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    AAPL weekly strangle

    By "vol was flat" i thought you meant ... well, that vol was flat.
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    AAPL weekly strangle

    If ToS paperMoney can be believed IV on ATM options (360) was just about 40% on July 15 (when I bought a 360/360 straddle). I guess they haven't updated for yesterday but on 7/18 ATM options (stock was 373) IV was 58%.
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    AAPL weekly strangle

    Why not put one on a week or two before earnings? IV should be lower and either it gets a chance to drift to one side or the other, or if not you can always sell it the day before when IV is higher. Edit: I did some paper trade long strangles on GOOG and AAPL. Made out pretty well on GOOG and...
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    @#&( all other taxes. US needs national consumption tax

    Consumption tax is also a form of wealth tax. I am pretty much living off my after-income-tax savings for now, so why should I have to pay again when I spend it? OTOH I hate the IRS and think it should be abolished.
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    Ameritrade Raising Option Fees

    I wonder if they will do it for Thinkorswim too? So far I haven't seen anything from them, but the monthly expiration notice has been coming from TD Ameritrade since December.
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    Collar options trade

    It's a synthetic diagonal spread. Long stock+short call = short put. Short put + long put at different expirations = diagonal.
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    Definitely not good news.............

    It was Karl Rove and company who wanted to grant the Executive branch the power of a king. Look what they got.
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    Spreaders: how are you position after the job's report?

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    What strategies do you guys use?

    Correction: short puts are neutral to bullish.
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    My Option Trading Records

    Must be adding. To get the 2011 results the starting balance would be over 800,000.
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    My Option Trading Records

    Look at this thread, starting on second page with Atticus' posts. http://www.elitetrader.com/vb/showthread.php?s=&threadid=206482 Also, there is a book called Put Options by Jeffrey Cohen that shows how to protect your put portfolio against market crashes. You seems to be doing very...
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    Does The Number Of Contracts Effect Filling?

    You can ask them to use the same fee schedule for paper money as your real trading account. Even 1.25 is high. Breakeven with Schwab (8.95+.75/contract IIRC) would be 12 contracts at 1.50 and 18 for 1.25 for singles. Plus I think they only charge the ticket fee per order so a vertical spread...
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    Does The Number Of Contracts Effect Filling?

    A bit off-topic, but what are your commissions at TOS? They are very expensive except in the case of small volume combined with no ticket charge pricing. I was playing around with their paperMoney selling IWM strangles in 20-50 lots. Over the course of a few months I was up about $5K in profit...
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    Zerohedge Down All Day ??

    Not ZH, GodlikeProductions. It's gotta be run by spooks.
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    Zerohedge Down All Day ??

    Just mention "Tavistock Institute" there. Well, not if you want to be perma-banned from the site.
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    Trading Long Straddles

    Is that an absolute 10% stop or a trailing stop? Do you have a link for this strategy?
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    Trading Long Straddles

    I haven't read the middle 10 pages of this thread yet, but I was just reading about a guy who mainly does long straddles/strangles. He puts them on before an earnings announcement and closes them just after the announcement. For example he just did one on RIMM, opening 25 JUL long at 34 on Jun...
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    Famous option traders

    How about Cramer himself. Didn't he claim to account for a high percentage of option volume at one time?
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    Famous option traders

    Exactly.
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    Famous option traders

    From the article: That should have been a red flag.
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