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  1. R

    How do I know when to get out?

    Having target often means you will see the profit evaporates or turns into loss. The only reason that might make senses is ask yourself, will you buy at the current price or not assuming you have no position at all ? If answer is no, then close your position right away regardless if you have a...
  2. R

    How do I know when to get out?

    Hold or fold ? that is the hardest question almost every long options holder faces. You might see the value easily double or cut in half tomorrow or next week. With options, the gain or loss magnifies at least 10 times. Either way, probably you are going to regret and if you want to continue...
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    Protecting a short position with options

    You can try whatever you have in mind in the OL, use the Offline tab if you just want to play some hypothetical options, or compare two strategies.
  4. R

    BJ - Time Spread on Takeover

    Any idea on how long this buyout thing will play out ? It is only a little more than two weeks from Dec OE.
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    EUR/USD prediction

    Two weeks later, 1.31 wat hit.
  6. R

    It is now time to sell sell sell your TLT - Bonds are going to crash

    For the past ten years, every time someone mentioned bond is going to crash, it jumps up a little, enough to cause a demage in your account. Never failed.
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    stringing butterflies together

    One of options brokers' favorite strategy.
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    GLD vs. Comex Call Options

    GLD is a ETF which is not physical settled as futures is. Also where did you get 1600, do you mean strike price ?
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    Days till expiry?

    BS model requires both DTE and calendar days in a year. I think they need to be consistent. i.e. if DTE includes the weekends and holidays, then use 365, otherwise, you have to come up with a number like 250 or 240 something, which people rarely use.
  10. R

    Days till expiry?

    I would check the DTE in the options lab, it provides DTE for most commonly traded products, such as ES/FX/ZB/CL, etc. I think they use the calendar days.
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    Protecting from a "Flash Crash"

    If it is a real flash crash, then no protection is necessary. Sounds like to me you are not asking for the best way for protection against flash crash, you are asking for the best way to make money out of it.
  12. R

    Weekly Options: buy them or sell them?

    The way you pose the question make it hard to answer in a straightforward way. The question does not just apply to weeklies. It will be still determined on a case by case basis.
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    Best Broker for OPtions trading -margin req at Interactive Brok Canada are horrendous

    margin rate and margin req are not related, which one pisses you off ?
  14. R

    Why do you guys trade options?

    Rule of thumb: excellent spread = less than 2% of bid price, i.e. 1.00 X 1.02, 8.00 x 8.10 good spread = less than 5% of bid price, i.e. 1.00 X 1.05, 8.00 X 8.50, 21.00 X 22.00 aceptable spread = less than 10% of bid price i.e. 1.00 X 1.1, 20 X 22. I trade all three. But if spread...
  15. R

    Why do you guys trade options?

    With this kinds of spread, forget about it. MMs are doing a very good job to scare their customers away.
  16. R

    November 29, GM options will be available.

    That is very soon. Any idea what the market value and p/e are ? Is the IPO priced low or high ?
  17. R

    Why do you guys trade options?

    All options are not equal. Some options like spy, msft, qqqq are super liquid. The one you mentioned are not. I would pay more attention to the bid/ask spread than the volumes and open interests when checking liquidity. After all, options contracts are created out of thin air. It is what people...
  18. R

    Why do you guys trade options?

    And here is the PL by end of tomorrow.
  19. R

    Why do you guys trade options?

    That is a very close estimate, assuming no chanage in IV, you make $1167 by end of tomorrow, $322 after ten days. Not bad for 2% move and all those time decay that comes with long positions.
  20. R

    Why do you guys trade options?

    plus money back guarantee, you want to add.
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