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I assume you mean the ATM and OTM HSIC calls have made about the same percentage move - they aren't worth the same. JJacksET4

As you largely tell yourself at the end, the IV will be high, and the option prices won't be remotely close to .001 for a $100 stock with an option 3 months from now - yes I know you are talking about strangles - they might be worth $100 even $30 OTM if there is much chance of movement - you are...

I don't know what you mean when you are asking about selling the spread - there are many different spread types, bullish and bearish, calls and puts, bid/ask spread etc. Does that question relate to your question about Straddles or was it a completely different one? For a person starting out...

I would just add to Spins comments that position management is very important with long straddles/strangles (of course this is true for just about any options trade also). Depending on your situation, you might want to consider: At what level would you take profits? At what point in time...

No, I never had heard of it until now. Looks interesting. Usually I don't tend to do many straddles that I hold over earnings, but for what I do it can be useful to see what stocks did good on earnings and might be high flying stocks with low IVs now that earnings has passed. It looks like...

I think I know what you're saying, but you don't seem to understand - I am not talking about your chart showing delta changing - I am talking about the fact that Delta can change with any move, so if a Delta Calc shows .5 and then it actually appears to be .8 based on a move you are calling that...

Heck, I also use his site, but I have combined it with some other text files and I have a VB program to help me find trades. I included a screen shot of it in this post where I search for stocks from $49-181, IV from 19-41 and IV percentile from 1-25%. I can also check which expiration months...

ok, ok - maybe I should just stay away from this thread, but what the hey. You do know that delta changes, right? So, if the delta of an option is listed at .5 and say the stock is 50 and the option is a 50 strike call and the option is currently at 2.00 - if the stock goes to 52, the delta...

I agree that the Maverick74 thread was a great one and though he did "overhype" it with the title ("The Perfect Options Position" or something like that), he did say in the thread that it wasn't perfect by any means. My favorite trade is much simpler then all of those legs though - selling...

Spin, Thanks for the headsup. I am viewing and typing this while my eyes are quite dialated from an eye exam, so if I mess up that is why :) It doesn't come as a shock I guess that they get free subscribers first, get their emails, etc; and then start charging. I haven't been using it...

Yes, I agree - that's basically what I was saying. There are people out there who can make most any strategy appear to be good at least for a while. I think it's possible the OP was thinking of some strategies where the max loss up to a certain point at least isn't huge - such as...

RadioActiveTrading amuses me. They act like buying stock and buying DITM puts is a guarantee of profits. Yes, it does reduce the percentage risk of each position, but they don't mention much about how you now need the stock to rise dramatically to make any money (by expiration at least)...

I'm not quite sure, but I think CSCO also peaked around 500 or 600 billion - I don't think they ever quite got to $1 Trillion. One thing about these super caps is there is really no chance they will be bought out, which is something that has raised alot of stocks recently i.e. MFE, PAR, GYMB...

Sorry, but IMO for AAPL to hit $500, the market cap would simply be too much to hold it - PE would be pushing 40+ without a huge increase in earnings. Look at XOM - their market cap is 330 Billion but PE is 12ish. People say why not AAPL at $500 with BIDU, PCLN, AZO, etc. but their...

It doesn't look like those choices did very good :(. Of course, you can't win them all. Also, you wrote an article for Bernie Schaeffer!? Seriously, I thought his book was OK and he has some good ideas but when I got offered a super cheap subscription to his basic service (it was...

anders, Put options usually represent 100 shares unless there has been an adjustment. However, I would warn that knowing this is one of the most basic pieces of info to learn about options trading and I think you really need to study options quite a bit more before even trying one trade...

BTW, I didn't mean to sound like I was upset with you. Just this kind of stuff ticks a person off when it's my opinion it could easily be fixed.:mad: JJacksET4

So, have you reported this possible violation to the SEC? Actually, you shouldn't have to as the SEC really should have people doing this kind of work. It seems like if they have enough legal authority (and I have no idea how much leway they are given), it would be a simple matter of reverse...

"High cotton prices have squeezed clothing makers in the United States and around the world." Yeah, right - how much worth of cotton is in a dress shirt they sell for $20 - 10 cents? 20 cents? Must be tough to mark up items that much! JJacksET4

Yep, basically how I felt. I wouldn't consider a debit spread a good idea to be able to buy stock in the future - what if the stock soars? Like you said, it's really the long call doing the work, not the spread. I recognized the "No sir, don't like it - don't like it at all" quote but I...