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That's what I have learned from some of my recent CTM positions. It is a probability play, I put them on with good probability that they would work out so I will let it go and see what happens (probability cuts both ways though :)). Still lots of time before expiration so jumping out now would...

My diagonals are a work in progress so I wouldn't call them rules, more like guidlines that I keep tinkering with. I generally look to place a the positions at or a little beyond 1 standard deviation. I then look at placing a diagonal or possibly a calendar at or near the market to prop up the...

VIX is coming back down to it's recent floor around 11. I am basically at break even my diagonals right now when you throw in slippage, would like to see the VIX pop in the next few weeks so I can possibly grab a decent profit and look for a new reentry point (Oct or Nov diagonals). I got in...

It would be nice to see some quick stabalization and then quick retracement back up above my short :). I'm not bailing on it, I'll sit tight and ride it out.

:D I'm with you lol. I'd like to see some green on my screens for a change.

The oil and energy stocks are still taking a beating. I dipped my toes back in with an OIH credit spread and am doing about as good as you are right now with this one :(.

I haven't totally figured out why SPX is at multi year highs. The Fed has stopped raising rates which is good but lots of companys are slowing and lowering their earnings outlook but the market keeps trending higher. Oil coming down is a big help though so maybe that cancels out the slow...

That's a good point I hadn't really considered. I'm still a bonehead for not checking my order properly before hitting the final submit button though :).

Here is a press release. http://phx.corporate-ir.net/phoenix.zhtml?c=104432&p=irol-newsArticle&ID=906722&highlight= I was told at a ToS seminar that they have 30,000 customers, this release says there are only 15300 funded accounts. EDIT: More detailed merger info...

I was on the phone earlier with ToS about a different trade this afternoon. After we got it all settled he asked if there was anything else he could do, I said yes, please undue my bonehead trade. He laughed and said we all do that every now and then. I couldn't get my trade busted like...

Just got this email from ToS:: Hello Swimmers, We're getting hitched! The rumors are true, but don't worry. We haven't lost our cool. You know those sappy cards that newlyweds send out that say "1 plus 1 equals 1?" We hate those, too. That's why in our pending merger with INVESTools we...

I'm an idiot! I accidently put in an order for Sep end of month options instead of Oct regular options and I got filled :mad:. Nice boneheaded move :(. Of course the trade instantly went against me soon after. I did the trade earlier this morning and just discovered it, %$#$%#@!!!

I've been looking for some diagonal plays for Oct and really have found much until this morning: oct 1285p/nov 1265p mid is 2.80 debit oct 1325p/nov 1300p mid is 1.45 credit (half size) oct 1375c/nov 1400c mid is .45 The risk profile doesn't look too bad but VIX is going up with the drop...

I haven't looked at them for a long time but when I did I found way to much risk for me. I'm not sure I know anybody that trades those, I'm sure there is somebody out there messing with them.

I would have like to put on some positions yesterday but wasn't in front of computer until well after close. Here is what I am looking at putting on (if I can get the credit but now the market has gone down so we will see): OIH Oct 120/125 put spread for $1.40 RUT Oct 760/770 call spread...

Lots of things look overbought right now. Might join you in a SPX trade but won't be able to get as much premium as you did so I've got to weigh that out. Might try a small RUT CTM trade, have watched it some but never actually put money on the line. Not quite sure what to make of OIH, looks...

I wish I had my Oct/Nov diagonals in place right now, I liked the prices and strikes the last few days better than today. Strike selections are a bit thin for the Nov/Dec but it looks like there are some good plays there. Just need to keep looking for the right opportunity.

Just got back from a long lunch meeting (mental note, don't do lunch meetings on expiration Friday ever again). Let me see, does anybody know what SET was :p? My diagonals played out nicely this month stopping just shy of my 1325 short. Quick back of the envelope numbers show my return on...

I haven't placed anything for Oct yet. Need to see where things shake out today with SET. There is the Fed meeting next week to think about too, although it doesn't appear that any changes are coming at this meeting.

I believe so. I always just put it on "Date" and it then shows "+1 @ Date" but it looks like the "+1 @ Expiration" give the same result. EDIT: It looks like the +1 @ Expiration is a short cut for the way I have been doing it, learn something new every day! :)