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Oh wow ATTICUS You have no idea the can of worms you opened in my brain pan. That missive was DEEP mon. Well maybe not to you working from experience. But the hidden familiarity with various conditions not explained was apparent. I got the classical spread bit. Going to have to...

Ammo thankyou for the box spread. Had a look at it for the very first time. Sounds interesting, but doesn´t look like it would pay commissions? For curiousity and learning sake, will do it on paper. I´ve been playing today with trying to learn that Delta, or Gamma scalping thingy...

What a relaxing day today. I was wondering about my chart, that showed an extra daily bar on it, what happened? Then the wife phoned this evening and asked me how the trading went? I told her I didn´t even look at the trades today, it was Saturday. She said no, it´s Friday. So, that...

I had discarded the long straddle as trading. Not enough ooomph I thought. I´m not getting a enough moves in the market for straight buying. My directional skills are okay, but the moves are too shallow. Often too shallow to pay the bid ask, and commissions. So having picked up a bit...

Good point.

Let me summarize what I´ve learned about LONG STRADDLE TRADING SO FAR. LONG STRADDLES ARE SEDUCTIVE. WHY? They are non-directional. The market can gyrate around and sooner or later you will win with a long straddle. They are also limited risk and unlimited reward in theory. In...

I´ve been puzzling about being able to SELL some options and buy back after they collapse. I´ve played with it on paper. Don Bright was always saying SELL. Actually I can see at least one trade a week, in which at the end of a short trend, the inflated premium collapses for 7 or 8 hours...

Just remembered I had a paper trade on Goog as a DOUBLE DIAGONAL Forgot about until after the close, but put on early this week before the earnings. Anyway, it LOST $1.10 on one contract, double diagonal. For those curious and interested.

Sorry the puts were 66 strike the Calls were 67 strike __________________________ Holding 3 June QQQ Calls 67 @ 2.33 bought 3 June QQQ Puts 66 @ 2.26 bought Cash money trades. Seems like this is going to turn out to be another losing week by next week. Think...

Well 20 mins to go before the weekend. __________________________________ I still have my 3 QQQ Calls at $2.21 right now, They were bought at $2.33 Also still have my 3 QQQ June 67 Puts at $1.78. They were bought at $2.26 Couldn´t decide to do what about them? Whether to put a debit...

Glad to see I have company with Babu. Atticus is worse than the Pentagon for talking in acronyms. Haven´t a clue what he said and was discussing.

Well I had got VIX at 19. But when I ran the option calculator it came out as VIX 15 for a trade. I¨m noticing that makes a lot of difference in the power of the moves when using hourly charts. Becomes too weak. Shallow as it were. So instead of using daily and hourly, I´m switching to...

GOOG Reverse Iron Condor PAPER TRADE EXPERIMENT 5 mins after the market opened and GOOG jumped a little bit. Not much. The original spread total was $4.60 for both sides. Right now after the opening, the spread total on both sides is $3.60. If I understand it right, that means...

Hey Ryan WHAT happened to you mon? Earnings time coming up. Tell us your alive, even if you got wiped out mon! We are all friends here, we just want to know. It´s educational for all of us. KINGGYPPO I really want to thankyou for that suggestion about turning my LONG CALLS into...

I just noticed, It´s Wednesday and I was thinking it was Thursday. re the GOOG earnings. Tomorrow then.

Goog if the earnings report is out already, does not seem to have moved much of anything?

Kinggyppo What a delightful suggestion? Not at all accustomed to thinking in these terms of altering trades. I think you are suggesting a debit spread? Or a Reverse Iron Condor. Well lets see, the market could go either way. I don´t think it is going to reach the high of last...

I am suitably chastized and remorseful.:eek: Okay on the Reverse Iron Condor sell the GOOG 625 Put for $16.50 Buy the GOOG 620 Put for $15.10 Spread $$1.50 sell 635 Call for 20.10 buy 640 Call $18.70 Spread $1.40 Originally spreads were -$2.60 each. What...

A book is slowing down my learning process???? Sheeeesh! My equity balance will STOP my learning process before I could even get a book here in the boondocks of Central America. Im nearly to the stopping point now on my equity balance. My daughter got a new laptop repaired on warranty...

Well we are sure getting some decent debate in here, about these things. - No! I do not know what a Pnl chart is, or how to go about it. - There is more down indicated tomorrow. Does that mean GOOG will have disappointing earnings? - I liked that part about the Delta Neutral stuff...