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Oh Lord help any who stray here, there is so much ignorance on this board. The OP explained that he was selling calls and puts. In that case he can - and he will - lose far more than the premium.

Who will win? If Trump has the courage to show up for a debate with Clinton, which is seriously doubtful, his chances of winning are 0.0% And he knows that.

I'm going to assume from your post that you do have a system in place, and your problem, which is common, is that you feel the need for some extra action. You know, and I know, and everyone else with experience knows, that this is very destructive to successful trading. It will help to open a...

InvestorRT at www.linnsoft.com. You'll have a learning curve, but much faster (and a lot more fun) than trying to build something from scratch.

Yes, I have shorted equity options and I was fortunate to have survived my margin calls when greeted with a black swan. I did so only because I was well capitalized. I paid very dearly for a lesson I will never forget. But, golly gee, if you would like to put your ass on the line as a public...

If you're short and positive, take the money and be thankful that the steam roller didn't get you this time.

1996-1999 A very nice timeframe.

I'd much prefer to see robots consume stuff, rather than making it. We could create specialized robots with preferred tastes. Just line them up and feed them. We just need to figure out a way to get them to pay for it.

I just really hate it when Soros comes here trolling for tips.

I noticed that as well, and at one point yesterday there was such a differential I thought I had a data problem. My only explanation is that none of the VIX derivatives are perfect instruments, and as VXX and XIV are already quite removed from the actual VIX, extreme moves in volatility...

Actually, there's a LOT of free information about options and options trading. The point has already been made to you - and I will highlight it again here - that you should have a successful background in equities trading before tackling options. Why? Because options, for the most part, are...

Thanks for your blog. But very sad that the folks at the IRS can't find the time to determine the tax status of instruments trading 100 million shares a day.

Robert, do you have an opinion on the tax treatment (Section 1256) of the ETNs VXX and XIV ? Thanks.

Keep in mind that cash is a position. There is nothing wrong with taking a neutral position when you know that there's a significant event coming up over which you have no control. The decision to stand aside and not put on a trade is a sign of maturity.

Noting that FTSE and DAX have both bounced at the open.

Agreed. I trade only long options when holding overnight. Unlimited upside, but limited downside. A built in stop. Last night I was long VXX calls. Why? My gut told me that with the strong undercurrent in outer counties leaving toward Leave, and the shooting in Germany playing into that...

Buy the rumor...sell the news.

June 20, 2016 Dear Mav, Hi. It's me. Yep, from the future. Do me a favor, will you? Drink more water. And buy CSCO. Much appreciated. Best regards, Mav

I was, and I got burnt. Can't win em all.

Nevertheless, your risk per trade is still 100% of your invested capital. Pop off a few of those in a row, and you'll understand why long options generally aren't a good substitute for the underlying in most equities systems. Yes, they have their place in special situations. But not in a...