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sle Well I´ve been charting the GREEKS to get some idea what they can tell me with a Long Straddle. Neither Gamma or Theta move enough to tell me anything useful The only thing useful has been the IV. That was a useful point that IV can move independently from the VIX. Not sure...

sle interesting. I think I want to know what happens to a long straddle on Expiration Friday. One side goes to .00 usually by 10 a.m. my time. Probably 11 a.m. NY time. If you don´t close out the long straddle before market closes, do you lose the intrinsic value in there, or is...

Forex forex I think I may have a wrong view on Friday Expiration long straddle trades, but not sure. Maybe you can clear it up. Usually by 10 a.m. or so, the losing side has a value of .00. While the winning side is showing some intrinsic value I guess? Which is the profit. Are you...

sle Interesting comments and views. I didn´t follow your first comment though. Well I did the first half, but not the second half. As to the second comment, I´m doubting that it is a THETA problem with 6 or more weeks to go on a straddle. Have no way I can view that in a graph as...

Howard I don´t understand your graph? Why don´t you just state + or - $3000 for the year or something simple?

By the way. Another way of trading the Long Straddle/strangle is that I read of some guy years ago, who was making out like a bandit, that when the market started to trend and he was in with a straddle, that he simply DROPPED the losing side and went directional with the trade. Haven´t...

Forex Forex I noticed that. I quit about 9:30 and went to do some errands, like fixing the car and buying building materials and stuff. But yes I did notice that yours was a winning trade. So the lesson for me, was to switch from a 1.5 hour before close entry, to a 30 min. or less entry...

The WEEKLY trade lost $22 in commissions.

Forex Forex I decided against trading the weekly because of the falling premium values in the August Straddles I´m holding. 3 of them and stopped putting on anymore. Based on half a strike in the QQQ Overlapping straddles. Anyway I put on a weekly straddle yesterday as well. My...

I don´t know any professionals that use stop orders. They might use mental ones, but not physical ones. There may be certain types of trading I am not familiar with that use real stop orders. But for buying plain stocks, I don´t think so. Not for over 40 years. Amateurs use them and...

Agreed, he should be paper trading. One of the problems with using a stop, is that when the market is quiet and the flow of orders dries up, the Market Maker is free to run the stops. You recognize this on a chart, by a sudden long tail in the ongoing trend. THAT long tail is the clearing...

Please correct me if I am wrong. It appears when buying straight PUTS or CALLS in a trend play, that one should first check the VIX-X chart and see what it is doing. Or a Long straddle/strangle for that matter. I think I just made a new rule. It is not enough to have the index move in...

Well 2 nd, or 3rd month options seem okay to trade Long Straddles. But for the heck of it, I just did the IV calculations and a big drop in IV plus also in the premiums. Then I decided I would look up a VIX chart. Got VIX-X. Which seems right on. It is dropping very rapidly. So it...

Well interesting development. The Volatility is dropping and I just took another Strangle based on the QQQ index moving up. Now I´m holding two Long Straddles and one Long Strangle. None of them are making any money, despite the index moving up and the acquisition of them being in a rollover...

Howard I find your graph a bit confusing. What is the percent gain on your account for this year, with that big loss figured in?

Eduamon Thanks for that old man. Will try to read them later today. But I got a real chuckle out of it. You are the man! Gave me a boost, just before the market is getting ready to open.

Wow! That was a meaty and full mouthful to digest. Makes me think, but then what to do? What are the alternatives? I´m looking to make one or two trades a week, that could be profitable on a regular basis.

I like to think of that as the step ladder approach. Works going up and down. Higher bottoms and you are in a trend. Lower pullback tops and you are in a downtrend. Which part of it you treat as a swing trade is up to you. The difficult part is guessing the end of the swing before it...

I forget who told me about wishing to know more about Volatility. I´m tracking the GREEKS this week as well. to learn. Anyway, I am tracking the Long Straddle in the 56 QQQ strike straddle. It is educational to watch. The Average of the two sides of the straddle IV numbers, divided by...

Forex Forex I have a long straddle in paper trading on. But I figure I should put one also in CASH. Since my cash is low, I´m a bit nervous about it. Kinda would like your opinion. This is Wednesday morning as I write this and I believe Friday is an Earnings Report, which should be a...