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20% in fees? You should get a broker to sponsor you!

For giggles I ran your plan on the S&P 500 since 31st August 2017 - at that point the index was over all three MA's and hence we started 3 long. At the end of the year today you are up 14.54% against a buy and hold the S&P500 of 17.5%. The activity breaks down as: 9 trades of which 6 ended in...

Iron Condors are - if properly structured - high probability low return strategies. You can use them on stocks but as stocks can and do gap up or crash down it makes more sense to use them on indices. If you learn ho to avoid the maximum loss and hedge anytime your short sides are challenged you...

Destriero take a chill pill man. The fact you first used 'WTF' and then added (edited) 'laughable' as well as an edit to cover-up that your first WTF response was a bit shy off the mark (to say the least) and now you condescending with 'foolish' are just the tell tale signs of the riled...

LOL you are editing after the fact and adding more expletives as we go along. Fine I am wrong - doesnt bother me - OP asked a question, I gave my considered opinion and you disagree. Peace.

JSOP makes an interesting suggestion and like you say Pekelo as the settlement is secret we will never know. My opinion - which is no more than that - is that Karen had a trade that gradually overextended you. 30 years ago when I first started trading options I figured out that LEAPs on indexes...

The margin requirement varies per broker - there is no way of knowing what the person's situation was doing the trade but a random margin calculator will tell you that buying the 3$ call when you short the 2$ call saves you 20K in margin. You will be right in saying you can have a better deal...

Look there are a lot of people on here dubbed noobs or berated for just being lucky they are directional in a bull market. However no matter how much of a numpty people on here are you have no idea what the average option buyer is like. They are far worse and know nothing about anything and are...

Here is my explanation: he sold the 2$ short and to reduce the cost of margin he bought the 3$ call. I do this all the time though not with those kind of numbers obviously. It reduces the capital outlay required for the trade enormously.

"Meet Richard RICHARD STANLEY was raised in a lower income area of South San Diego. A high school dropout, he obtained his business degree as a serial entrepreneur – in a bank robbery. He was graciously accepted into an institution of higher education operated by the California state prison...

You do if you want someone to pitch into your arbitrage idea.

Probably the best advice I ever read was from Peter Lynch, trade in what you understand. Doing that never really failed me whereas the biggest fiascos were always stuff I didn't really get from the word go. Regarding this advice: "Always have a plan, for better or worse. A man without a plan is...

I work in Brussels, Thank you for posting the link to the program, I looked at the eligibility criteria and of course it is not as simple as you make it out to be. The program is meant to foster entrepreneurship and involves following courses, mentoring and so forth. The money is also not...

My option trading strategy is simply put (approximate values): - 2/3 of portfolio - LEAP options on stocks based on momentum - i.e. pure directional play using leverage of options to increase return. Roll 2-3 months before options expire (or sell); - 1/4 of portfolio - non directional short...

The market can stay irrational longer than you can stay liquid.

Well it was certainly a wild ride on NFLX - I was long the C JAN19 300 - this is a directional position where I use options purely as leverage. This is a position I opened on feb 12 and there was a considerable profit in it. I had been thinking about rolling it as the option was getting under 6...

@rtw You really should not have been surprised - I dont have the historical data but as of Friday close c495 delta 0.0309 theta -0.3275 c530 delta 0.0103 theta -0.1338 The numbers were probably slightly better before but the principle is the same - you spoke of a $4-14 move - the delta's would...

I have been using them for a while - they send out alerts which until a while ago focussed on long positions ahead of earnings for stock (and get out before announcement). These have on the main been good but as ever timing your buying selling is important and above all take into account the...

Ok I answered my own question by verifying action dates against actual releases. There is a lag of a day or even three in general. Hence the options should not price in the volatility of the release of this information.

I realise that - the FDA could also postpone the decision at any time. However from an option pricing perspective today its meaningful to know if the release would be before close of markets in Europe. The option seller would be in the same situation as me regarding the uncertainty. However if...