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I think it means... if I keep tradin' options, I'll have Zero Sum in my account???!!! :D

Totally bogus for the average retail trader: "There is a monthly fee of $650 for the first exchange for the usage of the actual X_TRADER® Platform. (See below for a full statement of fees.) " Why do these guys even try? IB is the way to go!

Daryl, for a "case history" of how to make it in trading, read any and all posts by ET member "40yotrader". Here is a guy who was forced out of a job, started at the beginning learning to trade futures, and is now managing a fund or CTA. He did start with $3 or $400K, I think. But it does...

Did your Stocks take a (very small) Wackin'? Then get Crackin'! Get in the Dipper Groove. And Bust a Move! Buy the Worst! And Sell 'Em First! Hit the Ask! Don't be Last! Market looking Nasty? Buy 'Em, Sassy! Shortin' and Feelin' like a Loozer? You know the Drill...

Lest we forget and once again... I believe the "Zero Risk!" guys are good traders (hey, it's the Internet, I can believe what I want! :D). They are posting this as tongue-in-cheek comments about a bull run that just won't quit. So heck, let's have fun while the sun shines! GO...

It's not your question, but imo people look to options as the "magic bullet", when the answer is obvious - just trade the underlying and save some on the b/a spread. More risky that way? What's more risky than a chance of 100%, or greater, loss as with ops? I know, you can adjust the...

It's not theoretical, it can happen. Basically you owe the money. Your account will be frozen and credit record trashed if you don't meet the call quickly. Then no other broker will ever take you, if they check credit and find out. Yep, options are risky. Even just buying calls...

Daryl, thanks for filling us in a little on your methods. I know it's off-topic, since you are just asking for possible funding avenues. But talking about trading methods is what we do! Sounds like your entry is based on something like very low or high RSI on QQQQ, or percentage move, or...

You can literally do anything with this automation sw. And it's completely free. Helps to be a programmer, but there are lots of people using it. So just ask questions. http://www.autoitscript.com/autoit3/index.php

If by "Bear" you mean "Hitting new highs", then yeah. :D

lol

This is news? It's been detailed in books and Cramer's autobiographical "Buzz and Batch" series. How'd you think a poor trader and terrible stock picker could get so much money? :p

You say that you are selling premium, but NOT selling spreads? Selling puts maybe? Short with dispersion trades? ??? If it has a long and a short in it, or the underlying, it's a spread imho. Maybe if you detailed your methods a little, the more experienced traders here could point you...

I wouldn't say that volatility is ever "off" (well, except in the nafarious world of "fat tail" distribution, as compared to Bernouli). IV is simply what its name suggests - implied volatilty. It's the volatility implied by the current option quote. If the market (or Market Maker) thinks...

Oh man. I've been an XMSR sub for a few years. I'm addicted to the "Old Time Radio" shows. Hope they don't fark it up... :(

Thanks! Hey, your Excel sheet looks pretty cool. I can log a few thousand trades and show portfolio curves in Excel, but that's about it. Definitely not an Excel wiz! Good trading to all. :cool:

It's an app I made myself a few years ago. I know it's hard to see, but this is what is showing: With Volatility set to 10.0 and referenced to March Expiry (I'm just using 3rd Friday stock expirations) 1. Underlying Range of +/- 10% 2. IV Range (at Expiry) of +/- 10% (red: +10%...

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1365796"/>

The only real "disadvantage", over time, to trading options (long or short) is the rather wide (sometimes OBSCENE! b/a spread) Options on liquid securities, and option strategies, have no inherent advantage or disadvantage. I personally don't believe the old saw "Pros Sell options and...

If you buy the 80 call for $2, when the stock is at $80, the call value is totally "time" value. If the stock stays at $80 you lose $200. When the stock moves to $84, the call is now $4 "in the money". That is, it's worth $400. That is if it is held to expiration (all the value is...