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I agree the last 4-5 years have been very volatile, and we can't "know" a Trend will continue. But Trend Traders believe there's a much higher "probability" an established Trend of higher-highs and higher-lows will continue into the future rather than stop or reverse. So I generally enter...

Thanks for a load of good ideas! I pay my eIBD Subscription so they can find all the stocks with good Fundamentals and Uptrends for me. Don't really feel qualified to do it myself. Then I choose a few stocks based on their charts (look for steady long term Uptrends, Bull Flags, Support &...

Great image! I can see 'em all bouncing around in there.... Thanks. :cool:

Novation? Learn a new word every day... Will look it up. Thanks.

All good points. Weighing out all those factors and making a judgement call is where the fun is! (Of course it's more enjoyable if you get it right rather than wrong.) 30 days was my simple answer, but sometimes I can tell way sooner the trade is a lost cause and I get out. Other times it's...

Traveler, diaoptions, TskTsk, & Put Master: Thanks for your serious, non sarcastic comments and info. Personally, I think it's interesting finding out about what Options Contracts really are, and how they actually change hands, etc. I certainly haven't read or heard much about it...

Where is the actual Put? Is it a piece of paper in a safe, like the old stock certificates? Or is it totally electronic? Are the current Buyers and Sellers names and/or account numbers on it? It is a contract so it must be filed somewhere, no?

I've read conflicting info about Options Contracts and CUSIP and ISIN numbers. Does each Options Contract have one or both of these numbers so it can be traced?

I probably should know the answer to these questions, but I don't. Perhaps it's a "brain cloud" thing... Anyway, say I sold a 500/495 XYZ Bull Put Spread when XYZ was at $503. Then XYZ falls and the stock price is currently 492. Now the Buyer of my XYZ 500 Put decides to sell his Put...

If you're not a teacher already, you should become one! Mucho Gracias. :cool:

And Implied Volatility is the same as the $VIX, which is a computation based on the sale of Puts? The "Fear Guage"? If so, what about the sale of Calls? They must count too for the Delta to go up when traders are optimistic. :confused:

Very clear explanation. Thanks. :)

Sorry, looking at that slide rule brought back a flood of boring memories and I fell asleep! :) But seriously, if you have the patience to explain these formulas to me I'd be grateful. What I think I know is: Delta = the amount the option moves for every $1 movement in the underlying...

Did they do this stuff back in 1973 with slide rules? :eek:

Must be 3 different formulas for sure. Some of those numbers are pretty far apart. Don't know what the pros and cons are for each, but all 3 are probably (!) OK for a rough guide at least. Thanks again everyone for your comments! :cool:

Here's some of today's calculations: AAPL August 600 Calls: Delta: .36 Prob. ITM: 31.46% Impl Vol: 30.20% AAPL August 620 Calls: Delta: .25 Prob. ITM: 21.75% Impl Vol: 29.50% :confused:

Here at last!! Help!! :D

Just checked, and the Prob. ITM is roughly the same as the Delta - though sometimes it's off by 3+ points.

For further confusion I went to thinkorswim Support! cman: We're currently have a discussion on Elite Trader Forum about your OTM, ITM, Of Touching Probability Calculator. No one quite agrees on how you come up with the % numbers. Could you shed some light on this for us? Mike: For the...

I really appreciate you keeping at it jnbadger. ATTICUS!!!!!!!!! WE NEEEEEEEEEEEED YOU!!!!!!!! :p