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geez...ok I'll admit it to the world I'm mathmatically challenged....cost was 4.00-3.30 which is .70...thats what happens when I don't use my fingers to count:D

rolled (short part of cal) WFMI FEB to MAR 72.5 to 70 at a cost of .90

I did get filled on SHLD..was looking at the Mar/Jun cal but decided to go ahead a get a buck for feb....so BTO 5 115P cal Feb/June (+1.30 Feb -8.10Jun) debt 6.80 BTO 10 115/120P diag Feb/Jun ( +1.25 Feb -10.50 Jun) debt 9.25 The March prem should be good. hoping to cut the debts on both by...

Having slept on this...I agree...in an IRA where you have no margin its allYOUR money and opportunity costs at stake. This conversion looks for a small edge which in purchasing the "tiny" wings initially I think eats up that "edge"...the best thing is to try it in your IRA paper account...I...

I was just commenting on the fact that his Scottrade account would not let him trade options in IRA which I think is incredibly short sighted on the part of brokers since options do give a person a way to hedge and protect their IRA....PDT rule not a big factor in most option IRA accounts since...

I'm trading my IRA at TOS which allows all options with defined risks...only option not allowed is naked calls...am doing calendars, naked puts and everything in between

I did do the calendar..I'll post on it tomorrow...

I got the excellent part tooo:D:D very clever

Nick...I did ok with CME but I purchased the stock...THEN sold 1 straddle. Later bought back the put rather than putting on the wing as that gave me 80%profit..I closed out the call and I guess made some money on that...its kinda half-assed do-able in an IRA but not as efficient as what RA is...

I've put an order in on SHLD but don't know if it will be filled as VP said sometimes volume is skinny on the put side...also thanks VP for helping me think "outside" the box on these...what I'm trying to do is Jun/Feb 120/115 and smaller number of Jun115/feb115...I'll see if it fills.

Donna alert! sold 25 Mar 1190P (half my allotment) decided prudence better part of valor as I'm concerned that Feb 1225 could be in danger next week and if we go down some more which my bones and charts seems to suggest I can use those contracts to finance my Feb cover. but what the heck do I...

Hey coach..Thanks so much for the BOX idea. I actually like it much better than the prego for limiting the downside.

Hey Cache...I have thoughts on both IBM and SHLD..fwiw... I LOVE IBM....in the mid to low 70's :) last summer did some call and call debt spreads when it was mid 70...making decent coin..it certainly could go there... SHLD...been following it for some time. While Eddie L. did a fantastic...

since its only you and I right now I assume your talking to me:) actually I don't have WR Grace...its Whole Foods..WFMI and your right about front month but thats because tomorrow is earnings. I'm not sophisticated enough in these cal's that I have much filter. My background in stocks has...

Its me...Tim and I are from different planets...:eek:

didn't see the second paragraph...they do emphasize the importance of the over-all portfolio management...and yes it is important to weigh each trade within the position as to how it affects the overall position as well as the portfolio. I guess that is why they don't recomend too many...

At every seminar I have been to they DO NOT even mention SPX as a trading vehicle other than don't trade it :p they prefer the smaller indices which for most traders is probably the best. While I do not disagree with them......I've been making money on these FOTM SPX trades....so far

we just went out to replace the peicee of s..hit black and Decker toaster/oven we have:p bought another pos black and decker:D are you bullish or bearish...looks like kind of neutral

I did get filled on the Mar 30P for 4.40 (yeah) now I have pared down the risk/debt for the May RMBS 30P to 1.65 or $1650 with one more roll left (April). current Delta +55 G -17 T+17.68 V +21.79 WFMI is scheduled to report earnings on Wed...hopefully Thurs or Fri Vol will go down and I'll...

cool I'm fairly bearish on the financials as well...I'll take a look...decided today that rolling RMBS might be good. Feb Vol is 10 points lower than Mar Vol on the 30's but I'm legging out of it...finally got filled on buying back at 2.55 and am currently trying to sell Mar for 4.40 for a...