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First real paper trade for the week. 5 Nov. 530 CALLS sold for $700 - $36 commissions = + $ 664 net profit.

Just a commentry. I´m looking for sure fire win trades. Monthly or weekly doesn´t matter, so long as the likelihood of winning is extremely high, and if you don´t win, then the cost of losing much is very small. I´ve only got one strategy so far. The Weekly Credit Spread. I might...

Trading Journals Guess I missed that one and must remember to double check the USD and the EUR before the close each day and see if I can predict the opening gaps.Thanks! For Elite Trader Was checking the Butterfly. I´m running several variations and only confusing myself. But I...

Elite Trader Thankyou on that tidbit. I think I´ll actually do them when I do them in the XEO not the OEX.

Wow that morning opening drop caught me by surprise. I was all set to buy some CALLS. Still may, but not until things shake out and settle down. No warning on that drop at all.

Trading Journal Could you find time to tell me if ASSIGNMENT is a danger to a butterfly spread in the OEX? I believe it is, but not sure. Well the BULL TREND is still going strong!

Michael Taking a look at your list of spreads, on the RUT I can't see how you would make any money on the adjustment, so I was wondering how you could make a good profit on them otherwise. I see you were roughly following the index up and down. In other words, if I get this right...

Elite Trader Well got on what I THEEENK is a butterfly in the weekly OEX? For learning purposes that is probably okay. Credit Spreads 530/515 +$3.30 - 1.00 = +$2.30 530/545 +3.30 -.50 = + @2.90 If the index expires at 530 will make +5.20 a) Suppose the index does not expire...

Elite Trader Okaaaaay! So the two credit spreads give me a total credit. The problem as I can see it, is the 530 is where the index is. Therefore if I did this in the OEX, would I not be exposed to ASSIGNMENT as the market moved? Should I not stick to European style index options...

Stanford Starting to sound, like you have a workable money printing machine there? I´m delighted for you, as there are no losses at all. When you can design that system, you are in business. Keep me up to date please? I´m still curious, but still messing with weekly for credit...

ELITE THINK Thanks for the comeback. BUTTERFLY Oh boy! I´ve run through this thing about six times. The numbers are driving me crazy. You mention a credit,but I keep ending up with a debit. BUTTERFLY CALLS credit spread CALLS sell 530 @ +4.80 buy 545 @ -.40 + $4.40...

Stanford HolyCriminy! Wow! You have been a busy little boy! I couldn´t make any sense out of that. Did you make any money? You seem to think you made 4% Thats good enough for me to try. I´ll take your word for it. I take it multiple trades. Dropped my keyboard and think I´ve...

Stanford Well in lieu of the adjustment premium thingy of yours. I decided to start by putting on an Iron Condor, 3% deviation out. I could only get the PUTS and not the CALLS as they don't have any premium. Have to wait for market action to do that. My idea is that if I get a one...

Stanford Thinking about setting up an Iron Condor early today. Was wondering about that 150% of premium you use for adjustment. What do you mean about premium? Are you talking the value of the spread itself, or the sold side, or bought side? If you say 150% I take it, if you were...

Stanford Well my take for this week was a total of + $958 $618 on the Monday Tuesday trade and + $340 on the credit spread last half of the week. These were regular trades I am confident I have it figured out, more or less. I did some experimenting with a trading system and lost -...

Michael I don't know. I think for the OEX it is tomorrow morning Saturday they bring it up to date. The actual trading at expiration seems to end around 2 p.m. as the premiums shrink to zero and .5 cents for out-the-money in the OEX. So long as your are in your channel without...

There has been an ad on BIG CHARTS for a couple of weeks that the market technically will drop by Oct 31st. I didn't give it much attention. However the ATR's are changing and pull backs are getting a lower top. So my guess the market top has just been reached and the trend reversal is...

Elite think Butterfly test When you have the time and inclination. I think I had the wrong impression in my mind of what the Butterfly was. Been doing a bit of reading on it. I put a butterfly on, just to see how it looked, on scratch paper using CALLS. The index was at 530 in...

Stanford When you get that analyze figured out, tell me about it please! TODAY's the day for you. You finish your monthly experiment. Be sure to tell me how it worked out, please! VERY CURIOUS. I'm diddling and fine tuning my entry and exits for straight buying of options...

Stanford Got no premium in the OEX to put the other half of an Iron Condor. You might have in the NDX though? I would be looking at a Bear Call Spread at 2175 for a weekly trade, expiration tomorrow.