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BOT +4 VERTICAL SPX 100 FEB 06 1205/1190 PUT @.10 CBOE, SPX MARK 1264.31 Closed the position. I'll post the profit on this one later. BOT +2 CALENDAR SPY 100 JUN 06/MAR 06 125 PUT @1.50 ISE, SPY MARK 126.50

BOT +1 AMD 100 FEB 06 35 PUT @.10, AMD MARK 39.79 SOLD -1 CALENDAR SPY 100 MAR 06/FEB 06 129 CALL @.65, SPY MARK 126.19 Roll diag to next month credit call spread 129/130 instead. BOT +1 CALENDAR SPY 100 JUN 06/MAR 06 124 PUT @1.50 ISE, SPY MARK 126.15 Multimonth calendar. Sold OIH...

Donna, It looks to me like you sold 2 synthetic puts instead of 1 straddle. Was that your intention ? -N

Yes coach. I'm glad to hear "Excellent" from riskarb. Actually, I did not think about tax deferred at all. Thanks for pointing that out. I just want to get around the restriction of IRA. My non IRA account does not have much money to trade. This trade made me realize that I really need...

Mo, I'm afraid I don't make myself clear. Let's see if Donna want to jump in. Here is my example xyz at 200, sell IB 150/200/250 Wait till IV come down or decay kicking in as Riskarb said. Now convert to narrow fly. 190/200/210. My concern is to overpaid for $150 put and...

Suppose I implement Riskarb strategy in IRA. I will need to create Iron butterfly instead. Assume that I use very wide wings first, wait until vol collapse, and buy closer wing later. Would this work out almost the same ? My limit understaning of greeks told me that the wing price itself...

Trouble, trouble, trouble. It looks like I'm in trouble with couple positions. Here is my VLO Feb put 55/57.5 Sold for $.35, now it is $1.25 Mistake: I broke the rule by selling VLO on 2/1/06 when there was only 16 days left before expiration. Also, I took premium less than my usual...

SOLD -1 IRON CONDOR SPY 100 MAR 06 128/129/122/121 CALL/PUT @.50, SPY MARK 126.00 SPY Summary IB +1 Feb 122 P +1 Feb 123 P +1 Feb 124 P -1 Feb 127 P TOS +1 Feb 124 P -2 Feb 125 P -1 Feb 129 C +1 Mar 120 P -1 Mar 122 P +1 Mar 124 P -1 Mar 128 C +2 Mar 130C Total Greeks...

Sold 1 contract GM Mar 22.5/25 call for $1.0. This is ATM sell and GM was around $22.75. Reason: Bearish on GM and I've been waiting for it to climb up for a while. This should hedge my portfolio with other put credit spread as well.

Sell OIH Mar 130/125 put $1.05. OIH was down about -7 points when I sold but now it is about -9 points. This is my first leg and looking for selling call credit later.

BOT +1 VERTICAL TSO 100 FEB 06 70/75 CALL @.20, TSO MARK 63.39 I sold this spread for $1.40 and bought back today for $0.20. I made $120 on this one but I had my hedge long TSO 30 shares with paper lost $180. I am waiting for TSO to bounce back to sell call spread again in couple days.

Thanks for pointing that out. You are right! The March 50 or 52.50 has good premium and there is good support around 52.50 and even stronger one on 50. This one fits my trading style too. I'm looking forward to trade it soon. Today I am trying to get either OIH or THE filled. My OIH...

Thanks! I traded crdn a lot last year but decided to stop when the previous CEO retired. It seems to come back strong. The business week investor service rated this stock well in both fundamental and technical signal. I would wait for the stock to pull back to trade. If I have to trade...

For index, they suggested SPY instead of SPX and recommend IC. After so many positions mingle together, you look at total greeks instead. Then you hedge you delta risk by reducing it to your own comfortable level. The key thing is to keep generating Theta and hedge your portfolio. If there...

BOT +1 VERTICAL VLO 100 FEB 06 52.5/50 PUT @.10 ISE, VLO MARK 59.34 This was sold for $0.55 about a month ago so I booked $45 profit. SOLD -1 VERTICAL VLO 100 MAR 06 55/52.5 PUT @.55 ISE, VLO MARK 59.51

Cache, Actually, what TOS recommend is not to have 50 positions (stocks). They recommended using indexes. Each 2.5% a trade could be use on the same index so you can have 30% in SPY but you don't put on 30% of that on the same day. You use 2.5% each time you make a trade. They suggest...

02/03/06 SOLD -1 IRON CONDOR SPY 100 MAR 06 129/130/121/120 CALL/PUT @.45, SPY MARK 127.12 I'm more concern on downside rather than upside for this IC. SOLD -1 VERTICAL TYC 100 MAR 06 25/27.5 CALL @.65, TYC MARK 25.03 TYC just had earning release and it was not good. I waited a...

I trade one or two contracts almost every day. I don't pay $2.95 per contract. You can email support there and ask for comissions reduction. Don't tell them I told you.

Mo, Thanks for your kind words. I need to make my p&l graph smooth. Since yesterday and today (2/2/06 - 2/3/06), I tried to place order to sell SPX put spread due to big drops (more than 10 points) on IB but had no luck getting filled. I was shooting for 1180/1190 or 1185/1195 put...