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Back down to business. I was getting a little worried about my SPY 126 short puts earlier today with the move we were making. Looking a little better now. I don't know how much I'll be inclined to hold on for a worthless expiration on that SPY IC. I might bail a little early. If one of the...

Oh..... come on!!! I don't seem like a likeable enough guy to stay married?:p Actually, I've only been married once and still am. I married one much younger than me so she hasn't figured out that she could've done a lot better yet. SCORE!!!!:D

Hey... maybe I'll have my IT guy develope my own software.:D On second thought, scratch that idea. The software would be SO INCREDIBLY AMAZING that I would have to keep it all to myself so that I had an edge. Then I wouldn't be able to make any money off of it. Oh well. Good idea while it...

I've used various software in the past (optionetics platinum, optionvue, etc..) I don't use many anymore because I wasn't getting my money's worth. I am becoming increasingly impressed with the ToS platform and there analysis tools are my favorite price. $FREE.99 baby! Word on the street is...

Butt away.....:D I agree wholeheartedly.

I agree. Vertical spreads are very difficult when playing longer term. Too hard to judge price movement, and you don't get nearly the bang for your buck in terms of time spent/opportunity cost. For example, if I did a APR credit spread (let's say EBAY 40/42.5 bear call) I would get a...

Yes, but there is a little more to it than that.

Yep. I think we're on the same page. :D It's interesting.... When I hear discussions on this site about IV, they are usually something like, "such and such call isn't worth as much because IV dropped". I don't know that I have ever heard someone (until now) acknowledge the fact that the IV...

Well put. In regards to the fair value equation... Given that an arb situation arises when one side of the equation gets out of whack, it could be assumed that arbitragures would immediately pull the price of the option back into balance. This happening would prevent an option from...

Nor do I, but I have been trading options for a while, so I wouldn't call myself a newbie either. Is there some category that the rest of us fall into?:) This is all too true. :) Sorry about that. I would say that this statement is true. The majority opinion being the determining...

One time I went on a honeymoon to Costa Rica a couple weeks before expiration thinking that I was easy far enough OTM that I wouldn't have to worry. I got back a few days before SET and my FOTM credit verticals were now ATM verticals. I've told myself since that if I'll not have access for...

I more or less do that exact thing when looking at potential plays. You're right, that will show at any given SET price which position would be more profitable. But I was thinking less about profitability and more about probability. In order to answer the (rhetorical) question, I think one...

Well Donna, with the down day today I almost followed your lead and bit on the puts. I decided not to just yet because I want to see some support around 1260. I might end up regretting having waited on this one. :(

I'm living a little closer to the edge than you. I've actually got some APR 1320/1350 calls. I too feel that it is going to have a hard time starting enough of a charge to head too far north. I haven't finished off the IC yet. Trying to decide whether or not to follow your lead. I hear...

Today's Action BTC 2 RIMM MAR 60 puts @ 0.05 Year to Date P/L Account Value: $10,269.00 YTD Gross P/L: 380.00 YTD Commiss: 111.00 YTD Net P/L: 269.00 YTD % P/L: 2.7% RIMM announced a settlement today with NTP so their legal troubles are...

Definitely one of the more articulate posters on ET.:D

So rdemyan, as soon as I made that last post, the market started moving down pretty good. I didn't know you were the one to talk to about ordering a market reversal. LOL:D

I think you are referring to CashCache. But I do have a bear call that is starting to get close. What's everyone driving up the price for. :mad: Can't we all just relax and have the market sit still for a couple weeks. I don't want to have to adjust.:p

This year was great for the most part. Tons of snow in the mountains, very little in the valley. If it was like this every year, everyone would move here.:D Willow creek is nice. I always say that Utah has the best skiing and golf for the price. And the seasons are perfect for both...

Can't believe you guys are still talking ski. Over here in Utah we're gearing up for golf.:p 50 degrees today and it feels tropical. Courses are opening this week.