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  1. W

    What's the best indicator?

    Or, 1). Pick a higher priced stock that has at least a 1 point daily range. 2). Buy it at 1/2 point below yesterdays close 3). Wait 1/2 hour - if stock is 1/4 or more below your buy point - sell. If not ... 4). Set stop at 1/2 below stock close. Move your stop up in 1/4 point increments...
  2. W

    iceman's options trading journal

    I have been reading your journal with interest. Thank you for the above posts. I believe you have a good handle on many of the psychological aspects of trading. Two questions. 1) Can you give us any insight on how you select the underlying stocks for your option trades, and, 2) will...
  3. W

    Anyone in Nebraska?

    what is Track and trade - do you meet at a runza here?
  4. W

    Anyone in Nebraska?

    I live in Omaha - do not know if I can help w system testing but am willing to try. On separate note - anybody in Omaha interested in sharing office expense to get out of House? I am retired, spend about 1/2 of my time trading and would like to have an outside office where I could be...
  5. W

    Jokes

    The test I was a very happy person. My wonderful girlfriend and I had been dating for over a year, and so we decided to get married. There was only one little thing bothering me...It was her beautiful younger sister. My prospective sister-in-law was twenty-two, wore very tight miniskirts...
  6. W

    iceman's options trading journal

    how do you buy options in an IRA?
  7. W

    New CNBC Format - Big Mistake

    Bring back (Jane) Wells --- The only thing that will save them !!! I forgot her first name - but you cannot forget her.
  8. W

    Jokes

    Three women, a redhead, a brunette and a blond were being chased by a guy. They turned into an alley. The guy went into the alley after them and all he saw was three burlap bags that were wiggling. so he decided to kick one of the bags. "Meow" said the bag. The guy said 'just a bag full...
  9. W

    iceman's options trading journal

    [/B] Iceman - I have been reading your journal with interest. Sometimes I think your 'legging' into partial hedges seem to contradict your primary expectation for the underlying. Also, some of your trades seem to contradict the above quote. Do you have a spreadsheet or a listing of...
  10. W

    Expirationless options

    Maybe it is true. Some time ago Thorpe (The guy that wrote 'Beat the Dealer') wrote a paper on warrant pricing where the warrant had a very long term left to expiration. I believe he postulated a formula for calculating the value of the warrant that was not too far off the Black-Scholes...
  11. W

    Expirationless options

    Shades of the 20's. Looking for a way to margin at more than 50%? - this looks like it fits. When does this exchange start? Looks like a serious challenge to 'traditional' options, especially those on low priced stocks. The calculator works great -- if you want to use the built in...
  12. W

    My Options Play

    Sorry, I kept looking at Dec options. The Jan COP put is 1.70 ITM so the 1.00 premium you got on the sale of the Jan 60 put looks about right.
  13. W

    My Options Play

    Here are the Jan COP option closing bid/asks ( attached word.doc) Seem to be priced right
  14. W

    My Options Play

    There is no COPML symbol -- see attached word.doc for list of COP options. Do no understand your Q.
  15. W

    My Options Play

    OK -- I am out of sbux dec 32 1/2 puts with a .16 loss. In retrospect - this was a stupid trade. I let my bias ( I hate this stock) get in the way of my judgement.
  16. W

    My Options Play

    No - I bought them - I would never sell options with no premium. You talked about pin at strike of 32 1/2 -- why not a pin at 30????
  17. W

    My Options Play

  18. W

    My Options Play

    Call me Crazy. I did it - I bot Sbux Dec 32 1/2 Puts at .93. Stock at 31.60) Guess I think thet SBUX looks a little overbot here. Since it is a two day trade, I will exit if it starts to move outside of todays high.
  19. W

    My Options Play

    Iceman -- I do not think this thread is dead. I am probability one of many lurkers who read and learn but do not post often. I really want to buy SBUX Dec 32 1/2 puts here for a two day trade ( 31.60 puts are .90 bid and 1.00 offered). No guts. Is there any greek that calculates the...
  20. W

    Luck in Options Trading!

    Skill, luck and guts! I guess I have no guts. I really thought the SBUX was going to go to 29.50-29.75 range. I saw the SBUX volume start to increase as the stock traded between 30.50-30.60 this morning so I sold the put side of my straddle ( I usually do not keep the other side on) for...
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