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Thanks for sharing Richard. I am picking most of what you are sharing. I am many levels below you as far as option trading. Will watch and learn like you say, its the best way to learn. EF

Completely agree. for some its their main strategy. EF

Unless you want to own the stock, but i am not there yet. No naked options for me. ,,, Although there is a guy here on et that has a whole thread about it.

Good thanks Richard for the update. I am sticking to the 60min and keeping it simple. I doubled my actual trades and it lets me sleep better at night. i am going for the same amount dollar wise weekly, but now i do it in 9 positions instead of 4. I find my pnl line is smoother... Do you got...

I was wondering how everyone is doing with weeklies. OR if more people got involved with them. I am sticking to indexes and some slow etfs. so far so good. simple spreads and keeping it small. Ef

Makes total sense. thanks P-M. EF

Thanks P-M, i will check it out. whats your take on buying a leap and selling calls against it on monthly or weeklys??. I keep on seeing posts and sites talking about that strategy. They are using FAS, QQQ, SPY etc... EF

Soild,, completely solid. Do you have many positions on at once.? I am sure you have very good size management . EF

I see there is some decent credit to be had even until thursday morning for the SPX weekly, thats where most of my live trades have been. I can still sell 20-25 points higher than the market. (bear call spreads) Small and with tight spread. By midday its decaying quickly and friday the decay...

Its not true??. I may be mistaken then, it seemed like there was more credit to be had on spx while i was looking at them. I could be mistaken i cant see now, data is off for IB option. EF

Thanks Xyannix. I noticed there is a big difference in the premiums on spy and spx for similar strike levels. I am sure someone more experienced than me, can say why. EF

Grey Poupon,,, made in new jersey.,,lol,, This can be verified, no lie. EF :D

thanks P-M I thought thats what you meant.. EF

"It's those who are using "bilateral" limited border strategies, who are having a difficult time." Are you talking about condors here?? I am a novice at best, not totally familiar with all the lingo yet. thanks Ef

Has anyone been selling bear call credit spreads on the SPX weeklys??. paper traded since dec, live since mid-jan and its going well. How your experience selling verticals on weekly?? Has anyone sold a weeklys against a leap?? I am watching FAS,, looks like a good candidate. Just...

Ok, thank you. I appreciate your feedback sincerely. EF

I notice many people on this board do credit spreads on options. Whats your take on this strategy, ?? Can it be done in a consistent manner in the weeklies. ? What i am looking for in the weeklies is possibly another income stream using options now that weeklies volume is getting greater...

Thank you put master. EF

Thanks PutMaster.. i understood most everything you said and it makes sense. It doesnt make sense as you say to earn cents on a trade where there could be large money to be made elsewhere. I am going to sound like a complete ignaramous/caveman, but regarding options. I will admit i dont...

Turkeyneck hasnt answered, But i am interested in the same topic. I am interested in weekly as well. I think i would have a higher probability on weekly, but as stated above there is almost not enough credit for it to be worth the trade. Do you have any insight? I am not an advanced...