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So, I entered a credit spread for SPX weeklys this past week for 1285/1300 which expired OTM on thurs. Optionsxpress said they were worhtless and eventually even showed that I had no positions on it left....then, this morning I found that I was assigned for the sold calls and was Bought to...

Bloomberg TV and msnbc

uhhh....did you congratulate yourself on your post? anyways, so....Odd Trader made a good point in that the odds aren't stacked against you by the market makers...tho, they can sometimes be a little speedbump in the road to options success. The beauty of options trading is the...

I started utilizing weeklys about 4 weeks ago...the weeklys are interesting cuz you really toe the line between what's acceptable risk and what's not and once you're in, you pretty much ride the wave to the end. It's been okay so far, no bruises...but did have one close call 2 days ago when the...

so...is it CTM (close to the money) or NTM (near the money) or JOTM (just out of the money)? :p

btw...the SPX Credit Spread Trader journal is pretty awesome!

yip pretty much hit it on the head....GREED! Just because you are successful at one system doesn't mean you shouldn't try to compare it to others and see if you can find a better one...without acting on our desires to try new things and better our already "decent" situations, we'd all still...

So...I wanna hear people opinions on the two I have been doing vertical credit spreads for a while with a lot of success...but from what i gather in these boards and from books, many like diagonals better because the long position retains value and could even make money...and if it does...

you think optionsxpress will update their program if I IM them that TOS can do it?

So...Optionsxpress's trade calculator does not recognize different expiration dates between weeklys and monthlys...so, if I try to set up a diagonal spread between a weekly and a monthly, it just tells me I'm setting up a no-profit debit vertical spread. Anyone know if there are other trade...

Hello, So, I've been reading Headley's Big Trends in Trading and he has a section on Put/Call ratio He states that a ratio of over .8 is considered an oversold situation, where a ration below .4 is considered an overbought situation. However, if you look at put/call ratios for...

Thanks!:D

So, I've been doing credit vertical spreads for awhile and I wanna try some diagonals, to see if I can get more profit. FOr those with experience in these trades, how does one close out the trade if the short is ITM and the long is OTM? Does one sell the OTM and then let the short get...

ch. 4 of natenberg's

Most books have the equation for that...just copy it into excel.

taking solely long positions on calls and puts is not exactly the least riskiest approach to options trading and many on this board would call it outright gambling (and not on the casino side) BUT, if you do it, I would suggest 1 strike OTM, 60-90 days from expiration. If you are extremely...

just one note: I saw that atozcom wrote about some strategies you can do while I was writing my spiel. Butterflys are a bad idea IMO. It is a bit like playing roulette, pick a number, if you hit it you win big, if not, you lose your money it is "low risk" cuz you only lose what you put...

directional plays in specific directions are very difficult and many think that they generally wont work over a long period of time (ie, you may win in the short term or in stretches, but eventually you will lose over the lifetime of your trading career) Like the other responders stated, it...

yeah, i guess you guys are right...i mean, its the same 10-20 people on this forum, and we dont affect the funds that use options to hedge against their stock holdings, who probably make up the real majority of the 6-10 mil trades/day and those on this forum that are habitual gamblers aren't...

Do you guys believe that what you say here affects the pricing and availability of options? ie, teaching people to hedge and take certain positions turns people who would be "gamblers" into "bookies", limiting the number of bookie opportunities on certain lower open interest options. Or, also...