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Sure--PM sent.

If it's helpful, I have been paying a $5 ticket + $.75/contract since I started with them last fall. I have a small account and trade at most a couple of hundred contracts per month. I got an offer in the mail for the $5/ticket if I switched to their brokerage, and I would imagine that if you...

If you think that a stock may suddenly collapse to zero, then all other things being equal I think buying the monthlies would make more sense. That is because if the stock goes to zero then you don't want to have paid any more time premium than necessary for your option. If you think a stock may...

You can theoretically bid or offer any price you want for any spread, but that does not mean you will get a fill.

Perhaps he meant 20% annualized.

I think using alerts is actually the best way to go, and I would not generally recommend that you hedge a short vertical--I just wanted to present it as an option. (It's too expensive). Just put the spread on in a size that you can tolerate the max loss if it happens.

I do not use OH, but if I understand you correctly, you are trying to protect your credit spread by entering a limit order to buy the spread back, at a price higher than the current market price. When you enter a buy limit order above the current market price (you are willing to pay more than...

One has to respect that atticus actually has some skin in the game here with an SVXY position. No offense, but you have been defending the put-selling scheme for hours against the advice of a lot of market experience in this thread but (it appears) have not actually taken a position in it.

The option prices already reflect that information (underlying price, implied volatility, etc.). However, I think there are two ways in which trading options on higher-priced stocks can give you an advantage over those on lower-priced stocks, all other things being equal: 1. Your commissions...

I definitely agree if your opinion of the underlying hasn't changed, and you are simply rolling out and/or up/down in hopes that the stock won't keep moving against you--which is often delaying the inevitable. However, what if your opinion of the underlying changes significantly based on the...

There are definitely some adjustments you can make, although as other posters have noted you need to be judicious about doing them as they can be commission intensive and you don't want to overadjust. Several examples of adjustments: * You sold a call spread. The underlying moved up past...

Plunge Protection Team http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

Did you disagree with my statement that the options market is very efficient at pricing in the expected move from earnings into the option premiums, or with my being up-front that I am relatively new to full-time options trading? If the former, I would very much like to hear your thoughts on it...

The options market is very efficient at pricing in the expected move from earnings into option premiums; there is no "easy money" to be had. As Steve noted, essentially you have to decide that, for whatever reason, you think the move will be bigger (or smaller) than expected by the market and...

Another potential vehicle is the recently introduced PHLX currency options (Yen/USD is ticker XDN). I traded XDN once this month and was pleased. The bid-ask is wide but I was filled just off mid. http://www.nasdaqomxtrader.com/Micro.aspx?id=phlxwcoproductspecs#jy

+1 on Sinclair's books, Options Trading and Volatility Trading. I suggest McMillan's Options as a Strategic Investment as being a great place to get started with your studies. He goes in exhaustive detail through the different types of spread positions and assumes no prior knowledge. There is...

A couple of thoughts...I think vertical spreads can be a good choice when you have a directional opinion and IV is elevated. As the saying goes, if you have to buy an expensive option, sell one too at the same time. It is critical though to realize what a change in volatility will mean for your...

A vertical doesn't open up to its full value until very close to expiration, or when it is deep-in-the-money. Because you bought a July vertical, there is too much time value left given the volatility of the underlying. If you had bought a May vertical (3 days to expiry), you would see the...

+1 Thanks Nitro.

LiveVol has this; for the last two years of earnings you can see, for a 10-day band around the announcement, the stock movement, the front- and second-month straddle prices, and front- and second-month IV. It is not cheap though (it looks like the price has gone up to $300/month). You can do the...