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what new information has come out of the fed that is worth buying, to me this has been a sucker rally all the way up.

spooky!! like Jimmy from Seinfeld.

spy chart. Look at RIMM before the meeting talk about front running. :)

out 132.76

scaling in short on spy stop above 133.20.

You may want to create a $100,000 paper portfolio and hedge it with spy options. If you learn basic hedging like a mutual fund manger does, I believe that you will have a much easier time with option synthetics. Maybe coach can explain the delta neutral idea better in terms of synthetic...

Sorry this is typical of option guys, tend to go right over your head. My point is understand delta, that is the relationship between price movement of the underlying (stock) to the movement of the price of the option. An option with a .50 delta should move .50 for each $1.00 move in the stock...

aig delta

aig

I will try this from a different angle. I was trying to show that knowing delta makes you a pretty good instant hedger. You should know how to offset your position. The point about the spread is that you are long and short calls so that you risk becomes defined (limited). There was another short...

ok I will share a scalp setup, when a big tech name like Dell, etc reports, wait for the news then sell/buy QQQQ depending on the news, usually good for $.30 to $.40 cent scalp.

gaps fill.

I think it is important to explain risk profile. Most new option traders do not get this. Coach can you explain risk profile in terms of a spread. For example, let's say you are long: 10 spy july bull call spread 1300/1310 you are long here so based on friday's closing prices you open...

You should check out a couple of demos and see which ones you like. (IB, Tradesstation, Think or Swim, Options express, etc) if you don't have a strong understanding of these somewhat complicated formulas; losing money is easy enough with vanilla strategies. Watch out for the holy grail. Read...

out 131.68

long spy 131.80 tight stop

out 132.50 edit

long spy 132.40 tight stop. so if the bid is 132.46 ask 132.47 how does someone get filled at 132.05?:confused:

Thanks for the response. Working on the concept. :)

How do you model theta on expiration week, obviously there is not much interest left so does it become purely model based at some point? thanks hope I am clear.