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I'll give you the real numbers I am trading the XJO options which are the index options on the Top 200 Australian stocks Market was trading 4100 when I opened the 4100 Aug/sep Call Calendars Market moved higher so I opened some 4300 cals and turned the position into a DC with some more...

I have some calendars on the index which were ATM but now are very far ITM I thought the max you can lose on a cal is the amount that is paid - but when I get a quote to get out of these the MM's are flashing a -ve quote (So I would lose more than I paid for the cals) So if I just hold...

Hasnt happened to me yet *knocks on wood but Im always aware of the risks of playing those vega and gamma games in expiry week. Mind you just being aware doesnt mean they wont bite you in the ass

Yes, I learned this through trial and error Its one of the reasons why I tend to close my calendar spreads earlier than any condors to try and minimise risk. It is sweet though at times when you have a double calendar going and price is between the two strikes, its fun squeezing out the gains...

Just to clarify it could be up to an extra million job losses for the first 6 months of 2009 Which is an extra 166k per month Hopefully its volatile either way GL Traders!!!

You mentioned that you previously tried many other techniques that didnt work Now that you have found something that has provided you with a good financial foothold, have you tried to master other types of trading or do you just stick with the plain bread and butter i.e. what works? If not...

TrimTabs Continues Throwing Sand In The Eyes Of Fake Economic Data http://www.zerohedge.com/article/trimtabs-continues-throwing-sand-eyes-fake-economic-data Anyone else seen this? I just saw Rick Santelli mentioning this on CNBC and he says there could be an upwards revision of first...

I understand all those shortfalls - this is something I would only suggest to traders with a bit more capital at their disposal

Has anyone here had much experience in applying both strategies at the same time? Im not familiar with Apple but Ive done strategies where Im long some ATM calendars but offset with some ATM butterflies or Iron Condors to neutralise vega - as with most delta neutral stuff the key is the...

Thats one of the points of the article - you do see the irony do you not?

But doesnt the level you are long the stock from make a difference? i.e. if I was long NBA from say $30 and market goes to $50 and I sell a $45 call - what would be the equivalent put sale strike be?

I know that a covered call is the synthetic equivalent of a sold put Question is how do you calculate the actual equivalent strike/prices? So if Im long NBA @ 50 and sell a $45 Call - is that the same as selling a $47.5 put? Im sure its not that hard but my brain is switched off at the...

Thanks Emilio!! I keep thinking of night at the roxbury when I hear or see that name

Good intro video, if your going to do more of these may I suggest that you give the videos a little more structure Intro Outline Objectives meat meat meat meat Conclusions This will allow you to cut up the videos into pieces - say 10 or 20 minute segments - this will...

When you mean short do you mean naked? My most profitable trades were during the sep/oct 08 falls - I was long vol through some calendars and diagonals on XJO oppies - my account grew by over 20% during that phase My best trade though was last month when I was doing delta neutral spreads...

Maybe Dave Chappelle could do some ads for the company "Nigaz gas - The only gas a black man would use for his BBQ"

I've don't even know who Macke is but fark that was hilarious! The other video where the trader loses it is a classic, funniest thing is how the guy throwing the paper has that deer in the headlight stare as the guy is climbing over the desk

I like this explanation This topic does remind me of when I started in the finance industry as a futures broker, when people would ask what I did all I would get was a blank stare when I tried to explain the job. I then remembered the movie Trading Places, so when people would ask what I...

As far as what the OP is asking, trading is all about horses for courses. Each trading arena/market has its own characteristics, so its all about finding one that suits your own personality and allows you to exploit your edge. Remember that your not trading the market, your trading against...

Thats a 2 big figure move, so its $2000 USD per $100k EUR/USD traded. Most shops need 1% as margin so you do the maths on the return on margin on the trade. Im not sure but I think that was the day the Fed came out with the QE plans