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Who said that brilliant statements appear only on this Board? Here is a piece of brilliance I extracted today from the other Board. "Prices may move strongly higher or lower after breaking through a moving average." This is so profound that even the disagreeing experts here on ET can't...

Wow, this really is a tough leage to play in. Mav knows my comments were not taken personal nor were they directed at anyone in particular. I was merely trying to divert the attention from the person posting to the nature of the posting. No way I'm ever going to win here. But, at least...

Mav, Tao, and others... What I don't get is the necessity to put the traders in little identity pockets such as Vol Trader, Directional Trader, or Whatever Trader. To me that is tantamount to formulating an opinion of someone's behavior based on one's Zodiac sign. I have shared with the...

Chris and others...you're right. This is a tough crowd, as as Mav indicated in a previous posting, there is an adjustment period. However, I don't agree with him and others who tell me that the rough tenor in here enhances one's knowledge over the long run. Maybe time will prove me wrong. We...

Mav, you have a gifted way of expressing yourself here. I found your comments on directional trading to be especially thought provoking. No doubt the views of others on this very important topic would be appreciated and helpful to all. Bob

Either that or they're Googleing the Greek alpabet. Have a great day. Let's not all die of boredom because the market is closed. Bob

Thanks, Coach. You and I have had some real good exchanges for a few years now and I always respect your advice. As far as just ignoring a bad response of the type you have described...you're probably right. But, I'm just not programmed that way. If I see something I believe to be wrong...

Maverick, we've got a good discussion going here. Can you elaborate on your use of the term "benchmark"? Another thing I'd like to put on the table here. In the earlier posting you brought up the subject of a good volatility trader. As you and I both know, Implied Volatility (IV) doesn't...

Maverick, your statement, "There are two ways of making money in this business as far as I know. You either need to be a damn good directional trader, or a damn good volatility trader." A lot of excellent food for thought there. In that posting you made reference to certain things a...

Wayne, are you asking me to retroactively reconstruct a butterfly and take it from beginning to end? That wouldn’t help anyone because it would disingenuous on my part because I could easily look for a stock that has performed a certain way and then use it as example to prove profitability...

MTE, I wasn’t going to post here any more. But your posting requires me to comment here. I don’t consider myself an expert on options and truthfully don’t know diddly squat about such erudite things as synthetics, put call parity, etc. I also know very little about any strategy...

Daddy’s Boy, what I am doing doesn’t necessarily have a name. While I might from time to time have a feeling which direction a particular stock is going, the truth is that I really haven’t a clue whether it is going to go Up, Down, or Sideways. I don’t believe that anyone else has a...

Daddy's Boy, I am attempting to extricate myself from these Boards because I'm frustrated by so many of the responses that seem to have only a provocative motive. Nevertheless, you seem like a real nice guy and have asked a question that deserves an answer. True, in a large sense the...

Ursa, thanks for your posting. Looking back at my item #1, I should have used the term "low net debit" as opposed to "cheap". On second thought, maybe I should not have done the damn posting to begin with. The whole point in #1 is that you have to go out in price to reduce the...

I have a typing mistake in (1), above. What I intended to say is that the further the strike price of the body leg is from the present price of the underlying stock, the lower is the net debit. (This is something I picked up about a year ago, while sitting in Border's Book Shop perusing one of...

Daddy's Boy, thanks for the posting. You inquired as to whether you might have missed something. Either you did, or I was not clear in what I am trying to say. First, a 95/110/120 is not a natural butterfly where your broker would not require a cash hold back. For that, you would need...

Ursa, generally I like the long butterfly (the OTM variety) for the following reasons: 1) Cheap...further away the body is from the strike price of the body, the lower the net debit. The maximum risk is the net debit. 2) They operate independently of any other positions you have open. No...

Here's a cute little follow up on the AAPL Combo I currently have, which is: a) Short 800 shares b) Long 8 July $95C The net negative deltas are approximately 325. Several choices for me here. This one is cute. Buy 10 July $120C's. Haven't looked at the chain but it should be...

Hi Major. I take it you would not like to see any discussion here on the subject of Butterflies. No problem with that. If several others feel as you do, I'll keep my thoughts to myself. Bob

Butterflies....just wondering if there are any butterfly lovers in here and would like to take part in a discussion of them. I am biased to the Out of the Money flies. Reason: the further out of the money the body is, the lower the net debit. Same is true for In the money, but the problem...