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  1. M

    Short or long Earnings

    I havea question about how to play earnings. Now obviously this would be a case by case scenario but looking at 2 possible choices, short the IV spike or go long gamma for a big move. What would you have to consider before choosing?
  2. M

    Who's stupid enough to be shorting these levels?

    I love it how Obama has been in power for a few months and suddenly it's all his fault! Let's hear a big cheer for all the retards who voted for dubya. Not that any of this is his fault of course!
  3. M

    1/4% Tax on all stock trades pushed in NY Times today

    Well its pretty obvious whats going to happen isnt it? All the other worlds exchanges will welcome traders with open arms, youll have proxy indicies popping up all over the place and the ETFs will just register elsewhere. Its like trying to introduce a salary cap in European Football
  4. M

    Calendar Spreads

    Jones, yeah I hear you. thats kind of the theory I was running with. Theres a time and place for every strategy and for Calendars, now is not it (although Im sure there are always exceptions)
  5. M

    Calendar Spreads

    Right, thanks Mark. Im interested in learning more about calenders but I keep coming back to the conclusion that now is jsut not the time for them. Im sure if you look hard enough there are candidates for any strategy, but woudl you agree with that generaly?
  6. M

    Calendar Spreads

    Mark, thanks for that that is one strategy I had considered. What is the advantage of setting it up that way, over a regualr Condor spread?
  7. M

    Calendar Spreads

    Ok guys, last time I asked for some help on Condors I got a heap of help. ( thanks everyone who contributed). Im back again, this time asking for some insights on Calendar spreads. I understand the basic theory of them, but am yet to have much real practical experience trading them. As a...
  8. M

    Option Newsletters

    Thanks Zorro, never look a gift horse in the mouth
  9. M

    Option Newsletters

    Does anyone now of any informative option newsletters? something that offers good market roundup analysis and trade advice. Looking for something that I can follow to help improve my understanding of options not just make money off. Thanks
  10. M

    Iron Condors

    What kind of exposure does everyone consider acceptable IR Delta,Gamma, Vega? Obviously the actual number depends on the total contracts traded, but does anyone use a ratio to monitor their total exposure? ie, never let gamma/Theta ratio get over XX
  11. M

    Iron Condors

    Obviously it wouldnt be the best hedge in this situation. But the idea would be with multiple positions over multiple stocks then you could reduce your overall market/sector risk in the related ETFs. A lot of my analysis results start with , provided the market doesnt tank/ take off...
  12. M

    Iron Condors

    gkishot, could you explain yourself a bit further.
  13. M

    Iron Condors

    Guys, thanks for the comments. Exactly what I was hoping for. MTE, Thanks for sharing that. Point noted on time till expiration. Just out of interest, how many trades a month do you find that meet your minimum requirements? Dagnyt, Yes I am comfortable with the RR. While I dont see...
  14. M

    Iron Condors

    ok, guys. Here is one I have put on (not yet complete). I would appreciate any comments, thoughts or criticism (constructive hopefully). It is well within my risk limits, so there is nothing to worry about there. Small size to practive timing the market. The call side was put on yesterday and...
  15. M

    Iron Condors

    Id like to get some comments on actually entering a condor. Do you wait for the underlying's price to be right in the middle of your Condors strikes before putting it on or do you wait for the price to get close to one of your strike prices ( Lets presume the underlying is in a range and youve...
  16. M

    Iron Condors

    Thanks, thats about as complete an answer as I was hoping for. I understand Risk/Return can be a very subjective area, just wanted to make sure I was playing the right game at least.
  17. M

    Iron Condors

    Another question, what kind of RRR do you consider acceptable? What would be the minimum credit you would need to consider entering a trade? Ive seen examples of Condors being put on for a net credit of under 20 cents, but that doesnt seem to be worth placing a trade for..... I have an...
  18. M

    Iron Condors

    Thanks to all so far, this has turned out to be quite an insightful thread. I have a question for all the IC Traders (I know there wont be a right or wrong answer to this but anyway) do you trade your ICs 1:1 or do you ratio them? If it depends on the situation, which would you say...
  19. M

    Weird question- SPY leaps

    institutional hedge??
  20. M

    Iron Condors

    now thats a whole other discussion.....
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