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I'm guessing you guys are both stateside. That said, Canadian purchases are generally 1+1/2 times to double what they are stateside. Even if we consider 1.3 as the exchange ratio, You should have bought the book at 47*1.3=61 range. I guess you paid a big shipping and you were also charged tax...

To CNMS2 - I bought that options "bible" and what a book! It just arrived in the mail and now I see why it cost $105. It'll be a while before I finish it if I don't skip all over the place in it. Thanks for the rec. If you bought the book that cnm2 recommended, it should be under $50. I think...

I just finished it. It was a great book. I learned a lot. It does not use your brian.It is like a story.

to cnm2: Did you read the book that I recommended? If not, shame on you.:eek:

I don't want to scare you (too much ) but did you calculate what your positions will do if all your underlyings move against you 3, 4 or 5 sigma? Small probability doesn't mean impossible ... You ARE scaring me. Seriously. stop it. Ok I won't short anymore.deal? :(

I'd not venture a guess which way it's going to go. Historically, gamma is allways cheap across year-end, as there is a lot of willing sellers. At the same time, it is the time of major announcements and various other vol-inducing events. I think everyone is guessing (speculating) when he...

you sure you want to be short gap and gamma going into the holiday season? What do you mean? Do you think market will go up in 3 weeks or down? I mean in the holiday season.

My today's action: Sold 6 naked PUT for TXN 30 Dec @ 0.2 Sold 5 naked PUT for ADI 35 Dec @ 0.15

I have done the following predictions by looking at the charts. My Predictions are for about 3 weeks time frame. Remember when I use the words like "definitely", It does not really mean "definitely". I just feel like that and don't trade solely on my predticons. I am posting it so that in the...

if R=1 you need P>50% if R=2 you need P>33% (if your average win is twice your average loss your trading has to have at least 1 win for every 2 losses) if R=0.5 you need P>67% (if your average win is half your average loss your trading needs at least twice more wins than losses) So based on...

Hi, Here is an INTC trade I am doing. I bought the Jan 27.5 calls for .50 about a week ago hoping to leg into a spread. When INTC moved up I sold half of my Dec 27.5 calls for .55 spread against my remainder Jan 27.5 calls. The other half I sold for .90 today. Now, I have zero cost, a...

If you think it's not wise to buy calls now, probably it's not wise to sell puts either. That was just my guess. I don't know. I asked you guys comment on that. What you said may not be true. Rally might stop and we might see like 3% correction but we might not be in a bear market. I agree...

Ugh. Max *theoretical* loss ~ $10,000. Quite the risk/reward ya got there! That is true is theory and I agree with you. You guys really ought to think about BUYing ops more... About a week ago I bought an INTC APR06 25 Call for 1.95. Max PROFIT = *unlimited*. Max loss = $196...

I feel that the market has topped at least for a short time. I am watching QQQQ and SPY. Maybe we will see at least a short term correction. I think it is not wise to buy out of the money Calls for December in general. Actually it is better to sell them. Just my opinion.

Well, I admire you - nice acc't balance, winning trades, sounds like a stress free trading life. I'd be following your style if I had near that much - thanks for posting! Again let me describe why I did that trade. I had already sold 5 PUt a couple of days ago at 0.5 and today I added 4 more...

Just sold 4 naked INTC Dec PUT 25 @0.1 Maximum profit after commission: $36

how do you determine if a stock is generally not available to short? I have an IB account and if I want to short e.g. "OSTK" and it says shares are not available to short, I won't try to short it through another broker that might have the shares. If I am so determined to short it, I do it...

I recommend the following rules: Don't short the stocks that are not generally available to short. Don't short the stocks that their volume is less than 500K. The desirable is over 1M. Don't short a stock that caught your eyes because it was going up and you believe that it is overvalued...

Do you practice money management to control your risk? Like not trading GOOG or shit.otc!! is a kind of risk management. I also take the profit out and don't play with big money. My broker also liquidates my position(s) right away if market goes against me when I get margin call and does not...

Many traders don't sell options for less than $0.50. Bellow this level your expectancy is dramatically lowered by your costs (slippage and commissions). Do you practice money management to control your risk? I know that many tarders don't trade options for less than 0.5. Some traders can...