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Your overall success depends more on good management skills than strategy selection. I don't you don't believe that at this stage of your career, but it's the truth. Long calls and long puts is the path to the poorhouse. You will get enough big winners to keep you hooked. just like a slot...

This is not a married put It is not a protective put. You bought stock. You sold the put. This is called going very long. The protective put is BOUGHT along with stock. It is NOT sold. Mark http://blog.mdwoptions.com

If the put options you purchased are OTM, you must know that you are only locking in gains below the strike. Mark

'Place a limit order' to do what? Obviously it's sell. "13 points" is $13, not 13 cents Why would you use a trailing stop if your exit price is $0.55? I do not believe trailing stop orders are allowed for options. Mark

Enter a limit order, sell to close, limit price $0.55 Mark

Mark

1) Please forget VIX calls. They are not what you think they are. they will not respond as you hope they will 2) Hedge with SPY options. 3) Several good choices - and truthfully, there is no 'best' choice: a) Cover some of the call spreads, locking in a loss, but reducing exposure...

1) NEVER trade when you do not know the rules. And BIG Money? Are you insane? 2) Sunday is when you should get the true value of your account, not Saturday. 3) If you did not want to exercise the options, why didn't you sell them? What did you plan to do with them when you bought...

Mark

You have it all wrong. I mean 100% 1) Write = sell 2) When you sell a put it does not matter whether it is covered or uncovered. But covered means you are short 100 shares of stock for each put sold. 3) When you write a put, you have NO rights. Only option owners have rights. 4)...

That is an amazing insight for a rookie. And yet, it's so 'obvious.' You would be amazed to learn that the majority of beginners believe the world has come to an end if they are assigned an exercise notice. Mark http://blog.mdwoptions.com

Honestly. Did you believe that someone who promises to double your money - twice per month - could be honest? Just the promise, all by itself, tells you they are not legit. Thanks for sharing. Mark

MTE gave you correct information, but as a stickler, the reply to your questions are; The overnight futures play NO ROLE in determining the settlement price. ZERO. 1) SPX, RUT, and other equity and index options expire Saturday morning, after the 3rd Friday of the month. 2) The...

It's okay to have fun, but the purpose of investing is not to have fun. If you do not respect your money, it will not remain yours very long. You can get IV data at no cost. It is published weekly. To get historical data, best to collect the data going forward...

1) Holding is a high risk play. I want to be certain you know that. 2) They do not close at the open tomorrow. 3) it's much more involved that that. 4) You do not learn the official settlement price until approximately 1PM Friday afternoon. The settlement price is a FICTIONAL...

Yes. What most people don't understand is the the Greeks serve one purpose. They allow you to measure risk. Once risk is quantified, you may - if you so choose - reduce that risk. That's the beauty of options. It's highly likely that your broker offers a chart that shows the change...

Hi KOS, Your list of books is fine. But you need a beginner's book (Rookie's Guide - I wrote it). Nice to be 'stoked' but if you believe you are going to make money by buying out of the money options, you are sadly mistaken. Options are designed to reduce risk and if you take high risk...

You must keep some extra cash, in case you want to adjust the position in a manner that does not decrease margin. Owning insurance is a sound, conservative play. But spending half the money to insure the other half is over-doing it by a large amount. If you spend use 60 worth of margin to...

I have no solution, but why not ask the man himself: peter.h@hoadley.net Mark

You can help them understand the advantages of using options to hedge those stock positions. I believe the majority of individuals make the mistake of buying options <ark