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I haven't heard. I've messed around a bunch with them. In some ways I like them, in others I still prefer the prophet charts.

New software update includes a lot of stuff. Check out the e-mail that you should've received yesterday. {edit} In short, it allows you to tie a ticker to multiple functions so that you can jump from one ticker to another without having to enter the ticker on each different page. IOW, you...

Just a quick question for all you TOS fans out there. I find myself using the "probability of touching" function frequently, rather than the "probability of expiring". While the premium for these credit spreads is based more on POE, it seems that the adjustment strategy for most on this...

You really should remember to factor in volatility both in the present and what you expect for the future.

I should rephrase that, I alread have a position in MRVL that I decided not to add to for the sake of diversification. I missed the chance on AAPL and decided to stay away from BTU.

Well summarized.:D

It is a very rare case that I will open an IC all at once. You need to remember that you technically have a zero expectancy, ignoring commiss. and slippage. If you open the IC all at once, you are receiving a premium that is proportionate to the amount of risk that you are taking. So if you...

Thanks for allowing for deferred payment, given that I was net negative for the day.:D

Nope. Decided to sit this one out. How'd you do?

Agreed. My worst trades are those that I rush into while trying to capture that little bit of premium that theta is stealing from me each day.

Thursday's Action STC 2 BAC MAY 50 p @ 1.60 BTO 3 BRCM MAY 40 c @ 1.80 STC 3 BRCM MAY 40 c @ 2.20 Year to Date P/L Account Value: $12,235.50 YTD Gross P/L: 2,525.00 YTD Commiss: 289.50 YTD Net P/L: 2,235.50 YTD % P/L: 22.4%

Sorry, I wasn't able to make the time to post anything real time today. Overall not a great day to say the least. I wasn't able to sell the SPX bull put spreads before Bernanke screwed things up for me, and my stop was hit on BAC. :( I let this one get out of hand a bit by lowering my stop...

Not just "A" downgrade. As far as I know almost all analysts (with the exception of UBS) have become less excited about BRCM since their last ER. The stock was simply overvalued for what the company expects to earn this year. We are now starting to get close to where it should be. On the...

This depends on all the other factors. For example; Is IV relatively high/low? What is the underlying price target? When and how will you capture profits? In case of an adverse move, what is your contingency plan?

I was thinking about a quick smash and grab on the aticipated bounce the next couple days. We'll see what tomorrow brings though.

Given the close today, I think I might be looking to get in tomorrow morning.

It should find support around 40. If it starts to show signs that it will find support, I think I might even open a small position. In any case, that is a pretty good credit.:)

Unfortunately, I had other things clammering for my attention this morning and I missed the boat on AAPL. :( Really a bad day for me all around. Both DNA and BAC are moving against me hard also. I'll be looking for a good exit/adjustment in both during the next couple days.:mad:

Today's Action STO 3 SPX MAY 1340/1350 c @ 1.10 Year to Date P/L Account Value: $12,447.50 YTD Gross P/L: 2,725.00 YTD Commiss: 277.50 YTD Net P/L: 2,447.50 YTD % P/L: 24.5%

I'll be opening a call spread in SPX this morning, as soon as my order gets filled.