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    SPX Credit Spread Trader

    If you go to TOS class in Chicago, they'd bring you in SPX/OEX pit, the TOS trade page is resemblance to the giant quote screen in the pit. It's designed for trader. Eventually, when you get used to it, you'd like it more than OX or IB. The naratted video is very helpful.
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    Riskarb's combo to fly conversion journal

    Why do you sell back month instead of front month (May) ? Thanks, -Nick
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    How long $3000 will last option trading

    APR 19, 2006 Bought 2X 37.5P APR/MAY CAL. $0.65 Bought 1X 42.5C APR/MAY CAL. $0.55 Here is Ebay on APR 20 after earning in early morning. EBAY $37.70 APR 37.5 38.61% .b/a 40/.45, may 37.5 30.44% b/a 1.25/1.30 May 42.5 30.86% .10/.15 APR 42.5 0/0.5 Here was my projection APR...
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    The "haves" and the have "N.O.T.S." (Novice Options Traders)

    How much does peakinvesting.com charge a month ? I can't find it on their website. Thx,
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    SPX Credit Spread Trader

    I found these posts to be quite funny. I'd better save them before they get deleted. Someday, we could have ET memorable posts. These posts could be one of them.
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    Calendar Spreads

    Here is my procedure. I use ivolatility.com and look at the charge and just eye ball the approximate vol after earning. You can see the spike down easily here. http://www.ivolatility.com/options.j?ticker=EBAY:NASDAQ&R=1&period=12&chart=2&vct= 2. Then I use TOS analyze tab, substracted...
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    Calendar Spreads

    I'm trying to bracket ebay right now. Bought 2 APR/MAY 37.5P and 1 APR/MAY 42.5C. Profit zone with IV collapse is $35.39-$44.38
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    Calendar Spreads

    yhoo is now $33.75 so my calendar can be sold back for little money. The may 27.5P is now 5 cents and 30P is 10 cents. I bought 100 yhoo stocks AH for 32.76 yesterday so now I'm flat.
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    Riskarb's combo to fly conversion journal

    I'd like to see another one on vega as well.
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    How long $3000 will last option trading

    I'm contemplating putting on EBAY calendar: APR 37.5 P IV 76.6% project 38% drop MAY 37.5 P IV 38.27% project 2% drop APR 40 C IV 71.40% project 35% drop MAY 40 C IV 36.64% project 1.5% drop I plan to buy 2 37.5 APR/MAY P and 1 40 APR/MAY call. The profit zone is from $35.48 to $44.
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    How long $3000 will last option trading

    It was a busy day for me. Yahoo has earning announcement today afternoon. The IV on APR 30 put is 91% and MAY 30 put is 42%. I projected both of them to be about 35% after earning. The APR 30 put is at $0.75 and May 30 put is at $1.05. The calendar APR/MAY 30 put calendar is about $0.30...
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    SPX Credit Spread Trader

    I'm very new to this so I limit myself using cash index. This limits my number of contracts too. Andy Smith brought up this point a while ago. You can search his name and posts to get more info.
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    Calendar Spreads

    Yahoo has earning announcement today afternoon. The IV on APR 30 put is 91% and MAY 30 put is 42%. I projected both of them to be about 35% after earning. The APR 30 put is at $0.75 and May 30 put is at $1.05. The calendar APR/MAY 30 put calendar is about $0.30. The profit zone is yhoo...
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    SPX Credit Spread Trader

    I got mine 1345/1355 call at $0.90 when b/a was 0.50/1.30 so it was exactly at the middle. This trade was done on IB. Also, I set 2X 1340/1350 call for $0.90 credit since yesterday. That was my minimum on call side and somehow it was filled in the morning. Now the mid is $1.40. My last...
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    SPX Credit Spread Trader

    Donna, congrats on SPX trades. You made so many good moves. I wish I can have good timing and instinct like you. -Nick
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    The "haves" and the have "N.O.T.S." (Novice Options Traders)

    ES, I checked optionsmart out. It seems like they initiate the trade on Stocastic signal and use that to give them an edge. If the trade is a lost, they will roll out to get credit to offset a lost. It seems to work fine with QQQQ but not with regular stocks . One lost can wipe out many...
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    How long $3000 will last option trading

    ES, yours were an interesting trade. I'll definitely put something there as I belongs to the have NOTS too. One more trade today: Sold SPX 1225/1215 MAY put spread for $0.60. Nick
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    SPX Credit Spread Trader

    IV_Trader, I'm trying to understand your spread sheet and have couple questions. 1. What does 30d strike column mean ? Why do you choose 1000 ? 2. In 30d premium per straddle column, you put in $28 premium. Why isn't that number changed depends on IV ? 3. When you put 60d put...
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    SPX Credit Spread Trader

    Mo, Thanks! You are always very helpful and provide clear explanation. How about 30d and 60d ? Does that mean the current month and next month expiration ?
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    SPX Credit Spread Trader

    I've read "STRIP VOL" many times on ET forums. Can someone please explain what it mean ? Thanks, -Nick
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