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I've had the same thing happen to me the past few months. We get to expiration and the profit get zapped. I ended up about 2% this month, was up about 7% just a few days ago, still on the plus side though. I keep telling myself that is the silver lining (I would prefer my lining to be money...

Good thing I got some good fills last night to close out my DD, I'd be underwater right now and that really wouldn't make me happy. Working on getting fills for SPX Dec/Jan but no bites yet.

With the market closing above 1390 I chose to get out of the way of this train (still kicking myself for not opening the CTM put credit spread last week). I put in some aftermarket orders and got filled pretty quickly. I saw too many ways for me to lose my profit after such a good run this...

My DD is getting crushed this afternoon with the strong push higher. Another month, another large move upward just a little too fast. Only a few days to SET and I have another decision to make, hold on or get out with my profit now. Lots of theta still and lots of vega too if we get a quick...

There is an OIC trade show in Chicago on 11/28, anybody planning on going? I'm going to the free part (Investor Education Day). There is another thing going on there but costs several hundred dollars, I will be skipping that part. www.888options.com

I took one very small short this morning. My trouble trying to day trade is people at work interrupting me, I could have closed with a 1pt+ gain. We all can't trade in the wee hours of the morning like T28, I bet it would improve my profitability though! I know, woulda, coulda, shoulda. I'll...

Your percent return is kicking the crap out of mine (I'm currently a little under 7% after giving up some ground today), very impressive. My tent pole is a diagonal with a 1365 short. At this point it looks like you made a good move with your calendar. I'm with you, any vol spike in the next...

Mark and Sailing, How are your diagonals holding up for Nov? I'm sitting in a pretty good spot right now, will probably jump out sometime before expiration but not sure when. If market drives higher based on CPI or PPI then I am out, I have a short at 1400. A dip with a vol increase would...

A platform like that would be nice. I just closed out an ER2 position for a nice .9 take. I'm testing out the 10min charts as this fits me a bit better (sometimes I have phone calls I have to take and they can last more than 2 minutes so I'm trying the 10min charts to see how it goes)...

I will be there, looking forward to it. I'm all about free :D!

That was my initial thought, what is your stop trading this way?

I think it was in mid to late April that rallymode posted some of his strategy results.

Went short on YM, got shook out after taking 10 points then watched it drop even more. I need to follow the signals and not try to outguess it too much :mad:.

I looked at the futures this morning and decided it might be a good idea to stay out of the way today. Looking at the charts it has been a good choice so far.

2 days of good moves higher and a drop in volatility is sucking the wind out of my DD. Getting a little close to my short 1400 calls, need to keep a close eye on this move. How is everyone doing with their ICs? I should have done the CTM put spread a few days ago, didn't put my money...

I went and talked to one of my employees for a few minutes and missed out on this one, it was perfect! :mad:

http://www.cboe.com/Products/indexopts/rut_spec.aspx

I've been having good luck with ER2 for the last week or so. Looking over things from earlier today there were some signals that immediately went bad right after entry, not much I can do about that but get out quick. I did miss some opportunities, just didn't see them at the time but are...

Wasn't a good day for me on the ER2, got knocked around pretty good this morning. Might have to take a peek at YM to see how I like it.

Coach, how is your CTM position looking this morning? :)