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i always marvel that death/death of loved ones isn't a more common answer to this question. the span of our lives is a rounding error in a number that stretches to infinity.

i was thinking the same- re: busted trades. i imagine some of the trades i've watched has been people trying to take advantage of the mess- gotta think all those are going to get busted. this has totally screwed me too- lot of my underlyings were up >a buck and are now unch or worse= those...

not just ib, it's everywhere (well, all 3 brokerages i have accounts with). looks like the b/a are f-ed up on the boston, which is messing up all the composite quotes. seems to have caused the spreads on all the other exchanges to go up. the thing that i don't get is who is doing all the volume...

is it just me being a skeptic, or is ET shill central. (rhetorical) amazing- 1 post to his name and, shock... it's about a brokerage. this is a bit off topic, but not too much- where would one look for non-shill legit critique of ToS vs tradestation vs IB? i've read several threads here...

not sure where the above mentioned 73 matters- it spiked there in late feb but always closed below 72. the action is all @ 72. so far, every time it gets there, selling comes in like a f-ing hammer. to me, this is a classic straddle type play. if it breaks thru 72, should bolt to 75 in short...

classic.

though not to the extreme of superfund, marketing and networking are far more important than results in the retail business. the key skill set needed to be a successful RIA or broker is sales ability. very low correlation between money management skills/results and income. a friend of mine...

no, that wasn't really the question. the angle i was coming from is that we all know that if you're simply buying otm calls & puts on a wing and a prayer (or t/a!), sure, the price paid for the contract should correlate to the r/r- but the net-net of this r/r scenario is that something like...

When i'm looking @ the various wingspan possibilities (condor vs butterfly vs albatross) i find myself just kind of intuitively (rightly or wrongly) being drawn to one when i look @ the options chain amd greeks (granted, @ a rudimentary level). what i am wondering is whether there is a more...

i'm just trying to learn here, so this is more a question than a suggestion (since i'm in NO position to suggest anything as a newb). would it make any sense to increase the ratio by selling the 155 puts, for example (or even the 150 puts); since they'll depreciate @ a higher % than the 160...

kind of an epilogue... i spent the entire weekend reading- it's embarrassing how little i knew/know! not that a weekend of reading cured my options trading newbitus- but i have taken one step above being completely option clueless. what's funny is that my 'idea' above turns out to have...

what i'm looking for is a calculation that factors in all 4 positions for break even and max loss (max gain too, i guess). thinkorswim's commish are so high i've never really looked @ them. $2.95 per or $1o + 1.50 per is brutal.

thank you!

sorry for what is probably a very basic question (my brain hasn't been used for much mathematics since roughly 1985). what is the equation for calculating my maximum loss in any long/short strangle scenario? an example: short 45 puts short 55 calls long 35 puts long 65 calls...

wow, hate to admit that i have no idea what you guys are talking about!

i guess (being a newb to option trading) i just gravitated to the stocks that look like the 'good old days" without knowing it. actually, it's not like i started thinking about this because i had insight- more a case of having a 5,6,7% move in the stock and still getting killed by the IV dump a...

let me know if i am understanding you correctly: are you essentially saying that you support my short strangle (or straddle) premise if it is protected from catastrophe by a well OTM long strangle (ie: ~15 delta)? (sorry- being such a newb, i don't know which winged insect/animal this is...

actually, your mention of MSFT favours my premise. the IV going into the report was 16%, not the 70%+ required- polar opposite. combine the IV with the $2 move MSFT made on the last release and the IV was way too low (and well below the past 20-25% norm for MSFT going into earnings). to my...

actually haven't read that thread. i've seen it referenced so often in other threads that it's on my weekend read list. thanks for the book list. Natenburg is already my 2nd book, but Taleb was not on my list- now it is.

just to be safe, i'm going the protective put route and wearing a condom while reading this thread.