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The 1275 is a bit close but it is a little more than 1 SD outside of the market currently and could be a support area in looking at the chart. The current breakeven is about 1267 on the downside but this would move lower as the vol would increase on a downward move (unless we slowly bleed down...

Not seeing too many opportunities for a CTM vertical spread on the handful of indexes I follow. The only thing that looks a bit tempting is to roll my OIH position into October, but really should have done that yesterday.

STO Sep 1250p BTO Oct 1225p debit = 3.00 current mid = 2.50 STO Sep 1275p BTO Oct 1250p debit = 1.70 current mid = 3.70 STO Sep 1325c BTO Oct 1350c debit = 2.90 current mid = 2.00 The continual rise in the market along with the drop in vol is hurting me a bit more. Coach needs...

Today's job numbers sure didn't help my XEO spread, I'm taking it in the shorts now. Could get out now and move on but I will probably hold on until at least Tuesday, see what happens when the big boys get back in town. Could extend my loss but I'm willing to wait.

Not sure I understand, how would CBOE know if I have an Iron Condor or not? My broker would, but CBOE wouldn't know which account holds what contracts would they?

These are some really spoiled brats: http://www.indystar.com/apps/pbcs.dll/article?AID=/20060820/LOCAL010103/308200002/1015/LOCAL01

When I had mine, it paid 100% after I met the deductible. You do not have copays, you pay the full bill when you visit the doctor (you quickly learn how expensive visits are so you avoid them unless you are REALLY sick). I believe it counts towards your deductible but check into that, my...

You will make 1 payment to the HSA/insurance company.

STO Sep 1250p BTO Oct 1225p debit = 3.00 current mid = 3.05 STO Sep 1275p BTO Oct 1250p debit = 1.70 current mid = 1.90 STO Sep 1325c BTO Oct 1350c debit = 2.90 current mid = 3.65 I'm somewhat profitable at the moment with no adjustments on the horizon just yet. Lots of data...

Oh I'm not turning away from ATM. I'm just poking fun at my first trade gone bad (for the moment anyway). The trade hasn't gotten away from me yet so damage is minimal. A pullback over the next few days would be nice, then I can see how an ATM spread reacts when it goes in my favor :D.

You are dead on, it was near (1-2 weeks away) expiration, don't remember exactly when. I am doing this one to see how ATM works, so far not so good :( but it is an educational experiment.

Sorry, panicing isn't really in my nature (I know, I'm considered a freak here on ET) :p.

I can see where you are coming from. We backed off the highs today. Lots of data this week, Tuesday through Friday morning. Volume has been low since last week, blamed on vacations, Labor Day, etc. We will see how it goes.

I was typing my previous post and didn't see yours until I posted it. I'm going to take my chances with the economic data for the time being. I was bearish at the time and still think we could move back down some but the market keeps wanting to push a little bit higher. Let's see what the...

Being ITM doesn't worry me too much (but something to be monitored). When I was paper trading CTM spreads I had one where it went ITM and I was still profitable when it happened. That was a big eye opener for me and I started looking at CTM with less of a skeptical eye. I posted about it on...

I'm only posting this because the trade is going against me, you know if I was making money on this one I wouldn't have anything to bitch about :p. My ATM XEO spread is underwater right now. I'm still holding on looking for a move lower but I'm not getting my way so far. That being said, with...

When you click on Single as Sailing described it is the last choice at the bottom of the pull down box. Hover your cursor over it and a new box pops up to the right where you have many different month and strike combinations, then you can choose vertical, diagonal, etc.

Why not just sell the call you bought and skip the purchasing of stock by exercising you option?

Thinkorswim has awesome software that is free with your account. You can try it free for 10 days, then you have to fund your brokerage account. It allows you to model and change tons of things to see what would happen in different situations. If you haven't done so you should check it out.

You hit the nail on the head with those 4 things. I too tried the straight calls or puts and failed miserably even when I was right on direction. I didn't start making any money with options until I went to credit spreads. Now I am much more comfortable with my trading and it shows as my...