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Yes! Thanks to Donnap for contributing and chiming in. Us beginners need lots of help. I didn´t see his blurb until after typing my response to you. My apologies for ignoring him. TJ Your article was long on fear, but vague in usefulness. I kind of like technical articles that tell...

Stanford You guessed right on my problem. I guess I was tired from too much multi tasking today. I apparently was looking at the premiums on the CALL side instead of the PUT side for closing. I had lunch, a rest, read a book a bit to relax and just came back up 5:15 p.m. and checked out...

Stanford I can´t learn this one? Try it! Index at 523.61 place a Bull Credit PUT spread at sell the 525 at $6.00 buy the 520 at $4.20 credit of $1.80 Close the spread with index gone up 3 pts to 526.27 buy the 525 at $5.70 sell the 520 at $8.30 So what if...

Stanford Think I have those calcualtion figured out. Make a bit over $100 in a 2 or 3 pt OEX move with that trick of using the credit spread in a directional play. Using 5 option contracts, Considering you could follow a trend that way, might be a way to go.

TJ Or Stanford I´´m trying to figure out this credit spread deal here. Would one of you or anybody else double check this for me? The credit spead was in PUTS, a bull credit PUT spread. This was Larry Bergs way of trading directionally using credit spreads. I guess I would have...

Stanford Market on close are usually day trading orders. This trend is still going up. It doesnt increase much, too slow for making money other than credit spreads. I estimate if it going to keep going it will do so for another 24 OEX points. A second leg, or wave so to speak...

Elite Think Whats a moc? Yeah! I insured my puts with a debit spread in Calls. Hopefully I can make something. Trend is still up, until we get a big correction swing one day. I´m going to have to look at LONG straddles and strangles and see how they work.

Stanford I was losing up to -$1500 today for a while. I see now before the close I´m only negative -$300 As TJ says, tomorrow will tell on the breakout move. I don´t need much to make a profit if it will go my way.

Stanford Falconview, just read the latest Monthly Cash through options newsletter and interesting to see that over the last 6 years, many of their losses have been with the calls when the market was going up! Seems opposite to what we had figured...

TJ I have no weekly credit spread. Ran out of time and couldn´t get premium where I wanted it for safety. I am long some puts. Got a question for you. ASSIGNMENT. I´m not clear on this. Are you assigned at closure, such as Expiration? Or can you be assigned at any time a...

I´m fast running out of time for a weekly expiration credit spread. Can´t get any premium inside my safety parameters. Didn´t get filled yesterday either.

QQQQ and NDX in a sideways trading range box. Only the OEX made a new high today.

Just took a look at TJ´s Euro and USD, they are both sideways to down? What does that mean TJ?

Thursday morning Couldn´t get into a credit spread yesterday, nor so far this morning. I´m long some straight PUTS so that is bad news so far. If this market is going to continue in a bull trend from the horizontal box it was congesting in, then there will be another 30 points...

Stanford Here is some stuff I never followed up on and tried. 1) The Credit Spread should not be allowed to lose more than .40 cents, then it should be closed out. The Spread narrowing makes it profitable. If the spread widens by .40 cents, then close it out. Take your loss. 2) A...

Stanford thanks on the info 50% over your received premium, ADJUST. The roll over, how far in strikes do you go?

This market continues to go up, but it is so small an increment, it is hard to see how you can make any money with a long option right now. The velocity and volatility is too narrow. I had IV of 17, on a spread this morning. The thing with a DEBIT spread, you can halt TIME DECAY if you want...

Stanford Whats this explanation with 150% of premium adjustments again? For the credit spread? You are using that right? I re-read your pge 47 but it is confusing and don't want to sit down and pick it apart. Probably easier to run an IRON CONDOR for a month and do the adjustments and see...

Stanford Ran across this in the internet. Thought you might like the reinforcement. _______________________________ 8 Keys To Success Here's a simple description of the plan we will use: Only place trades that have a 70% or higher probability of profit. No more 50/50 coin...

Stanford That is fantastic! Can hardly believe it? I would think off hand with no experience you would lose your shirt and underwear. When you get done for this month. Give us the adjustments you made, cost in commissions and so forth for what adjustments you did and the effect on...