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a lot of people like to say this, or something along the lines of "If you still think options is a zero sum game then you don't know options" While I believe that your direct seller or buyer could also be a winner...i am inclined to believe that somewhere down the diluted line of exchange...

hahaha....yeah, i try to forget the whole 2000-2003 era. But in the grand 50 yr scheme of things...the avg "player" is better off sticking their money in the S&P as opposed to trying to buy puts and calls on stocks they like. I think for the avg joe who doesnt put in the time to learn options...

Hey daryl...you sound a lot like some blog that I read awhile ago that some Calendar Spreader wrote...talkin bout "becoming the house", etc...basically, like 26 super long posts about how people who bought options were gamblers and he, the calendar spread seller, was the house and would make...

Wow...I thought SPX Credit spread trader journal was fairly safe against the spam...apparently not.

1415 is pretty close for a normal vertical spread

wait...I thought index ETF based options were not treated the same tax wise as the index options....is SPY an index ETF based option like QQQQ? i think they said index options are 60 long term/40 short term and equity options (including index ETF based options) are not. that being said, i...

Yeah, I would have liked to hold on and see how the day turned out but my day job required meetings all day, so i had to decide what to do before my regular work day started. I've been burned by the SET before from 10.5 out, so I try to avoid any SET risk whatsoever. Looks like tommorrow might...

back to the main topic at hand. BTC the 1470 position for .15 debit about 15-20 min. ago when SPX was down 1.4 or so.

Yeah, I am in the exact same boat (1470/1480). I actually had a .05 debit close order throughout yesterday that never got filled. Saw the .1 possibility this morning and didnt bite...we'll see what tommorrow holds

you know...I've been using TOS's probability formula (1sigma=stock price*volatility*(SQRT(Days to expiration/365))) and it is different than if one used the delta as a measure of probability. Where something that is like 1.3 sigmas out using TOS's formula is sometimes shown to have a delta of...

nvm...i ran it through optionsxpress's trade calc and saw the margin requirements change

So, I noticed that if I do an iron condor the margin requirement is the difference between the two short srtikes...does that mean you can sell as many on either side as you want? I find this incredibly hard to believe. I set up one for SPX a while back for 5 contracts on each side...but i...

Hey guys, I notice that a lot more people are trading RUT now as opposed to SPX. What are the benefits of this? I notice that one can get more money from similar OTM credit spreads, but with this increased return,it seems that there also increased risk.

Does it really matter if the FOTM spread "loses" on paper by a relatively small adverse move? The CTM spread guy now has to pray to the Market Gods that the index will reverse and go back in his favor, while the FOTM guy just has to wait for expiry. I think CTM is great if you're an expert at TA...

Wow...this line has starting getting a few more supporters of CTM, ITM spreads. I still dont understand why some of you think CTM is safer than FOTM. CTM and ITM get great profits if they work, but you have to be awesome at predicting where the market is going or you will get burned badly. For...

traded spx weeklies when I first started and was taking in like 5-7% returns/week. It was friggin awesome for 2 months. Then I got burned by the SET on one week where the SET was 9 points from Friday opening and I thought I was safe at 8.8 away after Thurs. close. The SET was basically the high...

So, after all the wonderful conversations here about Put Diagonals, I decided to give it a try about 4 weeks ago for Oct./Nov 1265/1250 put diagonal when SPX was at about 1314. Things were going along swimingly. Even slight rises in the SPX made the position okay. I was still in the black at...

I have been waiting since friggin Sept. 15th for the market to start falling! heck, I've been waiting since mid Aug. Even though my current trading positions are hoping for a fall in SPX over the next 2 weeks, I'm not holding my breath. People are defaulting on their mortgages or unable to...

It's fake. No one would do that trade. And anyone who was capable of selling 100 RIMM calls naked would have to be pretty well off to begin with for the brokerage to let them sell naked calls, plus he would have to have 100k minimum in his account. No one with that kinda of money would do...

Uhh..again, how are we continuing to go even further up? It's almost like the market is so close to the top that it kinda artificially is pushing it there. You remember how Bonds was so close to Babe Ruth's record? So, the Giants would change the rotation to give Bonds as many at bats as...