Search results

This from you? The obnoxious, verbose newcomer who is single-handedly trying to ruin this board? We should cut you a break? You have got to be kidding. Mark

I am trying to emulate what MAV suggested. Inasmuch as he did not elaborate with details, I don't feel I should either. I bought positive gamma without paying negatve theta. Mark

If you were able to consistently pick the right srikes, you would make millions in short order. No fault there, IMHO. Being in a similar boat, I feel the blame is in the adjustment -not the process - but the adjuster. I usually have no trouble covering when the strike is breached, but when...

You are not misunderstanding the penny pricing concept. But it has nothing to do with the situation to which you responded. Mark

I preferred tradung puts in these situations. When I found a suitable strike price: a) below, but near support; b) not too far OTM - I sold puts at that strike. Years ago, they were naked sales. More recently they were put spreads (I'd buy the next lowest strike, same month). If...

Sorry. I cannot help. I seldom traded in the OEX pit and thus, have no useful experience with index options and the market makers who trade there. Another factor: the trading floor is so different today that it was a few years ago, that comparisons are useless. It's much more difficult to...

Months ago, it was easy to get midpoints. Now, I find the MMs often don't budge on their bids and offers. Example: Earlier today, I placed a small order for a Feb/Jan diag call spread to sell at 1.10 when the bid ws 80 cents. The natural bid changed to 1.00 (offer 1.60) and still no fill...

Cannot help, IMHO. The past is not prelude to the future. Mark

Yes. But, I traded those stocks very small because each trade was pretty risky. Too small to make enough money. I still like the idea (and even did a couple this past earnings season), but it requires too much time (researching the stocks and their charts). Diagonals require much less...

If I knew Bill personally, I'd tell him that his ideas have merit, but the disgusting markets made by his membership is reason enough for the ISE to win the suit. Mark

QUOTE]Quote from kapil: Mark and Ryank, Are your returns based on return on margin or your total capital allocated to options? Kapil For me, it's the same. This account is devoted to my diagonal strategy and I am fully invested most of the time. For each 100K in my account, when...

Covered my MID 800s on the recent dip. It was my largest position and it cost me. My monthly return (so far) has been reduced to 1%. That's 3 consecutive months I've lost money during the final few days. Sigh. Am vigorously adding a bunch of different Feb/Jan spreads in RUT. Mark

"Hanging tough"? "Matter of principle"? Your comments above demonstrate that you understand the risk. Why take it? Oh yes, closing costs are important. By the way, it today's world, commissions are (or ought to be) insignificant. Best of luck. Mark

Seems to me there is a long for every short and on balance, no one gets screwed. As an aside, don't you think that people 'gambling on SET' deserve to get screwed? Mark

Thanks Coach. I needed a sell signal (g). Mark

Hi, November has been a dream - so far. My remaining risk is real. The largest short position (MID 800s) was almost ITM when the rally stopped. Of course, that strike is being threatened again, but this time, expiration is just a few days away and I hope to be able to hold the position...

YES! Mark