Search results

Yeah, I couldn't get filled either. I was looking to finance my call hedge. :mad:

Decided to put on an upside hedge on this down day (first time I've ever done this) Bought 10 April SPY 133 Calls at $0.45 This represents about 25% of the credit I've received on SPX bear calls for April.

Check out this chart on how program trading accounts for most of the volume (courtesy of etfdigest.com)

Agreed. But on a bull call there is still a short position that I guess could get exercised, couldn't it.

Coach: I'm seriously considering buying an XSP or SPY hedge for my 1345 short. I've never placed such a hedge before. Would you mind refreshing my memory on how you decide between one or the other. Isn't the XSP European style so wouldn't it be preferred if I plan to purchase a bull call...

Thanks, Coach. And I assume that for a retirement account I don't need to submit anything or include it on my tax return. I understand that any advice provided is just that and I need to consult my tax accountant/attorney.

Didn't I see something in ToS that might provide a download of trades executed for attachment to a tax return. If so, can someone remind me how to get to that data. Also, is there something similar with OX. Thanks.

Coach: Are you looking at any bull puts today?

LOL. Have a great weekend.

I knew it! That's why the prego fly among other "baby" metaphors started creeping into the journal. Congratulations! Do you know the sex or have you decided to wait and be suprised?

I had a similar experience. My office mate had (has) a really attractive wife and I was trying to use a new word I had learned. She and I were talking about sports or something and I was trying to say we could be on the same team. I replaced an "m" with an "n" and had instead said that we...

No need to apologize. I'm always amazed by the abilities that some people have to learn other languages. For example, Sylvia Wadwa (sp?), a German correspondent on CNBC, speaks absolutely amazing English; better than I do. She does have a slight accent (beyond just the British accent), but...

Coach: Just curious. With a Panamanian (sp!) wife, how many languages do you speak? BTW: I don't know how the rest of you feel about this, but I always encourage young people who are given an opportunity to live abroad to do it. IMHO, it gives one a broader and not just US-centric...

Cache: Your observations on the difficulty of learning another language (esp. Asian) suggests that you have a gift for learning languages. To expect to lose a foreigner accent in 1 year is amazing to me. I speak fluent German and even learned it as a kid. After two years in Switzerland (I...

Chris: That's an interesting comment. I lived in Switzerland and felt the same way after my 3 years was up. Now after 15 years back in the US, I look back fondly at those times. My goal is to spend 3 to 6 months a year in Europe and the rest of the time on the West Coast. Trading options...

There's a lot of activity on this thread today. Doesn't anybody work for a living any more?? Am I the only one still working for the man. :) I was thinking about what our economy would be like if most people traded options for a living. Once I retire I know I'll be trading full time...

ToS really is the best for us retail traders. But, you should know that their web-trading platform is poor compared to OX. If you travel and can't connect with the platform (the Java download to your PC), the web-based trading is practically useless. You can monitor positions okay though...

Pretty good month for me. Return on margin = 6.3%

I'm also at the same level as you and Ryan. I have a 1345 short strike for April. I'm considering some hedge strategies that I've never tried before: box, prego fly, etc. So it makes sense to start considering how to do these now so that panic doesn't set in when the time comes. I've never...

Is anybody out there trading credit spreads from a retirement account? I can't seem to get a clear answer on whether the IRS allows this or not.