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Can you explain why? A market example would be helpful

Start deducting pts. We're heading for page 6

Short ES sep @1250 does extremely well but merely offsets massive loss on long es dec @1245 (ignoring 5 pt diff in strikes) Short dec 1240 call @65 is essentially worthless. Cool, you made 65 pts. Sadly, your short short sep 1255 put took in 37 pts and is now worth 655. Did I mention that...

Somehow, you usually cut to the chase quickly. Hey, are you awarding AWESOME points today? :)

Some brokers require that you take a short option quiz for approval. Failing that may be why you were denied. If the questions were about trading experience, net worth, etc., your account size may be the issue.

Being covered for margin purposes does not mean that you have limited loss. To wit, buy UL and sell a call. It's a covered call (CC) but losses can be massive if the UL tanks. Conversely, it's the same for a covered put (CP) For an equity, if you put a CC and a CP together (different...

Spreads? Or straddles & strangles? Or all? I set price alerts on positions so that if a certain price is exceeded, BEEP BEEP. If you aren't able to monitor naked positions all day, you shouldn't be in them unless the negative outcome is acceptable (like selling naked puts to acquire stock...

When there's a reverse split, existing option contracts are adjusted to reflect the split. So in the case of a 1-for-5 reverse common stock split, a contract would usually be adjusted to require the receipt or delivery of 20 shares. If these adjusted contracts still exist, then you could...

That's an opportunity loss. In reality, you made $1,000 from the covered call plus the original short put premium. Your math on the CC should be $50- $50 + $1 = $1 gain If you legged out at parity it would be $60 - $50 -$10 + $1 = $1 gain

The market can be perverse. It hasn't tanked during all of this which implies that it expects some sort of deal. That doesn't mean that it will pop if one does. Or not... This is somewhat like an EA. If IV is up, the move must be in your direction as well as large enough to offset IV...

Some Sundays you read posts backwards. Some weekdays, I trade backwards. Apart from essentially owning every stock on 10/19/87 that I sold/rolled naked puts on exp Friday (10/16), that week was chaotic. One position I had was CC's on Bear Stearns which expired a pt. or so ITM. My broker...

Can't be answerd for several reasons: 1) You haven't indicated how many puts you're doing 2) Determining margin is more complicated than saying it's 35% (see below) 3) It would require a bit of time to set up the calculation (which I'm not about to do) :) Standard margin is 100%...

Obviously, predicting (guessing) the outcome correctly is the winner. My approach will be to get on the bandwagon for the ride if Tuesday comes and there's no agreement. Sorta like the ride down in 2008. Play the volatility not the guess.

You can use the TWS-DDE to capture quotes - either intraday or EOD - and build your own database. Won't help you now but in time you'll have some historical data :) CRIMSOMIND used to be free for historical but now they change a monthly/annual fee. You could sign up for a month and download...

I recommend "Profitable, Professional Option Trading" by Elite Trading Press.

I don't know the answer for Yahoo but from my experience with pfd stocks, various web sites have different look-up symbol terminology and you have to find the one that works. In the case of pfds, it could be a hyphen, a period, the letter P, the letters PR, a period and the letter P, etc. Any...

I used to have a life but then I discovered the internet :) I recommend that you find something that graphs multiple option legs and displays a risk graph. A picture is wotha 1,000 internet words. DL something for Excel, get a program, use a broker's tools. Life will eb easier. A demain...

Unbundled with equites can save a chunk on commish, particularly if you add liquidity. Does unbundling apply to options as well?

What was the problem with capturing the Yahoo data?