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And we'll all be dead eventually. Sure, if you're willing to tie up capital with a max loss position for 7 months, then go ahead and ignore the Greeks. Personally, that's not how I trade options. But I've never written a book, so if I were you, I'd ignore my advice and instead listen to Paul...

It was a gift, if you were a put buyer. No complaints here.

I assume you're talking iron flys/condors since you mentioned generating a credit and being theta positive. Well, the flip side of the positive theta on those positions is the large gamma and vega risk. Now while the gamma risk would be less with the longer term iron fly/condor as compared to...

The stock was halted at that point (though it should've been halted much earlier). The spike occured about a half hour earlier when word got out that a verdict had been reached and many were anticipating a non-guilty verdict due to the quickness of the jury's decision. Yes, Huckman screwed...

Waggie, I currently live in Westport and, while I've never met her myself, I know plenty of folks who have. Similar stories are endless around here and one would be hard pressed to find a fellow Westporter with a kind word to say about Dame Stewart.

Bought some March 12.50/10.00 put spreads for .25 on a lark about 20 minutes ago. Should've just went long the 12.50's. Greedy, greedy. I can't believe they didn't halt trading when word got out that a verdict had been reached. There are gonna be some unhappy campers who bought the stock...

Do my eyes deceive me? Is MSFT actually outperforming the market today? Ahh, most likely just another ephemeral move to generate a sense of false hope among we cockeyed optimists.

Yes, she'll owe taxes on the unrealized gain. My advice, therefore, is not to hold the stock. There are far too many horror stories from 2000-2001 of people doing just that in order to benefit from the lower long-term capital gains rate, only to find, one year later that their stocks had...

Agreed. The call itself was benign and the narrowing of the revenue range was widely expected. Gross margins will remain strong, which was the main concern. All is secondary to the payroll number tomorrow, but I'd expect the stock to move up with this out of the way.

How about George and Newman?

Particularly since a vast majority of IBD stocks are small-medium caps with highly illiquid options, if any. Hence, the edge you give up can be pronounced. That's not to say, of course, that there won't be situations where vol may reach an extreme on an IBD name, making an options play...

Huh?!?

You're pathetic...you're pathetic...yeeee- haaaaaaaaaaaaa!!

Perhaps unwittingly. Are there steroids in semen?

Excellent! Will do. Thanks again.

Could you ask your friend if steroids can improve one's trading? Thanks.

Yes, I can see it now. Jason "Scooter" Giambi, the best Yankee table setter since Bobby Meacham.

Anyone care to wager that the newly juice-less and frighteningly svelte Jason Giambi will hit less homers this year than Andy Pettite?

I hope you're right. I own a ton of April calls and it's been painful watching it continue to go nowhere. And yet, glutton for punsihment that I am, I continue to buy more. It might be best for all involved if the stock were de-listed.

It depends. For multi-leg spreads like iron condors or long flys, I'll often go days with only one side of the spread on (i.e. I'll sell a bear call spread into a rally and wait as long as it takes for the expected pullback before selling the put spread to complete the iron condor, or vice...