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December month is erratic trading month if I recall correctly. Most active fund traders are gone for the holidays in December and anyway the 30 day rule means the trading institutionally dries up for the month and resumes in first week of January.

Michael Your trading is interesting. I don´t understand what you are doing though? I take it you are making multiple credit spread monthly trades, presumbaly in the same index? Or using different indexes? The adjustments I take it would lose you money. So I kind of guess you are...

Whoops! The daily bars are sort of slightly indicative of a trend change starting, but I just checked the 6 months weekly for the OEX and the trend is still UP in the weekly. WOW! Shows you how you can get mixed signals when you drop down to shorter time frames.

TJ Very annoying day in the learning experimenting process. I called the move right, but got shaken out in the morning and went at market and ended up losing a $100. Then later an hour or so, the down move I predicted happened and I probably lost a $1000 that I didn´t make. C'est la vie...

Man o man! I´m having a tough time TIMING my straight buying trades. So far all I´m doing is losing money. I had a correct call this morning, but got frightened out too early and took a $100 loss, but then 45 mins later it did what I forecast it to do. What a mess! Trying to...

TJ Just looked up EUR and USD on TOS and there are option chains. Wonder how you trade these? Same as the OEX? USD 35 Nov sell PUTS 1.05 with a .45 cents spread EUR 230 Nov PUTS at $5.00with a $5 spread. Care to enlighten me how these work? Looking at BIG CHARTS I would seem...

TJ Just looked at the USD and the EUR on big charts. Seems to have the same pattern as the OEX? Wonder how you trade options on these two? Maybe I'll bring up TOS and see what they have for options on them?

AFTER THE MORNING GAP! I´m still stuck in my OEX PUTS. Waiting for the market to go down? ( grin ) In the meantime, I´m trying to develop a short term trading system that works. Just got a bright idea this morning around 1 a.m. and will try it next week. Such is life.

TR Actually I was waiting for entry into TOS to go LONG CALLS when the data finally caught up and it gapped DÖWN. So I changed my order to LONG PUTS Down. Plan a short trade of $2 if I can get it. As I don´t think there is much downside room before a bounce. In the OEX to 540 on the...

Goonier This is not weekly, I´m trying the DECEMBER options. Since this is my first foray into this after giving up credit spreads, have got some learning to do. Not sure if there is another thread for this, but since the ones I´ve been kibbitzing on here with are here. Just...

I´m trying to figure our how to trade stock options. I did 30 contracts of 20 cent OTM INTC yesterday and it moved my 5 cents and I closed it this morning for $150. But since commissions are based on the number of contracts, I ended up with $110 round turn commissions. Only made $45 on...

Elite Trader Hmmmnnn! I´m not sure I do get the idea? Lets say I had 32 wins and 2 losses over 8 months. What then?

Elite Traderf Okay I'll bite? The mystery about honoring your exits. I presume then you trade the credit spreads in a directional play? Would that be right? Not in a TIME DECAY mode. Or maybe both?

CREDIT SPREADS CREDIT SPREAD TRADING I HAVE LEARNED IS A 100% WIN TYPE OF TRADING, OR DO NOT DO THEM AT ALL. NO MATTER THE MISTAKE, BEING GREEDY AND SELLING TOO CLOSE, OR ADJUSTING AND CLOSING WHEN THREATENED, OR ANYTHING ELSE. MY EIGHT MONTHS OF EXPERIENCE SHOWS ME AT LEAST THAT TO WIN...

Just caught your message. I´d already closed out of THINKOR SWIM Went back in, but I didn´t find any premiums at 575, or even 570. The closest premium was at 560 strike in the OEX. I remember looking this morning and didn´t see any premiums either. I would enter if it was 6% deviation...

Education is an admirable thing but it is well to remember, from time to time, that nothing that is worth knowing can be taught. (Oscar Wilde) I thought this was cute.

Michael I´m out of them. But it´s Sunday and just satisfying some curiousity. Was looking at 6% otm options in the weekly and 12% otm options in the monthly. Looking to see if there were any premiums. This is a safe distance if you can find an index. Can't find any such premiums...

Michael What index were you trading credit spreads again?

TJ USD is down EUR is down E Mini almost going to down.

Trading Journal NOW you tell me cover my shorts.? I just put one on. 2 contracts Nov 555 OEX PUTS @ 9.30 I'm admittedly nervous about it, as it is going against the trend.