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Frankly Wetton - this is a VERY tough call and will depend on your own style and long term objectives. I regret ever originally buying FDG as I made a bad newbie mistake of buying a lower quality trust that was apparently managed by incompetents in a market (smelting coal not traditional coal)...

Go for it Mav - show me the holes. Sorry to blaspheme your religion. I really don't want to get into a religious war but I have slowly built up an amazingly good core portfolio of high quality "long" equities that I have identified as desirable by writing naked puts about 5 points under the...

I hear you. I decided to go in long and will nibble at new positions on significant dips and rely on super high yields to attract income investors. At 15% return and the rule of 72 a long income investor is going to get 100% return on capital in 72/15 = 4.8 years. Assuming these trusts can keep...

I sell naked premium successfully all the time. Naked put writing is one of the best and most conservative ways to get a good quality equity position when one wants to get paid to wait for a temporary dip. I know of no other way to get paid a regular dividend without even owning the underlying...

A lot of traders are gaming Cramer. I personally like the man on a personal basis and he comes across as very likable and trustworthy but I think he lacks discipline and emotional balance. What most people on TV do not realize is that the show is taped and he gives his recommendations to a...

Just my 2 cents: I think the question focuses too much on money. I made plenty of "money" as a director in a fortune 400 company before I just got fed up with the rat race and tossed all my experience and credentials and degrees down the commode and "dropped out". I am currently in an...

I hope this does not come across as intrusive or imperious but here are my two cents on this. It seems to me if VIX/vol is down and premium is low then that low volatility is precisely why the premium is low. It is “fair” to get less reward for less risk – not that any of us are fair...

I am experimenting with a system that promises a portfolio of "low correlation" small cap emerging growth equities. I have about $100K I put into the system just today about 1 hr before the friggin SPX dropped 7 points lol!!. I suck at market timing but we will see how beta correlated and...

If we get a black swan event from a dirty bomb or some such major event, given the way some of the guys here are maximizing/leveraging their margin accounts I suspect that the fat tail/low-premium effect becomes mute with respect to the margin calls arising from all the long equity positions...

OK summarizing all that I have picked up here lately and combining with external reading and personal experience it seems that in addition to good money management, optimum position sizing, trading ability & risk management it seems like we need just two more things to be "successful" at options...

Thanks Sailing. By trading skills here do you mean opportunistically closing out a portion of negative gamma on the side one thinks is most vulnerable to underlying motion or trading its opposite side (e.g. most winning side) by taking profits early to buy blocks of long in the expected...

Actually I was trying to make a joke here. I was casting the market in the role of a bad but intelligent attack (bull)dog who's trainers had taught it to optimally sweep out and devour all short positions within a plausible striking range to optimize premium for its masters. I was using the...

I swear I had the exact same experience in October's wild bull ride when the bull run up forced me into an expensive out on an upside credit spread position. When the market turned sharply down and gave up 10 points in less than 2 hours I wrote a new credit spread 10 points higher than the...

My thoughts are that I personally am getting very uncomfortable writing spreads to the upside. I am all but certain we are into a major bull up for 2007 at large with periodic spikes down. I may go long in equities rather than risk the upside volatility with credit spreads. Got bulldozed in Oct...

Comments embedded: TS Enjoyed that chat, TS

Hey Jem - I think you are hitting on an important factor here that may help our national economy still somehow manage to muddle through the real estate problem. That concept is "relative value". Money (and people) should migrate to the best lifestyle "value" relative to other competing parts of...

haha - you are right back to my original complaint that if there is no positive expectation to be found due to unfair pricing of derivatives (poor spreads) and equities (with all the implied manipulation at all levels including analysts, CEOS and underwriters) then it really is a suckers game...

I flat out won't work as a Buyer's Agent unless I get an exclusive right up front since its is HELL work and a VERY low probability prospect. After about 10 listings all the buyers muddle all the properties together in their heads and can't recall any of them clearly. Then they want to go back...

No real offense taken. I am here to learn. Honestly, I appreciate your sentiments and insight. I am definitely not an expert options trader - I'll admit that right up front. But I am not sure such a term has relevance since if what a lot of people here are saying is true then an expert would not...

OK so you are now telling me its all like a casino and only the MM and brokers ever win because they are the house and get a piece on every roll? TS