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some of my background: trading options in one form or another since 1994. using ib since 2000. i will maintain this journal as long as there is interest in it and my account allows it. i will not put new money in if there is a draw down, but i do withdraw by wire monthly. i will fully updated...

southern, ct. even better point i forgot: i also received a 40ft boat slip , separate title for nothing. others paid up to 50k. i originally rented the slip out until i discovered i needed for myself. i still own it. recently the value reached 15k. it will never ever be near those old high...

missed that ... meant $150,000...

in 1988 fresh out of college, my parents sent me to a condo auction. i bought a $325,000 for $150,00. living there for 11 years, side by side everyday with those who paid over 300k was very interesting. i remember saying to myself....it was never worth that much, why did the people pay that...

all perfectly pointed out. it is so easy to get greedy and walk off that cliff. the only thing i can say , is; i have been writing options for years. i intend on being a survivor. such an evolution though, i never considered indexes, future options , etc until coaches thread.

coach (and other's...) i know it has been discussed before; but we all do change opinions sometimes. when a credit spread turns bad, a .5 credit can become a 10pt debit, being a massive loser. of course there is protective hedging, but it is never 100%. bottom line,when your short is...

mav, i have 12 years writing, spreading etc. so my question is based on that background. i am guilty of being a large span user, and intend on staying in this game indefinitely. so...... can you guide me to where to start the process of obtaining haircut status? i am clear that it may not be...

that article is what sparked my initial questions. was looking for some real world examples.

Coach(and others), since i asked about es options, a lot of great discussion ensued. thanks everybody! my specific question is..... after investigating , do you see yourself considering doing more naked trades with es? they are tempting. back in the day when i sold naked, these...

not to butt kiss.....i could not have ever dreamed of a better reply. it covered the facts and some of the possibilities. thank you yes rally, i see how my question could be hard to follow. i liked mo's answer so much , because i knew basically the correct answer, but was not able to...

rally, regarding es options. clearly the margin is significantly less than spx naked, but can you clearly explain how a spread is different than standard spx? to me, an 1150/1140 credit put is the same (except that it represents half the value), but in real percentage terms how can it be any...

all of us can explain our points better. what i really meant is.......comfort zone or piece of mind is part of the definition of his risk management rules...among i am sure many other criteria to make the whole. i also see the point that ivtrader is making. i still like oc's angle better...

you missed MY entire point. imo, the reason for his adjustment was not "piece of mind, comfort zone" . it is standard risk management rules. i run and own a 50 person business in addition to my option trading. i run the same risk management rules. it is possible that i see it wrong, but i doubt...

all of you guys are missing imo the big picture regarding risk management. i am shocked that no one is discussing this. oc, adjusted. most people here would not have done this. so much was demonstrated when this was done. it shows such things as a business like approach with no emotion. i am...

this has been discussed before (but maybe not enough)..... even though i trade atm and slightly otm credit spreads mostly, i also trade these: buy september spx 1280 put sell may spx 1280 put most of these trades work out fine, some do not...but i do not worry about black swan what...

hey rallymode.... just for essentially reviewing a past question, i stick by my original gameplan above, but since the meltdown, i am out of all call spreads, and i wish i had told all before the meltdown , but since my post i put on some debit put spreads that i am very happy with. debit...

i have many other spreads higher up that i received 1.5 on average that start at 1340; so honestly i plan on doing nothing and take my cash settled loss if that will come to pass. if i do lose the max, my month will be most likely breakeven. in this month, i do not even have any puts spreads...

funny you ask.......yes. i currently have a 1310/1315 call credit spread that i received 2.6 (may)....... without getting off topic, any idea's?(beyond my own of course)

well, to be perfectly honest; been doing otm spreads for 14 years stubbornly rolling any itm positions. never ever lost money because i always had enough capital to repair/roll. a lot of traders may not like this, but it has worked for me. i was never one to overeact, ultimately my trades swing...

since it is a little quiet out there.....we all know that spx on cboe has large quote spreads and also is very liquid. i am looking for opinions on any other index that has "tighter" spreads and is also liquid. i am sure this has been discussed before, but the realtime answers here are...