UYG 4 strike call Dec (Long) = .85/.95 18 contracts owned Worst case...

kperrin, In the example of GLD you are using, this might not apply so much, but sometimes a certain month might be judged as "overpriced" because of an event such as an earnings release that is coming. So it is good to know the relative price of what you are buying and what you are selling...

kperrin, Yes you can do that, however, remember that delta neutral doesn't mean "can't lose". The delta of the position can start to change quickly with a price movement and losses can build up if that happens. I entered a simulated position into the Position Simulator at...

MTE, Yes, I agree with everything you said. It is really a question of how far out strike price wise does a person want to go and how much time do they want to risk the position for. Also, do they prefer to get a credit or a debit, or not care either way. This is an area where options give...

CPTrader, It still sounds to me like you need to consider a long butterfly for what you are asking for then. In your original post, you mention that you want the risk "done on a limited risk basis..risk limited to the initial debit." Long Iron Condors get a credit and then the risk is the...

Spin, That sounds like a good idea. I'd probably seriously consider it if I was in this trade for real. I also like the idea of possibly pushing up the number of calls to 20. Nothing wrong with locking in some money, yet ending up with more calls. I think for now I will just continue to...

CPTrader, It sounds to me like you are talking about a long butterfly spread. In a Long Butterfly, you sell 2 calls or puts at the same strike and buy a lower strike wing and a higher strike wing. If the stock remains in a fairly close range, you can profit by the middle strike (short...

Update Market close Nov 28th: SKF close = 135.05 UYG close = 6.30 SKF 200 strike put Dec (Short) = 71.10/72.80 SKF 150 strike put Dec (Long) = 28.90/29.60 Worst case to rebuy = $4390 Price if split bid/ask = $4270 UYG 4 strike call Dec (Long) = 2.40/2.45 18 contracts owned Worst...

I hadn't known that GM and Ford along with some others were added to the short sale ban. From what I can tell, it seems like the stocks went down more after the ban. I suppose there is no other way to simulate shorting the stock other then using options, which then negates the purpose in...

NoFear, One more quick thought. Suppose someone has a $500,000 account of say 20 different blue chip stocks. They want to hold for long term gains, however, they wouldn't mind some income from it to use for other purposes. Getting a dividend from some of the stocks monthly and others...

Nofear777, You mentioned that a stock price is lowered by the amount the dividend is paid. I think that's what the last poster was referring to. It is usually expected a stock will fall by the dividend amount, but of course market forces can make a stock go up or down much more then the...

By the way, wouldn't it be easy to do a reversal on GM using those prices and make money? Short 1000 shares = +4810 Sell (10) 5 strike puts = +$1800 Buy (10) 5 strike calls = -$840 Get $5770, but can only be worth $5000 against you at expiration. Am I missing something here as I often...

Hmm. Is TOS just slow or something? How can they show 250% on each. The calls are around 185% and puts at 350%, according to Optionsxpress. It's not just DEC ones either - every month the 5 strike put IV's are well above the call prices. I guess a ton of fear is priced in. JJacksET4

Update Market close Nov 26th: SKF close = 141.90 UYG close = 6.03 SKF 200 strike put Dec (Short) = 67.60/68.80 SKF 150 strike put Dec (Long) = 26.40/27.50 Worst case to rebuy = $4240 Price if split bid/ask = $4125 UYG 4 strike call Dec (Long) = 2.15/2.25 18 contracts owned Worst...