Search results

Discipline is a result of training and repetition, not "forcing" yourself to do things. Law enforcement and military train like this all the time. Their goal is simple: put officers/soldiers in situations similar to real-life deadly situations so that when real life happens they don't panic...

Hopefully you're using limit orders on your entries and exits?

You should probably at least look at TD Ameritrade's Think or Swim platform. Commissions aren't the cheapest but the tools are intuitive.

Well I wouldn't say it's a joke necessarily. It's an estimate based on certain assumptions so it's taken with a grain of salt. For American stock options you wouldn't use Black Scholes anyway; Bjerksund Stensland gives a more correct estimate.

OP was pretty specific about "volatility". Finviz lets you screen on weekly or monthly SV. Selecting price > $30, volume > 1M and weekly volatility > 5% gives a nice short list of 16 stocks where the action is. If you're with IB the market scanner lets you do similar filters on realtime data...

I remember when Southwest was the only one doing this and were considered geniuses and visionaries. I can't believe they're any better at guessing future fuel prices than anyone else.

I could see where a noob might sell too many puts to get more premium without understanding they could be wiped out. In a small account just selling 1 put on GOOG could wipe you out if you're assigned and can't afford to buy 100 shares. (100x560=$56,000) Put credit spreads have a much lower...

Have you tried this? Finviz has one of the nicest free screeners around the interwebs. Many brokers have good real-time screeners such as IB.

You make dip-buying sound bad. Buying dips is the lowest risk entry for a trend follower.:cool:

Well, the expiration date you gave (August 1) is only 2 weeks away. Not to mention that your "real" risk is based on probabilities derived from volatility. The probability of AAPL going to 0 in the next 2 weeks is literally almost 0. lindq's reply about picking up pennies in front of a steam...

Something else to consider: I was talking about standard 100 share options before. There are so-called mini options that control 10 shares. Certain high price stocks have mini options, and AAPL might be one of them. If you're looking at mini options for AAPL it doesn't make sense to sell 10...

The price of an option is per share. For a standardized option representing 100 shares you multiply by 100. So if you sell 1 put for 1.25 you take in a credit of $125 Keep in mind your max risk is 100x(120-1.25), which is generally the margin requirement.

Also, don't do that.

I'm vaguely aware of ibpy and only use C++ so I'm of limited help. Frankly I don't think the Python adapter is used all that much; you're probably on your own figuring it out. There are several example programs included in the github repo. I'd use those as a starting point.

When you call reqMktData one of the overloaded callback methods called tickOptionComputation returns greeks.

You don't trust your ability to forecast an underlying's direction and are afraid of losing money. 1) Teach yourself to predict where price will be in some timeframe more than 50% of the time. 2) If you really like calendars, position OTM calendars where you think price will go.

He is not Herbert. We reach.

Depends on location in the US too. It was more cash flow efficient to buy a house for our college daughter to live in than pay the insane rents in that area. Since she graduated it's rented out at those insane rents. The rental income is literally 10% of the purchase price per year.

My 1 rental unit has turned out to be my single best investment. Just wish I owned more of them now.

I'm just capturing your information-filled post in case you decide to delete it later. :cool: