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Nothing much to comment on. The final stimulus bill should get signed by Obama next monday so its a matter of waiting and seeing what the market reaction is. Once again the bears failed miserably at doing any real damage which is fine since consolidation is my preference anyway. Today I made...

I think whats passed so far is the Senate version of the bill which has differences with what was passed by the house. So now the house and senate has to get together and hash out the differences so there is just 1 final bill which will get voted on and passed to Obama for final approval. So...

Nice pullback today as we were too overbought on the short term, so this pullback should setup nicely for a significant bounce when the stimulus package passes later this week. We're coming up on that 440 zone where the bears' balls seem to shrink everytime we get to this level lately. We'll...

I added another june put today and I'll do one of two things tomorrow. If we rally above 470 tomorrow then I will go ahead and close my remaining 480/470 june put position for a small profit. On the other hand, if we drop down to the 460 level I will add another June call position. bot jun...

Naaaa I've got a full time job that I enjoy. This is a side hobby that after many years has become profitable. Although if I find myself suddenly unemployed....:eek: Anyway, today I decided to make a slight change in my june positions. I decided to close one of my 480/470 jun put...

I am expecting the market to rally over the next month. My gut still says we test 400 one more time but I was expecting that to have happened already. Clearly the following is my opinion as I have no insider knowledge but the market appears to be at a standstill until this stimilus package is...

MJ, I"m a little confused by your question but I will try to answer what I think you're asking :) Let me know if this isn't quite what you were thinking: For instance I open up the 420/430 mar call. -Currently I hedge by selling a naked 43 IWM call. -So what you would like to know is...

I added the following june put position to the above open positions: bot jun 480/470 put/short junQ 47 iwm put@ credit of $66.49

I added another jun call position. Nothing exciting happening at the moment as the market seems to be in a holding pattern waiting for stimulus details. Jobs report is coming on friday as well so we should get a resolution to this 440-465 range we've been stuck in for a few days. Closed...

Gee maybe they should include hiring more IRS accountants in the stimilus package, doesn't really seem like a lot of the DC crowd feels they need to pay taxes. Hell pay somebody 40K a year and they'll find another DC douchebag that owes at least 40K in taxes.......a-holes.

Boy I'm pretty freaking irritated here. I want to start opening up april positions but the iwm april options have not opened yet.....I can't do May because the damn May RUT options aren't available.....so I had to look to June and the only IWM options available for June are quarterlys....argh...

LOL nice catch! I didn't even notice the original post was from 5 yrs ago.....now I'm curious what the outcome was....

I've done this on a regular basis for a long time although at a much smaller amount (about 30-40K) and from my experience 10% is way too much to pay. You should be able to score this deal in the 4% range so I'd shop around......and of course make sure you have a solid PROVEN trading plan before...

Naaaa I'd say neither. Either military service or some sort of peace corps service for at least a year before you're allowed to vote :) If this credit debacle has taught us anything, its that GED, HS diploma, college graduate, illeterate whatever....doesn't seem to matter, just a world full...

I went ahead and locked in some more profit by closing some positions. I closed the following today: 1) bot feb 520/510 put/short feb 51 iwm put for $356.96-> profit = 356.94 - 42.06 = $314.88 2) bot feb 520/510 put/short feb 51 iwm put for $347.94-> profit = 347.94 - 147.06 = $200.88 3)...

I decided to go ahead and close some positions and lock in profit today. I closed the following: 1)short feb 46 iwm call for $191.70-> profit = 340.58-191.7 = $148.88 2)bot feb 450/460 call/short feb 46 iwm call for $330.57-> profit = 330.57-148.06 = $182.51 3)bot feb 500/490 put/short feb...

This was a call position that I had opened several weeks ago when the RUT was trading above 500. I decided to close it last week because I prefer to have the normal march IWM rather than the quarterly IWM option. I was able to close that position out for a $44.60 profit. The put position I...

Yes unfortunately I have not figured out how to combine purchasing a vertical spread on RUT and at the sametime selling an iwm option all in one combo trade using IB. So right now I will usually enter my RUT trade and once that fills I have a very tight "mental" stop where the iwm hedge gets...

I closed my final march quarterly position today and also sold both of my 540/530 put spreads. Here is a list of what I currently have: Closed positions mar 480/490 call/short marQ 49 iwm call @ profit of $44.60 mar 460/470 call/short marQ 47 iwm call @ profit of $51.28 Open positions...

Well you have to remember the reason for the adjustment which was that a strong support level (440) on the RUT was broken which means my next target for the RUT was (still is) down in the 400 - 410 range before we get to the 490 - 500 range. So at the time the important thing is to try and...