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What is "RC" ? Can you point me to the trade ? Thx,

Here is my short calendar candidate. I appreciate any feedback. TASR: buy Mar straddle and Sell Sep straddle. I assume 15 cents slippage from b/a on the spread as worstcase. Total slippage to open and close the short calendar might be about 30 cents. Buy Mar strike $10 straddle 1.80...

Another quote from Maverick. "I prefer to be long the front month and short back month when premium is very high to catch the premium implosion." This is the strategy I'm pursuing for earning release. He recommended doing this one day before earning and close it out next day.

I read everything on the weekend whenever I had time. Thanks a lot for the link. There are tons of valuable information there. I'll start looking for short calendar candidate and do the paper trade first.

That's right. It's not a big deal in term of max lost. However, if I do this IB at the beggining, the max lost could have been less. This adjustment gave me negative expectancy. If I do this for 10 contracts, I won't feel comfortable at all. -Nick

This morning: Sold Mar GM 20/22.5 Put for $0.70 GM was around 22.6. It seems to come up quite a bit against by view. Total credit $1.70 on GM iron-fly 20/22.5/25. Update: I just looked at the end of day quote. GM dropped back to $21.92. Yike!

BOT +1 AMD 100 FEB 06 40 PUT @.10, AMD MARK 40.90 Made about $35 on this one. I decided to set buy limit for 10 cent to avoid any trouble. SOLD -1 AAPL 100 MAR 06 80 CALL @.55, AAPL MARK 70.56 I was assigned aapl and decide to keep it. My price after premium was around $78.20. I...

For Feb, I had 1195/1210P 1190/1205P, 1325/1340C for total of 8 contracts. All of them expire worthless. The average credit I got for them was $0.50/contract.

Thanks! I have no idea that the stock price has tanked that much and recovered. I guess your short puts are fine too.

I know that there is rumor on Dell using AMD chip. However, if Dell does not announce that, it should not effect AMD. If they announce, it should shoot AMD up. Can you elaborate what could Dell's announcement effect AMD in a negative way ? Thanks,

Donna, You seems to make good call on the timing. I was thinking about putting DIA call credit 111/112. What does your crystal ball say ?

BOT +1 HPQ 100 MAR 06 30 PUT @.10, HPQ MARK 34.09 HPQ went up on earning report. Profit $35 on this trade. I still have mar $27.5 put left. This is not a good trade though. I did not check if there is earning report but was lucky that HPQ did not tank after earning report. BOT +2...

OIH: Close 145/150 call spread for $15 profit. Open 135/140 call spread for $2. OIH was $133. Now I have OIH Iron Fly 130/135/140 for $3.05 credit plus some profits from rolling down call spread twice. This trade does not look good to me at all unless OIH stays around $135.

09:17:55 -0600 (CST) SOLD -2 VERTICAL SPX 100 MAR 06 1325/1335 CALL @.65 CBOE, SPX MARK 1279.17 This is a new position on SPX I had VLO FEB 55/57.5 and was assigned. I stupidly sold this one for credit of only $0.35. SOLD -100 VLO @50.91, VLO MARK 50.92 SOLD -1 VLO 100 FEB 06 55...

How about VVR (Van Kampen Senior Income Trust) ? It has 7% yeild and can go up with FED rates. It's not diversified though.

Yes. I waited until tyc has earning release so I hope it would stay quiet for a while.

Thanks for pointing it out. It's Iron-fly.

SOLD -1 VERTICAL TYC 100 MAR 06 25/22.5 PUT @.35 ISE, TYC MARK 25.32 Now TYC is IC 22.5/25/27.5 for $1 credit.

OIH Previous position Mar IC 130/135 150/155 Sell Fly 145/150/155 to roll down to Mar 130/135 145/150. I got small profit from the roll down. SOLD -1 VERTICAL HPQ 100 MAR 06 30/27.5 PUT @.40 ISE, HPQ MARK 31.78 Current Positions: OIH Mar IC 130/135 145/150. VLO Feb 55/57.5 put...

I am following your MRVL on IRA paper money with 50/65/80 IC for $8.35 credit. Also, OIH 110/140/170 IC for $12.60 IV 110P 46.80%, 140P 39.81%, 140C 39.54%, 170C 38.01%.