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iceman, it was nice. All the best to you too.

HD, all of these helps. I just reviewed XOE once more and I think that has better potential for non-directional trading. But I have to say that I would rather trade corrections than convert ICs position, judging just by my experience with indices. They rarely move fast, do they ? You...

Mav, maybe you will get more luck because I usually don`t find good trades held for 2-3 days only. It would be great trades, but hard to find. While Qs are on the upside now, even covered calls on support levels might be good idea. I would place a stop 2 strikes below. Obviously I would use...

HD, looks like XOE is better vehicle for range trading than Qs, but for me whole thing is how to defend your position. I know that you convert them, but do you find this strategy enough efficient ? And what happens if the market turns around after converting and going back ? The basket of...

HD, congratulations on your November performance. In Qs I had double bfly consisted of two 35/36 bflies: 1. 34/36/68 2. 33/35/37 I adjusted them twice through the life of option, so bfly #2 was free trade at last, but #1 was losing. This shows that your strategy has larger profit...

HD, as you know, I use dual bflies for trading Qs. While the market dipped right before expiration, my profit this month was only 1,5%. While I know you use similar technique but trading iron condors on XOE, may I ask how was your last month (nov) ? Obviously I do not ask for numbers but...

Mav, I was just exactly wondering whether such spread would give some other opportunities in case of flat/losing one day trade. Also long side works well for indices, thanks. While there are no secrets for you, maybe you may recommend some news service ? These things were never my...

Doubter, although working with a lot of news gets me back to the place where I was at the beginning, I understand that approach with calendars is completely different. So, you have held them for longer ? How long and how was it ?

Doubter, so you would trade calendars only if vola skewness is significant ? Also, would you trade in longer time perspective ? (Maverick says he opens them for a day).

Mav, would you find KKD as a good candidate for today`s session ? If yes, let`s see what will happen.

Mav, I can see that your have mastered your technique through the time. So the devil is in details. I don`t know exactly how come mrvl vol went up so much, so there might be some other event the public is waiting for. Also - have you ever tried to trade this in longer time perspective ? The...

OOOps, just recalculated: the loss is $80 (0.8 point), sorry.

Mav, Thank you again for the detailed explanation. let`s make MRVL - high volatility (one of the top on IVolatility list) on Tuesday had third quarter fiscal results released on Wednesday. Following are quotes (bid/ask) on Tuesday close: Call Nov40 - 275/295 Put Nov40 - 40/55 Call...

Mav, thank you for the explanation. I have been too long in this biz to expect too much from the market. Actually if I collect too high profits I usually becomes suspicious and check it for errors. I am asking such question because I was just comparing high vola stocks vs. results on the...

Mav, After doing some researches I come to the point which is basic crossroads for us: do you trade on the floor ? Otherwise holding such position (short calendar) for a day will not give you enough room to pay for the spread.

Mav, I was thinking about IVolatility and CoveredCalls, thanks. But for certain scanning I already have some codes working on TS. Then the question comes how many of them to follow and I am little reserved about following these softs downloading myriad of bytes of data every night. After...

Mav, thanks for the explanation. It clears everything. I actually have tried to fade such moves by using backspreads in the beginning, but recently switching into vertical/horizontal spreads. Your technique is more sophisticated. The biggest issue concerning such moves for me was always...

Mav, I was mostly talking about short calendars, but additionally referring to few others. But let`s use it as an example: how do you get unlimited profit potential trading calendar shorts ? If you scalp gamma to rent vega for free (as you wrote) you fade the moves by trading against the...

Mav, As I said before, in previous trader`s life I was a system trader thus diversification was a matter of life and death to me for loooong time. That`s why I asked about statistical accuracy of your breakout strategies, because my experience showed that most of them present many great...

HD, Mav, first, I have to say that it is nice to see two good traders like you guys, discussing basic issues. I think either of you present different trader`s personality, but both of you show very high level of knowledge in subject of, so called, option trading. While my trading style is...