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Coach So, you actually make more money when the underlying moves towards your short strike.This looks great way to trade. I will paper trade,maybe get a little bit closer.

Are you guys thinking of hedging with SPY for your positions or is it too soon?. I am looking at Aug SPY 132/133 debit call spreads... ------------------------------------------------------------------------------------ ryank Registered: Jul 2005 Posts: 399 07-06-06 11:55...

I trade with IB. I put in for $0.7 and got $0.8.

Sold 20 SPX Aug 1340/1350 Bear Calls -- $0.8 credit Coach Appreciate your opinion on this.I have decided not do Bull Put Spreads as we all observed markets come down faster than they go up.(As they say in the industry, the bull comes up the stairs and the bear goes out the window.)thanks

I don't close position at 15 or 20 points from short; instead I try to buy a lot of IWM Call or PUT to counter the effect of the short close to being touched. I also make sure my condor was created and at the same time close any profitable call spread and open closer to the money call spread to...

FROM COTTLE'S BOOK: Insight: Wings. By owning, that is being long cheap wing premium (either 1 for 1 or ratioed long), one is given permission to shortcloser to the money, beefier premium. The proof is in the implied volatility (IV) skew…you know…the smile. To John Q. Public and...

coach Congratulations!:)

thanks for the info,guys.

Coach Can you please give an example of gamma scalping trade.I am reading cottles book but i am afraid it will take many reads to comprehend the info. Appreciate it.thanks

Coach did you grab any SPX puts yet.I am looking at below 1150 but they are all in 25 points spreads.:confused: oh you are still in june positions,right.slipped my mind.

OPEN: Sold 225 SPX JUN 1195/1175 Put Spreads @ 0.20 Credit = $4,500. ----------------------------------------------------------------------------------- Coach At what point would you consider hedging with SPY puts for the above.On an up day after it breaks the 1245 support?. If its...

I understand the fact that if you only use 10% of your account for FOTM credit spreads that leaves you with 90% of funds sitting there unused. ------------------------------------------------------------------------------------ For some reason i thought your were doing 5 different SPX FOTM...

Rally I know everyone is comfortable with their own ways. i would like to get the coach's opinion also on this. Isnt the whole point of trading the index because of the built in diversification it offers?. If you put only 10% in june 1330/1340 bear calls and when the index goes up you...

I have started following coach's money management method.only allocate 50% to credit spreads...

Coach good to hear the news. I got some comfort in knowing lot of people thinking this way. I did the same thing on Dec 2005.I quit my job and started on this great journey.My house is paid off and i have enough money in interest bearing fund(overseas) to take care off monthly expenses.I...

I opened 20 SPX 1350/1360 July bear call spreads for a credit of $0.70.Even with fed meeting and a cause for a pause, i doubt we will reach 1350 in 6 weeks.:confused:

I've generally had bad experiences with the RUT. It's too volatile and the MMs are RBs. I'm only trading the SPX right now and am quite happy. ------------------------------------------------------------------------------------ How much do you allocate your money to this strategy?

Is there any benefit in diversifying among 2 indices(RUT,SPX). I mean all the indices are moving alike. And when the heat is on we need to adjust 2 trades instead of 1. so, is it better not to put all your eggs in one basket or put all your eggs in one basket and watch it closely?.

I wont bring up kiyosaki with you again.:D Just one point.He admits he is weak in options and thats why he advises from learning from a good mentor.He himself has this guy as his friend and mentor(www.wealthwiseeducation.com).

I am a big fan of Robert Kiyosaki.Most of my options profits go into buying Real Estate which gives passive income.I am researching PPMs to indugle in some speculation.