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at least you have your $10K from the OEX's (or whatever they were)

I think if you posted the info excluding the size and net profit then people could discuss as you "intended". But your post could be interpreted as bragging... Which rarely makes friends. Congrats on the trade.

I have to agree with "options made easy" for basic strategies and basic spreads. Also if options is completely new then it's a great read. Then if you want more info, I then recommend "options as a strategic investment" by mcmillan ( which I'm currently reading). This was also...

I really like this quote... ^

+1 on thinkorswim. This will really help learn options too as you can visualize you risk profile and play with the sensitivities. Ex change the volatility, underlying price, date

I guess psychologically, I was more comfortable being long. It's irrational I suppose, but I guess if I end up making better decisions, then it (hopefully) works out in the long run.

thanks... Basically, my account size (aside from my trading activity) precludes me from opening an IB account. So basically, I want to know what I'm missing, since it seems some of the experienced traders are using them.

then why does it seem everyone is using IB? commissions?

$15,000 liability (from SPX), and not sure what you're doing? I hope that's paper money!

I don't know if you recall, but I started out with short put verticals That was really my first post here. I learned very quickly, it's not as easy as it seems, it needs to be watched, and the reward didn't justify the risk (especially w/the commissions I was charged). At the risk of...

So is it possible that there are long contracts that are exercised but no correspondng short contracts to make or take delivery since the person that was short covered? For example, on expiration Friday, all those short contracts cover, and all those long exercise. But, since all the...

Div plays for calls and int rates for puts right?

I am still in your shoes so to speak, and I read a lot of great advice here. Just a warning, unless you have nerves of steel, real trading involves emotions that I personally don't feel paper trading. It's a different game, so just be aware. You also may not get the fills you want (the...

30minutes!! Thanks, I was thinking of switching to questrade.... Good luck w the txn.

^ something seems off about this post....

that's not what I got from it. I showed 1/2 this video to my co-workers for a presentation. What I communicated to them, is the fact that models are powerful, but have their limitations. (We're in the business of building models which is why this was relevant). "Even the best and...

i think right there, that sums it up for me. thanks again to all of you for clarifying this for me. i was wondering if there was an edge in the market that i was not taking advantage of, I guess not.

^ touché... I guess I have to experience it. I had a stop on a butterfly that went wrong, and it triggered, got me out at 50% loss instead of 100%... I guess it's entry and exit point, easy to say and hard to do, especially when its going in your favour. but I don't claim to be...

Maybe the more experienced traders can comment on this , but I was trading an itm call on mos worth 7.90 of course it went down and not up. Based on fundamentals and technicals I didn't panick, since I was more concerned with the price of th underlying, and where it was. If it went too low...

Ok thanks, that's more clear. It was an unbalanced butterfly I had going, so I needed that leg. I've closed the position now, but I was just concerned with the analytics since I had read a lot of stuff, but not that!