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Painting the tape involves transacting for the purpose of changing the stock's price or volume. In this case, the traders were buying and selling among themselves to create the appearance of substantial trading activity. Increased volume can lead naive investors to think something is...

It's an outright travesty that you don't get what you don't pay for !!!

After a hit to P&L, I often suffer from breakevenitis and given the chance to get out unscathed, I get out of Dodge. I think that it has something to do with the market knowing more than I do about the position. ;)

Down 35 pts and you add more? Great money management !!! :(

Are you one of those touchy feely types whose mantra is "I feel ya!" ???

If you have some macro sense of which one is stronger, you can trade the spread between the S&P and the NAZ. Or if you have some sector awareness, use sector ETFs for the pairs.

Sorry no hosting. You have to have a guessed position and be short prior to it or you have to jump on the bandwagon during it. Now let's roll those credits. Mike drop! :D

Aren't you worried about your stocks getting wet ???

Had you said that initially, there would have been no confusion. Yes, but you have to click either BUY or SELL when you take a position. So what do you have to do on your platform get that $11 credit? BUY or SELL the combo? Yes, 50 cents equals a half dollar but buying the box does not...

If the quote is 309.99 by 310.00, do you need a multiple choice test to figure out buying at the market ? :D

He's watching porn? What is he holding on to for dear life???

A -11 and a -10 does not add up to +1 A long Box Spread involves buying a bull call spread and buying a bear put spread. Buying something results in a debit. A debit has a minus sign in front of it. You have presented a short Box spread which is selling the two spreads. That results in a...

Buying the box for - $11 would be a guaranteed loss. You need to sell it + $11 for a guaranteed $1 profit.

1) Check with your broker to see how they handle the insufficient funds issue with the spread that you described. 2) If you are short the shares on the ex-div date, you pay the dividend. it doesn't matter how you got there.

I have no clue what you mean by "1987, I was there...but not really" when referring to Minervini. Either he was or he wasn't. I was there and and having put in almost 40 years with investing and trading of stocks and options since, there's nothing I'm going to take away from that 15+ short...

I wonder why so many of those replying have their panties in a bunch because of the Minervini article. There's nothing objectionable in it and it correctly relates what happened in 1987. It was nasty and it's good advice to have a plan for the dark side for if/when the sh*t hits the fan.

High correlation pairs trading is much harder to succeed with when volatility is low.

I cited Black Monday in 1987 as a crash. I cited that if Rocket Man drops a nuke on Guam or Hawaii that it could cause an unexpected crash of unknown magnitude. Do you think that listing 4 other crash days of greater than 10% drop presents a different definition of a crash? I think that you...

Nothing in the market is linear so there are always false positives. There is no precision timing. But there is a plethora of information that indicates that a market has reversed and none it indicates how long it will last. You assess, you place your bet and you hope the trend continues...

That is not correct for selling an ITM covered call for which the profit is the extrinsic value (time premium). The correct formula for all situations is as teachamantofish suggested: Strike + Premium - Underlying Cost