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I have to laugh...those August pivots could have more or less been for today. :)

Yes, That was why I disclaimed real knowledge. :)

Have you ever looked at Peter Hoadley's option add-in? It will automatically calculate a delta/gamma hedge for you -- for just one thing... www.hoadley.net More generically, if you are near a bookstore McMillian goes through an example or two in his Options as a strategic investment...

Certainly no real retrace so far. I was just looking at the financial calendar and noticing it is a busy week for data.

Another basic question here coupled with an observation first...and many thanks again for being willing to explain your thinking to a real novice. In some sense, I am starting to think about the basic 1 week no-touch position as the equivalent of the OTM puts that are being discussed on the...

Short term thinking there...

This is kind of obvious I am sure but... If I followed the implications of what you were saying with respect to the expansion pricing + quasi symmetry, then wouldn't a no-touch trader be partial to setting positions immediately outside the recent price range as opposed to just inside it --...

Yes, I saw the protection aspect. I just figured the likelihood of 1218 vs 1210 as being very different based on recent price action -- always nice to have your cake and eat it too. But I don't know the pricing for a 1210 so it's impossible to be intelligible about the tradeoffs of moving the...

Off the top of my head, isn't the 1218 inside this week's range? The 1210 sounds nice and safe. Not so clear on the risk of 1245 for the next trade though -- like anyone could be. :) Being somewhat conservative, I would have hoped to see some sort of pause in this last move up first. Big...

I wouldn't take anything away from today's action except your profits. Low volume, low pace, probably going to deteriorate as the day moves on...

Here is a link: http://sourceforge.net/softwaremap/trove_list.php?form_cat=77

Interesting that you say that WLD isn't doing well. I was surprised by the number of people on ET responding that they use WLD. If they had continued independent, I think they would probably have been number 1 instead of number 2 in the poll. There is a new IB adapter (3rd party) coming out...

You meant Long Dec 160p yes?

Cool... good management in the face of adversity. You must think VLO has short termed bottomed today to exit the short call so quickly. Looking forward to seeing how you adjust the position going forward.

Could be another shot at it today...

I'm a fan of QD but I have to say I find it somewhat amazing that a technical support question is being answered outside of the QD site...:)

He's playing for a breakup. The stock going lower actually doesn't hurt him long term as it forces management to make changes. It's the fund managers who get killed by GM heading down and any wrong sided hedge funds/derivative players -- although the latter have probably learned their lesson...

It's not that pensons were a bad idea. It's that pensions have been mismanaged and corporations allowed to avoid keeping them fully funded. GM's entire business model is faulty. If they had had to keep their obligations fully funded -- like paying the interest on their debt ya know -- then...