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WOW! crazy morning for some of the positions I was looking to get into. SHLD up $16 on good earnings. PALM down on a downgrade after the split causing RIMM to rally. Just what I needed 2 days before expiry. LOL:mad:

I know that it is a topic of much debate, but I don't consider the way that I trade to be gambling. I don't ever get as nervous trading options as when I'm all in on even a decent hand. If it ever got to the point where gambling wasn't exciting I would know that I am taking too many risks...

Would you mind posting a few details on how you traded it?

You're welcome, but I'll stick to my instant mac & cheese with sliced hot dogs. :D BTW, good trade on AAPL.

Well, it turns out that I am better at trading than poker. I think the problem is that I play poker like a trader; very calculated and strategic. I seldom feel the urge to "gamble" so I rarely bluff. I'm sure some of the good players could figure me out pretty easily. Anyway, I'd rather be a...

It appears that I could've had better timing on the AAPL bull put. Too hard to time the bottom exactly though. We'll see what happens over the next couple days. Once MAR closes out I will need some bearish positions, so I'll be looking hard. I have a feeling I'll end up in SPX once it gets...

Gotcha. Thanks

Riskarb, What could/would you do with a situation like this one today? IMDC MAR ATM call IV=25% MAR ATM put IV=85% Similar for the APR options too. Or any case where one side has been bid up much higher than the other. Granted the takeover is going to make things go crazy in the...

For those of us that live a little closer to the edge and will sometimes allow the underlying to violate our shrot strike a bit, SPX has one HUGE advantage. It's European style, whereas SPY is American. Now normally I'm relatively patriotic and I like American products, but in this game...

Why don't you save yourself some aggrivation and go with Think or Swim. I've traded with other brokers and these guys are hands down the best. I don't care what anybody says. They've already proven their value to me. Their commissions beat the $5 minimum at Choicetrade, and their customer...

By the way, I'm still bearish on this company overall, just not short term. They jumped up because a high level exec. bought some shares. I don't think that will save them long term though.

Today's Action BTC 2 BSX MAR 22.5c @ 0.55 STO 4 AAPL APR 65/62.5 bull put @ 1.15 Year to Date P/L Account Value: $10,284.00 YTD Gross P/L: 410.00 YTD Commiss: 126.00 YTD Net P/L: 284.00 YTD % P/L: 2.8%

Had to go ahead and buy back the short leg on the BSX bear call. The shorts were 0.25 ITM with one week left. The underlying is having a hard time getting through the support @22.65. I actually think they are going to use 22.60 as a really strong support so I ruled out a possible roll to...

Sounds good. Just wondering what the plan was. Cheers

WOW!!!

I hate to interrupt such a magnificent display of fluidity and grace, but I'd like to offer a few words of encouragement. Hang in there, I think we've all been in a situation before when the underlying for every position goes big the wrong way all at once. Most of your plays I think have a...

Well I was worried about RIMM having an ER before MAR expiry, but it turns out that it isn't going to be until APR 6. Question: Back when I used to play earnings reports, it seemed like more often than not if a company delayed an earnings announcement, when it finally came around the...

Sorry, were you asking specifically how accurate my predictions are? I thought your post was more rhetorical from the wording. I assumed you were making an observation rather than an inquiry. So in response to the question of whether I run those stats, I said yes. I agree that a person...

That's the way RIMM. Back away from that 85 strike. I just need you for another week. :p

All you can do is theorize what the spread might have been at a given time. That's tough luck.:(