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This is the internet where everyone makes money and few tell the truth :) There's money to be made from earnings volatility plays but it's not easy money. It's a lot of work finding opportunities and a good exit involves some art, some luck. I no longer speculate with options. My bread...

Your ITM guts strangle is equivalent to the normal OTM strangle, eg: -19c - 21p = -19p - 21c Anything you do to one side can be done to the other. As with all option strategies, if the underlying cooperates, you can make more money trading the components than holding the static position...

I liked the picture of the freeze dried foods. It would look good above the toilet paper in the bathroom.

You know you've been at this a long time when the crepitus from moving your neck starts to sound like percussive scat :) Crepitus = the popping/crackling sounds in joints

There are always opportunities but most of the time, nothing is easy (Naz 2000 and GFC crashes excepted). The trick is to utilize the strategy that does best in the environment you're in - something that's easy to say but hard to do consistently. In terms of volatility, it depends on what...

No one knows where the tops and bottoms are. Anyone who claims to know that is welcome to post it here the night before :) If the DJIA drops 1,000 pts or if a stock you'd like to buy drops 8 pts, the most you can know is that you're that much closer to the bottom. For a DCA-er, that's fine...

---------------------------------------------------------------------- Quote from spindr0: My 2 cts is that trading not to lose should be the mantra while learning the ropes. You may not succeed overall and if you don't, you'll find out w/o blowing out your account...

You can get out because the MM has a responsibility to make the market. But at what price? He can put up a Holland Tunnel wide B/A spread and rip you. That may not mean much if you make several pts on the trade while dropping 20-30+ cts on slippage but over the long haul it's just another...

Some good points. Yep, tough post to make. Most people never face the music. It's easier to talk about your winners and never acknowledge the net losses. Learning to trade from attending courses is possible but highly unlikely. Them that can, do. Them that can't, teach. Successful...

Call them. It's their program :) It's extra work but sometimes you can get a better fill by setting up this position as two strangles as well as two diagonals. Combo bids are usually better than the natural and if you set (and reset) price alerts, sometimes you can pick off a really good...

The general answer is that if you have a Reg T margin violation, your broker has the right to close any positions he wants in order to satisfy the deficiency and he has no obligation notify you. Your account will be restricted. A general answer is worthless because brokers are allowed to...

What the stock does in AH is irrelevant since the option change is based on the regular hours close. So ignoring the AH change, are you saying that you picked up a net gain of 16 cts ?

Today was ex -div so how about a recap of what exercising your long calls achieved for you?

Let's see if I can take a stab at this w/o riling you some more :) There are multiple variables used in determining an option's price and since several are moving in either driection, a simple once size fits all answer doesn't exist. Some of the variables can be eliminatated or ignored...

A good buck can really do up a deer.

For the big picture, the Greeks will enable you to monitor the overall risk/perfomance of your portfolio and if you see their metrics are moving against you, you can hedge or close some positions. Since it's a long based blue chip equity strategy that you say is performing well, I think your...

As rmorse point out, it's the option exchanges that charge the cancel fee. IB passes it along if you incur it. Those trading at Ameritrade, Scottrade, etc. are paying far more in commissions (eg flat fee plus fee per contract) so the brokers are willing to eat it because they're already...

Me: See pricing formula at IVolatility rmorse: Go to a website that Calculates option value Me: see Options Toolbox offered by the CBOE. NYSEguy: Thinkorswim.com's trading software provides past closing prices for options. Martinghoul: see espenhaug.com/black_scholes.html...

OK, trying to play in your language... Most of this is covered in the first 5 pages of any option book. Try one, you might like it :)

Accurate? No. Useful? Sure, for you, weathermen and economists who have predicted 23 of the last 5 recessions.