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If you're selling naked options, here there's an article on Niederhoffer and Taleb: Blowing Up -------------------------------------------------------------------------------- "...Last fall, Niederhoffer sold a large number of options, betting that the markets would be quiet, and they...

Thanks pinabetal: I enjoyed your comments on those stocks. I tried to understand how you do your prediction based on the charts before and I think that I have got it. I will use your comments in my future trades. It seems that you do your prediction soley based on the previous days' chart and...

Hi Pinabetal: Do you just predict the next day? If not,what is your prediction on ADI and TXN. I am more interested for a month prediction but even less time frame will help.

Hi: I need some recommendations for an Online Broker. Who do you guys use? What do you guys think about OptionXpress, E*Trade, Ameritrade, Interactive Brokers, Thinkorswim?? Any help would be greatly appreciated. Thanks in advanced, socaldodger Your question has a big clear answer...

Yes. I looked at the pic of the car. Very small gas efficient car LOL I will definitely short GM tomorrow after I saw the pic of the car. http://www.gmbuypower.com/vehicleHomePage.bp?year=2006&makeId=007&make=HUMMER&modelId=090&model=H3

A Question: I can not have open orders on both sides (bid and ask) of an option in my IB account. Does anyone know it is a security rule or IB rule. To Multi: I have a suggestion for your future trades. Let me know what you think. Say you want to sell 50 Calls. Sell 10 contracts and wait...

I just noticed a week old thread on GM, looks like GM is in a lot of trouble. I might buy some Dec20 Puts. That would be a great trade. I will check the premiums on that. I have always wanted to short it but I every time I thought it is late. I just shorted 200 shares and covered in half...

I have 21 open positions now and most of them will be exercised or expire this month. I am waiting to see what happens on Friday close. But just to let you guys know that I sold 2 naked calls for HD 42.5 Noiv at 0.15. Now my positions on HD are: 1- 2 short PUT 40 Nov sold @ 0.1 2- 2 short CALL...

So has Multioption given up on this thread? Haven't heard from in a few days, maybe he could give us some ideas why his trades went from OK to #^%$. Was it TA breakdown? Psychological? Combination of both? APA was a classic case not sticking with the exit plan, and then digging a deeper...

I sold the following options to go into defensive mode in my HD position in my 2 naked calls 40 Nov. I paid $3 commission totally for 4 contracts. I hope HD closes at 42.55 on option expiry date.

well I mentioned this a few days ago.. don't know if NOW is the time or not - would say not to do it with Nov 30c @ .10 I agree that tomorrow is not a good day to do that trade because Nov options's time volatility is over. I will use the same idea for other stocks or for next months. Manybe...

hajiimow did u consider buying Dec 30c - selling Nov 30c ? I mentioned it in an earlier post at which time it could have been done for -.45. The scenario (plan) was (is) to have front month expire worthless and then have DELL trade up to at least 31 post-expiry. ((plan B would be to sto...

I would say a sideways trend (sideways on daily chart..bearish trend on weekly) since the 1st Nov. And yes it is about to change trend to up or down. The weekly chart shows demand coming back in. Should be able to tell more about which way it will trend monday. I lean toward bullish. I agree...

Even considering your fills, I guess your -2.5 should be -0.25? No it should be 2.5 oX trade calculator gave me $560 margin for the current quotes. I recalculated based on your formula from OX and my formula from IB based on the exact numbers of DELL =29.4 and option price of 0.225...

to cnms2: First I should say that I enjoy your and everyone else responses and I believe in this way we can all learn more. I believe none of us want to hear that everyone agrees with us. So if you see that I am wrong please keep responding me so we can come to a conclusion. 20% or 25% or...

It might be opened for $0.10 but the natural price is only $0.05 less $0.025 in commissions at oX, with a margin requirement of $560 per contract. This means about 0.5% return on margin. Disclosure: I will not do the trade that I mentioned because I am already loaded. If I could do the trade...

A "rather" safe trade on DELL: Sell Dec 27.5 Put and buy 32.5 CALL for December with the credit of 10 cents. If DELL stays between 27.5 to 32.5, you will get 2% profit in 5 weeks. and if it goes above 32.5, you are the king and if it goes below 27.5, you will start to lose. This is not a...

I was right on DELL. It seems that I am going to be right on HD too.:D

HD CALL 40 Nov has been in a trading range since 10/31. Why did you choose to sell them now? HD hasn't set the tone for a serious correction yet. It could easily trade into $41.40. I guess you chose to capture time value decay now. Interesting trade. I wish I had sticked to my $2 price but...

Sold two Call 40 Nov HD for $1.40. Soory that I did not wait till $2.