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Yes ........ But the big hurdle is Psychology. How many 100% losses in a row can you take before you give up? IMO ......... You will need a winning trade in the first 5 trades - otherwise those losing trades will be a heavy burden and it would be impossible to continue. :)

IMO .......... 80% profit target isn't enough for a long option position - profit target should be 100%. Most trades will lose money so you need that 100% profit target. Break down of buying options: Go for a 100% profit target when you open the trade. Weekly OTM options are best - maximum...

RE: What's the Option Decay for Holding Overnight? Easy to figure out. Check out the option chains on stocks that open at, or very close to the previous days close. You will find that there is very little if any option decay in those situations, unless there was a scheduled event - such as...

Why was it denied? Fill out another application and fudge the questions to satisfy the broker. They do not confirm your answers. Keep in mind you can't trade options in a cash account - you will need a margin account. :)

Optimal Risk would be the amount of $ or % that is worry free. :)

Your IBM trade expired below the long 130 calls. There was no exit posted so I assume the maximum loss of $460.00 was realized. IBM Jan 135/130 bull put spread for a net credit of $40 You now need 12 successful trades just to get that loss back. That's a hard grind. :)

Sell 2 call contracts ATM. The ATM calls would give you the best premium. :)

You don't understand R:R. I buyer of options will consider the risk to be the stop and adjust size to their risk tolerance. The Reward for long options is much higher than the Risk. :)

HEADS UP Usually GOOGL reports on Thursday's - great for those one day option plays. But this time they report on Monday Feb 1, 2016. Other notable earnings: AAPL - Tuesday Jan 26 FB - Wednesday Jan 27 MSFT - Thursday Jan 28 AMZN - Thursday Jan 28 I'm bullish on all of the above. Add...

Fair question to me. The OP wants to exit the option position when the underlying hits a certain price - in this case the strike of the option. Example: Long or short AAPL 100.00 calls - exit when AAPL hits $100.00. :)

So what was your "trick" to avoid losses on the short puts when the underlying turns sharply against you? :)

The long options are the insurance to reduce the potential loss of the short options. There is nothing you can do at this point. :)

A very predictable and boring movie. I would like to see a movie about the person that shorted before the market crashes - and ended up with nothing. You know the saying "The Market Can Remain Irrational Longer Than You Can Remain Solvent" :)

I also would like to add the timing is perfect for a long OTM SPY option play. Going into a new year should be a catalyst for the markets during the first week or so - up or down. I would not want to be a seller of options at this time. Long calls going into 2016 is a good choice. :)

I'm 100% in favor of these sort of option trades. Long OTM options provides the most bang-for-your-buck and has the best R:R of all option positions. :)

You are approaching options from the Bottom Up, instead of the Top Down. Options is a Top Down process. Focus on the underlying them build your option position around your views of the underlying - in your case you are very bullish, so buy calls if the price can justify the purchase. Wide...

The classic smiley has been changed to this :)

This is the Chit Chat forum. :)

I just read that Jeff Bezos was also unimpressed with the SpaceX rocket flight. I also see it was only a 11 minute suborbital flight - and that's 11 minutes from liftoff to landing. :)

The Space X engineers were sure excited, but I think landing a rocket is overrated. How much money is saved by reusing the rocket? :)