Search results

George Fonoe ........ What are you interested in trading? Stocks? Options? Futures? ????? :)

Percentage of profitable and unprofitable IB accounts: 44% profitable. 56% unprofitable. Would this be considered 44% profitable and 56% unprofitable out of 100 accounts? 44 profitable $10,000 accounts up 5% = $10,500 each. 56 unprofitable $10,000 accounts down 60% = $4,000 each. :)

The time frame appears to be Q4 2014. :)

Those numbers will probably drop a few percentage points after the EUR/CHF debacle.

With GOOGL down 2.2% this trade will more than likely expire worthless. The puts are doing OK, the "strangle" counterpart to my calls was the 535.00 Puts at $0.80 - the bid is now $4.10. I didn't buy the puts though, only the calls on this trade. :( EDIT: This trade is a good example why I...

Friday, April 17: $565.00+ Thursday, April 23: Earnings. Friday, April 24: $615.00+ :)

The trade outlined in post #1 has been filled. Time: 15:48:33 ET GOOGL at $548.45. Bought 1 April17 562.50 Call at $0.77. 4 days to expiration. :)

I'm not sure what the cost of $3.17 is. I come up with $0.30 x 2 = $0.60. I don't mind Debit Spreads myself, but I do approach them with caution. A few months ago I had a PLCN Debit Spread go DITM - lots of money was tied up in the short call. I haven't entered one since but I might in the...

GOOGL - April17 OTM Calls 90% chance I buy some GOOGL OTM calls this week, probably on Tuesday at about 3:30 PM EST. Similar to this trade: GOOGL - Bought 2 April10 557.50 Calls at $0.50 I might avoid the trade if GOOGL makes any big moves up or down before I enter. I will post when (if) the...

In the right hands I'm sure option greeks are useful, such as MM's to price them, but on ET they have limited if any use. jimmyjazz is a good example of what happens when someone focuses primarily on the greeks, he can't see the forest through the trees. :)

jimmyjazz ......... Don't drink the "option greek kool-aid" that is being served on ET. I have posted it before and I will post it again. You don't need the option greeks to VISUALIZE THE TRADE, in fact the greeks are creating a fog preventing you from VISUALIZING THE TRADE. The AAPL option...

You have no choice but to go with an online broker. Bright Trading Risk Disclosure "The firm does not solicit nor accept retail orders from Retail Customers. All Bright Traders must have successfully completed the Series 7 General Securities Representative qualification...

$2,000 per month can easily be withdrawn, plan ahead and keep the risk at a manageable level. But the only way he can achieve his goals is through options - not stocks. Starting balance of $50,000 and $2,000 per month withdrawn for one year. $50,000.00 $48,000.00 $46,000.00 $44,000.00...

TD Ameritrade has a special offer on new accounts. https://www.tdameritrade.com/specialoffer.page 60 days of commission free trading (500 trades maximum). Regular commission is $9.99 plus $0.75 per contract for options. (only the 0.75 per contract will be charged) Offer expires April 30, 2015...

Absolutely not. There is no more risk in buying OTM weekly options than any other option position, ALL options positions involve the risk of losing money. A rookie mistake is using too much leverage, no trading plan, failure to control risk, always searching for the perfect trade and not...

GOOGL at $548.60 +0.48% from time of entry. April10 557.50 Calls expired worthless. Still bullish on GOOGL. :)

To show your concern about a long ATM near-term / short ATM farther-out position ending up deep OTM is unwarranted. You should be able to buy-to-close the short options at a nice profit when the near-term options expire worthless. That would be an extremely rare black swan event. Then...

The AAPL example is not a trade recommendation, or does it express my views on AAPL. It's purely for visual reference to a (long ATM near-term / short ATM farther out) position as you stated in your OP, and it addresses your concern about both legs ending up deep OTM. :)

You didn't provide vital info such as: Stock Option strikes Option expiry So I will use AAPL as an example. When real quotes are used the position can easily be visualized and everybody is on the same page. AAPL at $126.81 Earnings April 27 Buy April17 126.00 Call at $1.82 Sell May15 125.00...

Trade still open. GOOGL at $548.02 April10 557.50 Calls at $0.05 (bid). 1 day to expiration. Sell to close Limit Order at $2.50. Need about 2.3% gain on GOOGL for the Limit Order to be filled. Will try and sell the calls at any price around 3:00 PM Friday to clear from my account. :)