Search results

You should try to slash your monthly living expenses to the bone and build up 1-2 years of cash reserves (not your trading capital) for living expenses. Once you are relying on drawing every month from your trading account in order to pay your bills, the pressure to produce starts to build...

thanks maxpi, I'm going to check this out! Yes, this does sound like jury duty. The difference is, you wouldn't be forced to enter the representative pool. This would be voluntary. Rather than sitting around complaining about your representation, you could be empowered to take the next step...

My proposal is simple, really. We will keep the current 3 branches of government intact, with one change: membership in the House of Representatives will no longer be decided by election. THE PARTICIPANTS WILL BE SELECTED RANDOMLY. No more campaign slogans, impossible promises, begging for...

How does this strategy compare: buy 1000 shares of KO at 54.78. Sell 10 Jan2012 50 calls at 7.80. Your cash outlay and b/e excluding dividends is 46.98. There is $3.02 in time premium, so unless KO moves significantly higher, shares shouldn't be called and all the precious dividends will be...

I'm sure you are correct. Buying a bunch of shares of "safe" KO probably will fly better with his readership than selling a bunch of "risky" puts naked. How many threads have been on ET about people trying to "capture" dividends. This seems like a variant of that strategy.

Wow, this is going to be great! A few questions about your methodology, how do you pick your numbers, is it a discretionary method or do you have some special indicators? Maybe you could post a screenshot. Oh and don't even waste my time unless you post your numbers before saturday, I need...

kc, why do you think you will be exercising all these options? You can buy and sell options freely until expiration. Of all the retail guys trading options, I would bet that most of them almost never exercise their options. Most of the time, there will be absolutely no benefit to exercising...

Have you ever met someone that goes by the name of Stocktrad3r?

I had a really awesome, detailed description of a scenario where one could easily lose several times their stop-loss on a naked options position, but somehow, it didn't get saved. I'm not going to go through typing it all over again. Suffice it to say, you and only you can decide how much of...

sounds a bit like issuing a license to steal.

I haven't been day-trading for about a year now, so I can't speak from personal experience, but some of the complaints I've heard aren't just about volatility, but also about intraday volume. Without high volume, you can't really load up on shares as easily; it also becomes a problem when you...

This issue would seem to be of great interest to any prop traders out there. If I were trading at a prop firm I would definitely be checking this out with my managers to get their take as to whether their firm would be impacted. Why is it such a crime to have a level playing field in the...

Thanks, I appreciate the info MTE. Nice job Akivak!

BTW, does anyone happen to know the RUT settlement price for January? The CBOE website seems to be down until tomorrow. Irritating.

I have been wondering the same thing as the OP, I started by looking at NDX options, figuring the higher priced underlying would hold down commissions since I'd be trading fewer contracts. The bid/ask seemed huge though. I've recently been looking at RUT, still wish the bid/ask was narrower, but...

here's a few that nag at me occasionally: 1) Went short CROX and long SHOO (steve madden). My timing was pretty lucky and within a day or so the pair came in about $3. I was very happy to take my $$ and figured I'd get back in later. I never did get back in though, and didn't we all know that...

Thanks MTE, it seems the only way to be assured of locking in profit (or avoiding add'l loss) is to exit the entire position prior to expiration. My other thought is to let the short options expire, and use the long Feb. options to build another position, ie butterfly or vertical spread...

With RUT ATM calendar spreads, what are the potential risks of holding the spread into expiration (let's say you are long a call and put calendar) and then selling your long options that Friday?

maybe a lot of wealthy people feel their time is better spent on whatever it is that made them wealthy. (or enjoying the wealth that they have accrued). Plus of course, everyone at the bank will be tripping all over themselves, trying to sell a lot of services that can get them a piece of the...