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You guys are mean. :eek:

:eek:

Nice. Looks like you got your piece of the pie. :)

Makes me feel like there's a party going on and I missed it. :(

Excellent...

I think the reward is knowing that you did the right thing regardless of the eventual outcome. A week or so ago I had Call 720/730 credit spreads on RUT. When RUT got to ~ 705 I bot them back for a small loss. The index got up to 716 recently and expired at 705. If I had held on I would have...

You would hope the Feds would find something more important to investigate. Don't they have anything better to concern themselves with? Like maybe...National Security. It bothers me more that they concern themselves with issues like porn, than whether they are "spying" on citizens who...

EBO has the best suggestion so far. :D

What are your trading costs?

What works for me (FOR ME) is I look for options with IV above average, I try to determine int term direction, I look at the 50 MA and Supp/Res. I then look at CS close to or at Supp/Res, and take the next furthest away strike as the short strike. Example - Today I sold spreads on AMD when it...

Good job Piccon. I too take the FOTM option vs the OTM. Thankfully I got over the "I could have made more if I had sold closer" syndrome long ago. It really helps your batting average.

Sounds alot like my son up in college right now. Constantly trying to keep him beyond b/e. Was curious about the bond trade. Why did you take those particular strikes and not further OOM?

Thanks for the input MTE. I appreciate the heads-up re dividends.

Thank you Donna, I've placed the trades and see where it takes me. Got 3 Feb/Mar 40 @ .30 & 3 Feb/Mar 44 @ .30. Q's were ~42.40. Both spreads were Calls. Cost about $100 each. I'll call it tuition.

That's bad, but the worse situations are the ones where you can't even get to sleep.

I will be interested in watching you. I have 2 accounts now where I sell commodity options deep OOM w/30 days or less before expiration. Been doing it for <6 months. Still at b/e, which I guess isn't too bad. It has been an interesting ride so far. I hope not to pay too much tuition before I...

Some local traders are meeting at the Ale House by the Altamonte Mall around 4pm on Friday Jan 20. I'm guessing it'll be the noisy group at the bar. :p

I posted this on another Calendar thread. Appreciate all input. Hey Guys, Tell me what the downside is here. The Q's were ~$42 earlier today. The Feb/Mar 40 Call spread could have been bot for $.30 FYI - The OOM $44 spread could have been bot for $.30 also. My thinking is that if...

Hey Guys, Tell me what the downside is here. The Q's were ~$42 earlier today. The Feb/Mar 40 Call spread could have been bot for $.30 FYI - The OOM $44 spread could have been bot for $.30 also. My thinking is that if the spread is in the money just prior to Feb exp the time value of...

I'm hoping the answer is no....hoping. Most of my trading is in my SEP.