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Sell 50 SPTUJ @1.25 (September SPX 1150 puts) Sell Stop SPU8 @1200 Will consider any of the the following, depending on market conditions: - adjust sell stop SPU8 higher depending on possible rate of decline of SPX. - sell more SPX naked puts if market goes above 1300 - sell SPX...

When you can't respond intelligently then you resort to personal attacks. Is it a case of shadenfreude by those who fail or cannot make profits selling OTM puts and hedging? This WAS an intelligent discussion with both sides being ventilated but when some can't deal with the issues they...

I am happy to entertain you. We would also welcome an intelligent response to "sellers of far OTM puts" e.g. SPC 800 to 150 are reaping huge profits, as they have been doing for the past few years. Put buyers of these far OTM options are simpletons and fools who are easily parted from their...

FYI : this is the September SPX chain at the CBOE site: http://delayedquotes.cboe.com/options/options_chain.html?ASSET_CLASS=IND&ID_OSI=10614550&ID_NOTATION=8941848 Look at the puts with 700 to 1150 strikes - sellers are reaping huge profits on these; good volumes and open interests; at...

Again, you are being vague and uttering warnings but not gettting in more specifics about the trade; Example, if the market snaps up 30 S&P points, you can sell Far OTM SPX puts at say, 1200? In other words, you can manage the trade properly and escape with a small loss, or even a profit...

Wouldn't the value of the puts you sold DECREASE in value if the underlying snaps back up? Give me a real life situation where the S&P tanked 50 points in a "short period of time"? Short-period is a day, 2 days? Would you sit on your butts while the market was doing all these wild movements...

I never said it was EASY. And, that it does not require much work but traders do it and are making good profits. One way out of that trade is when the market approaches your PUT strike you can close the trade and take a small loss (smaller than if you had sold naked puts). But, this may be one...

I have been involved in trading futures and stocks for the past 15 years; I am quite aware of the Futires markets and the potentially huge swings but execpt for very few occassions I have not seen a market where you cannot get a fill with reasonable slippage. My example was sell 1220 put...

Sell Stop FUTURES, surely we can get a fill on SPU8 at 1225 or nearby, if markets tanks to this level, near to the PUT strike. e.g sell SPX 1220 put; S&P futures is now at 1275; put in sell stop SPU8 at 1230

Let's say you are writing naked SPY or SPX OTM puts. For each put written, put in a stop order - ES or SP futures, that will kick in if the market tanks, especially during overnight session. e.g. sell SPX 1220 puts Put in a sell stop order at 1225 or 1230 etc; this value will be...

For backtesting OPTIONS: I am designing a program, written in C++, mySQL, with a bit of PERL for scripts, if necessary. Well, I know, this is not a trivial matter but I have designed and written a system to test trading systems, on a Red Hat Linux platform, for Stocks and Futures. Very...

You may consider the Options on the equivalent ETFs, e.g. USO (crude) QQQQ SPY etc

Well, this is interesting....Collecting premiums on SPX spreads 5 Dec 1475/1550 call spreads......3.8pts/192pts OTM/136 days 5 Dec 1475/1550 call spreads......3.8pts/197pts OTM/151 days 5 Dec 1475/1550 call spreads......3.8pts/215pts OTM/156 days ------------------------- 5 Sep...

This has been quite an informative thread. Thanks to all. I have looked at several fee-based option trading services - most are liars; some try to provide what can be termed a realistic service, even going so far as to admit they are wrong sometimes; but I haven't seen any that will persuade...

This has been quite an informative thread. Thanks to all. I have looked at several fee-based option trading services - most are liars; some try to provide what can be termed a realistic service, even going so far as to admit they are wrong sometimes; but I haven't seen any that will persuade...

As I continue to explore several other trading instruments I noticed a plethora of offerings with "10% per month safe" options trades with IRON CONDORS. Being a very sceptical guy, I ask many questions. Like, are these for real? If so, why aren't hedge funds and other investors utilizing...

I have seen a few that allegedly perform backtesting but they are not; they simulate etc. Anyone knows a good software system to do this? Thanks,

..appears to be a rhetorical questi0n but... I don't know, please elaborate, tell us your opinion of his services. Regards,

I have been looking at the Options software for backtesting and also fee-based Options Trading service. In the latter category, I believe optionMonster is worth exploring (see my earlier post). I am looking at iVolatility.com Scanner suite - anyone with pors and cons on this software. So far...

Anyone tried Najarian's optionMONSTER InsideOptions? Thanks, Jahajee