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  1. S

    Best to sell an ATM, ITM or OTM covered call?

    Yep, the OP said 5 to 10% per year. I was replying to the stud on page 3 who claimed that 5-10% per month really isnt that hard. And it's a good thing that he did cause I really hate wasting a good rant :)
  2. S

    Historical Volatility

    Hey Mark, Check out STDEV You can do a search on "standard deviation" in the HELP feature in Excel to get a list of formulas as well as the syntax required for their usage. Use the quotes to limit the results to both words not either word.
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    Quick Option Trading Question

    Options aren't like pre-existing conditions and health insurance. You can trade them anytime the market is open. IMHO, the CDC info is irrelevant. It's the reaction to the news that you want watch for. When the media is blasting fear to the streets and the stocks starts reacting, that's...
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    Quick Option Trading Question

    You might consider waiting to see some evidence that individual stocks or the market is reacting to something that hasn't happened yet. Or, you could invest in cemetery plots :) Do you think that might have something to do with a price of 75 at 30 days out and at 90 at expiration? (in his...
  5. S

    Quick Option Trading Question

    You might want to recheck those numbers
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    Quick Option Trading Question

    Delta has to do with how much the option changes for each point of change in the underlying. At 30 points ITM, the delta is 1.00 and it will track dollar for dollar. Unless the option is trading below parity, you will always get as much (if not more) from selling the option rather than...
  7. S

    Historical Volatility

    I don't know how accurate it is or if it's what you are seeking but McMillan puts out a list of 20/25/100 day HV for optionable underlyings every Saturday. OTOH, if you're interested in individual issues and specific time periods, you can set up an Excel spreadsheet to do the dirty work.
  8. S

    Best to sell an ATM, ITM or OTM covered call?

    WTH are you doing here, wasting your time on ET? At 5% a month, you're a rock star! You need to get $100,000 from mommy and daddy's retirement fund and in 10 years you'll have nearly 35 million dollars from your Money Machine. 10% a month will get you closer to 10 billion in 10 years...
  9. S

    Options Pricing

    In general, if you have to consult a broker for reliable info, you're in deep doo. Always remember that with brokers, 2 out of 3 make money on every trade... the broker and his firm. Sometimes you make something too. :)
  10. S

    McMillans Books

    This may be heresy but you can cram all the info you want into your head but at some point you have to get some hands on trading expeience. Despite its shortcomings, perhaps on a Simulator at first. IOW, the feel for trading does not come from a book.
  11. S

    McMillans Books

    WHAT? WHAT? HUH? (tapping hearing aid)
  12. S

    Best to sell an ATM, ITM or OTM covered call?

    John, The sad part about it is that the American people were sold a "Buy and Hold" bill of goods. Now many possess 201K plans. Even worse, Fool Service Brokers have a fiduciary responsibility to invest wisely. Under the Prudent Man Rule, they are required to avoid speculative...
  13. S

    McMillans Books

    ------------------------------------------------------------------------- Quote from spindr0: I'd go with the former. I spent a summer with it at the pool 20+ yers ago. I didn't lern squat but I sure looked good! -------------------------------------------------------------------------...
  14. S

    Options Pricing

    Sure... something like a sub-prime mortgage crisis could definitely raise volatility a bit. Or maybe even another earnings announcement in 2+ months. :)
  15. S

    Best to sell an ATM, ITM or OTM covered call?

    The market was down what, 38% last year? It's only temporary, eh?
  16. S

    A notice to Noobs regarding Expiration friday.

    LOL, no guess. Closing quotes were good and only one closed at $2.64 Just a matter of looking in the database at the 2's and VOY-LA! Good luck in the AM
  17. S

    Selling covered call on ETFs

    Entertainment? Seems a bit more like driving by the scene of a car wreck to me :)
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    A notice to Noobs regarding Expiration friday.

    If it's your desire to be an owner (long stock or covered call), go to the next reply now. :) If you're looking to cash out and you don't want to take pot luck, look to sell it in the pre-market. Determine the lowest ask price and put in a sell order a penny below (assuming that it's an...
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    What is your most common used adjustment if an options credit bull put spread...

    MTE hit the nail on the head with his concise reply, "It depends on the situation and your plan." Your suggestion is fine if everything moves in your favor. You can also roll. Or add more long legs. Or trade some underlying against the spread. But don't get caught up in breakevenitis...
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    McMillans Books

    I'd go with the former. I spent a summer with it at the pool 20+ yers ago. I didn't lern squat but I sure looked good! :)
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