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I had asked this question in another post but mostly got people responding who didn't’t know what a covered call was and started ranting about margin requirements and naked shorts. So I’m keeping it real simple this time and just asking people to pick #1 or #2. Actual scenario- GSF...

"Of course I'm biased since I've been on both sides of the equation but....if you have a couple of $million to engage in working strategies, and have the confidence and support structure to use it, then you're fine on your own. If, on the other hand, you would rather use $25K or so of your own...

Lots of blue on my screen with LFC, NOK , F up. Did short some GSF DEC calls against my long Jan calls though in case that continues to slide, took profit on COP, EGO calls and loss on some of my VLO calls. Still have calendar spreads on the others. With COP reporting on Wed. it should go...

Boy people have made this complicated. 1. My original suggestion was that even if you sell at the bid, you can sell a deep in the money covered call that will protect the price of the stock from going any lower and if exercised against you will give you more $ than the stock was trading at...

"fading gaps" as a primary strategy will fail. I'm curious why you think this is true since it is one of the few trading strategies with a proven track record.

I started out with $30,000 of mostly borrowed $ I had to repay back in a year and it was hell. Losses were hard to take and there is draw down on even the best system. If you can afford to lose the $50,000 go for it. $100,000 allows you to put 10% in a position, take a $1,000 loss with only a 1%...

My 2 cents - I thought the market had double topped at 1300 and also read an article by abig name technical trader who said we had formed some type of parabolic curve that signaled a big drop. Russel also said when the DOW and the transportation index had both crossed below their previous lows...

"Chris, I have to agree with Nazzdack. Trading around a loss and screwing around with it only complicates your trading. I think it's better to keep it simple and cut the loss. If you think you were too early, watch it and re-enter the trade" You might be right plugger. Like I said, I don't...

" The only thing you say that makes sense is that you are a small time player for sure. " Christ, it shouldn't be that hard to understand since all you are doing is selling a covered call. That has got to be the most simple trading strategy there is. All I was asking is why traders that...

" Where are you supposed to come up with the margin for all this naked shorting? How do you figure there is naked shorting? You already own the stock. 1 covered call - no margin. 1- long put - no margin. If the stock starts to go up and you short a lower sp put against your long put -...

First off I'm not major player, just a small time options trader. Since my account is small, I watch every penny and work hard to limit my losses , often at the expense of big gains. But my strategies keeps my account healthy. But for stock traders with lots of cash, here is a strategy I think...

Well with earnings report coming up I would expect them to run COP down since I think earnings will be good this quarter. I went long on some VLO calls recently, not a good move but will wait til my short Nov calls expire before trading my long Feb calls.

When I used to trade Taser, I noticed how often the stock seemed to close on expiration Friday at a price close to the option strike price with the most outstanding options. $27.50 would make a lot of option writers happy on yahoo. But maybe Yahoo isn't quite as manipulated as I thought taser was.

"Son, because stocks are set to have a good sharp pullback here, there is no more dumb money left to buy your stocks now. Lessons learned the hard way." Well DAD. whenever a boob tells me to sell I buy and I'm up a tidy sum on the GSF calls I bought. Feel free to post anytime with your...

Yea I know it's not a direct correlation and I follow DIG and DUG when I want to look at oil more directly. I know that my COP stock price is more effected by earnings, announcements, market etc... than by oil. It just seems to me that on days that I see oil is spiking, energy/oil related...

"Son, because stocks are set to have a good sharp pullback here, there is no more dumb money left to buy your stocks now. Lessons learned the hard way." Well that's a buy sign if ever I heard one. I just added to my GSF calls that I'm up $420 on.

I still think oil is a good play, but always wonder why my energy stocks like VLO and COP often drop on days like today when oil goes up. I would think rising prices would offset rising costs associated with oil use for them and help push the stock higher. But... economics has never been...

Well I know that when I quit posting 5 years ago it was because like many, I originally thought joining a board would improve my trading knowledge. But came to realize I was mostly wasting time just "chatting" about trading. Now, I'm not as serious about trading, trade with a much smaller...

Funny, I can accept loses without it bothering me. But missing a big move on a stock I'm following eats me up. It usually happens becuse I usually buy on pull backs and have trouble hitting the buy when a stock is running up . Curious to hear what others have trouble accepting.

"if you are trading options, then you need to know the rules" I guess my question wasn't worded clearly. I understand the rules regarding options trading fairly well. My question dealt with the procedure of orders on stock options that are routed to the CBOE from IB. I did get to an IB rep who...