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  1. S

    what should I look at to earn 3K in a month?

    http://www.amazon.com/Sales-Careers-Ultimate-Getting-High-Paying/dp/1563709597/ref=sr_1_1?s=books&ie=UTF8&qid=1301858399&sr=1-1
  2. S

    How many Trades?

    I don't think there's a simple answer. A better than 50% win rate is good but if your money management isn't tight and you incur large losses, you won't get anywhere fast. Up 35% in 3 months is very good but it may be nothing more than the good fortune of a finite sample in a cooperative...
  3. S

    Beginner Growing Account With Options Trades

    No trade should hammer you unless there's a gap (hammer = big loss). In addition to learning about the behavior of options and their strategies, also focus on money management. You need to know what you might do and where you will do it when the opening trade is executed.
  4. S

    Help with strategy

    I think not. Doing his homework for him is instant gratification but serves no constructive purpose ... tho I really learned a lot from the talking giraffe in an earlier reply!
  5. S

    How much do you have to know?

    Ditto. This excerpt from Big D-land is like rubbernecking at an accident in slow motion. The misinformation and behavior are indeed intriguing to observe. Or IOW, In the land of the blind the one eyed man is king. :)
  6. S

    How much do you have to know?

    Hmmm, I think I'm going to fail the "likeability test". :eek: :D
  7. S

    How much do you have to know?

    ---------------------------------------------------------------------- Quote from Cache Landing: But you should realize that to replicate the long stock you only need to buy a call and sell a put simultaneously. ---------------------------------------------------------------------- One...
  8. S

    How much do you have to know?

    Having another difficult bizarro world day with your reading comprehension? Selling a deep ITM put gives you the same result (actually a better result if you receive any time premium) than owning the stock outright as long as the stock price does not exceed the strike. We all know that...
  9. S

    Help with strategy

    Sorry but this is the Organic Chemistry help BB.
  10. S

    How much do you have to know?

    Option comprehension is definitely a loose concept Big D land. Do a web search or read an option book. Alternatively, for the aforementioned equivalent positions suggested by several, on any given day, note the real time prices of any position that your little understanding-less heart desires...
  11. S

    How much do you have to know?

    That's what I call being the Pillsbury Dough Boy. Squeeze here, out pops something over there. Squeeze there. out pops something somewhere else. :D
  12. S

    How much do you have to know?

    Do you having reading comprehension issues? I gave you two possibilities. The first one involved a long call. The second one involved a short put. Read the second one again. With equivalence, anything that you can do with puts, you can do with calls and vice versa. It may not be a...
  13. S

    How much do you have to know?

    You can substitute a deep ITM call for the stock (all intinsic) making it a legged in vertical. You can also substitute a deep ITM naked put for the long stock but I wouldn't recommend it because of the call write being uncovered (stock rises above put strike and naked call goes ITM)...
  14. S

    if you're writing covered calls, do you always do a far away expiry?

    Optimal write in terms of decay is 1 month out. Decision to roll involves several considerations: First and foremost is neutral to mildly bullish outlook for UL. If outlook is bearish, get out of Dodge. If UL somewhat unchanged, compare cents per day for holding current month which...
  15. S

    if you're writing covered calls, do you always do a far away expiry?

    In isolation, decreased price will lower the call premium. 3 major things affect the option's price - time decay, change in price and change in IV. Just because one and sometimes two of these move in your favor, it does not guarantee that the option will move in your favor.
  16. S

    Tax Forms-Schedule D?

    It's blank? Why didn't you fill it out for him??? :)
  17. S

    Tax advice for day trading, Is TradeMax PreMier good?

    I used Tradelog for my Sched D. They offer a multi-tiered pricing schedule which is based on the number of trades you do per year. For the past 3 years it has handled everything flawlessly including 1000's of wash sale violations (I scale in and out of positions). The only tweaking I had to...
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