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  1. P

    Naked Index Calls = $$$$

    OK, I got some answers from the C2 board - I guess this one has lost faith...interesting how the time has come and most won't know it. You can go back and formulate your own summary, but the market indeed tried to correct in Feb-Mar...and we got a ridiculous 1 month correction before bulls...
  2. P

    Naked Index Calls = $$$$

    OK, I got some answers from the C2 board - I guess this one has lost faith...interesting how the time has come and most won't know it.
  3. P

    Naked Index Calls = $$$$

    I was able to successfully ('til now) execute a WOTM spread trade with the QQQ's. I am now trying to construct one with DJX. Which instrument should I use (like the QQQ) where the spreads are just pennies? Any help would be appreciated, Pay (Gil)
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    Managing Funds for a Living

    2Flipper:...what a quack. I simply point out in unbiased terms regarding your frantic posts your trading generates and you regurgitate. I don't think I am all that, but you are exactly...well that. And when you comment on me - please try not to be an exaggerating idiot aka...
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    Managing Funds for a Living

    So annoying! Each time I refresh it gets worse - between then and now: Max Drawdown 17.34% (20070530 to 20070724) Where is that sun? Gilbert AHHHH...now I know what I will do. A search on y'all and see how ya been commenting lately (he-he) then I'll know your sentiment,
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    Managing Funds for a Living

    Actually after slightly more frustrating nearly 10 months of my first real money account in 2002...we nearly touched 20%. This time...maybe so. Oct '98 also messy. But thank God for bottoms and the evolving gains. I really wish this market would TOTALLY SCRUNCH - but of course that...
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    Managing Funds for a Living

    Thanks GTS...amazing how a stellar prodigy can only muster as much in 6 weeks. Should've nailed the C2 stats right off the bat and dazzled everyone (for a 6 month Fund). Of course if you "play" with investing...it's all just a game. Find winners and losers - stick your money in and well...
  8. P

    Managing Funds for a Living

    and the cross ref - http://www.elitetrader.com/vb/showthread.php?s=&postid=1543245#post1543245
  9. P

    Naked Index Calls = $$$$

    with the cross ref. http://www.elitetrader.com/vb/showthread.php?s=&postid=1543206#post1543206
  10. P

    Naked Index Calls = $$$$

    We're back at it. With today's action we will once again venture back into our "WOTM Index Spread Strategy. based on this: and now this (in C2 account): We'll follow this up with a translation to the 750,000k+ account generated...
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    Managing Funds for a Living

    -musings: Can I put myself out there? I'm still invested (some) long. Can I limit losses on spreads (yes, see ET). Is there is room for making mistakes - always if manager is good. So, my funds will still be fine - regardless! Man this has been some rocky-going - but I've learned...
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    Cramer says welcome to 1995 all over again!!!!

    ...I'd have to somewhat agree with this cramer-esk surmisal. (is that a word?) Company multliples are still (historically) low and fundamentals are stronger. The question is...what is driving this market up? Back in the day it was all the hype surrounding the Internet. It's taken a few...
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    Naked Index Calls = $$$$

    Market HUGELY gaps up (again) this morning in heavy trade - a good thing for my covered call portfolio (see http://www.elitetrader.com/vb/showthread.php?s=&postid=1528736#post1528736), but for this strategy we will now unwind our last "spread": SPX at 1536.58 Jul 1540 (SXMGH) at 10.10...
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    Managing Funds for a Living

    ...in keeping with my 'training spirit' mentality: after the IOC debacle, losses were contained - and we've since continued to phase into Jul covered call positions. At this stage, we are being a bit more diverse - or cautious, to now be fully vested into 7 positions or a couple more...
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    Naked Index Calls = $$$$

    From Friday to Monday summary: SPX back down to 1510.12 SPX Jul 1540 (SXMGH) @ 3.7 SPX Jul 1550 (SXMGJ) @ 1.5 to unwind now would still be 1.8/4 or 45% of expected/possible profit realized. MID back down to 903.69 MID Aug 920 (MQWHD) @ 16.4 MID Aug 930 (MQWHF) @ 9.6 ...was unwound at...
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    Naked Index Calls = $$$$

    This look familiar (LOL)? OK heres the summary (you make the call whether these could/should be stopped and how): Tuesday 26-Jun-2007 SPX @ ~1492.5 Sold SPX Jul 1540 (SXMGH) @ 8 Bought SPX Jul 1550 (SXMGJ) @ 4 to create "spread". Friday 06-Jul-2007 SPX @ ~1530 SPX Jul 1540...
  17. P

    Naked Index Calls = $$$$

    Not sure what the market wants to do from here. First we see LOTS of day where institutions unload shares en masse - usually a precursor to some market weakness or impending correction. Then we see (some) support levels breached among the benchmark indexes and then (some) picked up at their...
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    Writing Call Options

    So now I don't have a clue. Seems markets won't correct as soon as I thought. We are rangebound and not all indexes have 'broken out' (like QQQ????) to new highs. So my question: SPX and MID spreads are doing...ok? But QQQ's are above 48.25 (48.31) I sold the AUG 48's and bought the AUG...
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    Managing Funds for a Living

    et al, we are staying the course. Got 'lucky' with SNCR purchase yeserday. It went from 28.6 purchase to gap up and is about 33 or 3 bucks ITM. We always sell 'front month' call options up til 2 weeks before expiration. This provides the higher (daily/weekly) rate of return. When...
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    Managing Funds for a Living

    For lack of anything 'better' to post here is some "easy reading" from C2 post: I will express myself as I freely do and there is nothing 'wrong' with what I am doing. I know what to expect from myself and in good conscience I execute accordingly. That's not to say that there won't be those...
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