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hey, i am not bashing you, as i even had a naked future option journal.....i just wanted to repeat a quick point. xflat2186 explained the very valid issues about calls. so you should reread his point. as i mentioned before, i do a lot of calls. in any case, good advice is to actively manage...

i had some short puts sold at 6 pts that spiked to 20pts......of course i professionaly extracted myself with minimal pain...ok , moderate pain. i traded naked in the past. no more. spreading allowed me to survive easier and with less pain.

when er2 was touching 745 and i had shorts at 720 which were 120 pts otm when i put these on a few weeks previous(with the plan of buying the longs above shortly thereafter), i was feeling pain. the net liquidation value sucked. watching er2 drop 20 and 30 points at a time, i had to make a move...

seeing things like that make me hope there is a god and he f%#*@'s them when they enter that beyond..... i would be interested in finding out how much they ultimately net on the scam.

of course option sellers got hurt. before all this started my closest short put was a lot of 720 er2 septembers. because i actively protect my account, i worked very hard buying back, rolling down, etc. i now have essentially debit spreads (ie:long puts above short puts). my account took a...

cache i know you were being somewhat facetious in the easy money remark, right? rally tried explaining to me some vix trading and i had to stop him from wasting his time! in order to trade these profitably you must have some criteria met imo; full understanding of complex greeks and what...

maybe a little late to comment; for the record my margin requirement during to day is now basically equal to overnight. for me it made no difference since i carry future option positions 24/7, so i always base my trading on overnight margin requirements. before the change, i had almost double...

briefing Beazer Homes: We spoke with a co representative who told us there is no news out to their knowledge to explain the stock action (10.20 -3.78) -Update- although i can believe the first post.....

for a brief moment, i liked day... now i make a formal retraction of that point. maybe just another instigator who has been banned before. i was "fizzled" yesterday, no question. wayne, i also lean toward more calls also. my return over the years has been good for various reason; and my...

i'll give you a quick summary. sold long 780's aug(er2) closed 745 shorts. original premium on 745's were 5pts closed at 7.60. 780's were legged into @ 3 pts, sold @ 17.10. very small net loss overall because more short than long. been there before many times. maybe some day it will catch up ...

agreed. there is nothing safe about what i do or the others here. i spend every day trying to build long option positions around my shorts. after the current drop my short puts are 7.5% otm. risk of ruin is large. in my case, i am using a smaller amount of margin compared to those with...

that explanation of a "pro" is without peer. day7793, you sound like more of a pro to me than "rpt". he is instigating you all. he will be gone soon. we all know what a " professional " is. rpt is probably some kid under 25 living at home. there are many people here who are not pro's who can...

mte... if i had your proprietary calculator; i would be all set. if you have a change of heart, keep me in mind:)

i think most here know when someone is being facetious. i will also add, most here believe you are nuts. i could not imagine what it would be like to know you in person. i cringe. now you are backing off all you posts by saying it was all a joke? unbelievable, probably the most shocking and...

i get the sense that atty is trying to gracefully end this exchange. michael, you are definitely one nutty guy. i have been around the block a few times, and rarely say that. you are so way out of your league. when you realize that later, you will feel real stupid. please let me know if you...

this thread imo was not a waste of time. it was a good exercise in sorting out displays of common sense; which is uncommon apparently. this guy is young, so let him vent a little. as i said before, he will make more money. he's paying some dues. that 60 sec. commute is totally worth it...

you are suggesting a move to a lower cost rent, and ditch the car? if he does not get rid of the car , savings would only be $10 plus insurance. impossible to be without a car, young and in connecticut. then add metro north. what would the rent be in westport anyway? i own some two families...

i have lived in fairfield, westport, easton and greenwich my entire life (other than college). even though i never paid rent, everyone knows westport rent cannot be more than a couple hundred less than greenwich, if at all. add the metro north ticket, and you are back at his current situation...

jeeze....my last post on this thread. my future is only doomed if i die. i own a business, many buildings, and trade extensively. all debt free. with that background, all i am saying are you guys are nuts. others have made my point already. go punch a wall while i get up delegate some things and...

if by spelling out my position and partial background seemed elitist, i apologize to anyone offended or put off. my point was to illustrate where my position and my opinion originates from. fyi buud, i do not work for anyone, i am at this point(debt free, relatively young and a big...