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I'm not sure why you're hung up about gold bars. The American Gold Eagle 1oz coin isn't an "old coin" but recently minted, and is considered a standard unit of gold storage.

There are some guys in Russia selling gold bars for Bitcoins. :D

Shoot my little town has a gold shop where I bought some gold coins. They sell new 1 oz coins in addition to antique coins and silver coins. They also have small bars of both gold and silver. You'd be surprised how many people come in wanting to buy so-called "junk" silver coins but...

I meant the RUT 1005 June Call, not May. The delta yesterday never reached 25, however it's at 26 right now. So the rule is I try to roll up the Calls next trading day which is Monday.

Well the decision of whether to buy back the spread or let it expire is generally based on probability and time to expiration. i.e. if it's far enough OTM you let it expire; if it's within the probability cone you buy back.

Wait what? So it's a put credit spread you entered below the market? And the market moved up and away so it's now further OTM? If so buy back the whole thing not just the long. Your risk goes way up when you leave the short naked like that.

I'm starting to feel the heat on the short RUT 1005 May Call with a delta of 24. It's more than 2 weeks until expiration so if the short Call delta crosses 25 I'll roll the call side up tomorrow. Obviously a down day would be welcome.

The Israelis have an aggressive and competent military. It's nice having someone in the region to do our dirty work for us. When it comes time to drop a bunker-buster bomb on the Iranians I'm sure it won't be a USAF plane that does it.

This is part of what's driving the growth of online degrees. They used to be a joke (and some still are) but are increasingly viable alternatives to brick and mortar college. Even if you think online degrees aren't as good as traditional college, the competition they create is real and...

That's a separate issue. We all know government spending is hideously wasteful but you still owe the money.

It isn't "another tax", it's a tax that people were legally obligated to be paying all along and weren't. The party's over so quit whining and pay up.

That big up day on Friday has me on alert, but my short calls on NDX and RUT at still good for now. NDX 3075 June Call delta: 15 RUT 1005 June Call delta: 15

Chart Director is just the thing.

I wonder if he'll try to buy up all the copies like he did with the last documentary.

RichardRimes: I don't use TA. It's all based on probabilities. The drumbeat to the upside that you mentioned caused me to have to roll up one time last month. JJacksET4: I hear you about blowing up. That's why I never really liked ICs until recently after some analysis. Really the...

I've been trading real money Iron Condors on index options since January of this year and decided to start a Journal thread to capture my method and trades. I hope that by publishing my activity I can achieve some consistency. My method is not complicated and is my own mix of concepts from...

Straight ORB just takes the breakout in either direction. Crabel added a bias to the ORB using bar patterns. So if the price pattern predicted an up move to be more likely he only took upside breakouts.

I'd only deal with issues like this after being profitable for at least a year. Otherwise it's just a mental masturbation exercise.

IB's TWS Option Trader screens do this easily.

I always found the division between "trend traders" and "countertrend traders" kind of funny. Even trend followers are trading counter-trend on a lower time frame when buying dips. The only gold I own is a 1 oz golden eagle I bought in a local shop. I'm down about $100 bucks on that...