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The literature I read really didn't talk about options before expiration, especially with spreads. They're always expiration graphs, and the decay I had to "experience". Anyways, there's only so much you can learn from reading. Any losses incurred from a lack of knowledge/experience I...

at least 3 months (I'll try to buy 4 month expiration, but close no matter what 1 month left) I couldn't see this going past 5 months... I've discovered (probably no surprise) that trading direction is hard... and for the trades I engaged in, they took at least 2 months to reach my exit...

maybe I'm thinking about this wrong, and the more experienced traders can correct me... but after trading ITM Calls I started to like ATM Verticals, since I could be long theta if I was wrong on direction, and as time passed, my delta's would increase, instead of decrease. I know the point...

hmm, i guess i don't understand how vol strategies can be used w/out Support/Resistance. Then it turns into a direction trade... no?

don't you guys look at support/resistance then setup the condor based on that?

lol thanks spin!

i read in a TOS article that sometimes we think we've found a deal but really there's a dividend or interest play or something that's priced in that most people arn't accounting for that the market has... so I figure the butterfly has to have something hidden. My commission structure...

ok spin, i didn't think about that thanks. pardon my ignorance, but if the stock is hard to borrow, how does that affect the put prices in such a way that makes them sell for a credit?

Didn't you double your money? Why not close the position?

adam... I can't understand what your point is here... to impress people? to show off? I'm happy you're making money, good for you! If you're truly this cocky and arrogant then you're not going to make friends, and gain respect. If you're trying to show off the size of your account...

I'm on TOS and looking at a CIT butterfly for a 0.02 credit this is a DEC 2 - 1.5 - 1 butterfly I'm assuming this is too good to be true. What am I missing excluding commissions? The IV is insane on these options.

yeah but you only know that after the fact. Hindsight is always 20/20.

oh yeah?? I have something of mine that's bigger than yours :p

Adam... Why do u care to impress a bunch of strangers on the internet? Who cares if ppl don't beleive u, maybe think you're full of it, and beleive you're actually a 15 yr old w/too much time on their hands. If you're for real then that's all that matters.

I just don't see what motivation xflat has to lie... It doesn't make sense.

"after shorting BIDU after hours last night on my cell (google cell phone with the ameritrade application-iStockmanager)" lol.... I'm posting this from my iPhone... The safari app...

Xflat, is that the bloomberg terminal?

Ahhh... The plot thickens...

I think "FORMAT C:\" still works.... no? :)

E mail it to someone to post it.