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re USO trade idea with the long holiday week end and todays rally, a lot of steam has come out of the proposed BPS MAR 30/33 P. went from .29 to .17, USO @ $37.70 if put on now, trade would be a 6% ROM, approx 94% prob, still looks interesting, not as good as last Fri!

spot on...germany knew what they were doing, they wanted to sell their stuff to a captive core and wanted a buffer from the ruskies....they also thought by now they would have more than just monetary union but the masses are balking at the constitution..

http://quotes.ino.com/chart/?s=NYMEX_CL.J10.E&t=f Home > CRUDE OIL Apr 2010 (NYMEX:CL.J10.E) Futures contract

TRADE IDEA USO Date: 2/12/10 Price: 36.31 Almanac: favorable Strategy: Bull Put Spread T/A Support: 34 T/A: rsi 21, macd 12 26 9 Near term target: 40 Time forTrade: 5 wks BTO: MAR 30 PUT @ 15/16 STO: MAR 33 PUT @ 44/47 Net Credit: .29 At Risk: 2.71 Margin Gain: 10% Probability...

...persackly!.....what he said....

you also need to realize that the original options you bought/sold were most likely immediately hedged off in some way by the mm, so there may be no one directly opposite you on a trade. but i think you are on the right track to try some trades and see what works for you.

...you got it, keep it simple, start small and jump in. vertical spreads as descibed in the book are a good place to start. i am beginning to think all this theory bs gets in the way. the theory only is valid for a micro-second snap shot in time, and then every thing changes. life itself...

opie, you failed yourself, your friend and student, and two lovely women. what do you plan to do to make amends?

....theory smerry nay sayers, i read the book and now i am sending this from my 36 foot cat anchored off an island in the carrib.... ....just trade....get rich....dont worry....:cool:

trade review sat jan 30 trade did expire at $0, SPY $110.21 also an error in the "At Risk", 1.82, not 1.92 Margin Gain 10%

AA trade review The vertical jan 11/12.5p expired at $0. The way the cal spread turned out kinda confirms my thought that trades on stocks rather than ETFs are too risky. Especially around earnings, which was on 1/11. AA traded to a high of $17.60 on mon 1/11, and closed at $15.63 on fri...

Take a look at briefing http://www.briefing.com/GeneralContent/Investor/Active/ArticlePopup/PagePopup.aspx?PageId=3270

pfiii.com (Oliver J. has moved from Germany to Texas!) stockfetcher (forums are free) dash of insight (interesting "insight") adams options (about the best options blog, imo) van tharp (good info on trading psych, I have read several of his books and I am now reading Super Trader. He...

I have been doing put credit spreads on the SPY, so I want to compare your strategy and results to mine. I have looked at cal spreads but havent got to a comfort level with them. One difference is with a credit spread if it does go entirely my way, I dont have to do any exit action, just let...

...touch a nerve?...eehhh?....

go to the cboe for your quotes, better than yahoo, imo http://www.cboe.com/DelayedQuote/QuoteTable.aspx

Any spread traders get blind sided by the gov attack on wall street? I was lucky in that I usually get in the week after OPX for my BPS on the SPY, and did not like what I was seeing early in the week, so I kept waiting and then bama lowers the boom.

You are so right. Americans have not come first for a long time. George Washington and other early founders warned against international entanglements. It is very sad. The elites in power could care less about the average american.

There are several nuggets of truth in this post. Instead of the usual nay sayers dismissing it, take another slow outloud read and see what you can find. Example, if vol is declining you might want to consider more aggressive trading? Look at the recent extended decline in vol. You could...

Of course you look, a good driver, through experience, knows how to use a rear view mirror. A good driver is also using "historical data" and making decisions from that data all the time when driving. He knows that the car in front is traveling west at 60 mph and "most likely" will...