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  1. W

    iron cockroach

    Is there anything posted on Optionetics that is not a joke? not much :D
  2. W

    Monthly Income Generated

    Very tough to build those trading accounts. At least for me. I have a good job, but it usually seems like profits from the trading account are a nice source "play money" to throw away. Memo to self: Keep the friggin money and get that account UP! The call credit spread game has been...
  3. W

    NY Post rips into Bartiromo. "Money Honey" --> "Bank Skank"

    If only Erin whould just STFU. The only thing I wanna hear from her is moans and giggles! :D
  4. W

    Monthly Income Generated

    I don't sell puts, but ALL my bear call verts are gonna expire waaayyy OTM. :D but there was that little prob with TLAB...f*ckin street.com. :( always sumptin... :p Good luck to all! :cool:
  5. W

    So who is buying ?

    Who's buying? Me. Always buying. Always selling. Good trading to all. :cool:
  6. W

    IB Currency Conversion

    Just got this from IB: Notification 26 July 2007 31.Juli 07 Update Fuer Die Interfaces Eurex und Soffex Am 31. Juli 07 ist ein Update fuer die Interfaces Eurex und Soffex geplant. Daher kann IB am 31. Juli 07 keine Eurex und Soffex Options Ausuebungen akzeptieren. Aufgrund dieses...
  7. W

    Index Options that will expire worthless in Aug07 -- POST here !

    What ops will expire worthless? Any that I have bought! :p
  8. W

    Be scared Tuesday?

    The usual advice always works for me. When in a bad drawdown: 1. Trade MUCH smaller, but continue to trade...unless, 2. Your system or method is showing strong signs of being "broke" (could be difficult to determine this), then stop for a while and take the time to evaluate every trade...
  9. W

    Monthly Income Generated

    Very true, but I'm strictly small-time. And my "overbought" models show a tendency toward positive expectation if sold at least 5% OTM. I also like the idea of occasionally being able to just let the spreads expire without paying the spread and commish to close 'em, hence the Bear Call verts...
  10. W

    Monthly Income Generated

    No offense, but anyone using the handle RealProTrader most likely isn't. Just an observation. My apologies if I'm wrong. Good trades to you. :cool:
  11. W

    Monthly Income Generated

    Just got out of the above trade at not too bad of a hit. Hell, maybe I should have waited? TSCM is FOS sometimes. Oh well, on to the next trade.
  12. W

    Monthly Income Generated

    Here's a good one. I sell a few OTM Bear Calls to balance mostly long trades. I hardly ever sell the other side. Learned that lesson 9/01. Anyways, just did a few on TLAB last week. They were pretty far OTM, but not 20% OTM! Was it a dumb trade? Sure. Will I lose 8 - 10X the credit...
  13. W

    IB CHARGING me interest to hold long-term stocks

    Don't like IB? What should you do? ----> https://wwwna.tdameritrade.com/cgi-bin/apps/AccountApServlet?segment=tdameritrade&a=jqg
  14. W

    Kelly formula is just for gamblers

    I'm with ya there. If I'm not making mistakes, I think something is wrong! Note to young folks: Don't get old...
  15. W

    Which online broker is best for penny stocks?

    Interactive, like I said. Best combo of fees/service/platform for options, for the retail trader.. And, yes, IB competes very well in most commission structures, Bundled, or Unbundled, with those others. Why take a chance with 3rd, 4th, or 5th tier brokers? Just stick with the biggest and...
  16. W

    Technical Analysis Doesn't Work

    I knew a guy who was clever with words. Quite a cunning linguist.
  17. W

    Margin

    For IB Reg T (PM is diff): Short Naked Call = 100% * option market value + maximum (((20% * underlying market value) - out of the money amount), 10% * underlying market value, $2.50 * multiplier * number of contracts). 20% above is 15% for broad based index options. Short sale proceeds...
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    Which online broker is best for penny stocks?

    1) http://www.interactivebrokers.com/en/main.php 2) Not many stocks under $5 with options. There are a few, but they usually don't last long and don't have very many strikes (usually only a strike at 5). Some bigger cap names like SANM have a few strikes and some volume.
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