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As a novice, I´ll stick up for Babu, Don Bright and Atticus. They have given me some good hints. I think they are good friends. If I am still losing money, it is my fault. This week I lost -$780 in my small account. Nice to see I was right afterward and got out early. Unfortunately I...

It took a few weeks to realize the QQQ moves up and down with earnings reports and news forecasts. I¨m a slow learner. I can only presume earnings reports have been down, for the past week or two? I´m still holding on some CALLS that are long underwater. It is just the QQQ has not...

Not in the sense of trading a straddle per se. I am using the straddle situation for a set up to trade. Then I plan on a STRANGLE. Going 2 OTM strikes, to leverage the available cash. This past week, I got started by entering the movement breakout of the STRADDLE on one side, and it reversed...

It is very possible SPY and the QQQ will drop again. Not much more than it already has though, I don´t think. Down pressure is still there. I´m sitting on 15 contracts in CALLS, but just going to hold. Figure it will come back to the regression line, either before this week is over, or...

I really went into CALLS in a big way for me in size. DOWN a lot and see people are crapping their pants on my other interesting " my option trader thread". At 90 day options, I´m just going to sit tight on this for now, ride it out and see where this market goes. I have 2 std deviation...

Aaaaah! Probe 1959 Thankyou! I´m glad I´m not alone. :) Atticus, care to explain the synthetic straddle and being turned into a fly, now I sort of semi-understand the setup of both.

Well all my trades are cleared out. I´m waiting for a bottom in this index move QQQ then will go long CALLS on the start of an eventual strangle.

Reading about the losses from BABU is scary stuff. I finally got out of my Condor and more or less learned how to do that, with the help of TOS help desk. Went okay except for a hiccup or two. But I sure work up a sweat when I don´t know what I´m doing. I´m going to relax for the rest of...

Another simple amateur novice type question. When you show the THETA number in the option chain. It reads like .01, or .02 which I assume the amount of loss for time decay per day. But WHAT is that number? How do you use it? Is it the percentage of the value of your option you will lose...

I was corresponding with a fella, says he is trading like Ryan on Earnings. For a year or so. He bets in total $3000 a week and if he loses, his bet, he just forfeits. He claims his secret to success is using OTM contracts. I couldnt get him to tell me, or figure out how far OTM he goes...

Well I am following the threads here, and on my option trades. There are so many variables I don´t know, that I don´t even have enough knowledge to ask a question. On the other thread they talk about V and bps, or something. I haven´t a clue what they are talking about, yet. My...

Well I was trying to close some of my trade experiments out this morning. Think I should have made + $78 net on my 6 straight options, but when I tried to close the Calendar I ran into trouble. Back and forth. Trying to figure out how to close it in TOS. Couldn´t tell which was which...

Seems if I enter TRADING LONG STRADDLES and then switch by using my private emails, I can post on here again. Wierd.

This amateur novice is sitting on some new ventures this week. Got a bunch of straight directionals A CONDOR A CALENDAR Planning on a straddle later in the week. Tomorrow maybe. Curious to see how they work out? First time for a CASH CONDOR, second time for a CALENDAR.

Test Still trying to respond to this thread. Lets me read it, but not reply. Sympathies and good wishes to Ryan and his Mom.

Thankyou Richard I spent a couple of hours with the TOS HELP desk and they walked me through it. By that time, for this week, the spread had gone too small. However using the same knowledge I was able to put on a CONDOR which uses the same setup. Apparently I was having server problems...

I´m trying to put on my first BUTTERFLY trade in TOS, but I don´t seem to get any order form, when I click on anything, with the butterfly index? Is there a trick to this?

Traderlux I find the discussion on verticals interesting. But whatever it is you are saying is apparently way over my head. I´d like to know how you can adjust verticals and morph into other things for instance?

This forum keeps rejecting my posts and kicking me back out to log in registration again. Anybody know why? I get on to another forum okay.

When you look at an option chain, you will have a choice of April Weekly, May first month, June second month, July third month, all the way out to yearly options called LEAPS. Depends on how much time you need to trade your strategy.