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I think the Northeast has some beautiful areas, and I agree the change of seasons in the Northeast is probably the most dramatic, but I agree with what Waggie said. I lived in upstate New York when I was in college and the cost of living in some podunk town in the middle of nowhere, with one...

From your description of objectives, my suggestion would be that you have your core trend position in place to start (i.e. long/short your directional underlying futures position) and THEN consider the options writes against it. The advantage to this is that you would presumably already have...

Vega and Praetorian made great points. What they are relating is what happens in real time when you are trying to hedge this position. Basically you are taking a stand on what you believe the upside range extreme is when selling the call, but at the same time you are reacting with the hedge...

I dont want to speak for Romeo, but as someone who has also employed a similar strategy. One thing that I want to mention is that in a low implied volatility environment like this one, you do have to time the market with more precision, such as Romeo is doing fading intermediate tops and...

One of the few vendor types who I think has written some decent material on options trading is David Caplan. I think he might be worth a shot.

yeah, kudos to Afterburner. I think this was a quality journal as well...

The one thing that I see absent from this thread is the fact that a number of openings will have a different flavor based exclusively on positioning ahead of a 10:00 AM ET report. It's easy to forget about the reality when looking at intra-day bar charts after the fact, since the frenzy and...

I always thought the guy was a good actor. I think he was typecast for the role in Three's Company, but he still had alot of acting talent. I think the movie Skin Deep was a good example of what great comedic talent he had... Also, it might be just my impression, but he did seem like a...

Essentially, Grasso is a bureaucrat getting paid a star's salary. So, yeah I do see quite a difference between A. Rod and Grasso. It strikes me as similar to politicians who run for elected office to get rich, it sets up a huge conflict of interest...

yeah, I have Matrox parhelia and have used the other Matrox cards like the G550, G450. I would say that Appian is a step up from Matrox in light of what I have read about conflicts between co-existing video cards. For instance, I had an impossible time with a G450, G550 combination and the...

I think its the G200 and its a PCI card.

Actually, I think he should take notes on what his contributing writers are doing. IMO, they provide solid analysis without any fluff.

Unless they did transfer some accounts from traditional brokerage accounts to Cybertrader like someone else mentioned, this does speak volumes about the sentiment levels in mid-June when the SP was topping out for the summer. I remember well that the bullish sentiment was in the high 60's and...

The big difference for both ballclubs at this point in the season is that they are FINALLY beating the teams that they should beat and hanging tough in the games with top notch teams. Case in point, the White Sox had a tough time with both Detroit and Cleveland all year long, now they are...

I think its a winner as well. For years people have speculated as to why there hasnt been a VIX futures contract and finally with CBOE seat prices way down in the dumps, they have become more innovative in launching new products.

IMO, the best overall "broad brush" book on options. Other books such as cottle, caplan, etc are more creative and artistic. Natenberg's is more scientific and rigid.

It does have all the characteristics of the "fifth wave" so to speak

My best advice would be to read the Fibonacci Trader Journals that Robert Krausz wrote and included for free on the homepage for Fib Trader. Aside from that Perry Kauffmann writes a bit about it in his book Trading Systems and Methods.

I agree completely. I think that there are any number of books out there that will walk through options in a generic way. The books that give you some creative ideas are the ones that are worth the effort. Certainly, Cottle fits the bill. I also would suggest some of Caplan's books were very...

Correct me if I am wrong or if any of you guys recall the post Labor Day call by Dan Niles in Sept, 2000. If you remember, Niles downgraded INTC pre-market the Tuesday morning after Labor Day and the market immediately turned. It was a similar structure to this years market going into Labor...