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I pay zero attention to volatility. When I was trading equity options, I definitely was paying attention, and I took some losses that disillusioned me so much I liquidated and found something else to trade. Futures options. It's a breath of fresh air. I have witnessed volatility hardly being a...

My biggest draw down did not exceed 2% of my total capital. The usual draw down is about 0.8-1.5%. I usually sell for about $1,000 of premium. Using my double premium loss stop rule, I buy back if the option rises to $2,000. So my loss is usually just the amount of premium I received. So I give...

I'm not recommending he do it. I'm just detailing how I do it. Whatever one wants to do with whatever I say is totally up to them and them alone. Certainly, practice makes perfect. I practiced using the thinkorswim paper trading platform for several months with NO CAPITAL before I put $1 into...

There are no symbols of a futures option but there is for the futures contract itself. For example, here is a trade I did back in June, which is still open. SELL 10 /CLU1 1/1000 (mmy 201109) AUG 11 130 CALL @.09 LMT The symbol would be /CLU1 which is the September Light Sweet Crude Oil...

You have to open a margin account (which if you trade stocks you probably already have) and then a futures account. Really, all they're doing is allowing your margin account to now trade futures and options on futures.

The Bible is not a textbook.

There are too many to list. I trade them all at some point. The sectors I guess would be, energy, agriculture, softs, and metals. You can find these listed here http://www.cmegroup.com/ A real-world example would be: In June, I sold 10 July $130 call options for $900 premium on light sweet...

You didn't debunk evolution. You just showed a complete lack of understanding with it. Who says anything has to be planned? You? What makes you so sure? Do you just feel it? You just know, right? And we're all supposed to take you at your word. Any rational, logical, person who appreciates...

Selling far OTM futures options on various commodities for time value. I choose my risk and know exactly what I am getting. Something you don't get by buying options (by themselves), stocks, or futures.

Why should we buy corn if they just announced a record planting season?

That's why I hate selling equity/index options. You have to sell close to ATM to get any reasonable premium. That's why I sell futures options.

50% is my target. Maximum risk on a particular trade is a 1-2% loss. Expected gain on a trade is the same. I make money by simply making more winning trades than losing ones. 80% win rate is my target.

What you want is a long-dated option with a delta as close to 1 as possible. This requires a far in-the-money (ITM) option for the high delta. So if the delta is 1 or -1 (for puts), then you'll get your 1 to 1 move on the futures contract. Long-dated options have slow time decay so you won't...

Why do you think I don't trade the VIX!? I did said this is what I would do if I traded VIX options :P

This takes the cake in radical libertarian racist idiocy. You should be ashamed of yourself.

He's not interviewing for a job here, jeez, give him a break.

I am bullish because the S&P 500 failed to break below the 200-day moving average. I would be very bullish if the S&P 500 broke out above 1371. 1344 serves as an intermediate resistance level.

Not all, but a huge sum are. Sadly, the proportion is high too, compared to Europe or developed Asian countries. America's average man or woman is totally oblivious to reality or basic common knowledge. You have to be alarmed when half the country believes that an imaginary old guy in the sky...

Your logic is correct until it isn't. The market and oil can certainly rise together as they have done in the last two years. That should be your option D.

They can say the same for greed. What's optimal is a balance between greed and empathy.