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read lotsa books about options, etc practice with play money do vanillas, not binaries

S4L, I think QCOM just made a nice break out. What do you think? Thx, Bry

I saw last price Jan 2015 220 SPY calls at .67, so could maybe buy 150 calls on a little lower limit price with $10,000. SPY at 240 would give about $2000 profit per option; $2000 times 150 is $300,000. But I don't know where you got the "30% is just 1.12% a month" idea.

"However, I am more of in the exploring mode in stock market, and i am not here to raise any controversy, or trying to gain short lived false credibility that you are hastily assuming, and get distracted from my main trading." Ha. I am hastily assuming. You can really read my mind, or...

finally looked at fundamentals, and this company is not profitable at all! i hope he sold or sells asap...also, modified head and shoulders says $4 up next, another 33% drop

If you want some credibility, post your live trades on FB, play money or real. Don't tell us afterwards that you shorted at the beginning of a big down day, but post live entry within a few minutes thereby giving honest credibility.

Good job.

Man, JB, you're so freakin' mean! Are you the guy who pulled a ten-pound bugger out of his nose, and, trying to eat it, his head collapsed?

Yeah, I am reading about the top, but weekly charts for QQQ and SPY look like runaway gaps so far.

What can go up a chimney up, up a chimney down, down a chimney down, but not down a chimney up?

NUS and HLF charts are total bulls long term. HLF looks pretty toppy on daily chart. Selling puts is one way to try to buy the stock shares at a cheaper price, so that could be actually bullish.

YOUR option/s will be deeply in the money (ITM), so the delta will be very high, close to 100%. That means you "should" get close to the full $50 per contract ($250,000). This is a very liquid contract. You need not worry about finding a buyer. It is not a penny stock. In worst case scenario, I...

Yes, your calculations are correct.

JJF, That sounds right!

look out for inv head n shldrs that can send it up to about $170

good 4u, JJF, if someone really thinks it is just russian roulette, it is crazy to do it; if someone believes in tech analysis, and can trade it; and day/swing trade, then don't you think that makes sense? bry

No amount of skill or hard work leads to trading success? So I guess I just got lucky? Lucky me!

liquidating all my SPY options right now: 1.54 for the 180 puts = 26% loss on 2% = 0.56% account loss 2.81 for the 181.50 puts = 243% gain = 4.86% account gain .21 for the short 180 calls = 83% gain = 1.66% account gain .85 for the short 180 Dec 20 calls = 53% gain = 1.06% account gain...

Placing GTC order to get 2.07 for the Dec 180 puts, which will be breakeven for that trade. If SPY can get close to 178 should fill--kinda doubtful, but maybe get lucky tomorrow.

OK, SELLING another 2% value of account, SPY Dec 20 180 calls for $1.83...this is all the SPY position I will take at this time, counting on the tax sell off right before the Christmas rally...if it happens, should work out very well Current status: 2 losses out of 2 trades account down...