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Hi guys, In order to hedge a open underlying position, should I go with opt that has higher theta and delta or lower theta and delta ? If it is higher then it helps me to close the position a bit more quickly either by exercise or closing the trade and also has lower premium. If it is lower...

qq: Would that mean that the occurring of the chart pattetns is itself a signal with no further reason to it ?

I guess the question I have asked is - is there a reason or mathematical logic to the above pattern or is it just an observation based on which the strategy is built ?

I want to clarify a little - I more actively started trading a few months ago. Although this info does not effect your response given abov

Hi wrbtrader, I have not yet discussed with a tax accountant about this so I do not know if they would ask. That is why I am asking the question. I read that in order to classify one as a trader or investor, one of the points to trader classification is that there should be a trade plan. that...

Hi guys, I wanted to understand the basis of your strategy to enter a trade. More specifically, 1. is it based on a hypothesis and understanding of the reasoning which is then tested to ensure its reliability? Or 2. is it based on observation of patterns and testing results of those...

Hi guys, I started trading a few months ago and made some money. Per the answer to another thread I started, the taxes are to be filed on a quarterly basis. I would like to take help of tax accountant to do this. How to file taxes without showing your strategy to you tax accountant ? It is not...

Per the original thread, the OP was selling about 1 or 2 strikes from the Stock price. So I wanted to understand the logic to this. Also, the further you go with your strike price from stock price he smaller the premium.

Thank you ffs1001, the numbers that I have given are for example. The scenario would still be valid correct ? If let us say you sell the 99 strike put at $5, rather than $1.05, and the stock goes to $85 then the scenario I showed in the above I showed would hold correct ? So how would you...

Hi @robertSt , and others, I was reading your thread - "Selling premium - Strategy never discussed" - and was not sure how you roll your sold put for further credit if the stock goes lower. not sure how you would make a credit using this strategy - so wanted to clarify with some numbers /...

Hi @robertSt , and others, I was reading your thread - "Selling premium - Strategy never discussed" - and was not sure how you roll your sold put for further credit if the stock goes lower. not sure how you would make a credit using this strategy - so wanted to clarify with some numbers /...

Hi guys, Are there tools that provide the ability to code an extensive automated trading using GUI rather than having to write the code for the automation ? Thank you

Hi To confirm, they are equivalent only when the delta of the long itm call is 1 is that right ?

Hi @tommcginnis I do read up and try to understand the market parameters as best as I can. As of now though I am looking for suggestion to best close this trade with min. L. I do not know what sunk cost means - I googled it and the answer does not link to this trade at least in mi understanding...

Hi guys, Thank you for your advice and comments. It is really useful for this. I have since opened & closed some trades such as some credit spreads and some calls that I bought (and closed). Overall the cost of the put at 2935 is now about 16 bux (not sure of the exact points bcoz the trade...

Thank you guys for the replies. @Robert Morse Mostly looking for practical information from forum traders as compared to the theory on the websites.

Hi Bon, Could you please explain a bit more about your statement ? "Not open up the legs when closing the position" ? What does this mean ?

Hi guys, Trading ES, what date to rollover to the next Quarter ? Thank you

As I understand the L would be 21 points at close of trade for the put that long on this

Actually Mr @tommcginnis I did take your suggestion (most of it :) ) and did buy a call ! But it was not at 2930 as suggested, but at 2950. But the confusing thing is that the call went to 5 bux (gain of 4.4 points) even though ES was ~ 2872 but now with ES at 2882 the call is only 1.70. not...