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I was curious what people's home trading environments are like. I have two. My main one is a laptop at a desk in the bedroom. I usually have the radio on low, and the TV has CNBC on low. In the basement I have a desktop, again with a radio on low, and CNBC on low. I don't find the radio and...

This morning Merryl changed their price outlook for GOOG and another stock. The adjusted their GOOG price from 540 to 490. I always smile when brokerage houses/analysts come out with calls like this. Who was it that put a sell on GM yesterday after putting a buy on it 3 months ago? Jesus, how...

:D :cool: I still just think that dummies like me who don't know greeks, who are a little intimidated by them because it just doesn't sink in, justify OTM writing by the reasoning I offered, right or wrong. When you write OTM, of the three things the price of the underlying can do, two...

Um, you can't stop time, it's always moving in the favor of the writer. To sum up, I believe the way most OTM writers feel, Of the 4 things that are happening, Writers have 3 of them that are good; 1.Time decay 2.Underlying stays put. 3.Underlying moves away. Buyers need 1. The...

It doesn't have to move in my favor at all, it can sit still, time is running out. We are talking OTM writing.......

And when I sell my car, the money isn't really in my pocket, because if I bought it back, I wouldn't have the money......:confused: :confused: :confused: :confused: You drinkin'?

Profound....... Actually, you'd lose money, not just the commissions, but if you turned it right away, like the next minute, you'd probably have to pay more than you sold it for. But I'm sure an experienced trader like yourself knew that.........

I've asked myself that question many times. I think it's the mentality that money is in your pocket right away, as opposed to "hoping" a position will go up in value. Great, a National Holiday and this guy's got me looking for a rope and a tree...............

Thank you very much for taking the time to post that reply and explanation. I truly appreciate it.

No offense taken. I'll try to learn, but it is a little intense, and I'm not talking about the circus.

:D

OK, anyone up for a lesson? Here is one position. Short June MO 60 puts MO close 70.91 Delta -.070 Pos. Delta 70 Pos. Gamma -16.00 Pos. Theta 12.00 Pos. Vega -25.00 Pos. Rho 3.00 What does that mean? Am I in trouble, again:( ?

My broker now has a new account view to select, "Option Exposure". It reads from L to R. Symbol, Delta, Position Delta, Pos. Gamma, Pos. Theta, Pos. Vega, Pos. Rho. Great, more stuff to study. I'll have to learn what these numbers mean........:( :confused: Yes, I know I already should...

First off, Do NOT do this. But....... So you say that you're into GOOG for 460? Looks like you bought it in January. Here's an idea, and I do not want you to do this! But, depending on your account equity, overwrite the January 500 calls($14), and don't think about buying another share...

I said no new positions. I've only got one position right now, I'm short the June MO 60 puts, I wrote them on April 24th.

Monday after expiration, and no new positions. See, I'm being cautious.....................:D

uh oh.....

This is a timely thread, they're coming here to Milwaukee next week. I figured the two hour freebie was to pitch their wares. I'd be able to make the Monday afternoon gig. I wonder if they'll talk about my flip of the coin strategy....... :D

I am going to a new approach. Flipping a coin.:cool:

Algorithm, Thank you for your post. Actually, this month wasn't that bad, my real/royal screwup was not knowing Google was reporting last month, and freezing, when some calm action taken would have greatly reduced my loss. Thanks to people here recommending spreads as opposed to just going...