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  1. M

    rookies question

    Options are options, it doesn't matter. Sure there are some specifics like contract size, expirations dates and etc, but overall the basics are absolutely the same. What do you need help with?
  2. M

    rookies question

    It answers your intial question.
  3. M

    OTM Strangles on Intraday Basis

    You should take into account slippage, which is relatively large with options in general and can be especially large in a big move.
  4. M

    rookies question

    It doesn't matter what you trade, if you can sell something for more than you paid for it for then you have a profit, and if you sell something for less then you have a loss. This the most basic concept.
  5. M

    Full service broker will not do options

    Oh, don't worry, I understand perfectly what you are saying. Look, at the end of the day, it doesn't matter, the broker is obviously too lazy or not educated enough or doesn't have the right system set up. If someone wants to trade options then he/she should go to a broker that specializes in...
  6. M

    Best brokerage for Cdn resident? and newbie questions

    Try Thinkorswim.
  7. M

    how does a newbie learn?

    Is English your first language? If it is then I suggest you learn to spell first, as it might come in handy when you'll be communicating with your broker. If it's not your first language then you are forgiven! :) I would suggest reading a few books about trading such as "Reminiscences of a...
  8. M

    How much did SAC lose on Volkswagen?

    He's trading in his Carrera GT for a VW Golf. :D
  9. M

    question for stradle traders?

    I think the problem here is overleverage, which eventually leads the sellers to blow up. Therefore, you also need to overleverage on the buy side, but then you may run out of capital before that big payday comes.:D
  10. M

    Best brokerage for Cdn resident? and newbie questions

    The person, for a change, comes with a reasonable goal of 1% and you immediately start pumping him with 5-10%. If you can average 5-10% per month then you should be the richest person in the world in no time. And the "method" you talk about assumes market timing skills (unless I'm reading it wrong).
  11. M

    Full service broker will not do options

    Ditto. TOS doesn't have trading levels.
  12. M

    Full service broker will not do options

    That's the reason I said he's not selling nakeds! That is, he actually has the cash to buy the stock so technically he's not selling naked. Anyway, his broker is obviously too restrictive.
  13. M

    Best brokerage for Cdn resident? and newbie questions

    I would recommend Thikorswim for a broker. 1000 per month on 100K is a very realistic goal.
  14. M

    Different between S&P500 and S&P500(Mini)

    Even though I responded to the question, I actually agree with you. Many times people ask questions like this despite the fact it would actually do them more good trying to find an answer themselves first and only if they cannot do so then ask for help. But a lot of people are just too lazy for...
  15. M

    Different between S&P500 and S&P500(Mini)

    Unless you trade huge size and e-mini liquidity is not enough for you, you should stick to the e-mini (ES).
  16. M

    Porsche/VW

    How do you know Porsche didn't trade? Anyhow, as I said, it's just my opinion.
  17. M

    Porsche/VW

    I'm not defending shorts in any way, all I'm saying is that Porsche is manipulating the market.
  18. M

    Different between S&P500 and S&P500(Mini)

    You mean futures? Or the cash index SPX and XSP? For futures it is mainly the multiplier, big SP is $250 per point, e-mini is $50 per point. Although there are some other differences as well, check contract specs on CME's website for more details. For SPX vs. XSP, it's just that XSP is...
  19. M

    What's a WRAP?

    There's no 36 call, unless you meant 35, but even then I see no symbol change, no adjusted contracts or WRAP anywhere. I've checked on Bloomberg terminal and Thinkorswim. I don't know where that's coming from. I suggest you ask Etrade.
  20. M

    ES emini and SPY ETF

    You know what...I give up! I obviously cannot explain this to you in a way you can understand. If you think you have found the holy grail then go for it! Over and out!
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