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one issue with IB was that .... if u have a acct where u dont trade frequently. .they will charge u a in activity fee. ie. u have to make 30$ in commissions each month that was preventing me moving my ROLL IRA to IB. but I just got an email. that if u have more than 100K in any IB acct...

btw.. looking at the way. .shorts have been massacred, how must folks doing karen style trading faring on the call side. .must be horrendous.. the calls have zoomed. if u check 1 to 2 month out.. all of the far OTM premiums are shooting up and maintenance margin is jumping

darn. it is shooting up.. 922 ET. . look at it... I dont think in our lifetime will we ever see it reduce.

ok. let me rephrase- the next event- which will WIPE out Karens style traders will be unexpected. .to quote donald rumsfields.. unknown unknowns. i wish I could describe it. but I cant.. the other post gave me an indication. .u sell some thing for 10cents and when mkts open Monday. u have to...

i hope i am not adding fuel to the fire. 2010 spy 10% ballpark.. someone doing similiar to karen pulled 20% 2011. spy flat he pulled 20 again 2012. spy 11%. he pulled 20 again 2013 spy 32.. he pulled 24 %. numbers are ballpark- but in the range. most important.. far OTM. and no...

i think its better if we dont focus on legitimacy at this point. as another thread with maverick75 points out, in the last 5 years.. another of these strategies would make money.. in 2008, she coud have done some size control and got away. - she said she had tickets to mexico as a backup. haha...

you cant make much reversing your strategy.. selling calls.. the premiums dont add up.. you have to go to close ATM and then when it reverses violently.. u will get caught.. there is no free lunch anywhere. Check out the premiums any time.. u will see.. puts have been on a roll since 2009...

when you think about it... it is amazing.. there is . producers and consumers.. and leeches. AKA the financial sector... they make money off thin air.. holy moly. ha ha.. and amazing that SOROS is telling us about leeches. eh??? wasnt he the biggest gambler himself.!

darn.. look at the DIVERGENCE of premiums... for VXX calls. next week..

it was march monthly at that time..... the april.'s premium.s are rapidly eroding.. but I dont have the guts to short sell any.. even though OTM.

payback time is near. it will come. now. do u have the discipline to execute and buy puts on those fridays b4 the max turmoil. i wud say 9/10 times u will loose on the next Mon. but perserverance will pay if u can figure out how to identify those weekends when it is good to hold puts for...

true.. but.. OCT 2008.... who in his right mind would be trading those choppy waters.. that entire period was like a BAD DREAM... ha ha... the days leading upto OCT- obviously we know what all happened and we were at the edge of our seats.. right now , its smooth sailing -all the way. till...

would you guys agree with one corollary. ie. if you follow Karen's trading method, if you play your position conservatively blowing up on the Call side is far less a possibility than on the put side. . Even though the last 4 years action shows that Call selling has been painful, the...

huh. . VXX... the monthly chain.. is extended all to 100.. i sold one for 85... it was 11 - 12.. bid ask.. i sold it for 11. and net was 9.78.. painful. 1.22 commisssion.. my freind sold. 86 bid ask 10-111. he sold for ask. . 11 cent and paid 50 cent commisson .. so his net was 10.5.. huh...

guys. i will open a new forum post. but let me post here first... simple premise. we know she will blow up one day. .Qs is how to take the opposite positions of that. and i read one example.. someone had to close a SPY put which gave him 100$ for 17K. in Oct 2008.. so we are looking for...

thanks maverick, for the wonderful insight . I was debating with someone for the cons of trying to get rich by selling options. and during the argument. just for a hypothesis, assume u r Warren buffet with infinite deep pockets. Wont you just sell deep OTM options and keep pocketing the 30%...

i think she specifically said she is NAKED . so no spreads. reason is. that the tail end is so far off, that she doesnot need to cover the other leg, plus costs add up.

i once was short PCLN before earning.s it was 220 and moved next day to 270.. that was a massive 25% move.. so lets see if this moves another 250-300 this week..

just curious.. do u do indexes. ETFs or stocks.. if so which ones. and which stocks do u think u have mastered the strikes to choose? do u do pre earnings play.. look at the chain for PCLN? do u have IB and Portfolio Margin? are you using up 99% of your margin doing such strangles at all...

ok. this just doesnot add up. but hear me out http://www.google.com/finance?q=NYSEARCA%3AVXX&ei=pJgCU-ikILLrsQeBZA this closed near 42.. my friend and I were both short.. me 63 and he was short 64 strike. on friday at close he got ASSIGNED 4 contracts at 64.?? does this even make sense 22$...