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  1. J

    What it takes to develop a profitable trading system?

    This my 20th year trading options. Here is a few lessons I have learned in the last 20 years: [Lesson 1: Advisories and Newsletters] In the first several years I tried every option advisory and newsletter there was at the time. Only a few intermittantly made money but those eventually...
  2. J

    Poll : How many years needed to learn day trading ?

    ---------------------------------------------------------------------------------------------------- "Nomad, Your trading accessment for success is the ismost accurate that I have ever read!" I am in my 20th year of trading and everything you said above is dead on: 1: Quote: "Need an Edge...
  3. J

    Option Trading Journal.

    Here's a website that provides a free highest implied volatility list: https://www.barchart.com/options/highest-implied-volatility
  4. J

    Call Out Your Potential Option Trade and Let's Discuss it

    Larry, I do have a steady consistent thing I trade daily. I have traded (and still do) a mathematical based computer program signal generation for years and I even posted some live trades on ET in 2008 (Purely Mechanical Option Trading) and 2012 (Purely Mechanical Option Trading Part 2). Age...
  5. J

    Call Out Your Potential Option Trade and Let's Discuss it

    Unusual Option Volume yesterday (4/25/2016) on a stock that trades low option volume: DDD (3D System Corp) June 18 Put (exp. June 17) Symbol DDD160617P00018000 Volume: 3,259 / Open Interest: 544 / Closed at 2.02 on 4/25/2016 Today (4/26/2016) the majority of the Volume moved into O.I...
  6. J

    Call Out Your Potential Option Trade and Let's Discuss it

    Nice quote boxes OG! Did you notice in the Quote boxes that the stock went up (intraday) only +.40 ( < +1% ) higher than it previous closing price of 47.25, but the option went up (intraday) +.51 (+49%) higher than its previous closing price of 1.04. Something unusual is going on here and so...
  7. J

    Call Out Your Potential Option Trade and Let's Discuss it

    --------------------------------------------------------------------------------------------- Let's keep track of this option's price activity until the large block of O.I. disappears. Today 4/25/2016 data (the 1st day after the open volume event) on the LUV May 47.5C: Prior Close: 1.04 /...
  8. J

    Call Out Your Potential Option Trade and Let's Discuss it

    Ok, I will start off first, here's mine for today. Here's some option data that makes you wonder, does someone knows something about LUV? Does Unusual Option Volume Translate into a Trade Opportunity? Date 04/22/2016: Company: Southwest Airlines (SUV) Option Symbol: LUV LUV160520C00047500...
  9. J

    Straddling Exit Thoughts

    I did this from the 1990's up to 2000-2001. Here is my reasoning for buying 2-3 weeks before a company announces their earnings: When you buy lower priced ATM (or slightly OTM) options that have 2 months left before expiration and you are limiting your total call/put debit (total cost of the...
  10. J

    Straddling Exit Thoughts

    CBC, its actually a good strategy to close out 1 leg after that trade has doubled in $$ and hold the other leg as long as possible, instead of just closing the whole trade out. You basically have a free trade at that point, so any positive gain in the leg that is left open is pure profit. I...
  11. J

    How do you come up with options trading system/plan?

    Let's get down to the real nitty-gritty part of option trading. The learning curve of option trading means your account has to survive while your learning. Capital preservation is the number one key that allows a new option trader to have longevity. Regardless of what trading strategy or system...
  12. J

    Looking for automated Trading System / have clients / need system

    traderbiker, Here's a simple suggestion that eliminates all the legal problems and negates the worry over system knowledge: You need a signal service (someone that provides a trade signal without the knowledge of how it was created) that sends signals to an autotrading broker. 1: Have...
  13. J

    best option strategy for my quant stock trading system?

    11-28-12 04:31 PM To show how smoothly a quality large cap low volatility stock moves using 2nd month ITM options, on 11-28-12: the INTC stock was at 19.90 the INTC Jan 17.5 calls were at 2.58 In the past 2.5 weeks INTC stock dipped lower to 19.46 and The INTC Jan 17.5 calls...
  14. J

    Purely Mechanical Option Trading Part 2

    I have been off this month with Xmas stuff and the family, however I do get a day or two to myself now and then. An ET member recently PM'd me and asked if I thought these math based formula's and programs work with the QQQ options. My immediate response was, "probably but the trade...
  15. J

    My OPTION TRADES..... part 2

    "Now come on now PM, your at least a 9.8!"
  16. J

    My OPTION TRADES..... part 2

    PM, To me, it seems like your doing the same thing with stock options that Karen Bruton (i..e..Karen The Super Trader) is doing with Index options. She initially sells naked puts....if the position becomes troublesome... the economics of the overall trade is balanced out selling naked...
  17. J

    Karen the "Supertrader"

    Don't make too much of that line, she was just kidding. If you watch the video, Karen and the interviewer were talking about how she survived the flash crash of 2010. interviewer: "lets talk flash crash may 6 2010?" " Karen: I was practicing my Spanish that day because I thought we would...
  18. J

    Karen the "Supertrader"

    riskaddict, She has 5 traders watching things all the time on the SPX, NDX & RUT (although she said the SPX is her bread and butter) and they are all friends, so she may not need you...ha...ha. On the video she claims only 1 losing month in all of 2011 and 2012 to date. That...
  19. J

    Karen the "Supertrader"

    I have watched both videos about a half dozen times. Here's what I got out of it: She says that initially she sells either naked puts, "or" naked calls and then just watches the "Probability Indicator" on the TOS software. She starts out initially with a probability of that put finishing...
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