Search results

I'll start out with about $50,000 capital. I intend to allocate about $20,000 maximum. I'll probably trade 1-2 contracts at a time. I plan to spread my entry along time and different strikes as well. I'll monitor overall portfolio Delta, Theta, Gamma, and Vega too.

I am a newbies in option trading. I started about a year ago but became serious about 5 months ago. I started out another jornal on XEO here http://www.elitetrader.com/vb/showthread.php?s=&threadid=55761&perpage=6&pagenumber=1 and decide not to focus mainly on XEO anymore...

After 3 months, I felt that due to my capital size limitation which dictacte my position sizing, I can take on only 1 or 2 contracts maximum on OEX. I also limitted my total loss for $3000 before getting out of option trading. So far, I losted less than $500 on this OEX but make some money on...

At the end I had one 550 put left. I paid $2.70 so it was total lost. The profit from the call side was $0.90. The profitt I got earlier from long put spread was pretty much even out with the lost on the short call spread. So this Nov exp month, my lost is $2.70 - $0.90 on one contract...

OEX does not drop more and I have no patient to hold my long put over the weekend. I sold Dec 565 put for $3.1 So for this calendar, I made $1.25 from Short Nov 565 put and loss $2.1 from long DEC 565 put. The loss on this is $2.1-$1.25 = $0.85 + commissions.

11/18/05 Wow! I woke up and saw the OEX around 574. I bought back Nov 565 put for 5 cent and did not know quite what to do next. If I sell put at 570 when index was around 574, it was too risky. I decide to wait out. Now, it is around 571. :-) Let's see if it drops more.

Andy, I spread the use of credit over time and strike as well. I noticed that my profits drops as well as my loss and my stress. When there was time to roll, I did not have time to roll everything. I missed the move too. For example, I put on only 3 contracts of DEC 1125-1135 and before...

Congratulations!

Mo, First, thanks for those questions. I could use help. I forgot to mention that I opened this position when the index was about 568. I was thinking that the index might move down near 565. I can profit from both time decay or the move down in price. Actually, I don't have my...

11/04/05 I decide to practice +vega, +theta this Dec expiration month so here is the calendar spread. Open December position with calendar spread. I started with Nov/Dec 565 put spread. I started with OEX because it has weekly. BTO Dec 565 $5.2 STO Nov 565 $1.30 Total debit...

11/14/05 The index seems to stall. I decide to close 575 call which was bought for 75 cent. I sold that at $1.65 to make $.90 profit. However, I'm probably going to loose on the put side which was paid for $2.70. Now my position has 550 Oct put.

I trade this for lurning curve and set my loss limit for $3000 which is a fee many option education seminar company charge. I consider $3000 as my tuituion fees. I chose XEO because it is about half size of SPX and electronically traded. Since I practice my trade near the money, SPX is just...

I did not get good fill near the mid and decide to practice legging out. I set my mental limit to say that if it worst than mid price by 30 cent, I'll accept the situation. This time, I beat the mid price by about 30 cents. It's probably won't be my overall strategy. I have day job so I...

Coach, What do you think about starting this in a new forum just for discussing about CEF ? I think we can all help do the research and post our favourite funds. That might make it easier to follow and won't clutter this forum. Nick

Coach, is there reason why would not you bugy 20 SPX 1270 instead ? It seems to be cheaper than 200 SPY. Thanks, -Nick

11/08/25 I was so happy to see OEX around 561 in the morning with Toll Brothers not so good news. However, XEO managed to climb back to 563. This is not good for me. I won't fight any more. My total Theta (40) was too high. I legged out the 550/560 call. I bought back 560 first for...

I hate this market condition. I've been waiting for market to move up sharply or go down so I can do something. It's been like this since Friday. I'm telling myself, be patience till tomorrow. In the meantime, my negative theta on the put side is killing me.

Thanks! I read some of your post on Coach Phils's trade also.

11/02/05 Bought back 550 put for 2.7 (sold for 5.7), Sell 530 put for 0.55 (bought for 3.7). Buy one extra 550 put for 2.7. My position is +550 put, -550, +560 call. I spent $5.4-0.55=$4.85 today but collected credit $8.1 on the put side and $4.5 on call side. Total credit is...

Oops! I forgot to mention the expiration date: This is a diag calendar spread. Buy 1180 Nov put $10.2 Sell 1175 Nov weekly put $2.3 My rational is to used this as a hedge and still has good +theta. Detal -13.02 gamma -0.32 theta 19.14 vega 56.38