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Final details of the expired SPX trades... BTO 10 SPX NOV 2006 1410 Call (.SXZKB) $0.25 $250.00 ...expired worthless; debit of $264.99 with the commission... STO -10 SPX NOV 2006 1400 Call (.SXZKT) $1.15 ($1,150.00) ....expired worthless; Credit of $1135.01 after commission... New...

Close at the EOD on Thursday was 1399.72 for the last trading day of the NOV trade. This mornings open was all down from that, so the set price on the SHORT 1400 call option in my spread should be expiring worthless today. Will update the account balance after it is settled. This should get...

I was working on a simple calculator that would give me the return, risk, and the breakeven point for a Credit Spread. Here is what I have to share. A simple Excel file. Download it and use it for you Credit Spreads...

I would take 50% of the bankroll and place it into an Index Credit Spread every month. You can go OTM enough to make 5%-7% and still have quite a bit of protection. Easy method to make an additional $2 -3K a month. At least that is my plan next year or two when I get my account up to that...

Interesting artical on the VIX this morning on CBS Market Watch... http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B0036CCE9%2DB4C0%2D44A2%2DB1E6%2D464041CA3BA1%7D&tool=1&symb=SPX&sid=3377&siteid=bigcharts&dist=bigcharts

GOOG will shoot well above $500 today on just the followers buying it...

Optionsxpress has been good to me. I had an old account with Ameritrade a couple years ago, but was not the greatest. Don't know how they are now since they merged.

New Option Spread to help get back near the BLACK for the month... This will be on the SPX , NOV expiration at the end of the week. BTO 10 SPX NOV 2006 1410 Call (.SXZKB) $0.25 $250.00 STO -10 SPX NOV 2006 1400 Call (.SXZKT) $1.15 ($1,150.00) Minus $29.98 in comm. 3 days left to...

Use Optionsxpress Trade Calculator. It will tell you the margin required for any Options trade. https://www.optionsxpress.com/ Go to the TOOLBOX tab, them TRADE CAL.

OUCH!!!!!!! Got stopped out on my NDX IC Trade today. Was hoping that it would make it until the Friday EXP but it did not happen... Here's the details...it's not pretty... Sell -10 NDX NOV 2006 1765 Call (.NDYKM) $2.85 ($2,850.00) ....had to buy it back @ 12.6 ($-9,700 net with 2 comm...

I work a full time job and am still able to make some trades to supplement my income every month. As my account grows over the next couple years I plan on trading ONLY as my income. More golfing, fishing, and whatever, with only having to setup a couple trades a month and let it ride until the...

Checked my account today to see how bad I got hit on my NDX stop order.......NOTHING happened!!! Apparently I "Fat Fingered" the price as 2761 instead of 1761...which today, it hit up to 1762. OOOPs...Thanks to the pullback this afternoon I am going to hang in there a little longer to see if...

I have taken advantage of this a couple time for a quick "Gift" premiums. Set up a credit spread on a Friday, and then carry it for the next couple days. I did that on SEARS (SHLD) right before it's last earnings release. Done it on GOOG also. Same thing...a credit spread about 40-50 point...

Tennessee has a history of electing someone that is more at home with the people. Corker has been a Mayor of a TN city, has had business in the state and a payroll from these business that go to the local economy. Ford on the other hand has been a career politician. And has come from a family...

THe "Option Machine" was just a phrase I threw in there, because it runs like a machine (most of the time). If you check my Journal that I post here... http://www.elitetrader.com/vb/showthread.php?s=&threadid=74516 You can see how most of the past GOOG trades were setup.. I normally will do...

Been there...done that... Plus FOX NEWS and CNN are in town today to watch the Voting fiasco that will happen. It is amazing how many people that are dead still want to vote. ACORN has had several people already indited for voter registration fraud...again! The last "Big" election there were...

Welcome to the GOOG Option Machine... Really...these Options has provided steady income for me for the past 6 months...each and every month. The Open interest volume and the ability for this stock to jump $30 a day (once in a while) keeps these options at a "premium" price for Credit spreads...

After a 160 point increase this year, most of it the last 30 days... I would be selling. Buying some DEEP OTM Puts would be a nice lottery ticket. I would not take too big of a correction for these puts to increase substantially in value.

I have voted Republican for the last several elections, but I just dont know anymore... I heard on FOX NEWS this weekend a comment by Dick Armey, the former House Majority leader, about the republican party has been enamored by their own power that they have lost sight of the changes that were...

Nice observation...This stock has not in the "5" range since Dec 04.