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Now CSCO looks very attractive at 17.5ish. It should be up tomorrow.

CSCO will come up with its easnings today AH. Many beleive it will go up (based on option action). I fee CSCO will not move that much after the earnings. It will be between 17-18. So maybe the best trade would be short straddle 17 May. Note: I have no positions on CSCO and will not do the trade...

I am happy now. Too soon to tell. SLV failed to hit $40. Silver will drop to $30 and market will also correct. I expect SPY to drop a full %1 today. I see bubble in tech and specially in semi.

I mean SLV ETF. By the way, I have never traded silver. I am just observing. I am interested only its effect in the stock market. I trade SPY and tech options

SLV did not hit $40 and today it is down. The second wave of buyers could not keep the rally after the the big drop. If SLV cannot hit $40 today, it will keep dropping to $30 and below.

I am just wondering what would happen if they offered only 6 billion instead of 8.5 billion? Wouldn't Skype accept that offer? Someone(s) live on commissions :)

If you also look at the PUT premiums, they are way expensive than Calls. Market believes that the we have topped and the chance that it goes down is more than going up.

I am doing weekly options. I get more by doing weekly options. Generally by selling puts I am protecting myslef by about 3-5% cushin and at the same time make some money.

I hear you. I will not gamble. I will not buy SLV or similar stuff. I want less profit and protection. If the market drops 20%, my account will drop 16% or less so I am not 100% protected. I cannot do much in my 401K.

If I were 100% sure that drop would happen soon, I would do that but in the market you can have an idea but you cannot sign it with your blood :) Time will tell whther I am right or not. I appreciate your feedback.

Many people have S&P ETF in their 401K and most of the MF underperform S&P. I sell ITM Puts so if the market drops, I am buying the market at lower price and if the market rallies, I am making a little. If the market tanks, I will lose but about 3% less than other people who hold MFs in their 401K.

I am not happy the way market is moving and I believe a %5 correction in imminant. I like to sell ITM weekly put for SPY to generate some cash in 401K and sell OTM SPY Calls in my regular account.

Let me give you an example which will help you decide your broker. In my Fidelity account I put an order to sell 9 naked PUT for SPY 132 at 0.45. The bid/ask was 0.4/0.41 when I put the order. Then after 15 minutes one contract went through. Then I put the same order in my IB account for only...

The good thing about keeping your job and becoming a successful trader is that you won't fear losing your job in case that happens. You will have options. I also understand your frustration at work. I hear you.

I agree with you. Many traders promise themselves to follow the rules after they they blow their account and then they do few profitable trades after that but it is not not because they are following their rules, it is because the market was not in a way that they needed to apply the rules and...

Just for fun. http://www.youtube.com/watch?v=85lpWoESHUM

Here is my definite response to you as a trader with PhD in EE who is 50 with 16 years of trading experience. 1-I don't know what is your age and what field of engineering you are. Don't be proud of your degree. Many high school grad will eat you alive in trading. Most of the compliments to...

I belive this Monday

The best strategy would be to buy SPY and short SMH in ratio. That means Nx {long $1000 SPY + short $1000 SMH}

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