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thanks a lot, gary! i may try this sometime. hadn't thought of using bollinger bands to get the timing right...but in this strategy, you are probably buying near term options with close expiration dates, right? and do you buy in the money options? or out of the money options?

trying to learn eminis (thus my presence here), but don't think i'll be good enough at it to do many contracts for awhile. would have to get a consistent win rate of at least 80% before i would feel comfortable doing more than dipping toes in the water....

yes, i too did more options in the past than i do now, due to pitfalls. i place directional bets, and i know that high volatility makes the option more exxpensive, so on some stocks i would never end up buying the option b/c the premium is too high. i mainly concentrate on stocks now, but i...

what's ToS?

amen, billy....

romik, first of all, i would like to wish you and your loved one the best. i think i speak for more than me when i say our thoughts and prayers are with you. bill p, second of all, to you (and gary) i would say i couldn't agree more with your statement of this being a great thread...

good call....

i agree. my target date for mkt drop was october. bought them for december so that the time premium wouldn't erode too badly before i had a chance to sell.

my puts expire in december. wanted to give myself plenty of time....

wtg, tg! :)

wtg, romik! :)

awesome. thanks for answering. maybe i'll check you guys out on the other thread as well. i could certainly stand to learn a thing or two about options. i read a book on them, have traded them myself, but still don't consider myself very good at it, especially when it comes to the more...

gary, are you going to tell us what all these options are that you're loading up on, or is that too personal? don't answer if it is, don't want to dig too deep, just wondering if it's put or call (which way you're betting) and if it's stock or index, like s&p. i have done a lot of options...

i too am on the sidelines and i agree with your assessment of a market top, although i am keeping an open mind.... you know, with all my dot dot dots, i just realized that the guy who said tq spooz etc are all the same person may think i'm in that bunch too! now THAT'S really funny.... :p

:)

merci boucoup....:)

i was stopping at prior resistance level, usually within a point of where i entered. this strategy only works if you time it right...yeah, i realize you have to have a high win rate, but to me it's easier to win when you're only going for a point than if you hold out for 2 or more. also, if...

okay, you made me laugh so maybe i'll forgive you....

wtg, dude. i hope i get to 90% soon....

glad you asked. today, after fomc, i figured the market would move up or down dramatically. so i watched the 2 minute chart and noticed a downward pattern. it would go down, then backtrack, then go down some more. my strategy was to catch it on the backtrack moves, then follow it down for a...