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Sounds really crazy, I mean the first course of action for a broker who cannot reach you when you have a margin call is to liquidate your position, so I don't see why they're preventing you from doing just that.

If I were you I wouldn't set any bill paying goals. Try it first then see if you have what it takes to become consistenly profitable. By the way, less regulation is a two-edged sword.

There's no single best way to indentify opportunities, each and every trader has his/her own way of doing things. Some specify certain conditions that must be satisfied for a particular strategy, then they run scans to find candidates. Other just concentrate on a few markets then choose the most...

Google "Max pain theory". Also the explanation that I gave is given by one of the "Wizards" in the Schwager's "Market Wizards" book, I think it is the second one (there aren't that many option traders in the first two books so shouldn't be hard to find it)

MMs wouldn't be able to generate enough force to push the stock to the strike by themselves as MMs don't trade just for the fun of it, but what may happen is that speculators tend to be long slightly ITM options, so when then start to unwind say slightly ITM calls the market makers have to buy...

count me in as well, options are not for daytrading, go for futures or stocks.

That's what happens with butterflies, they will only start showing a profit (assuming the stock is in the sweet spot) in the last week before expiry, in fact the most of the profit is achieved in the last 2-3 days as that's when the time decay really kicks in, and butterflies need time decay...

Bigcharts

If you've been trading for 4-5 years then you should know that making consistenly 1% per day is not an easy goal, to say the least, as that works out over 1,100% per year (compounded daily).

I've been trading for 3 years and studying options for 5. I admit not a lot of experience, but this is what I have observed over time and what some of the more experienced traders that I have talked to have confirmed. Earnings straddle was just an example. I agree with cnms2, you need to...

My experience, and I got no hard data to back it up so if someone has evidence to the contrary then please correct me, is that, on average, the market prices the options right. So if you buy straddles on earnings then on average you'd be lucky to breakeven.

Pin risk is the risk to a trader who is short an option that, at expiration, the underlying stock price is equal to (or "pinned to") the short option's strike price. If this happens, he will not know whether he will be assigned on his short option. The risk is that the trader doesn't know if he...

I'm never sure whether to buy or sell.:D Actually, I got no superstitions.

With your superstitions it would be impossible, you'll have to switch from rally superstitions to sell off superstitions every other minute. That would be so funny!:D :D :D Just do a search on pairs trading in Google or here. Basically, it means buying one stock and selling the other betting...

:D :D :D

Rather than trying to guess what the spread will be worth at Feb expiry if QQQQ is @ ...., use a pricing model to find the exact value (although, you can't use the word "exact" in the same sentence with calendar spread). Calendar spread achieves maximum profit if the stock is exactly at the...

On call calendars the maximum potential loss is the intial debit plus the dividend, if you're unlucky enough to get assigned on the short call going ex-div. Coach is right, the only way to lose more is to get creative and leg out.

Actually, that's pretty much it. It's not too good to be true, all you're doing is locking in profit, you'll give up some of the profit on the call, but, essentially, your position will be a long put at a negative cost. So you're guaranteed a profit with potential additional profit to the...

If you do have a need for a seminar then go for Option Planet one. You'll get the a lot of useful info, save $3K and no one will try to sell you software, which, apparently, is a must. (By the way, I'm not affiliated with the firm)

agtrader, I couldn't agree more with you, commissions are just one side of the coin. The other side is fills, the ability to phone in orders at no extra charge, platform reliability, tech support and etc. So I think the key is finding the right mix between all the variables, or rather the...