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Reverse Iron condor ______________________ New one, 3 strikes OTM Buy 645 C @ $13.80 Sell 650 C @ $11.60 Spread -$2.20 Buy 615 P @ $15.60 Sell 610 @$13.20 Spread - $2.40 ___________________________________________ Paper Experimental trade Wonder what this is supposed to...

Do you really think Delta Hedging works? I´ve tried it twice only, but it has been disappointing. Now I´ve forgotten how to calculate it. Going to have to read up on it again. I´m trying overlapping calls and puts, but the moves are too shallow. Not even making bid ask and...

Thats what takes so many years to learn any darn thing in this. It´s the forward testing you have to do. As the market changes, you get different results. Months go by before you learn some useful tidbit. Very slow process this learning process.

Sorry Jeff I blew right through my index number, I was supposed to follow your method and double up CALLS, a la averaging down. Couldn´t do it. Ended up buying PUTS instead and will play the trend and the trend ending for PUTS, and THEN maybe buy some more CALLS, or something? See what...

I´m nervous about an April 2% to 10% market correction.

So on the Reverse Iron Condor One should be two, or even three strikes, OTM, from the par ATM, to make it work?

Appreciate both comments from Kinggyppo and from Scott and mo. The nuances of anything is what make it work. The tricks so to speak. The idea of going an extra strike out the money is a good one I can appreciate, though I may not understand it. Well will watch and see what happens...

Seems like the whole market is just waiting for GOOGLE to shake things up on Thursday? Very dull trading moves. I´m curious as to how the reverse iron condor works? Wonder how it works on Earnings reports that stocks only move 2%? Lot of those stock earnings are less than 2%. Been...

Conparing the QQQ ATR to the SPY ATR. Can´t get those moves that Jeff talks about. Maybe if I can build back some cash first will switch. I´m at my lowest balance in a year of learning trading. Jeff talks about 36% 50% with this low VIX. Most of the QQQ is moving around .18cents to 24...

Dan Shirly - Nice article. On paper then. _________________________ Reverse Iron Condor in the weekly Buy 625 PUT at $17.70 Sell 620 PUT at $15.10 Spread - $2.60 Buy 635 Call at $18.90 Sell 640 Call at $16.30 Spread - $2.60 GOOG the morning of the 10th...

BABU Forgive an ignorant old man here. Double diagonal middle of the night prices here with GOOG Sold the weekly 640 c at $16.70 Buy the April 635 C at $20.50 Okay I´ve got this is a diagonal CALENDAR. Sold the week 625 P at $17.70 Buy the April 630 P at $21.80...

I´m curious to follow BABUs diagonal and straddle. When is GOOG earnings? Want to sit back and see if I can decipher it. Or back engineer.

Jeff I´m staggered into buying CALLS, or going to. Have my first three contracts. Though while you say 67 low I´m thinking maybe worse case scenario 65.08 This market is topping out. I would like to be all out of CALLS by Friday. Got rid of the other half of CALENDAR. I lost on...

Gee Whiz! Just looked at the EMINI futures. Looks like a big drop on market open? Whenever? Me holding CALLS sheesh!

Havent received any Natenburg. Plenty of online stuff though. Im reading up on the different stuff.

I seem to have hit a stumbling block on my CALENDAR trade. Something basic, mabye I´m just too tired of all this? You put on a CALENDAR, sell the first month and buy the second month. Go to expiration. To show a profit, does the spread when you close have to OPEN WIDER, or...

a)Well RiffRaff with his weekly intra-day straddle on expiration Friday was interesting reading. Going to look at it, but I´m not allowed to trade intra-day. Account too small and getting smaller. b) The reverse condor day before earnings was interesting also. Will look at that too. c)...

I´m getting discouraged. I´m below in my account where I wanna be. Been going over the index market, but it is just not making the moves in the time frame I´ve been trading. Can get a profit, but at .18 cents with .10 costs. Not worth the hassle. There are not even .30 cent...

Is the market open Monday, or Tuesday next week?

I guess you are not counting commission and bid ask spread? I was just running those numbers the way you do. With a $2.50 premium and you make .24 for example, that is a 9% gross return. With taking out commission costs, that is 5% return. Yeah I did notice if I had bet on the...