Search results

Today's Action BTC 4 DELL APR 30p @ 0.40 Year to Date P/L Account Value: $10,884.50 YTD Gross P/L: 1,030.00 YTD Commiss: 145.50 YTD Net P/L: 884.50 YTD % P/L: 8.8% Couldn't get filled on the SPX spread, so we'll see what happens tomorrow.

I'll tell you what. I can't get filled to save my life today.:mad: I was very comfortable with the dip around 3:00. I was even giving up 0.15 but still no takers.

This is why I prefer the shorter term trades. I feel I can be more accurate this way when it comes to directional forecasting. This is also why I generally don't open both legs of an IC at the same time (negative expectancy). I prefer to time my entry into one leg and rely on my ability to...

agreed:)

Don't judge so quickly, you might change your mind after reading my opinion above. LOL:D

In a nutshell, most people that I talk to would rather open a vertical or IC with about 6 weeks to expiry. I would rather open them immediately after the previous expiry if possible. This puts me 4-5 weeks from expiry. They argue that you get a better premium if expiry is a bit further...

This is the first week after previous expiry we are in one of the 5 week months. That is why I am still considering trading it. I will admit though, that I have a little bit different opinion than many people on ET about how far from expiry to open a position. [edit] Also, I don't trade...

Decided to go ahead and buy back the DELL APR 30 shorts because I have made most of the profits really quick on this one. I think I can better utilize the money if I free up the margin. I'm leaving the longs because they aren't too far OTM and any correction will let me make back some money on...

Judging by today's reaction to some relatively weak news, it appears that I might have been wrong about the market already pricing in additional rate hikes. If all it take to get the market moving down is a good housing number and a slightly lower initial claims number, the market may have...

This one has been a hard one to forecast because of the uncertainty about the fed policy. I'm getting the feeling that a couple more interest rate hikes have already been priced into the market. If the fed stops raising rates though, we will see a really fast move upwards.

Well, we bounced hard off of the 1295 mark on the SPX. I'll be looking to get in on some bull puts with any decent move down.

Something didn't seem quite right to me and as I was going through this again I realized that I had made a BIG mistake when analyzing this trade. A run like the one in OCT-NOV would have resulted in a LARGE loss if held to expiry. My dates were off on the IV. The run resulted in a drop of...

It should also be mentioned when doing a ratio diagonal like this on the call side, that historically when an index like SPX or OEX makes a bullish run, the IV on the calls drops, thus worstening an already bad situation. When the index falls fast there is usually a steep increase in IV. This...

Sorry, I wasn't thinking when I typed that up really quick. I meant to say IV increase. I'd assumed he was talking about a "ratioed calendar diagonal" in which he was selling a smaller number of front month options at a closer strike, and a larger number of back month options at a more...

I think people are getting the issue of liability backwards. If you form a limited liability entity, a personal (unrelated to the business) lawsuit can still go after your share of the company. But a business related lawsuit cannot go after your personal belongings. On the other hand, if...

It's not an issue of selling more contracts than are being bought. The opposite is the case. Buying more contracts than you are selling presents a more favorable situation. Much more limited risk with at least a chance for very high profits. Since this is a hot topic (ratioed diagonal...

That is a consideration, especially when dealing with an account that is significantly larger than the hypothetical $10,00 account on this journal.

That's where I was making the mistake. Thanks. I was also doing an analysis on this position if there were to be another run like there was in OCT last year. You would be at about 620-630 at APR expiry. With all things held constant, it would then be a losing position. But the big run in...

According to my analysis you start to lose money if OEX passes 610 with less than a week to APR expiry. Is that what you are thinking. If so, how do you plan on adjusting for this?

Maybe because a big fast move down is more probable than a big fast move up?