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You can incrementally build positions by adding to each side if the underlying gyrates. For example, for many years I sold naked puts on gold stocks. I probably started 20+ years ago. I noticed that they would often trade in a box for months at a time. I wanted to do larger size but I...

Legging in an out of positions requires some skill and some discipline. The skill part involves recognizing the direction and getting on it and the discipline part involves completing the intended executions if the position quickly if the underlying reverses. How much time to buy is...

As the money involved get larger, the difficulty increases :) Any stock with a beta of 2.0 will move twice as much as the market index.

I don't know what the official terminology is but FWIW, some web sites decribe a long iron condor as selling the two OTM credit spreads. Most condor sites that I've come across tend to avoid the confusion by describing it as the combination of two credit spreads or selling a strangle and...

Someone isn't getting enough attention and approval so he indicts book writers. Awww, how cute!

I would suggest for your consideration that if you get nicely ahead on your $5 calls before the announcement that you pull some money off the table (hopefully your initial cost). You could close some of the $5 calls, roll some to $7.50 or create some verticals by selling some $10 (my...

LOL... anything directional held overnight is an investment to me. And FWIW, I'm a lousy investor :) Yep, it's very difficult to use options for very short term trading. Some can. I can't ... Other than for earnings plays (spread offsets), I've found the slippage to be way too much and...

I agree with Mark... you're being way too harsh on yourself and I think that's the result of having given up a profit rather than having done anything stupid. Option positions are dynamic and they often need adjustments as circumstances change. Unfortunately, you can make those adjustments...

To answer a complex question like that, you'd need a competent advisor. To find one, try: www.trollingmentors

Whatever your age is, the dividend is priced into the options so there's no free lunch either way you do it (g). Removing the put implies that you're writing covered calls when not near earnings so the same suggestion applies... do the equivalent naked put instead of the covered call and add...

Thery're the SnoC not the SEC...

What, there's no room for more of us ?? LOLOL...

Strictly speaking, it's a limited risk situation since there are protective puts and calls in place. But there's a lot of room for loss up (or down) to the strike, particularly if you're bumping up the stock bet per the system. Will you buy more cheap strangles initially and then ratchet up...

Collars are equivalent to vertcial spreads. Unless you're legging in and out or trading the components, do the vertical and save some commissions and the stock's spread.

What kind of options are available at youporn? Any of that naked strangle/straddle stuff ?? (vacant stare)

OMG! 10 consecutive days! I've got to mortgage the house and sell a kidney!!! (eye roll)

It's possible but it's highly unlikely. It's worth trying but there's no way to know if you'd be wasting your time because you don't know what your abilities are. To succeed in the market, you need an edge. For an investor, that might be fundamentals. For a trader, it might be technical...

Not only can you roll the puts down but you can also close some of them to reduce some of the downside risk.

My concern would be what will I do if the IV changes (add, adjust, close?) rather than trying to guess what the future may bring.

I think that when a position gets nicely ahead that it's a good idea to take some money off the table or adjust the position so that a reversal dings you less. But that's just my comfort zone and isn't suited for all.