Search results

I use a slingshot hedge as well as a (slightly OTM) strangle hedge. All put on at the same time along with the main spread. Lots of back testing has shown this to yield the largest profit but more importantly, keep losses controlled to a minimum. Hint: The slingshot protects against large...

... I should mention that this breach has already occured in the NDX (which is often thought to lead the SPX).

The critical level to watch is the Jan prior low of 1260. If that is broken expect the market to plunge to 1245 (key December level).

Anyone here subscribe to Ned Davis Research?

Take John Summa's class (options nerd) if you want to do this...

Markets closed up but VIX increased too -- anyone know why this happens?

I don't think its Mo, I think it's short covering... well I guess that's Mo's cousin...

Coach (a little off-topic), I'm expecting the market to be down mid-year and looked at buying some Apr or Jun debit put spreads: APR 1275/1250 put spread $7.40 debit JUN 1275/1250 put spread $7.40 debit How come they have the same price? Which is the better choice (assuming they...

Dr. Zeeee! What's new? How's the trading? Think we're headed back to vols in the mid-teens?

Another stunning fact is that all option traders, naked or otherwise, eventually die.

Lots of euphoric posts.... was everyone on this board short?

Went through 1272 which is the prior market high from Dec. Panic selling is supposed to set in now.... we're already 12 points down, not sure how much more...

Maverick -- great post. Bascally trading is no different from any other money making endeavor. That first $500k or $1M is very tough. After that, there are so many choices...

Watchout for that critical 1272. If it breaks below that, panic selling is likely to set in...

This haircut discussion is interesting.... and so is the "can't trade retail for a living" discussion, but I believe the greatest hedge of all is trading as a hobby/part-time and working part/full time...

I have found that it's also good to put on the pregnant fly (actually I use a 10-point wide debit spread) at the same time the original credit spread is put on...

Coach, To make sure I got it right... you paid a total of (5000+2875) for the put spread, right? Or did you pay only 2875?

Coach, It'd be a bit of cut-and-paste work for you, but I wonder if you could be persuaded to post some screen shots of the Before and After risk graphs from TOS?

Anyone trading SPX weeklies?

Tax treatment (long/short term gains on short term trades) and SPAN margin....