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Brilliant post. These kind of ideas should make your followers rich.

Reminder, Grand_Super_Cycle is now trying to discredit the idea that he posted a "2012 Market Crash" thread where he said the crash will be worse then 2008. He's clearly a pathological liar.

He already did, under the heading "Short AAPL" : APPL then went to $605. I told him shorting a strong trending stock with strong fundamentals was bad trading.

My opinion is some old indicators like Transports don't matter much in today's markets. As I posted months ago, the bull leg since mid January is due to leadership from big cap tech. What I posted was until such time as I saw weakness in AAPL/IBM/MSFT, there is no reason to expect a correction...

Studying Microsoft when its revenues and profits were expanding rapidly ( I'm thinking late 1980s ) is instructive on the massive potential when a monopoly takes hold. A lot of people questioned Microsoft's leadership back then, but there was more then a decade of good times to go. That's...

Buy at $491, sell at $550 was a successful trade. Point made.

I think Ryan must have dropped $1300 on the 3 AAPL Mar 23 605 calls. Probably no chance he got out on that one.

Just remember to photocopy it and pass copies to all the various "multinicks" on this site. I'm interested in the "Elmer Fudd" $US rally that's occured since August 2010.

The reality is I have only one account and have never had any other account. Your refusal to accept reality and continually post otherwise just makes you appear thick. However, one might note your refusal to understand markets and continually post the same mindless market calls nonstop for...

Don, I think we would both be in agreement that some of Ryan's recent purchases are not sound strategy. But for different reasons. You would say sell options exclusively. I would say, ok, buy options, but be far more selective about which ones you buy. In my strategy, AAPL is far too volatile...

Still no free lunch. If the underlying leaves the range, your options get destroyed. Its all good until that insurance policy you sold takes a claim. In some situations, your stop loss is basically unlimited on an overnight hold. Your claim is that the options market is inefficient and...

Don, my point is you have oversimplified the options market in your recent posts. No disrespect is intended, but plenty to go around on this site with posters like Atticus who seems to lack a moral compass.

Following his posts, the "Xmas rally" finished on December 3rd, 2011, exhausting all the "short covering". He encourages people to short the market, and reiterates that recommendation pretty much every week since then. Meanwhile, market rises 9.3%. So his breakeven is at 1290 SPY on his short...

Update please, when will you cover your shorts ?

This post is highly misleading, suggesting you don't trade options very often. There is no free lunch.

Agreed. The buyer is often crystallizing their gains and/or eliminating their risk entirely. If you were up $5 a contract and could guarantee a $4.50 profit its a nice move. With order imbalances the closing print can be quite important.

No, there was a standing bid of 1 contract at 0.50. Probably the remaining contract in a larger order. Someone got filled at 3:59 and didn't have the time or desire to remove the remaining 1 ordered. The other possibility is a bad print, and the order was cancelled during the last minute...

I'm really not sure, I never exercise my positions.

How much money would that represent ? What kind of margin requirement must Nitro have to hold this position indefinately ?

What's the point of all these losing trades ?