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QQQ is still going up. But I got my target profit before the close yesterday. So just to watch it. Wait for the next buy signal for a new trade. Don´t care if I missed something, so long as my trade and profit target worked out, without worrying about what would happen if I had held...

But because IV is high, the value on the feb 38 calls were trading up there at $0.50-$0.55 (AKAM would have to move by 13-14% just to breakeven on these options). Playing it with the 100% confidence that AKAM will reach $38, I can then sell these 38 calls at $0.55 (2 - 0.55 = $1.45) and lower my...

Ha! Ha! Loved that from Atticus and the rebuttal from Ryan. We shall see I guess for us ignoramuses. When it comes to technicals, nobody beats Atticus ( smile ). There is no way in hell I would rebutt ATTICUS. I followed some of what you said Ryan. Not all, but some. I get the $2...

Thankyou Ryan for that insight. I get the general idea, but since I don´t trade stocks but indexes it probably would not apply. However your way of figuring the risk reward was interesting. I´m still not too clear on it, with the $2 bit, but I can certainly see there would be something...

Thankyou Forex Forex. I´ve never had any luck with debit spreads. I think I do not have the feel for them or something? Credit spreads I understand. I was contemplating a credit spread on the OEX for late tomorrow, expiring Friday, but do not think I will get the premiums needed to make it...

I´m not following this. What kind of spread are you putting on?

Interesting! A lot of churning. I bought QQQ Calls last Friday and it took to today Wednesday to realize my profit target and made 7% on the trade. The VIX being low, it is slow progress to the upside, but I too, am looking for the bears to drop a bomb.

I don´t know the technical names for some of the stuff I´ve evolved for my own trading style. Generally I am using ( I think ) gambling theory. Using runs, I´m sliding with the action if it trends somewhat, but being options I don´t like to hold over five days and three is my preference...

I know that slow painful death syndrome having in a previous re-incarnation traded stocks. I like much better options on indexes, which are over with, win or lose, in five days or less. Suits my temperament better. Plus the risk is defined at the outset. Getting the edge through timing, or...

Very, very interesting. Thankyou for the contribution. I don´t think I´m going to do this though. With all that work, I might as well just play directional? Does sound interesting though. I wonder what the risk to reward ratio would be? If I remember right, the long straddle returns...

Aaaah! Just looked up the short straddles. Selling and unlimited risk are not my cup of tea.

Interesting! SHORTING straddles. I did the buying long straddles bit, but too little money and too slow. Never thought of shorting them. How does that work? I´ll try to look it up on the internet. Never crossed my mind. Care to give me a glimpse at the strategy? Ray

Well got myself re-organized and trading again, starting with a value of .73 cents a share, as of January 1st, 2012. End of January the account had grown only 2%. Share value .75 cents. Trades too small, but risk more controlled. Plan to get bigger on my trade bets, but this market moves so...

Ohhhhh! Okay. I just perused back a half dozen posts. To make $300 on a trade, he has to be doing a good bit of his account size I would think? Then what do I know. Not even aware of the price of the stock options, as I stick to indexes. Just seems he trades awfully fast? I try for one...

Yeah! The Day Trader bit, has crimped my style of trading as well. I figured he must be rich, with over a $25,000 account to risk? http://tradingoptionsfordummies.blogspot.com/

Tickmagnet Be interested to hear WHAT and HOW you trade the spy weeklies? Since it is boring, I presume you are making money at it? I´m diddling with the OEX again weeklies.

With this low volitility, and market trending, I´m looking at WEEKLY CREDIT SPREADS. Paper trading this week, as it has been a year and a half since I did credit spreads and forget how.

Hmmnn! I found this sort of interesting. Index option betting though is slightly different. Indicators work occassionally, but you will lose your shirt if you use them ALL the time, for different market conditions. That said, there are one or two, that sort of give you a short term market...

My year end results, for 2011 after six months of trading all kinds of strategies trying to find one that worked. LOST 26% of my account. Woud quit if I lost 50%. http://tradingoptionsfordummies.blogspot.com/ This is my private BLOG, for my grandchildren´s education.

Richard Thanks for the tidbit. I´m afraid to try the EMINI. I have not been able to predict it at all, when exploring the idea. Since my account is almost the lowest it has been since the six months I started, I am being conservative and doing my best to make something back, before I...