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  1. MajorUrsa

    Comparing US and Dutch FTA index options

    Hi, I'm currently comparing index options in the US and in my own Dutch FTA exchange. Some background: for a few years now I traded the dutch (Amsterdam) FTA.EOE index options. I first did this through a Dutch broker but it became to costly and clunky and I switched to IB. Because I'm used to...
  2. MajorUrsa

    Buying/Selling Options

    It is very true that comfort and experience should determine what strategies to deploy. My last post was merely intended to show that the AAPL position you ended up with is a perfect example why equivalences are important: The fact that you own 8 long puts is in itself not that important. What...
  3. MajorUrsa

    Buying/Selling Options

    You current position is as you know equivalent to owning 8 long Jul$95 puts. The premium you payed for the puts (calls) is your risk, the gain is unlimited. When long puts are used as a bearish strategy it is normally done because of the limited-loss property that long options have. It is...
  4. MajorUrsa

    Buying/Selling Options

    Hi Bob, I'm not an expert in butterflies perse, but I will give my views anyway. Cheap is such a relative thing. Compared to what? To make any kind of profit you will need to do a lot of them and then they're not so cheap anymore. As said, any option position gives you exactly what you pay...
  5. MajorUrsa

    Buying/Selling Options

    No, he goes a lot deeper than that. It's just that this synth stuff is so fundamental and keeps coming back that I mentioned it. Anyway, I still don't really understand what you mean by 'practical use'. I think the day-to-day thing about option trading is thinking about strategies and...
  6. MajorUrsa

    Buying/Selling Options

    Yip, you are of a rare species that will accept that fact without seeing it explained black-on-white. It is exactly this awareness that makes so many questions seem moot. Point taken, thanks, Ursa..
  7. MajorUrsa

    Buying/Selling Options

    Sorry if I gave the impression I wouldn't like (to discuss) butterflies. Of course I do, who doesn't like a nice butterfly :). The reason for my urging you to read up on flies and synthetics is that I have the feeling that you are groping for some magic formula or spread that will somehow be...
  8. MajorUrsa

    Buying/Selling Options

    That depends on what you consider 'retail'. If you only use options to go long/short the underlyer, instead of trading the actual contract, it is not really needed to know about equivalences. As soon as you start to use puts to protect your long stock, or if you use your stock to 'cover' your...
  9. MajorUrsa

    Buying/Selling Options

    With all due respect exQQQQseme, this is exactly the reason why you should read Cottle (or something comparable, which there isn't) before entering on fly's or straddles whatever. Fly's are the perfect example of risk/rewards on option combo's always being 'the same'. That is: you get what you...
  10. MajorUrsa

    What really happened ....11 september

    Yeah, and people taught to not ask questions believe they are always right. Ursa..
  11. MajorUrsa

    George Bush Iraq speech tonight

    Another possibilty is that he of course knows that the situations in Iraq is no longer solvable. By pushing forward now he forces the congress to stop him and prevent the sending of extra troops. When Iraq is finally and anarchy, which will happen anyway, he can blame that on his opponents in...
  12. MajorUrsa

    ET software

    You'r welcome :/ Ursa..
  13. MajorUrsa

    George Bush Iraq speech tonight

    Good observation. We now know who is our real common enemy. Ursa..
  14. MajorUrsa

    Buying/Selling Options

    I like your reference to these two man, and I hope the same hopes. It was not at all my intention to start a discussion about O. or to offend you in any way. My message is to be read exactly as i wrote it, but I assumed you were really a pupil from the O.-classrooms. My background in options...
  15. MajorUrsa

    George Bush Iraq speech tonight

    This is where the democracy fails. Not only has this committee advised to do completely the opposite, almost all citizens are against this move as well. This guy has to be stopped. If it can't be done and if we survive the next year, the law has to be changed to enable it. One silver...
  16. MajorUrsa

    ET software

    Why would you delete a webpage. Never done that in all my life Ursa..
  17. MajorUrsa

    IB Charts - upgrade requests

    Yes, that would be a great improvement. QT is currently very visually oriented. Also, many indicators would have totally meaningless numbers associated with them (what does an actual value of 687 for for the PVI mean?). QT has much room for improvement, but as it is I think it has the best...
  18. MajorUrsa

    IB Charts - upgrade requests

    That is correct, if you really need to program your own indicators or want to build trade-systems you QT will not suffiice. Btw. QT allows you to build paintbars and put them on many spots on the chart. They change color depending on several conditions you can write yourself. I never used...
  19. MajorUrsa

    Buying/Selling Options

    For me the easiest way to remember is the formula s=c-p. I have a question for exQQQQseme. You came here from the Optionetics forum, and I welcome you here. But did you actually follow any training from Optionetics? The stuff you seem to have questions about is so basic, I can't imagine they...
  20. MajorUrsa

    ET software

    What do you mean by 'remove'? Ursa..
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