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OK, to be fair my statement was a bit sloppy, 2011 was not a bull year, but it wasn't a bear year either. In any case, my point is that 2 years for your strategy is too short a time frame to be considered a track record, let alone a good track record. Also, you say your strategy is based...

10% a year for 2 years in a bull market is NOT a track record! If the last 2 years were a bear market your performance would've been -10% in each year, and with that kind of "track record" you wouldn't be thinking about running OPM.

Moderator, please move this to Forex forum.

Yes. In fact, some people holding short options get caught by such things. They think that if the stock closes (regular hours) OTM then they are safe, but then they get assigned due to people exercising options based on afterhours move in the stock.

I'd say that our answers fit the question perfectly. Anyone who genuinely believes that he/she would get a reply that is worth something is naive, to put it mildy. So there are two routes to take when a question like this comes up: (1) Give a seemingly educated answer by throwing out there...

Some brokers offer contingent orders based on various conditions including stock price, option price and etc. So what you are looking for is called a contingent order. However, unless you want to trade at market the bigger problem is setting the appropriate limit price so that your order gets...

Why would anyone tell you what works, let alone post it in a public forum? Besides, this topic belongs in the Technical Analysis forum and not in the Options forum since your question has nothing to do with options.

The "convention" is that the greeks are expressed in points. So if an option has a price of 2.00 today and a theta of .02 then theoretically it would be worth 1.98 tomorrow.

These days I rarely post, but I used to a lot more, so my average is still 1.27 posts per day.

Not necessarily. It all depends on what the market was pricing in. If the market was pricing in a 60% move then it would be a winner. If, on the other hand, the market was pricing in a 20% move then you would most likely have a loser.

How often this works depends on you ability to pick stocks that move by less than what the market prices in.

The option price by definition cannot increase more than the stock price. So even if the stock goes to infinity you wouldn't get into a situation where a broker would liquidate part of your position. If the option goes far enough in-the-money then you would get assigned on your call, and your...

Covered call is far from riskless. In fact, it has almost the same amount of risk as simply buying the stock. Your risk is that the stock goes to zero and you lose your 100,000 less the premium you received for the calls. If the stock goes up to 4 you don't get a margin call and your broker...

This has been discussed many times here so you may wanna use the search to find those discussions.

There is no edge in selling options vs buying them.

:D

You sold 90 (ninety) call contracts on AAPL into earnings and now you are asking for expert advice!?

What atticus said above. Also, using SP futures is no different to using ES. You are still hedging cash index options with futures. If you want reduced margin you should use ES options or, alternatively, hedge SPX options with SPX options.

Futures do not fall under PM so it wouldn't make much of a difference.

spindr0, The method I described is actually the time-weighted calculation. The money-weighted calculation is basically finding internal rate of return (IRR). The advantage of the time-weighted calculation is that it removes the size effect. That is, it's not affected by the account's size...