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Stanford and Traders Journal Well Tuesday. Market has closed. I came up stairs just before closing to my trading room and tried to figure what was happening. Bottom line, all the OEX long CALLS, the Bull Debit Call Spread, the Horizontal Time Spread, are losing. These are all scratch...

Well guys doesn't look like much happening today? Think I'll close down the trading room and take 5 or 6 hours to go get some needed construction materials as the crew comes to work tomorrow.

Trading Journal The comment that a horizontal time spread can act like a straddle makes me nervous indeed. So looking at the chart, I'm thinking THURSDAY might be a possible correction start day? The thing to do then, is get out tomorrow afternoon I suppose? I'll double check that...

Trading Journal That is an interesting comment about the QQQQ's. I'm not familiar with them. From your comment, they are a calendar monthly? From what the 1st to end of month? Or am I just confused? Do they expire third Friday, but you are talking trading the last week in September...

Trading Journal There is a lot of meat in this. I sort of think I catch the drift, but not sure? What advantage would the BULL PUT CREDIT SPREAD have over the BULL CALL SPREAD? In reference to what? The TIME SPREAD is straight CALLS on both legs? Isn't it? What are you really...

Trading Journal and Stanford a) To Stanford. The weeklies in the NDX work the same as in the OEX. I would like to point out to you that somewhere I read is that 75% of the stocks traded on the NY Stock Exchange are in the OEX 100 Blue Chips. Mainly because the institutions trade them...

Okay Stanford. Half of my weekly credit spread trade is on. TOS account web based funny money trading. 15 NDX Weekly, 1825/1800 Puts @.30 cents. a credit of = +$450 The TOS account balance is now $88,781.45. I had it up to a couple of thousand above the original starting balance...

Wow Stanford!!! SCRATCH PAPER TRADES BULL CALL SPREADS PERFORMANCE Talking about being a very confused old man. Been trying to find scraps of paper on my desk top. It is a litter of notes. I put some scrap paper trades on Friday. With a jump this morning Monday in the index, I'm...

Stanford It is difficult to know the fill problems until you move into CASH trading. Using scratch paper, or the TOS paper money web site, can be misleading on that part of it. The OEX is a BIG solid index though and I suspect no problem getting fills there. On the NDX I have no clue...

Trading Journal You had mentioned the trader ATTICUS as having a bunch of TIME DECAY trades. I looked up his posts, or at least read about a 100 of them, but didn't find anything interesting or useful. From the others he chats with, he sounds highly successful at whatever he is doing...

Stanford Yeah I've been pondering the debit TIME SPREAD in my sleep. Don't know how it pays but will try one on Monday to run for a week and see what it does. The tricky part will be market direction effects. as to how far out? I'm planning to try a monthly against a weekly. The Time...

TIME SPREADS ( Volatility trade based on direction of market.) Just read up on the idea. It reads good as a debit spread. I like that better than the credit spread. - Use two different months same STRIKE prices - use either Calls or PUTS. This is a directional trade based on...

Trading Journal Well you've been a good friend on here. Be sorry to see you cut back on time here. I'm into trying to figure out buying options right now and applying insurance as it goes. That will keep me occupied for a few weeks for sure. I'm also dithering over whether or not to...

Whoops! Got an error there, the trial October credit spread on scratch paper should read sell at $3.20 and buy at $2.35 for a + .85 cents.

Stanford Thanks for the commission info.l The dentist lady is a public health dentist at the Poly Clinic here but when she gets home from work, she has her own clinic. Don't know what about the x-ray, but she didn't have one yesterday and told me to come Saturday at 1 p.m. and she...

Stanford and Trading Journal My indicator says we are having a longer BULL trend here. Slow moving. Probably be handy to trade a Vertical Credit Spread on the weeklies on Monday next week? Will review Monday morning, but in a weekly credit spread you get better premiums earlier in the...

Does anybody have a location for an option testing program? I'd like to run the Vertical Credit Spread for a 5 point OEX move direction.

Stanford VOLATILITY Here is my bookmark for the VIX http://finance.yahoo.com/q/bc?s=^VIX&t=5d&l=on&z=m&q=l&c= This is a chart on the S & P 500 index, but overall for market conditions you can use if for any index. I believe TOS have a volatility reading on one of those columns...

Stanford and others. Well I have a trade on in the OEX for Time Decay in the weekly. So today Friday, I need the market to end up, or sideways. I have a 10 pt cushion on the downside to expiration today at 2 p.m. my local time. I also am holding a scratch paper trade in the NDX WEEKLY...

A dentist huh! Aaaaah well, too bad your not here right now. Got a sister lives someplace 30 miles north of Victoria. At least she did. I lost her address and have been unable to locate her for the past ten years. Wonder where she is now? I'm hoping for a sideways market the rest of...