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Well wouldn't a downtrend (bear market) be an excellent time for the long term investor to write CC's? My thinking behind it is that you would cushion your downside by pulling out basis as the market went downwards or with the income you could average down and lower your overall basis that way...

List your three trades and I will see if I can tell you what happened. Or better yet provide a SS of your demo acc't so we can tell you what you did.

Eliot, are you saying this is a bad market for CC's because it is going down or because you think there is capitulation and you might miss all the upside with a CC? Just interested in your reasoning behind the comment.

I have my powermac g5 hooked up to a 32" samsung and it works fine. The only thing is that you need to use a DVI connection as opposed to VGA if you want to get a higher resolution than 1300 X 760 (not actual resolution but close enough). Now that I have that I would never go back so I strongly...

Please don't do that. You are looking at such a huge potential loss if you don't hedge. 100 contracts? With think or swim these are the margin requirements for uncovered calls: The greatest of: 100% of the option proceeds plus 20% of the underlying stock less any amount the option is...

Oh MAN Did you know that if you had a time machine you could be the richest man in the world by investing in things when it bottomed and then selling at the absolute top. WOW WE SHOULD ALL DO THAT Oh wait, you can't Give me P&L that beats Buffet, I'm still waiting...

I didn't say one year, I said for an equal or longer period. One year means nothing. Thats like saying you're more fit than someone who does an ironman because you ran one mile faster than their average mile during the marathon.

Weren't you the same guy posting about how buffet sucks on the berkshire hathway thread in stocks? Also stock trader is worthless.

Ok. If you have proof that you have made returns that beat Buffet FOR AN EQUAL OR LONGER PERIOD than you can say he sucks. Otherwise, shut the fuck up.

Oh, and let me also state for the record that anyone who spells trader with a 3 is a shithead and most likely is still in high school.

You sir, are an idiot... That is all. :D

Well I guess if you want to trade options you can do verticals. F Sept. 7 Put / F Sept. 5 Put is a $200 risk. This is just an example but you get my point.

Wait and see what happens. Market isn't looking as good now as it did at the open. Stop being a dipshit and actually make a call that's based on something.

FED rate easing

Agreed, if you're selling LEAPS with this high IV you are cleaning up (provided you're selling the right LEAPS, and not acting like a shithead). Let each trader trade their own way and if it works, it works and it is impossible to refute that.

Volatility is tapering off. In the past few weeks, you've had days where the VIX was up 25% and when 3:30 hit, the stocks went f*cking nuts. Now you are seeing this less and less and starting to see more of a trend develop. But then again I could be completely wrong...

This guy is an idiot. He starts these threads everywhere. I'm pretty sure he doesn't know what indicies or futures are let alone how to read them.

I don't understand what everyone is so pissed about. The news came on CNBC before the market opened and I'm sure that you heard about it around the same time that I did. This happens all the time when the FED does not like where the fed funds rate is at that particular moment. I will acknowledge...

Valuation is between 26 and 28 depending on who you look at. This would not be a good longer term swing trade (~3 months) because it will probably drop down to around that level after the hype fades and when before it declares earnings. That being said, I'm all in on puts at 26.:)

It all depends on your strategy. You can sell cash covered/naked puts all you want if you play it the right way. To each his own... That being said, there are much BETTER ways to play this market, but if you really know/like writing CC/NP's then by all means go ahead and make your money that way.