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amen...you should be making $$$ hand over fist today:p

ChrisM and KTM one thing I've noticed is during op ex week and just prior an increase in vol's...do you all believe once these eom options take off we will see and increase in vols for a longer period of time (like the last two weeks of the month)?

wow...just took a look at the 10day overbought/oversold oscillators:eek: we haven't seen this deep a low on NDX since 9/11 and hugh dip on NYSE to boot. It is often said that a sharp move with volatility and volume is a change in either direction or rotation. Given the economy is still quite...

thanks RD I don't think I've seen a long term chart of the vix (2+) yrs...in retrospect its easy to see why fotm worked so well in 05...vix was really quite contained and although "they" don't recommend selling premium during low vix periods fotm CS's are certainly fairly good to do.

I'm sorry but that is really one ugly dress......

I'm sorry but I just totally DON'T believe that. Its as if we are watching the gladiators with the thumbs up or down. No one is stupid enough to lose 10mil. 1 mil yessss but 10...noooooo

Yes I do "believe" I have overall done better legging into spreads...but since I don't know what I would have received had I not legged in I can't do a side by side comparison. I know RD did better than I on June call spread by .10 but lets face it a nickel or dime happens to all of us...

One thought about today's activity...twice mkt rallied only to be sold. Could it be ppl who have lost a ton on the emerging markets/commodities are having to cash in on the US market (which has lagged) to pay off?

"I have a net worth of 187 mil but its NOT mine but my clients":confused: sooooo your clients money is your personal piggy bank:eek: recently a couple of hedge fund managers have gotten life in prison for that type of activity...good luck

What a nutty day:eek: I guess I will update my June position in the FWIW category or how to turn a perfectly wonderful position into a mess:p 5/10 BTO 1 (lot) June 1250 P debt@2.60 BTO 1 (lot) June 1245 P debt@ 2.50 had I held...woo hoo...but nooooooooo 5/11 STO 2(lots) June 1245...

oex just turned positive:)

ok this has become boring...its PERMISSION not POSITION and even if english is not your first language you did change the terms of the challenge very early in the game...over

Thanks for the heads up...how will they KNOW the trader is an active options trader? and do you have a link to the SEC complaint department?

Eliot although I'm a new comer to this forum I have to say your question is THE question we all have.... (at least those of us who have money to preserve:p ) For several years I was reasonably successful with just a covered call strategy then last year after the very ugly 1st quarter and I found...

would you BELIEVE anyone that said they are successful at trading options (enough to live on "covering the nut..so to speak) and didn't work for a trading firm/on the floor/no mentor/ spent less than $500 on books and seminars)?

Well I won't quibble with $3000 but $30,000:eek: :eek: :eek: Honestly I have enjoyed the TOS seminar's I've gone to and the $199 trade n learn and can understand the "feel good" nature of seminars and how you could get hooked on them. But NONE of them have made me a "better" trader...

Lasic is awesome and absolutely works for astigmatism..I've had it done. However you can get what you pay for at a Lasic "mill" Even though its more its worth going to a Dr that really knows what they are doing and paying more.

I did listen to the last free webcase....worth every penny:D I did buy Nov 42.5 HD...calls...am planning to sell the near term month sometime next week. I do think(hope?) for a bounce. I have to think there will be some kind of bounce. I also bought a call vertical on the NDX late in the day.

If I can butt in...One thing I'm learning about calendars is there is no rule that says you HAVE to hold on to the bitter end. I had a couple of put cal's that have done well and I decided today the the underlying just might start coming back and while there was a lot of volatility out there I...

pattersb to answer your original question..irregardless of the stock...a spread is always a good option. If you are bullish on a stock and the sky is the limit then straight calls are fine but most of the time you guys that are good at TA can pick a target so in that case a spread would work...