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Elite think Thanks for the info on Butterfly spreads. Looked it up on the internet and got a nice explanation. It sure does read like something for weekly options. Reads real good. Will surely take some practice though. Stanford, the Butterfly is a debit spread and a credit...

Elitethink Thankyou for the feedback on the Butterfly on the weekly OEX. Haven´t a clue at this point what you are talking about. But the info gives me a starting point to study. I like the weeklies, because you are over with the trade in a given 5 day trade period. You mentioned...

Run my end of day models as TJ calls it. Looking for a bottom on this pullback and resumption of some upward move. See if I can identify the bottom tomorrow.

Stanford I don´t understand the exercise and settlement bit clearly either. I was making a list of the indexes. My understanding is that American style, if you try a credit spread straddling the index as in a volatility play, when the sold lower side moves across and goes from OTM to ITM...

Michael I was certainly thinking of the TOS desktop. I´m more than pleased with TOS. The bit extra in commissions is worth the service they give. Put on my one side credit spread. 50 OEX 520/515 Puts at .10 cents just now. Doesn´t look like I´ll be able to complete an Iron...

Aaaah well!!! Finally got a new wireless ISP around here. Have been using a difficult 115 kbps and just plugged in the new wireless system by a competitor with 2 gigabytes or something. What a difference. Sometime November will set up my cash account now, that I have the computer speeds...

Elite Think Thankyou for the contributions. Gives me something to think about indeed. ---------------------------------------- The short term work is fairly high in intensity. Using a fly I can make as much as 50% on margin on the weeklies but the norm is 5-10%. During...

Well got a return of + $618 net ( Tuesday trade ) 5 contracts Nov. 530 Long Calls today. Return on capital 12% for the trade after paying commissions. Have a volatility credit spread also sitting working, but it needs to go over OEX 530 before it goes in the money and makes a profit.

Stanford I am curious and waiting until the end of this week and looking to hear how your credit spread monthly trades worked out and with the adjustments factored in. The net would be very interesting after the commissions were deducted. As to 15%. Hmmnnn! Shouldn´t be hard. Lets...

Stanford ( 1 hr into market open ) The VIX is currently around 19. I´ve seen the VIX down to 12. Which more or less is a BULL TREND that we are in right now. As the VIX drops it gets more and more difficult to make any money trading LONG OPTIONS. The daily bars get too short, to...

Stanford More in the same vein. Would you be satisfied with a 15% gain for the year trading options? Now think about that for a bit.

Stanford I have known traders doing 125% to 200% regularly. Only a few sure. They use the money earned to pay the bills and live on. So you don´t get ahead that way. It is sort of a small business with a nest egg capital, that you churn. Before this gets out of hand, it is not...

TJ I dont have anything new to the forecast. Still a bull trend. I´m not trading. The moves in the OEX are too small. Just waiting.

Michael That's a good question as I hadn´t thought of it in that viewpoint. Since my plan was to start with $5000 and kind of feel my way along and keep adding in $5000 increments assuming I am winning, then would probably go up to $100,000. Whether that would happen in one or two...

TJ Give me your blog url again please? Your url got lost somewhere in my desk top papers and I´ve cleaned it up over the weekend and probably threw the note away.

TJ I have mixed signals for both up and down moves. Nothing definite here. I´m wondering myself? _________________________________ WEEKEND SUBCONSCIOUS RESULTS - THINKING ABOUT WHAT TO TRADE AND HOW TO TRADE WHEN I MOVE INTO CASH. Here are the FACTS! a) Credit...

TJ or anybody else? I would like to clear up my understanding of ASSIGNMENT. 1) Does assignment only occur at Expiration? 2) In a credit spread, does assignment occur in the OEX, or any other indexes during the trading month before expiration, if the short side of the credit spread...

After 16 months of this, with only getting internet service back in Feb. March this year. I´ve learned a few things. Yesterday I was going through my file folders of notes and recommendations, etc. Weeding out ideas and methods that had been passed over for replacement by new opinions and...

Elite Think and TJ Thanks for the advice on the risks TJ. Again, makes me rethink things a bit. Always a good thing. Elite Think Got a laugh out of the entertainment bit. Thanks! Actually as a self made man and old to boot, I don´t give a darn about embarrassment, or shame or...

Well the only money earned this week, was the Monday Tuesday trade, which was a straight direction buy and sell option trade. Made $1195 net for the week. Was disappointed I didn´t get in a weekly credit spread trade. The premiums were just not there within my parameters. I also learned...