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Yes I'm aware that you got stopped out. Based on the 175 puts being bought at $10.50 the 170 puts probably could have been sold for $7.00 when you bought the 175 puts. Maximum risk $350.00, maximum profit $500.00 - no risk of getting stopped out early. Something to consider for future trades.

No stops. And to reduce your risk you could sell the GLD Sep 2011 170.00 Put for about $4.50 - or whatever the bid was at when you bought the 175 puts. http://finance.yahoo.com/q?s=GLD110917P00170000 This would be a Debt Spread

Days range $2.22 - $7.10 http://finance.yahoo.com/q?s=GLD110917P00175000

Your original post.

UPDATE - POSITION CLOSED Sell QQQ Aug 2011 53.00 Call @ $0.23 http://finance.yahoo.com/q?s=QQQ110826C00053000 Buy QQQ Aug 2011 54.00 Call @ $0.06 http://finance.yahoo.com/q?s=QQQ110826C00054000 P/L $21.09 / - 59% commissions included. --------------------------------- I put the ELITE...

Steve Jobs also had a lot of success with Pixar. Bought it for 5 Million - sold it for 5 Billion, I'm not sure of those numbers but I think they are close.

30 minutes before market closed I entered a QQQ 53/54 Bull Call Spread trade. QQQ = 12% AAPL, I expect a loss on this one. http://www.elitetrader.com/vb/showthread.php?s=&postid=3281049#post3281049

Interesting development. Steve Jobs resigns as CEO of Apple and AAPL is 12% of the QQQ, this could have a negative affect on my QQQ 53/54 Bull Call Spread. http://finance.yahoo.com/news/Steve-Jobs-Resigns-as-CEO-of-bw-19285464.html?x=0&.v=1

http://finance.yahoo.com/news/Steve-Jobs-Resigns-as-CEO-of-bw-19285464.html?x=0&.v=1

I just opened the following trade. Trade #5: Aug22-26 Buy QQQ 53/54 Bull Call Spread - Live trade in progress. QQQ @ $52.70 Buy QQQ Aug 2011 53.00 Call @ $0.4702 http://finance.yahoo.com/q?s=QQQ110826C00053000 Sell QQQ Aug 2011 54.00 Call @ $0.1098...

danshirley has very strict rules about replying to his posts, the consequences can be severe: http://www.elitetrader.com/vb/showthread.php?s=&postid=3278061#post3278061 "If you reply I will just add you to my ignore list as I did for the last poster."

I would open up an account with Interactive Brokers, deposit $10,000 - $20,000 and trade options. Trades can be as small as $50.00. Long Calls and Puts Credit Spreads Debt Spreads Strangles / Straddles My thread on trading QQQ options...

My vote: "Do you have stop and profit targets?" This thread of mine might interest you: QQQ weekly OTM option trades - 4th and final week I will be opening my final trade sometime on Wednesday August 24, just before market closes.

Good call, up 100% since the original post. GLD Sep 2011 160.00 put

I haven't watched it all yet but from what I have seen it's very funny. http://www.youtube.com/watch?v=_akJecM43KA&feature=related Clue (1985) <iframe width="420" height="345" src="http://www.youtube.com/embed/_akJecM43KA" frameborder="0" allowfullscreen></iframe> Part 1 of 7

"An Internet forum is a discussion area on a website. Website members can post discussions and read and respond to posts by other forum members. An Internet forum can be focused on nearly any subject and a sense of an online community, or virtual community, tends to develop among forum members...

QQQ weekly OTM option trades - 4th and final week This is the 4th and final thread of my four week series on trading the QQQ weekly options posted LIVE on EliteTrader. For Trade #5 my plan is to once again enter a trade just before the market closes. I'm leaning toward a long call or put - 1...

UPDATE - POSITION CLOSED Sold the QQQ Aug 2011 53.00 Put @ $1.39 http://finance.yahoo.com/q?s=QQQ110820P00053000 Sold the QQQ Aug 2011 54.00 Call @ $0.03 http://finance.yahoo.com/q?s=QQQ110820C00054000 P/L $88.50 / + 173% commissions included. --------------------------------- I put...

http://ibkb.interactivebrokers.com/taxonomy/term/134

I entered an identical trade two weeks ago at $62.44, opened on a Wednesday and closed it out for small 15% gain the next day just one day before expiry. http://www.elitetrader.com/vb/showthread.php?s=&postid=3257144#post3257144 PS .... there is a typo in the trade from two weeks ago. July...