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You can get a better risk:reward by using a spread, unless the IV on the call you're buying is historically low. As earnings approaches IV increases so you'd have to buy pretty far in advance. After earnings the IV suddenly decreases so you'd better have had a big move to compensate for it.

That's the usual way backtesters work. Same for WealthLab and MetaTrader.

The ROI on the typical Bitcoin mining rig doesn't justify the expense (those Radeon 5970 cards are like $500 each) but it's still cool as hell. Ya know, there are GPU APIs developed for R if you want to do some serious statistical number crunching for trading systems and what-not.

Wow this thread's still alive. I haven't heard from OP in a long time though. Not sure what happened to him.

You don't need a weatherman to know which way the wind blows.

I trade only options and no stocks. But my option positions are NOT designed to replicate long stock positions. I stopped owning stock a few years ago when I realized it's too risky. You can't beat the defined risk of a properly-formed option position.

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There *are* newer inherently safe reactor designs that absolutely can't overheat like boiling water reactors. Unfortunately the only "proven" designs are these 40 year old boiling water types. Unfortunately there's no national will to push nuclear technology beyond the 60's.

The Japanese nuclear reactors are GE boiling water design so if they melt, at least it's into the ground. The Chernobyl reactors were of a type that resulted in a fire and explosion. A meltdown would be bad, but nothing like a Chernobyl disaster. More like a Three Mile Island event.

I just remember thinking that the acronym for Trading in the Zone is TITZ.

"If you have to ask, you'll never know."

Why would you expect a straddle with forex box options to be priced any differently than an option straddle on stocks? In both cases the instruments have the anticipated future volatility priced in. If the anticipated move occurs, you might break even but no better.

I would take careful measurements over a long period of time and apply RSI and MACD to it. When I get an RSI cross and MACD confirms it (or is it MACD cross with RSI confirm?), then I'd put the sail up.

Well since I don't trade straight stocks long or short it's kind of a moot point anyway.

Risk is less. The riskiest position is long stock with no protection.

Except you get paid a higher premium for selling puts than you do selling calls. Frequently the skew is significant. In addition your risk exposure to long stock positions is higher when selling calls. When selling puts you're only long the stocks that were put to you, hopefully for a good...

AmiBroker plays nice with IB and has a similar feature set to WL. (Any it's way cheaper).

I know, I'd be inclined to pull the plug and just take the loss myself. I'm just saying that you have "options" as an options trader that a long stock trader doesn't have.

In a calendar spread, the long and short strikes are the same and the expiries are different. Buying the next month out put in my example doesn't make a calendar necessarily. You select the strike of the hedge put based purely on its current delta; who knows where the strike would be. I...

Yes, but what we're talking about is salvaging a potentially disastrous situation. If both strikes of your credit spread are overrun, it'd take months to get back even again. By putting on a hedge you might have a losing month but you'd be back in the game in a much shorter time. You'd pay...