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Why did OIH straddle dropped ? Was it because of vol dropped or theta ? Same questions go for ACL. For ACL, I thought the vol will keep increasing because of earning. Thanks Nick

01/19/06 Sell AAPL Feb 80/75 put spread for -2.8/1.1 = $1.7 credit 01/31/06 Sell AAPL Feb 75 put $2.1, profit $100 Now I'm naked Feb 80 put AAPL. 2/1/06 10:37:13 SOLD -1 VERTICAL VLO 100 FEB 06 57.5/55 PUT @.35 Reason: VLO dropped about $2 to $61.08 2/1/06 12:25:18 SOLD -1...

I found that it is difficult to keep track of these trades I made so I created spread sheet instead. Also, instead of reporting total P&L each expiration, I'll put it in at the end of the month. Here is the summary Start Dec/05 -300 from lost in OEX 121/05-12/31/05 profit $1015. So...

Results of 01/20/06 expiration: These stuff expire worthless (-put = credit put spread) Cop 75 call -$60 XOM 65 call -$100 SPX 1175/1165 -put $45 spy 123/121 -put n/a spy 125/123 -put n/a spy 125/124 -put $20 vlo 2X 50/47.5 -put $100 brcm 47.5/45 -put $85 aapl 70/67.5 -put...

I just glanced at this forum today and found that we got the same spread. I sold mine for $0.55 though. I put on the order and walked out for lunch. Here is mine: SOLD -1 VERTICAL SPX 100 FEB 06 1325/1340 CALL @.55, SPX MARK 1283.72 It was executed at 3:12 PM. (CST)

I was very busy from work and did not have time to post. I haven't even tallied the result of last expiration yet. Here is the trade I made this week. 01/23/05 BOT +1 DIAGONAL SPY 100 MAR 06/FEB 06 124/125 PUT @.50 ISE, SPY MARK 126.77 Reason: SPY dropped. 01/24/05 SOLD -1...

Coach, When you go props, I assume you'll trade as B/D. Then you have to buy at ask and sell at bid. How would you deal with that on your current strategy where you can sell near the middle ? I think I might have misunderstand something here. Thanks,

Sold GOOG Mar 460/Feb 490 Call spread for $8.9. Goog was about $422 which is below my stop loss $430. I should have bought this back earlier but was busy with work and can't monitor the market. I loss on this trade $19.3 - $8.9 = $10.4 -> $1040. This pretty much wipe out all the profits I...

This GOOG is really a fiasco for me. Today news about investigation caused the stock to drop more to about $435. I decide to get out of the Feb vertical spread. Bought back Feb 410/400 put for $3.05. Overall, the profit of goog Feb spread I had earlier is washed out with this buy back...

SOLD -1 VERTICAL AMD 100 FEB 06 35/32.5 PUT @.55 CBOE, AMD MARK 37.28 I sold this after the earning results which put the stock up $3.87.

Do you have to pass an exam or certification to join the firm ? Would you have BD when you become a member ? If you have BD status, when you trade, do you buy at the ask and sell at the bid ? Thanks,

Bought to close AAPL Jan 80 put for $0.55. Previously, I sold AAPL JAN 75/80 put for $0.75. Because of the forecast, the stock dropped below $80 in after hours trading yesterday. I knew that I had to get up in the morning. I sat my alarm clock 6:30 am, and watched appl price action...

March 460C loss value $1180 Feb 490C loss value $630 total paper loss $550.

Donna, Thanks! Before I get into trading I was an avid snowboarder. Someone rear-ended my car and caused disc herniation. I'm not supposed to ski any longer and had to find something else to do. Somehow, for me, trading is similar to skiing. Both get me hooked. I guess I can enjoy...

Thanks! Lesson learned : 1. Don't fool around with earning 2. Do take post earning into forecasting of vols as well. What is 700bp ? Does it translate to 7% vol decrease ? Did I do the right thing by taking advantage of call skew by selling Feb 490C ? If I want to take advantage...

SPX dropped 9 points and VIX was 12.60 (+.59). It's a good day to roll the calendar. I rolled the calendar Jan/Mar 126 put to be Feb/Mar 126. Sold SPY calendar Jan/Feb 126 put for $0.80 to create Feb/Mar 126 put calendar. The current market price is $0.80 debit. I paid Jan/Mar for $1.30...

Scheiße ! Goog is now $450.5 I knew that yahoo has an earning report today but expect it to be neutral. I was wrong. Yahoo dropped the ball on the earning and dragged GOOG down to. I created the diag spread when goog was around $466. Now at around $450, I priced it using TOS...

SOLD -1 VERTICAL HPQ 100 FEB 06 30/27.5 PUT @.45 CBOE, HPQ MARK 31.33 Reason: HP dropped today and Pyramidding. I planned to sell 2 contracts. I sold one contract last week and sold more contract to spread my risk by not executing both of them at the same time. For HPQ, I sold 2 FEB 06...

Thanks Mo!. I might make less than last month because I traded more stocks than options this month. I'm waiting for new virtual trade feature of TOS. That should let me report all the positions easier.

SOLD -1 STJ 100 APR 06 50 CALL @5.80 CBOE, STJ MARK 53.85 Reason: STJ took a pause and I decide to hold on to profit. If the market overall drops and STJ follows, I might be able to trade it again. This one was bought for $4. So, profit $180. Overall Profit $535 + $180 = $715