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Eudamon Your Put backspread, seems to be similar to this mechanical method I am trying. Overlapping straddles. Though in my case, you drop and lose the LOSING OPTION side and carry the winner for double the distance. While in your example, you sell the winning side immediately and take...

I get the part where the Long Straddle is when the index or stock is right on the strike, while the strangle is offset slightly to accomodate each side. NO PROBLEMA!

Eudamon That PUT Backspread.jpg was in Straddles? Page 18.

:D Over analyzing. :D I've been known to do that many, many times. I will put the trade on Thursday, this is the weekly right? Will use real money account. I trust your judgment and recommendation, so there it is! You are inspirational and a mentor. :) I did notice that GLD...

Summary of my understanding of the GREEKS were relevant to the LONG STRADDLE. Please correct me where I am wrong. __________________________ LONG STRADDLE TRADING LEARNING NOTES Left alone, the LONG STRADDLE is a pure volatility trade. Buy when volatility...

Found a nice Volatillity chart with ISE Gives HV and current IV at current ATM options. For volatility trading

Welll I got those three messages copied and printed out. I think at the moment it seems too advanced for me. I need more experience with just plain Long Straddles. Going to file the copy here and look at it a bit later in my print out, in a few days, or weeks. I need to get a sound basis...

Eudamon Thanks for that. On the market orders, I learned the EXPENSIVE WAY. Set me back at least for a few months. I will have to print out your missive. A quick read didn´t really give me any indepth understanding. I take it this is not LONG STRADDLES? Mind you I will trade...

Nice on your success. Jacksjjtet4 The more I am studying the long straddle, the more complicated and varied it can get. I´ve opened Pandoras Box for me as a novice. Got some very nice and kind helpers on here though helping me along. So far the best play on the LONG STRADDLE seems...

Kinggypo and Dolemite thankyou for the assistance and comments. In my class of Options Long Straddles, 102 trainee class. I had a nap during the midday, had been up since the previous 3 a.m. local time. The comments on VEGA, a) VEGA hurts if number is increasing and b) Vega helps in...

I´m playing with the GREEKS this morning and yesterday a bit. Trying to see if the GREEKS will forewarn me of a trend reversal? Tracking Gamma, Delta and Vega for the straddle in SPY with 127 strike. Now you make a comment and throw in THETA, I think I remember it, but not sure? Going...

Dolomite Thankyou for the kind words. Sometimes we are all hard learners. There is a guy on Howard Cohodas Credit Spread forum. I got so impatient with some of them, I wanted to know their bottom line? Post a statement or something. Most went silent or made huffy comments. One guy who...

Forex forex Okay I did your weeklies and one of my own. GLD made +$57 GOOG made + $565 QQQ made +$55 SPY lost -$338 Now I have to cogitate on that. I ran that GOOG trade a couple of times and I still don´t believe it, or know why? Since these were all paper 1 contract...

DOLOMITE I´m seriously thinking of buying a picture frame and hanging your comment on my wall over the computer desk. " I spent 14 years trying to find that one option trade I could put on like a robot and exceed average market returns. Unfortunately, I couldn't find it."...

Forex Forex I`m at the computer running some videos on gamma scalping. I was puzzling how to do an adjustment in a Long Straddle, or Strangle. Think somewhere I have gotten the idea that means if the market is going up, you buy INSURANCE with some PUTS, or vice versa if going down. I...

OOOOh man! My head is a whirl with trying to understand what is happening. Seems like this mechanical method is some sort of STRADDLE, Delta, Gamma Scalping strategy. Just been reading up on it. Looked up my morning straddle and it still profitable on both CALLS AND PUTS. The IV in...

Forex Forex Spent 45 mins. trying to get into GOOG at the money. The prices would not load in TOS, nor the order panel. After trying everything, I gave up and went to SPY and took the WEEKLY Long Straddle in that. At the money almost. 127

Forexforex I bought in paper money in TOS 2 contracts in GOOG as a straddle in puts and Calls. Two hours before the close. See what we will see tomorrow? Ordinary August two months out. Ouch! I forgot this is supposed to be in the WEEKLY. Whoops! Let me go back and do it again.

Yikes! What is happening to my Long Straddle position? Explain it please? From the time I bought the straddle this morning, both the CALL and the PUTS have increased in value if I want to sell them? I have together a profit of .44 cents and hold 2 contracts of each. Which in this...

Howard I´m testing a method I had in my notes from 25 years ago. This method trades the Long Straddle and it is not your standard volatility trade. So far, I have no one who has anything to offer other than the standard volatility type advice. I could find nothing about it on the...