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Great point, however it is also a good place to share ideas. I certainly wouldn't come here to get stock tips.... Advice and information are not always one in the same.

The problem with delta (directional) option plays is two-fold. 1. Adjusting for Theta (or premium) 2. Delta risk. Spreads can mitigate some of those pit-falls, but it is not just trading a spread, but the right spread. Buying a call-spread with short premium ("juice") is easily...

It's funny - because it is really not the price of GOLD that is at issue it is the buying power of the dollar. I would think, traditionally in a sounder economic enviroment, that Gold is over valued. However, when we take a step back and look at the dollar, short-term rates, deficit, and FED...

Another common method is: =XXXXXX|FIELD!'SYMBOL Both eSignal and Obsidian do it this way. Example: MSFT LAST would be for eSignal: =WINROS|LAST!MSFT for Obsidian it would be: =SLX|LAST!MSFT Hope that helps... there is a sample worksheet for Obsidian offered here...

I use Obsidian. They also have algo trading servers and program trading systems (which are extra). They are tied into Penson, Goldman, and Merrill Lynch.

I know they offer Obsidian Trading Software - which is similar to Think-or-Swim. They clear at Penson.

Yeah - I have been getting long below 135. Think that once the Greece/EU gets a little calm down we could see a slight move back up into the 140 area. I have on the 135 / 138 / 140 butterfly and also long below 135. I think Germany has too much at stake and they certainly don't want to...

Look at buying spreads that get you net short premium. That will give you a static yield and a downside buffer. It will also increase a log-normal distribution probability (which I don't give too much weight to - as I personally believe options pricing models are flawed by their very nature of...

I have actually trades pairs and done fairly well at it. However, it was based on "deal terms" and not typical beta pairs trading. Technically it works very well for trading "deals" (take-overs, spin-offs, etc.) As far as pairs trading, I did consult for a fund to help include options...

You might look at doing ratio Collars / Fences. This helps in both generating static yields and can also give you positive /negative delta bias. Of course - as with anything you have to be right - however a ratio limits maximum risk and also increases reward profiles.

You forgot the most important method of making money - being the insurance underwritter. Casinos and Insurance have the best returns on LIQUID capital.

VIX single digits, ISEE 200, Skew Flat. Hell, I might just go HARD DELTAS (Syn. ITM Puts).

Maybe the hedge funds are OUT of control - if they are being forced to cover their short positions. While most people I talk to agree this is not a fundamental rally (the geopolitical and economical stage is fragile). Being a spec. rally coupled with short-covering will drive this up to...

Concure. That's why I mentioned the skew flattening and ISEE index. However July/Aug high to Oct was a 5% sell off 1240 to 1180. Let's not forget May of this year when ISEE hit 200+, skew flat, and VIX was wedging into the lower 11s. Will I be right? I don't know - but the converging...

I know Mav personally. I have great respect for him and he is able to justify his opinions. While Mav and I disagree sometimes, he is sharp and always approaches the problem from the Risk standpoint. That's very important to note, because while Mav maybe wrong sometimes - he knows where is...

Sorry for the Snip - just wanted to get to the meat. I think this is a pretty good rally we are having, my issue is that it is too steep and too fast. Would have loved to see the rally in more of a solid fashion and hit 12k in the Dow by the end of the year. I guess we can't get what we want...