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  1. tommcginnis

    Option selling for premium

    Neither of us is recommending selling naked 5¢ SPX options. "Beginner" or not, it's just *dumb*. That said, for any short options bought back at 50¢ (a 10x whack), whether you could buy it back, sell the 25¢-er on bottom, and another 25¢ on top -- that's your choice. But you just cut that...
  2. tommcginnis

    1929 vs 1987 vs 2018

    Right now, there is an imposed similarity between between '29, '87, and '08, in the OP's post. If you subscribe to the similarities (which the OP did not even endorse??), the implication is clear. "YMMV." The last time I looked at The Great Depression in depth, what got glued into my brain was...
  3. tommcginnis

    1929 vs 1987 vs 2018

    Guys, it's not that hard. "Buy" below 2400. BIG "Buy" below 2300. ALL-IN "Buy" below 2200. See?
  4. tommcginnis

    OK, what is your take on how much further we are going to pull back?

    "End of story"??? Pfffft! That was a miss. Sheeesh. While it's not something foreseeable from a "technical" view, I wonder if this latest Trumpidiotic Crisis is a game-changer -- i.e., if we're not going to see a 2015-ish pause in the climb that's been oh-so-evident from 2012. It would not be a...
  5. tommcginnis

    Option selling for premium

    Eh? While respecting your thoughts on the matter, they are very much prisoner to your very-low estimation of moving risk/positions - it's a lot easier than you think.
  6. tommcginnis

    US ETF flows

    I'm really surprised that no one has remarked: Those flows seem to specifically mimic Buy High, Sell Low. "Oi!"
  7. tommcginnis

    What are the "velocity based" technical tools?

    What are the particular price/market mechanics that you're observing? Can you come up with (pre-)conditions that spell a reverse of direction? What indicators utilize the mechanics of what you're seeing/describing? (Having found some candidates...) What indicators seem to mimic your choices...
  8. tommcginnis

    So, I'm looking at VIX futures data in a spreadsheet...

    Find a nice round number. (e.g, "1.000%" or "-0.500%" or even "0.000"). Look around. Tell us what you find.
  9. tommcginnis

    2749.50 -- tonight's SPX close.

    Well, a *big* ol' dose of crow for me!! Wow! Right now, I'm getting ready to roll 10-wide Friday 2655s down another 10-15 points. Already opened new positions topside at 2730 -- ready to roll those down to pay for the put roll. The Euro-banks are not happy, and I was *hoping* there'd be a...
  10. tommcginnis

    socialism in America.

    So, his statements that make steelworker and coal miner (and sheet craftsman at Carrier in Indianapolis) etc etc etc as the preeminent concern, aren't aimed at telling capital owners what they can/cannot do with their capital??? We already have socialism in 'Merica. Sheeesh.
  11. tommcginnis

    2749.50 -- tonight's SPX close.

    Whoever picked 2719.50 won the pint. ("Beeeer-rrrrrrrr.") 2717.75 at the close. Sheeesh! Oh, well. Sold 2790/2800 for Friday, at 35¢: bought back the shorts for 20¢. Sold the 2670/60s spread for 50¢ at a -0.09 vol; it's currently 93¢?? and -0.19 vol?? Will let that cook overnight -- my goal...
  12. tommcginnis

    IB: Memory Issues

    My 64bit TWS memory heap is 353 of 759mb -- it's been open since 9:30 ET. The RAM consumption via Windows7/TaskManager/Processes is 1,247,404K -- about average for post6pm; at start-up it is around 909,000K, but too, it rarely gets above 1,247,000-ish. (If it hits 1,500,000mb, CPU consumption...
  13. tommcginnis

    2749.50 -- tonight's SPX close.

    I dunno! Seems Mr. Market is voting on 2719.50.......... So close! (for a minute.....) 1439 ET, SPX at 2724.00
  14. tommcginnis

    Anyone familiar with piriformis syndrome?

    OUCHIE!! You know that one of the first tests is to drag a pencil across the ground in front of you -- as soon as those toes go to pull it, "Damn!" Which is exactly the motion of skating! That's the bad news, of course. (And no news to you, no doubt.) Have you rolled your ass on a tennis ball...
  15. tommcginnis

    This just sold for $2,000,000 in the Bay Area

    In Indianapolis, that house would run $70k-$90k, depending on interior details. I think I know where Amazon is going to open that second HQ. (Ooops. About the same thing could be said of ANY housing market outside of Bay-ville. Hrmph.) (On further reflection...) I think about $10.00 into...
  16. tommcginnis

    2749.50 -- tonight's SPX close.

    Though, it should be 2759.50, but what the hey....:rolleyes:
  17. tommcginnis

    OK, what is your take on how much further we are going to pull back?

    We remain on a trend that started in Q1, 2016. Tax reform added ~1% on November 28th. End of story.
  18. tommcginnis

    Looking for RELIABLE source for real-time (snap shot) option Bid/Ask pricing

    (You are very welcome.) My set-up is just TWS via Windows7, with the computer entirely closed each night. I am set up to begin to construct a Java-based TWS API, *merely* to scrape data at a predetermined interval, and throw that to a desktop file that will be read in real-time by an OpenOffice...
  19. tommcginnis

    When do you make the choice to switch from price making to taking, and how quickly?

    I have never accepted the other side of a standing market unless the sky was in the process of falling, and my head hurt from the falling chunks not successfully dodged. (Y'know. FWIW and all that. YMMV. "Objects in mirror may be closer to ruining your day than they appear." "Don't operate...
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