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You'd probably get screwed on slippage trying to roll ITM puts. I'd take assignment and sell calls, also - if I wanted to stay in the trade. It depends though on your cost of the assignment compared to cost of carrying the shares and short calls. But I'd rather trade shares and OTM...

Get drunk. Steal some food. Fight a cow - it seems like yesterday. In fact - that was yesterday.

Hey, come on. Get real. Who hasn't done that?

An amazing performance in rock history. Deserves to be repeated. 1965 Acoustic folk acknowledges Beatlemania. Dylan says, hey I can do that too if I want to. Proto modern rock. Pretty soon the Beatles sound like Dylan. Bullshit Geico comm. http://youtu.be/AcuRxJ-yLXU

Ja, ich verstehe. Boxes, reversals, conversions can be valuable tools for retail. But no edge. Just a good way to close or park it in neutral. For me it's all directional. But yeah, you gotta think trading OTM vs. ITM. OTM is great. ITM often doesn't exist. For example, on a long...

Kinggyppo buddy, Much respect, but think of what you're saying. You ignore changes in delta. The smart hedger sells more like 150 shares, as delta rises. I do this shit week in and week out. Are there any traders out there? Am I the only non-bot person here? Probably. So much bullshit...

With you, brother. But these tops are so persistant. Who knows when? 98 is my target. Meanwhile, hedging the hell out of the wings. USO also. Have had a 2 CL exposure since 103. About 1 before that. Actually, 99 to 103 wasn't bad. Above 103 - bad. Time decay helpful. DD was 22K...

Here's a great early music video I found, Joe Walsh in the James Gang. Yes, music used to be this good. http://www.youtube.com/watch?v=l_4iQDYDVNo

I take the 95 year-old out every day for a walk at the park. We don't get very far, shorter and shorter over the years. But she has a bad hip replacement and is a trooper to do what she does. We often see our "park friends." We don't know their names, but we know the names of their dogs...

Yes, that'd be the way I'd go. Define R/R and go greater size. Yes, you'll miss a few home runs, but if you're good; you'll be a trader. Personally, I'd leg into these things and hedge the hell out of delta. Start small and build up. Manual trading 101. Duh.

Rocky Mountain Way - Joe Walsh. http://www.youtube.com/watch?v=BP0o_ZzRjUE

LOL. And what's wrong with that? It's a legitimate fix.:p

This is pretty awesome in my book. CCR. http://youtu.be/_9KKo8mZ5Eo

Life can be such a bitch. Costs just seem to go up these days.

Another look at the band. Post-punk. Back in the day when people were still classy. http://www.youtube.com/watch?NR=1&v=o4Aalho4_Qo&feature=endscreen

Ah, the Good Old Days. http://www.youtube.com/watch?v=rL8Dj5xOjm0 Released in 1981. The guitarist died in 1982 from heart failure due to cocaine abuse. The bass-guitarist Farndon, who was so influential in forming the band, was fired and died in 1983 - drowned due to heroin overdose...

Did you know that this guy, the lead singer... http://www.youtube.com/watch?v=XCOB5-E4P6Y (you can see me there in the audience, totally rockin' out) Was also this guy...? http://www.youtube.com/watch?v=KhxFKwUyGsA

Yes, nobody should care about this, or Justin Bieber, or what's her name and all the other what's their names? My God, will the Feds put another feather in their cap if they actually solve this one? The only good thing about the Fed is that they make me look good. Reality folks, it has...

The album version had Mickey's voice double tracked. Sounded very produced, but a good song. The TV show's version, had Mickey's voice single track. Sounds great to me, better than the album. Cool song by Carol King. Weird, Taj Mahal covered it. Funny video. Mickey's an ace at...

Oh boy, oh boy. There's been a lot of really important posts on ET.