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:D

No broker would recognize a reverse calendar as a covered strategy, cause it's not. The main difference between the regular IC and a calendar version is that with the latter you add another dimension, namely the intermonth volatility.

A cross trade is when a broker crosses the two orders internally (i.e. a client was buying 10,000 calls for X and another client was selling 10,000 calls at the same price X) and then reports it to the exchange. So the point is that there is a time delay between the trade and the print on the...

Neither ISE nor PHLX currency options have much activity, but the contract sizes are more sutable for someone, who doesn't have enough capital to trade the CME options on currency futures.

The only problem with this setup is that your shorts would be considered naked and hence would require more margin.

:D :D :D Good one! Btw, I haven't read the article yet.

I'd say #1 spot on the next year's billionaires list is yours! Watch out Bill Gates!

In which month? The expiring one? I'd say that in the expiring month the IV is not important as it is all about gamma on expiration day. IV just reacts to the moves in the underlying. For example, in the morning there's still plenty of time for the stock to make a move and for the options to...

Try http://www.optionrats.com/

If you are a good directional trader then you can use your directional techniques to leg into ICs as well as make adjustments/leg out. However, the question then is, why bother with all this sh*t, when you are making good money trading directional moves!?

With all due respect, this is precisely the thinking that gets most people in trouble with short options, in fact, not just with options, with trading in general. You first goal should be to live another day, hence taking a loss early is just good risk management. Sure, the stock may reverse...

What did you expect? Options trading is no different from anything else in life - you have to know what you're doing!

Is there a relatively painless way to trade options? Well, that depends on how you define "painless"!? If you mean risk-free then, no, without risk there's no return. If, on the other hand, you mean limited risk then, yes, options allow you you define your risk in advance. All of the...

Stay away from optionetics. All they do is try to sell you their overpriced seminars and software.

Here's the only link you really need to find all the other links.

My return was 2.5% in May cycle, max. risk was 8.9% of the total capital. Generally, I aim to make about 18-20% per year.

CME

Hedging doesn't necessarily mean taking a position that fully offsets the original one. You can be long stock and buy a put option to hedge the downside, for example.

Buy on the bid, sell on the ask, hedge net exposure.

Sure it works, it's called gamma scalping, use the search button above to find threads discussing this, also you can google it. The trick is to define the adjustment points correctly, i.e. when are you going to buy/sell the shares against your straddle.