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Must have gone through one of those algorythms that calculate and adjust TIME DECAY in the QQQ weekly? I´ve been tracking today, the IV for the QQQ 59 option from TOS and to compare the IV coming from ISE, along with the QQQ 59 CALL ASK price. The premium dropped from the $2.09 level, to...

Well my experimental paper trade on MOD, a manufacture stock, failed. One side of the STRADDLE went to 0.00, the PUT side and the other made a bit, but the spread lost $76, since there were no offers for PUTS. Must have been too thinly traded or something? What was the lesson learned...

Forex Forex I take it this must be a weekly option if last day of trading is July 29th. Just hit me as I re-read your post.

Had one of those EUREKA moments this morning swinging in my hammock, while waiting for the sun to come up over the nearby valley ridge. The application of the correct month in which to apply a long straddle, as dictated by the VIX ( Volatility ) For VIX 15 to 18, which is a long...

Interesting! Will watch it. THANKS

About an hour before close on Monday. This dull market is only good for credit spread traders. Nothing much happening. I got mixed up over the weekend research with BETA and GAMMA in trying to bone up on studying them. Just forget them for now. I have tried a paper trade on a...

Well an hour later in early morning research. Looking up BETA stocks more than 2% daily moves. Then that sort of morphed into stocks by percentage and started eliminating everything less than a daily 2% move. Reason for that, in the back of my mind I have heard some of you guys on here...

Early 2 a.m. on Monday morning my time. Old man up before the birds. Seeking information on volatile stocks, I ran across an explanation of Beta, that finally taught me what it meant. BETA EXPLANATION Beta 1.0 is in lock step with the markt. BETA measures stock volatility. The...

Had my five hours of sleep and at 2.30 a.m. on a Sunday morning. Fresh mind! Took a look at the Vertical Spread calculator. Entered my stuff. Index QQQ at 59.56 sell the 59 Call at $1.97 and buy the 58 Call at 2.64, with a debit of .67 cents. Hope I got the set up right? This is in...

Dolemite Good question about the directional versus the non directional. I have already experienced the unexpected turnaround, at least in small trend runs, using the hourly charts. I´m gravitating to the daily and weekly charts now though. so, the straddle, or strangle is insurance...

Iayyyyiii Dolemite! Well skipping that helpful bucket of cold water thrown on me at this point ( grin ). Would any contributors care to share those big volatile stocks, that they use the Long Straddle on, to trade earnings reports? The only one I know was contributed by Fortis...

My conclusions on LONG STRADDLES. Trade 3 month away options. Trade ONLY when expecting a BEAR TREND. or TRADE WHEN EXPECTING AN EARNINGS REPORT IF USING STOCKS Do NOT trade a bull trend with a long straddle. Only a BEAR TREND expectation...

Well market has closed. My wall clock has quit working. Computer clock has a wierd time. Still holding a CASH money, Long Straddle QQQ 58 Holding paper money 1 Spy Sept 134 Call 1 Sept. Strangle 59 QQQ 1 Sept QQQ CALL 1 Vertical Bull Call Spread, Sept. for debit of .67 cents...

Just closed a couple of paper traded CALL trades. Made +$34 on one, which was 10% and the other made +$20, which was + 5%. Couple of days in the trades. Trying out a different way of forecasting market direction. I need to make a lot more money than I´m doing.

Well I appreciate the candid input. I am looking at some different things. Haven´t got far enough long on my looking though, to talk about it. Under certain conditions I can see where the Straddle will work. I got out of the 57 long straddle and only made about $5 or $6 on it net...

Spindro I kind of got it and had sort of figured out something similar there. Nice to have it confirmed. Hedging insurance. Thanks a lot. I´m still contemplating the biased STRANGLE, or whatever it is called doing it + 25 Delta. Don´t know whether to do it in paper trading...

Atticus Sent you a private email.

Atticus Thanks!

Well the market is slow and I didn´t bother to enter a Straddle on the high. Want to close one straddle first, of the two I have open. Bit nervous about the money. To those of you who sent me some private emails. I just more or less discovered them. Been going through them this...

Ahhhh! That makes sense thinking of it that way. "Think of vega as synthetic time. There is less time for the move implied (in the premium) to materialize. " Definitely I don´t think there is much time to make enough move I want, when bucking against the overhead resistance at QQQ 60...