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i'm a premium buyer, but even i believe these mer puts (and calls) are overvalued... i remember the thread "writing options for a living" that went on and on and got thousands of replies and views. surely, there's at least 1 premium seller out there that wants to take a stab at making some...

on sept 3, i bought oct 08 mer 15 puts for .18 when mer was at ~ 27/share. pure gamble play, just thought i'd sell if any bad news come out. didn't do many of them, i figure since it's a gamble-play, buy 5 for about $100 and maybe sell IF it doubles or triples. then, sh*t started hitting...

maybe i got lost somewhere, but both scenarios are bad for the longs. in the rally case, if shares are created out of thin air, then there's more supply hindering a rally that might have gone to 500, 600 or more. do you mean shares are destroyed/hidden during a rally?

you summed up the whole country by saying all it's got to offer is "the malls"??? where do you live now? have u ever been to boracay, bohol, palawan, cebu, tagaytay, subic, laguna etc. resorts? have you ever experienced interacting with the not-so-rich folks of the philippines? i'm talking...

but i have so much more :D anyway, you're right that i'm going way off-topic. i just wanted to show that many times it looks greener on the other side, eventhough it's not. i really like the philippines, and if i wasn't with my gf, i'd probably be living there trying to make it with small...

Hello Everyone: it is so late (2:30AM Monday in LA) here where i'm at but i've been meaning to post my random thoughts for a couple of days now since i found this thread, but it's been a busy weekend, so... i'll just post a quickie and will post more, but only if this is not going to turn...

mini-update 11/10/2005: closed the put-position on BBI BBI Nov 5 puts (bbiwa) - 20 puts @ .95/each profit of $100 before comm. after comm, probably enough to go to a non-fancy dinner. not complaining. saw this position go to the toilets and back. at one point, b x a was .15 x...

May God Bless You, too, Rob. i'm just gonna be on the sidelines for now... like everyone else, i'm thinking this is the bottom and there's very little risk in going long (buying calls on spy or any of the market-correlated big movers out there). i see the "indicators" that i watch and...

very nice to hear you made good money on your play with SWN! i'm taking a break right now that may last until next year. it seems everything i did the past 3 weeks have been the wrong. i had some bad picks, but even worse, i did the wrong things at the wrong time. i don't wanna list them...

mini-update 10/6/2005: closed the call-position on SPY stoploss hit. loss of $1400. will let the other position (BBI-put position) run its course until the end of the month and that'll be it for the rest of the year. peace.

congrats! i started this thread but decided to start another thread on the journals forum for posting actual positions. i know it has nothing to do with it, but i'm running cold, big time. maybe i should have just continued posting here :D . took some big losses the past few weeks. last...

mini-update 10/4/2005: position is currently showing a loss of $600 Because of time-decay and lower IV (about 1.5%), the stop-loss has been moved up to around 119.5 on the underlying (SPY). the $1200 stop-loss is not the amount of loss that will be taken, but the amount of risk-capital...

i guess that's what makes a market... buyers and sellers. did you actually sell those calls? i wouldn't... it seems we're closer to support than resistance. i also have a few other stuff i'm looking at, altho, i was wrong on one of them. the commercial traders increased their net...

mini-update 9/26/2005: opened a call-position SPY SPY Nov 123 calls (spyks) - 15 calls @ 1.75/ea. risk-capital $2625 stoploss of around $1200 (around 118.5 on the spy/underlying) so i only semi-violate my "plan to stop trading for the year" i will cut the losses at the point where i...

i'm not saying it's impossible, but i just haven't heard of incidents involving compromised accounts because they used a public wifi hotspot... i'm one of those people who use wifi hotspots to access my online accounts. i've used it at the airport, in the philippines (coffee shops), and...

many things you said were discussed in "the disciplened trader" by mark douglas (re: self-sabotage). in addition, mark douglas has also discussed the "forced awareness" issue, something you alluded to when you mentioned free nations and free markets. most people fail in the markets because...

Many thanks for sharing, Jacques. Best wishes to you and your trading, as well. Your last post also cleared-up some things on my end. i was also confused as to how you couldn't see a $1k position in options can turn into $22k. if i had simply left the original 7 sept cme 260 calls and...

i'm not sure about this post... this seems very much like an insult, but you did manage to put that "thanks" at the end :D the account is now down to 18.5k because i decided to close all positions yesterday instead of today. i took a 3.3k loss for the week, which at this time could have...

i agree with you. this is a put-it-on-and-leave-it position for me. i was gonna wait for a bounce to $6, but i just threw out a bid for .90 when the quote was .85 x 1.00. someone hit my bid after 7 minutes. was gonna take it out if the market starts going up (like it has done in the past 1...

mini-update 9/23/2005: opened a put-position on BBI BBI Nov 5 puts (bbiva) - 20 puts @ .90/each. risk-capital $1800 possibly the last position for the year, hence no more updates until position is closed-out. peace.