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Look, I love my DITM bull call strategy. I do not want to change it unless there is a really REALLY good reason for doing so. On the other hand – it ain’t fun having your very best positions begin to take on the aspects of the enemy. You get lucky and you put on a spread and the stock...

Thanks to atticus and optioncoach for their input. To optioncoach: I agree with everything you said in your last post. About synthetics - (short response cause I have to go) Like you said there are many ways to tweak a spread to make it work better. My problem with put spreads is only this...

The commission structure you mentioned did exist, but it was a little more daunting to a newby (like me) than you imply. That type of commission structure and like Optionetics too (I think) was not friendly to a small player just starting out with a small account to play with. It forced him to...

There were no trades on Monday June 2. Today's activity: SOLD: 5 NOV AUG 45/50 @ 4.85 stock at 84.2, net profit 561.00 (hit a GTC order) BUY: 3 EWZ JAN 75/80 @ 3.75 stock at 97.6, comm=5.28 (wanted to add to my 5 spread position, now have 8...

Today's activity. SOLD: 5 WY OCT 50/55 @ 3.70 stock at 62.40, net LOSS of 159 Good example to my post earlier today. I haven't been in the position very long. Today the stock dropped over $5 on news of proposed corp actions. High volumn day, with steadily decreasing price all...

ammo - Thank you for your post, and clarifying your earlier post. Excelent idea. I don't think I would be inclined to use it routinely for protection against unforeseen events. But most damage to an individual stock comes during the time of an earnings report. A bad earnings report can not...

Chris311 I think you answered your own question. Diversification is a major safety tool. When used correctly. I ceased diversifying into sectors that I don't beleive in, just for the sake of diversity. I diversify within the sectors I like. And weight my sectors according to my confidence...

I tried using a spread sheet and documenting every little move and every result. Total waste of time, too much data to enter. I now use the statements from IB and let them calculate my FIFO REALISED GAIN or LOSS. But I want to track the "position history" of a complicated spread that I have...

Well the whole point of this thread is to answer all the questions you have asked. And it will take some time, and the answers will develope as the thread progresses, I hope. But here is a start: If you throw a bunch of darts at a list of stocks and open DITM bull spreads on them at a...

Today's activity: SOLD: 3 TEX JULY 45/50 @ 4.9 stock at 71.5, net profit 224.4 BUY: 4 FCX NOV 80/85 @ 3.85 stock at 114.85. expected gross profit = 460 Working off the paper loss in PMI with covered calls: BTC 3 PMI JUN 7.5 STO 3 PMI SEP...

No trades today. That only means that my trading account, on display here, is pretty much fully invested. It does not mean there are no good trades today. Today and yesterday, I found a few good positions that I used in other accounts. As an example for today, I found NOV JAN 55/60 @...

Thanks, Sam. Actually LANL, in tunnel instrumentation. It's a sad little project right now, but I have hopes for the future.

Today's activity: No trades today. SU and WFT shares spit 2 for 1, so some spreads were "converted", no meaningful financial impact: (of course the option symbols changed) orginal spreads: 3 SU SEP 70/75 3 WFT AUG 55/60 5 WFT JAN 65/70 converted to: 6 SU SEP...

sg20 - I'm totally unqualified to answer a question like that. Sorry.

I can't think of a strategy involving options that is more conservative than this one. Limited risk, limited profit, as safely DITM as you can reasonably go and still make a good yield. I could almost say, odds are in your favor, but that is only true if the sectors, stocks, and timing are...

Thanks swilner. Right. What would really be helpful is a "liquidate first" instruction with an algorithm that limits the number of shares to be sold as those needed to satisfy the margin. Or, better yet - a conditional command you can set up for each short call position whereby, if...

Today's activity: BUY: 5 SUN JAN09 30/35 @ 3.8 stock at 44.35, expected gross profit = 600 (Yeah, we're buds again. & I want my 344 bucks back.) BUY: 5 DVN JAN09 90/95 @ 3.75 stock at 118.3, expected gross profit = 625 It...

Today's activity: SOLD: 3 SUN AUG 45/50 @ 2.05 +$4.2comm stock at 45.95, NET LOSS = 443.4 (risk management move, running out of time value, very little hope for recovery.) Personal Note to SUN: We're done. You are banned from my portfolio. You sucked...

optioncoach: What I described is not speculation. It happened to me with IB. I had a position in FCX, a few months ago. The short calls were exercised. By IB's rules you have 10 to 15 minutes the morning after the exercise to manually fix your account, i.e. exercise the long calls. I'm...

reply to dr sean: Thanks for the comment. I think my answer to your question about volatility opinions is "probably not". My stock selection process (when I follow my own rules correctly) is top down. I pick my sector, and then find the best stocks I can, then find among them the few...