Search results

This is only my second trade on OIH so it is still pretty new to me. I tend to stick to credit spreads as I am more comfortable with them, I like to have theta working for me. It is just a personal preference.

There would be some slippage so I would probably net about .35, but yes, not a bad profit for a few days. I don't have plans to buy it back yet though, holding out for it to move closer to 145.

As with everything concerning options, it depends. Depends on time to expiration, where you place your short strike, etc. I use ToS and can use their software to calculate what my spread value will be under different conditions. If you don't use ToS I'm sure your broker will have an options...

I chickened out yesterday near the close and got out at $1.05. Probably could have gotten out lower if I waited until after the close, the mid dropped down to .85. Oh well, didn't make as much as I could have if I would have gotten my fill last week but I am keeping a profit. I just hated to...

Leverage for options which are already leveraged? I'm not sure I have heard of that (not that I have really looked). Is this unique or are there firms out there doing this sort of thing? On the surface it sounds interesting so I checked out their web site and I sent them an email but haven't...

The market is up 13 points right now, I might have to take back the drink offer :p. Here's to a breakdown in the afternoon like yesterday :D!

This strong upward move today is hurting my first attempt at a put diagonal. My position is: STO Aug 1200 put for $12.00 BTO Sep 1175 put for $13.60 Current mid is $1.55. I can close it now and take my small lumps or roll it into a Sep credit spread. I think I will just take my lumps...

Will you go ATM at 130 or will you go CTM?

I'm thinking if I ever want to get filled I will have to leg in, not an ideal situation but may be the only way to get a fill. I just checked the volume on the puts I was trying to get and they both had good numbers today so I'm not sure what is going on. I should have time tomorrow to see if...

I can't figure out how to get a fill for a diagonal. I put in a debit order .10 over the mid. I left for a while and now the spread is showing a credit at the mid and no fill. What am I doing wrong? :confused:

I took the plunge earlier and got a fill at $1.40. I can see where you are coming from waiting for it to possibly drop down around the 130 area. It looks like it could hold at 135 so I just went for it, could be wrong though. I wouldn't be surprised by a drop down to 130, only if it goes...

What do you think about this credit spread trade: OIH Sep 125/130 puts for $1.40

At least you are getting filled. I can't get filled for the life of me :p.

The only way I have been able to take a full break is to go on vacation to a cabin with no phone or internet service. I was a little jittery the first day or two without my market and ET fix :D. I then settled into looking at the paper every day or two just to see what the market did. I...

I guess I have been dipping my toes into the CTM pool a little too cautiously and looking to close once I get to a "good" profit on the position. Your point and Cache's are very well taken.

I think I owe you and Yip a drink for telling me to be patient :D. The market dropped again on Friday making my profit on the 1295/1300 that much better :). I'm still holding on and am looking for more CTM opportunities.

In #1 you say you trade for income, in #2 you want to get experience by trying. I'm confused :confused:.

If you know any lawyers, doctors or other professionals that have already crashed and want to buy a business let me know, they can buy mine :D! Maybe I could be like Phil and be a full time trader in a secret trading bunker :p.

http://www.legalzoom.com/pricing/llc_pricing.html

Those are charts direct from TOS.