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King Gyppo I´m getting amused with the kibitzing about taking an afternoon nap. I´m taking the joshing all in good fun. The reason I took the nap, was I spent a couple of hours roaming around the island on the back of my daughters motorcyle looking at real estate lots. I was trying to...

Interesting calculation excercise. I need another .33 cents to break even at 1.98. Add another .50 cents for commissions, then I need $2.48 as my minimum exit price? I was going to try my hand at a paper traded Reverse Iron Condor today. Got distracted. Maybe get to it a little later...

I´m long 5 QQQ 67 Calls I expect them to go up today and tomorrow. At least to 67 strike, maybe more? You got me curious. If have it right, I invested before commissions $985. With rising CALLS they are currently worth $820 and should be going up for a while.

Bad opening this morning. I noticed I was still long PUTS. Went to HELP desk in TOS after looking at my trades and they confirmed I was LONG 6 contracts in PUTS. Must have hit the buy instead of the sell, or the ASK instead of the BID. Asked the desk guy to sell them quick at the opening...

I´m going to have to look that up on the reverse iron condors. They sound cheap and OTM. That you can make a profit on it, is interesting. Too bad you didn´t post the actual trades to look at how you were choosing them.

I suspect Jeff is suffering from the VIX effect? http://finance.yahoo.com/q/bc?s=^VIX&t=5d&l=on&z=m&q=l&c= The vix here started the morning at 19.55 and closed at 19.55. I have found that under VIX 25, long buying directional does not work well, or enough. You need a different...

King gyppo Your query. 5 contracts 67 June Calls QQQ ILE That sounded interesting. I read it four times, to see if I understood it. Basically I should SELL long IV straddle and buy a short first month straddle. Something there doesn´t sound quiet right? In a straddle, I am...

Kinggyppo I´m long in cash CALLS. 5 contracts. NEVER got another dip to add more calls after the first delta adjustment. About a $1000 bucks worth. Left over from the previous week, in which I´m trying to find a way to adjust my way out of what turned into a STRANGLE. Got rid of the...

I have no idea what the QQQ will do tomorrow? Pressure is more or less stagnant. Took a midday nap, and decided to try a CONDOR. For the week. I theenk, I made a bollux of it? Was trying to figure it out. Thought I would do it on weeklies, but after I paper trade recorded it, found I...

I was feeling bilious in the middle of the night. Sorry for my outburst if it offended some. Basically I thought I would scream, when I get one more guy saying I need to trade 1% of my equity. I did that after commissions I might make 8 cents or something in total on the trade, on a small...

I read somewhere, that APPL alone was bigger than the entire USA retail sector. Wonder how true that is? Got out of my PUTS this morning. Not much profit, thought at one point the volatility premium balloon went to $2.65. I ended up exiting at around $2.42. It was too quick and I...

hoop 21 re- the house on the beach. I´m on the beach in Caye Caulker by the barrier reef. _________________________________ One of the aggravations on these forums, is there is so much conflicting advice from experts. Unless they publish their eguity growth or loss since Jan...

Yeah! I took C++ some years ago. But left all my books in Florida before migrating down here permanently. Used to have fun with it. But programming doesn´t let you sleep well at night, so gave it up. The mind keeps churning problems.

Adjustments are going to have to wait until I practice my neutral delta, neutral vega and positive theta positions.:confused: There, did I say that right in GREEK?:D

Hoop 21 Thankyou for those words, or sentence of wisdom. Helps me to stop floundering around and wasting valuable time on things I´m never going to use. I´ve got a clearer idea now, of what I have to learn and more or less how to learn it. Not going to happen in my time frame I...

http://westernbelizehappenings.blogspot.com/2012/04/bill-gates-and-family-welcome-in-belize.html Eat your hearts out fellas. Bill Gates and family are here. Photos of yacht ( $250 million ) Meaning option trading is not where it is at. Making software, distributing selling is where...

Ammo I found your comment on doing MM for 5 years and straight buying intriguing. I remember back in the 1980´s talking to some friendly acquaintances with seats on the Exchanges. One guy had like 5 places at $250,000 each. You must have rented maybe? To trade directional, you...

Well I´m reviewing my option trading education. Such as it is. One time ATTICUS privately gave me his favorite strategies and I just read them again, while going through my old private emails on here. I see none of the standard stuff classical listed here, is any of his choices. :D...

Well let me see. I´m taking stock educational inventory here. After Atticus comment about the classical trades. CLASSICAL TRADES ???????? For this novice? Credit Spread ( experience a lot ) Long Straddle, ( a medium experience ) Vertical Bull Call spread ( no experience )...

Wow! Ammo that was a mouthful of experience. Very interesting. 5 years, just betting on direction, as a market maker yet? Babu You have a block on your elite email, so will check here for your link couple or more times, on Saturday and Sunday. Thankyou in advance.