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yep...most likely

really nice patience there ammo! What is a bit perplexing is the lack of volatility with a 10pt ish drop....don't want to sell OR buy!!

just an observation but he has switched to spy and dia so I believe he is trading small and holding...playing the longer trend. Today the dia is the strongest so thats what he went with. a viable strategy.

decided to take me profit at 90...a bit surprised the action was this strong. hope for more churn the rest of the week.

I hope your right and THINK you ARE right about that. History never repeats itself exactly. Trading today is different, the market and economy are in a different place. I'm certainly hoping for movement even if the vix doesn't reach an extreme ( in either direction). What has been...

VIX can and probably will go lower.........remember summer of 07 hit single digits

FX use the SPX on live vol as a proxy...its a bit different (ES) but if you are used to trading the cash ES selling/buying an ES option against your position gives you a bit of a hedge. I traded the SPX for years so have a bit of a feel for how it moves and basically watch the market and the...

ES options are highly liquid even if no interest/vol you can trade, but they have very wide spreads outside of RTH, your buying power/margin changes daily so they have their own issues.

I wasn't really ready to buy in on Friday, bought an 1840 put for insurance....BUT with this strong opening tonight , this week monthly opex and the fact we have gone pretty much nowhere for several weeks I think the bulls are in the drivers seat and I'm long some deltas here (for the...

Why secretly??? Are we all non judgmental open minded traders :)

Uhmmmmm....... could you guys not hijack the thread with YOUR opinions. Let Neke answer if he wants to then leave it or start your own thread. Thx

Those are good points, but most option traders eventually realize a losing trade is best closed. As far as risking profits...yes that is a personal judgment call. You have a winning position do you take "some" profit and try to structure for perhaps a "home run" or do you take profit when you...

Carl..yes..and he made a point of saying adjustments can only improve on a trade working in your favor. IE a vertical that is making money can morph into a fly then condor. He did many of these trades over the years. Important point is if an initial trade goes AGAINST you there is no rescue...

The SPX...because of settlement and other considerations you really can't hedge the SPX effectively with other like kind. The SPX is more for hedging large portfolio of stocks or outright bets on the market. If you want to trade the SPX small then use the futures...the ES. Or just trade the spy.

I would be a bit suprised if we did not go up by EOD ........

TWO wrecked cars and a big bar tab...do you think you may have a drinking problem?...never mind just re-read...post only one wrecked car.

Traded over 3$ earlier on..could have made money..........

:)

To be a bit more serious...when/if I were to buy a call with such a short time left then gaps like that are basically of no concern. I've defined my loss and am looking for a very quick (day-day and a half) gain.......the 572 gap may certainly be filled but the odds are not in the next day or two.

nope...if your willing to spend 3$ whats a buck fifty:D this close to exp AAPL will want to trade up to catch all those shorts!!!