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Maverick, I find your posts on this forum very helpful and I appreciate your advice. I think I might give this a shot. I will definitely take a close look at it. Thanks for your help.

lindq, Thanks for the critique. This strategy may very well be flawed, but I'm not sure that it is quite as poor as your response indicates (although it may be). The transaction costs are high compared to some strategies, but at 3-8 dollars per lot per trade, I don't think they are...

I was hoping to get some input on a very simple strategy I am considering. I have noticed that quite often (I don't have good enough data to know exactly how often) a stock will move far enough during the final month of an option that a straddle could be paid for by taking a position in the...

Maverick, I would be interested in hearing more about this strategy if you feel like sharing. I would love to have that theta working for me if possible. I might start a thread for some feedback on a very simple strategy I am considering that starts with buying an ATM straddle, but I would...

mbradley, Thanks for the explanation. I would like to trade that way, my concern would be a little like Maverick's, in regard to adding to the gamma. I am in the process of closing out a stock pair trade that I got myself stuck in for a number of months. I rode it to a 26k loss and back up...

mbradley, Maybe you could give us some examples of how you trade around these positions. I am always worried about locking in a loss or limiting profit prematurely. Do you manage each trade individually or try to keep your whole portfolio more or less neutral? Thanks for any help.

Mav and HD, Thanks for the help. I think I understand a little better now. Maverick, Do you think this will be more profitable than your "perfect option position", or do the compliment each other?

Thanks for the reply, but I could use a little more clarification if you don't mind. Let's use your example of xyz trading at 100. If you believe this will hold, it seems to me that you could either buy the100 puts and sell the 105 puts for a 2-3 dollar credit; or you could sell the 100...

Maverick, I appreciate your threads and posts. I am not very familiar with the nuances of options, why do you prefer the credit spread instead of the debit spread. Thanks for the help.

I'm not an option expert, but buying stock in one account and selling it in another leaves you flat, so you just wasted your commission and the spread. What you are left with is a naked short option position. You have unlimited risk in both directions (or I guess to zero on the put and...

Thanks for the replies. I didn't get a chance to check in for a while, and it looks like I might have missed a little "discussion". John, thanks for the helpful response and charts. I am about to take a look at the charts and study your remarks. Thanks for the help.

John, I really appreciate your response. I was going to let this thread die when I thought you might be opposed to it. I have been reading some of the journals that seemed to be posted by people that were actually trading, and I found Johnny Rotten's to be particularly helpful. You used...

Thanks for all of the input. As I said before, I am attempting to arrive at a method that will allow me to trade the futures intraday, and all of your input has been very helpful. I will keep watching and studying.

These are some of the exact thoughts I was having, I appreciate your input. I agree with your feelings about the "essential elements of the strategy". One of these is the times JR traded. He seemed to feal that the institutional trades at these times really moved the markets. Lately, it...

Thanks for the replies. I looked at the other thread, and realized that Johnny Rotten wasn't too pleased with the continued discussion of his method. I tried to e-mail JR or Simtrader, but couldn't. I have been trying to use the action of other markets or futures as indicators for one...

Is anyone using this method? http://www.elitetrader.com/vb/showthread.php?s=&threadid=18626 I have been looking at this over the weekend and it seems to have some merit. If you haven't read this thread, be forwarned that it is full of profanity. I thought there was another thread...

I am using QuoteTracker with TWS, and I can't seem to get a quote for ESTX50. I have the quote on TWS, but I can't seem to get the symbol right for QT. Also, is there any way to set the open/close times for QT charts (assuming that data was being collected before and after the open/close I...

Thanks for the help. I will keep watching and see what I can learn.

Can anyone tell me anything about ES options or where I can find information on them? I have spent about half an hour on CME's website, and I can't find anything except that they trade on globex. I can get quotes on TWS apparently, but right now nothing is displayed. Thanks for any help.

Thanks for the help. Are there any suggestions other than QQQ?