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Dipper, Your correct, the option doesn't even have to get back to its previous closing price before it sells. Example: Option closed at 2.50 Entry: -25% off the closing price = 1.875 (round to 1.88) Entry: 1.88 Exit: 1.88 times 1.25 = 2.35 Exit: 2.35 (never had to even rise to yesterday's...

Your making one assumption which is incorrect. Your assuming the system says, "Lets buy a call at the open of the next trading day and the SPX will rise enough to give that SPY option a +25% to +30% profit." Nothing could be further from the truth! That would place the system in a one...

Its works on average performance over time and then underscores the profit potential to adjust for a 75% win/loss. Obviously it doesn't watch the news for bad or good economic data or earnings reports.....etc..... These random events are responsible to at least 25% of the trades losing.

The system is simply saying: There is NO short term put trend=Don't trade puts. There is NO short term call trend=Don't trade calls. It only outputs trades when there is a 67% to 90% probability of a +25% to +30% profit in 1 to 2 days, based on decades of same option data trend...

When I read the stuff you write, my blood pressure goes up and my heart starts pounding. I can see that I am going to have to put you on ignore so I can't see your insulting posts. Also, since I don't understand how options work, I guess I should write I.B. a check and return the money I...

Due to physical disability, I no longer could go outside my home for work. I needed to find a way to earn income from home. I always really enjoyed long term investing in the stock market, so I decided to give short term income trading a shot. I didn't start out with high blood pressure...

Not exactly. I can see you need more details to understand. Let me take another shot at this (without totally giving away the farm): Lets take two options on the same index, a call and a put that closed approximately in the 2.00 to 3.00 range. 1: The relationship between the "open" and...

There's a misunderstanding here. onthemoney3 said: "I think everyone would like to see live calls." In my mind, I have always thought a "live call" is publishing a trade before "anyone" has been filled. I have always intended to publish my trades with a minute or two after my fill and...

Without consideration to there being a rule preventing it, my systems architect and I briefly considered total automation but then we realized it wouldn't work with our system because the opening option price can often times gap down under our entry price. This totally skews the trigger...

Dipper, I have not responded to a single one of your questions or comments (until now) because I only respond to individuals who act in a civil and respectful manner. I am older person with high blood pressure and heart arrhythmia and cannot afford to be stressed, so I have had you...

The formula's were originally designed for OEX options. My reference to "decades of data" was with respect to OEX options, which is what I traded for many years until the late summer of 2007, when the "new world order of volatility" took over. Adjustments have had to be made to accomodate the...

That is exactly what I said I would do in my first two posts and I will.

The problem with live calls is: There is almost 100,000 ET members. If I call a trade "before" I entered it and only 1% of ETer's attempted to enter my same "exact option strike" with the "same exact entry price" that I am using, my chance of getting an entry filled is "highly reduced."...

Ricty & Prevail, You have both asked if this would work with futures. The answer is no. The programs are designed to look at both sides of the market data: long & short (call and put) .....with respect to these specific formula's within the programs. However if I had several months...

2008 year to date attached.

Intuitive logic is a formula for reversals or confirmation built into a program. Its not "me" being intuitive, its out of my control. Its the program being intuitive based on the formula programmed into it, and the intuitive program doesn't have the final word. It simply outputs its result...

I have tested this system with QQQQ options. It doesn't work as well. The ability to create a 25% to 30% profit "regularly" is simply not there. The same size market move that creates a 30% profit for SPY options only creates about a 10% (roughly) profit for QQQQ options. The SPY to SPX...

I guess its possible that it could work with options on the ES, they are so new I never thought about it. Its kinda like when I was using OEX options for years and all the sudden SPY options came along. I never really thought about using them until market volatility exploded mid-year in 2007...