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Tradelog does some if not most of these jobs. It can be found on the IB website or armencomp.com.

Anybody else using this package to track your P&L and keep understandable records for your accountant. I found this through IB website and am not connected but have tested different broker formats for them. It works great and should get my accountant off my back.

Yes to your questions about the SAR. Use DELL since about April and apply the SAR. I started with a straddle and then began selling the front month calls. The straddle was at 25. When DELL was above 25 and starting down I sold calls. Then in July when it went down quite a bit I either bought...

Any short option whether put or call is a directional play. Unless it is part of a strategy that offsets it. Covered calls are directional to the upside. A straddle isn't directional but you lose if there isn't a pretty big move in either direction. The calender spread is a much superior IMO...

This is some better but why not use a leap instead of the stock or a calender spread. What this becomes is a straddle with a front month call sold against it or a strangle with the same. These make much more sense than a straight covered call. If you think the stock will rise then sell the put...

Hardrock and Metoox are exactly right. There is the theory that using stocks that are beaten down in this market and are fairly low priced might work. You can still lose 100% of your investment though. Just put a covered call and a naked put on a option risk graph and you will see that they are...

With the OtimalTrader the CBOE option chains are used for the search so they are free but are delayed 15 min. and it links to Ivolitility for the IV. I have been playing with the Calender Ratio Backspreads which are fascinating. It also searches the highest IV skews for calender spreads...

In your quest to find these things there is a relatively inexpensive tool called "OptimalTrader" at www.deltaneutral.com that searches either a single stock option chain or multiple stocks that you specify. It applies over 46 different strategies that you can specify and ranks them for...

The other scenario for a full loss is a gap.

First of all I don't think EWA2 or 3 has much value. When I tried it some time ago they included data 2 months old and when you compared it to the present time it was usually wrong. And also as with almost all other technicals they are absolutely great at hindsight. Another criticism of EW is...

If you're feeling lonely or just not receiving enough email then this is the service for you and I can 100% gaurantee you won't be disappointed.

Here is some more food for thought. In a credit spread if the underlying stays flat or goes in the direction you want you win. If it goes against you you lose. So of three ways to go you win on 2 and lose on 1. This helps your odds. By taking in .75 or .80 on a 5.00 strike difference you are...

Dreamer, Have you ever played poker this way. Asking everyone else to show you their cards while you keep yours face down.

It will help the risk using the 2.5 apart strikes but the premium is a little harder to find in your favor.

DTNIQ2

Chasinfla, great picture. Having lived around bears most of my life I would say he is probably dead. Symptoms are he's holding still, floating on his back, and bloated. But as was said, expect the unexpected.

Should have said none alive.

Frederick,AMEN. There is hardly a human alive that you can't learn something from and noon alive you can learn everything from. Think of J. P. morgan and the shoeshine boy.

Can't remember who but someones' byline here on ET says something about the pro worrying how much he can lose and the amateur worrying about how much he can make. Never ever take risk for granted or fail to analyze it. In options use a risk graph. I like to sleep.

Have done this, It doesn't work too bad. I use it with leaps or a straddle with leaps and then sell the near month call. You can improve it a little by following it with a parabolic SAR for sale and repurchase of the calls. If you get a good down run you can repurchase the call if it hasn't...