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  1. M

    Best Option Spread Strategy

    I get a bit leery when someone posts a link of something "free and helpful" and when I click it, I am expected to "sign up". So how much does it cost and how much spam will I be receiving?
  2. M

    Best internet connection for scalping- trying to decide between cable and dsl ?

    Yeah apparently Aaron didn't read where I explained in very basic terms the differences between bandwidth and latency. If he had he could have made a more intelligent post.
  3. M

    SPY TRIPLE TOP - I just bought some puts.

    Ok now that I am home here is the chart I was talking about. When the price breaks out of that box you will have a pretty good idea what direction it is going to head. <img src="http://www.fantasydaytraders.com/eqpics/SP6mo.jpg">
  4. M

    Repairing covered call

    I guess I need some clarification. When you say you wrote multiple calls on Citi are you meaning that you have had Citi for a while and wrote like a Jan call, then a Feb call, then a Mar, and now you only have 1 open April 17.50 Call? NOTE: I am assuming you meant that you wrote the 17.50...
  5. M

    Best Option Spread Strategy

    Even if you were planning on Selling the April IC, a DBL still makes more sense. You short the Aprils just like you planned but you buy the May's instead of April's. Just due to time decay when it comes time to exit the trade the shorts you have to buy back will get cheaper faster than the longs...
  6. M

    SPY TRIPLE TOP - I just bought some puts.

    I don't care how cool it sounds, if it works and makes me money. :D
  7. M

    Best Option Spread Strategy

    Here is an idea for all you Iron Condor guys..how about starting with Double Diagonals first? Say you are looking at XYZ stock and are thinking it will stay in it's current channel for a while. So you plan on selling a MAY IC on it. Instead use a DBL DIAG. Buy the May longs just like you...
  8. M

    What is your "TRADING HOLY GRAIL"?

    Buy low Sell High...duh. :D
  9. M

    SPY TRIPLE TOP - I just bought some puts.

    The trade has some merit but I think it's a bit premature. Looking at a 6month chart, if you draw channel lines for the last 6 months you see a definite down trending channel and it's at the top of the channel now and could head down. How far down? If you draw another channel from about Mar 7th...
  10. M

    Best internet connection for scalping- trying to decide between cable and dsl ?

    Ok let me explain a couple of things is very simple terms. First is bandwidth. Most ISP's offer packages in terms of bandwidth. Bandwidth is how much you can upload or download per second. Think of this as a straw or hose. A dial up connection might be a coffee straw while cable and DSL are...
  11. M

    The economic impact of the current Exodus from the United States.

    A large part of that difference is how the US and Brazil treat drug users. In the US possession of a controlled substance (drugs) is a crime and you will get a prison sentence for it. In Brazil posession will get you community service and/or in a treatment program if the person was an addict...
  12. M

    The economic impact of the current Exodus from the United States.

    I am not sure why but this made me think of a joke I read recently: ------------------------------------------------- Mexican Earthquake A big earthquake with the strength of 8.1 on the Richter scale hits Mexico. Two million Mexicans have died and over a million are injured. The...
  13. M

    The economic impact of the current Exodus from the United States.

    This leads me to believe that Brazil just has a LOT more criminals walking the streets...YAY Brazil. :D
  14. M

    LEH - said screw you shorts

    You guys are acting like it was LEH only. It was the whole market that gaped up on the 1st. My guess it has something to do with one of the April fools jokes going around.
  15. M

    I paid for 'the Secret'

    The correct answer is M Theory...the answer to everything.
  16. M

    Everyone makes money in ET

    In most cases yes. For the record I rarely make any claims either express or implied about any of my actual trades, successful, failed, or otherwise. The only trades I have talked about are either my first years trades, hypotheticals, or trades others were considering. For what it's worth, none...
  17. M

    Everyone makes money in ET

    Yeah that scale is about 3x too long. :D Seriously though ET is another form of trading. Sometime you trade your knowledge for the humor, sometimes you provide humor and pick up some new knowledge...and yes occasionally there there is some direct knowledge for knowledge transfer.
  18. M

    Bottoms CAN be picked

    The blue and red dots are where his wife was testing her new BINGO stampers.
  19. M

    Everyone makes money in ET

    SusanaDT, You really should spend more time in male company. We do tend to do a lot of bashing on each other. We do tend to embellish a little quite often (some more than others). We have a rough crude sense of humor and we don't expect you moisties to understand. However, we also know how...
  20. M

    analyze this trade

    You can get into the exact same position using a double diagonal and modifying the strike to be the same as what you have shown. The key differences will be that the DBL consists of 2 calls and 2 puts and your trade is 4 calls, your trade will yield a small credit where the DBL is a debit trade...
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