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Iceman1 you are an asset to the group. I love to be criticized. Being praised will not make a trader a sophisticated trader. I agree with you that when you lose, the path to get back becomes tough. I sell options on the stocks that I love. Some stocks have very very attractive premiums and their...

My trading strategy says: Sell n naked Call BBY 53.38 Dec @0.6 Sell n naked Put BBY 40 Dec @0.1 Money received: 0.7 - 0.015 commission ~=68 cent or $68 per contract. Margin needed = 0.2x50-3.38 ~=6.7 per share Note: 50 is almost the current price. Margin for one contract =670 Profit...

Just to prove that the trades that I am talking are not fake and real money is involved, I have attached the pic. 43 contracts today.

Iceman1 wrote: bro--- one day -- not too far away--- you are going to take all that risk inherent in selling FIFTEEN naked puts for a mere 25 CENTS--- and you are going to get hammered by the Black Swan. Mark my words what is the reward in selling NAKED anything for 25 cents unless...

Sold 10 naked Call XLNX 27.5 Dec @ 0.5

Sold 14 naked PUT for XLNX 25 Dec @ 0.25. Seems free money. Bid 0.25 ask 0.3

My option trades today were: 1-Sold 10 naked Call INTC 27.5 Dec @0.1 Comment: I have naked PUT for 27.5 and I also sold naked PUT 25 Dec yesterday. I was not that patient for this this trade. INTC was up unusually today and those Calls were traded at 0.2 later 2- Sold 2 naked Call ADI 40...

Thanks, Hajimow. I thought you had stated the option symbol "XLNX" and I don't know how to find options by their symbol, hence the question to be able to track it by knowing the underlying. But you WERE talking about the underlying all along - my mistake. You say you keep on selling more and...

Rob on Business asked: Could you tell me how to find the underlying by your quoting "XLNX"? Thanks. I was short 31 contracts on both Call and PuT Xlnx in October that the stock went down from 27.5 to 22 and I shooted PUTs to Jan 2006 but I doubled the PUTs and reduced the strike price from...

Based on IB's website Maintenance margin for naked CALL and PUT is same as initial.

still a little confuse on how you obtain 0.98. 20% of 17.4 -(20-17.4) 20-17.4 is the differece of the current stock price minus the strike price which is 20 20% of 17.4 =3.48 20-17.4=2.6 3.48-2.6=0.88 So it was my mistake . It is 0.88 and not 0.98.

[0.65 + Maximum of ([0.2 x 17.4 -20] , 1.74, 2.5) ]x100 for a contract. The result will be : [0.65 + max (0.98, 1.74, 2.5)x100 65+250=315 Since you actually get 65 from selling the option, only 250 per contract from your money will be locked as long as you keep that position. Of course...

You have yet to spell anyone's name correctly, even the people who have taken you seriously LOL:p

Hello, Uninveted_guest I like your idea, Ebay does have a lots of flaw. I have been cheated twice by the seller. going through Ebay dispute procedure is quite truble some too, you have to pay $25 before they even look at your case. Thanks for your kind reply This post shows that you were...

Put a combined order to cover your shorts and sell 42.5 Call. So you will be short in December if it goes above 42.5 but you have sold some time too that will reduce your loss or increase your profit. I suggest the debit of 44.67-2.95=41.73 ---> 41.70 Then sell naked PUT 40 for December @...

Sell PUT 40 for December and keep your short position because you have enough money in your bank account to support you. If you get scared with $5 fluctuations in the stock, don't do big trades. You won't need any money to sell PUT 40 for December.

:: ALERT :: SBUX Starbucks, earnings Thursday after market closes. $30.83 Buy Nov30 Put @ $0.45 Buy Nov32.50 Call @ $0.10 Total debt $0.55 If SBUX hits <$28.90 or >$33.60 on Friday more than double cost of straddle/strangle. Or just buy the puts. You tried hard and came up with the...

Thanks hajimow. I can't do multiple trades due to my technical approach; at least for now. I search for trades manually, starting from intraday to the daily and weekly, I also switch back and forth from the weekly to intraday. I can't lose the original start-up capital - 10K, but getting to 100K...

hajimow, you recommended this book before. Would you please explain why do you recommend it? I have it but I wondered if it was worth my time to read it. Thanks. It is not like the other investment books. It is an interview with an stock trader at about 19.20.It shows how he was not...

Finally APA has done its worst. I lost $8,350 on the short leg/trade. Without adjustment, I could have closed the position at $2,400 loss. I'll continue to post my picks and see how far the remaining 8.5k will go by December ending. Thanks for your contributions! I am sorry to...